2009 Federal Low Income Housing Tax Credit Program Application For Reservation Deadline for Submission 9% Compettive Credits Applications Must Be Reseived Al VHDA No Later Than ‘5:00 PM Richmond, VA Time On May 15, 2008, TaxExemet Bonds |Applicatons should be received at VHDA at least one month before the bonds are priced (if bands issued by VHDA), oF 75 days before he bonds are issued if bonds are not Issued by VHOA) sen iia Hing Donopest Aut Stow Bae Ser VHDA mon, Vigan 236s00Tax Credit Application for Reservation [Pieseidiaio Te folowing lone ae icloded with your applcalon by chechng he appropriate Boxes. Your sssstancs in organizing the subiesion tthe following order, and seta ting tabs to man hema shown wl acta review of your applicaton. Piese fete ha al mandatory Home must be Icluded forthe apdeation tbe |pseesred, The ncion of other ims may mereae the numberof pots for which You ae cigs ner VHOK' pin [System of ranking aplestione, and may ait VEDA ns datrmination ofthe appropri amour of res that tay reserve forthe development: You are thereore encouraged to submit ae uch requested infomation ass eval, but [ttrinctsion snot mandsony fr revew of our aplleaton | CoeOVv_C [2 lectonie Copy ofthe Mioosf Excel Bas Apion (MANDATORY) {Hard Copy of All Applicaton Pages Wih Site (MANDATORY) [2 Scaned Copy ofthe Tax Crt Appian wih ll tachment (eating matty ant plan & specs) (MANDATORY [2 $950 Applotion ee (MANDATORY) ‘abA:- Docent of Development Location: [AL Quali Cens Tact Cerieaton Revialzsion Ara Ceifeton oan ‘StrveyorsCetfoton of Proximity To Public Tanspcation ‘arnaenp or Opering Aeon, dng chat owners ctr wih ecetage of tress (MANDATOR. Vig Sato Corporation Commision Ceriton (MANDATORY) Pails Previous Parison Cartifetan and Rou (MANDATORY) EITAbE) Nowpons Qustionie (MANDATORY for polns o peo) ‘Te fllowing documents ned nt be submited ules reese by VEDA: "Noapoft Arse of ncrpraon [IRS Dosimentaton of Nonprofit Stas “lat Vente Agzecncat (aplcte) “For eott Consaing Aweement (if appcobl) ArcietsCeioaon (MANDATORY) PHI Seton # Notfeton Lene Tocowmerhi lan Site Conral Decumenation (MANDATORY) Zoning Cetcaton Leer Coie of 809 To Catfy Developer Eaprence (eseved) ‘lane and Spcttons and Work Wet-Up (MANDATORY) Documentation of Renal Aettnce ‘Documenta of Operating Budget eesrestaon of Fntcig Suse (Reserve) Nonprofit or LIA Puhase Optio or Riht fst Resa (aa taney Opinion (MANDATORY) esr) Maneting Plan fr unite noting acces equrenets of HUD scion 6 "Mase Stuy (MANDATORY.-Apptetion le said I mart td subted wih he appistion)‘VHD TRACKING NUMER [9-700 tas A. Development Name a Loeton: 1 Nan of Dolpeert = Coveny Armen 2 AddessefDewiymen ——“Sasex te = Ene va aa Sir 7 RoR 5. oan sess ut avail, oie ogi lind crs fam ean ont oe sarge dons ene ES Donmantaton fem aejor tes TAD A) (ony oy Fe aS wat MT TT {Cordes shad he see a eto en 63 ope) 4. Teche Cou Cake in whi hdd the apoyo wl eco Cito Geni Cousy Gr icon Ci Chester Cys plone) 4, Deets oegp er otek ce? ve EN ‘fy wt ofr Cyan te od nb ne sor bon? 6 ete dope oe in Meootin Ss? ‘aver L Ne 1. Cams Tete eet el 801 sti Quaid Com Ta ver Bl No (ye sth ged ein TAB AY | Ith deo eed in itficuDeeopet Ars 9. Sede dopa ot ina evan ae? TE Yer No ye sh nein fem a TAB A (Tee deounacanccaing RD er HUDSANS6 devcpmen? CE Yer EL Ne yer sac mecind fn = TAB Q) Mite Wear uy mre pent ode er pops ci ig os ‘cen ene pln mat ern te rer es i wh psn ner ‘ho rote he ofr npstonce fom DN pr mae re ae Oye ‘re orate bon Sedo ove 11, lb opened ns cose at wh ony ‘aecltnoteotcendt torent pa? Oye 12. ie devcymon eon te RD SS Bean Peni tat OYe aX a See sue Diet Ty tment Se Howe ert Sennen 16 Lectin Atel (TAB A) Projet Desens Inte space roe teow, gea heeds of rps pt. Acoli toe lng ech ah 12 eet fn cma alg coms of cs, cama wih ‘Semip indy nde bes eee{Low Income Housing Tax Cre Appian For Reservation Reservation Request 1, Toa aaa cet amu ees (st ete ses Pat D8) S331 109 2. Cras quested roa 9% Crees Nenpai Se-Aide (Al apoio developments wich mee es eid in Pa ILD hereof ny sl hi) 1 Lost Hossing Asti (D. Méevater MA Poot 1D Norte Vina MSA Pol 1D Smal wsA/Mtcopaan Pot 1D Richmond MSA Poot 1D Ral Poot 1 Non Compete Pol Preservation) 1 Noe Compstve Poo! Disb) 1 Tax tempt Bonds 1D neweoniation 1D rebiton (sequton nd eabisin, ede Steen {The developmen wil not env eee subsides, (CTs developmen wil eos eel subse er Clabes or Dome tikings. D. Type of Alcon Allocation Year 1 Reger Aoeson| laut ore bing te deenpment respecte bo plaed Tnservize tis ya For those ulngs he vex wl Yu, ques an allocation f 208 credis for Cem ensructon,ot (O rebabitson ‘Clacquiston ad iin, 2. CanoewandAlowioe lal ofthe bangs inte deepens respec to be laced ‘nse itn yas nd aed e209, but ‘ier hve more thn TO% sin the evelopment bef th cad ofc ‘mt lowing allotea of rei. For hr lines, oe owner eens {carvan ication of 209 ees parsuan Secine «20 KINE oe ew sont ‘Dreetson oe [Dscyustio nd rebitiation (een you squid x bing hs ye and “places in serve” foe purpose of aston ret Jou cmt ee ‘he 8509 fr for ihe ea 409 se or alin oe the ed works "aed in sevice” n 2010 or 201 3. ode Sublis (D Thedeveopent wl et recive es mic 1D This deveopmenr wires Feder bss fr: ‘Claus or ‘sone bins. Page?[Low-Income Housing Tax Credit Application For Reservation E, Acquistion Credit Information [NOTE vo sedis we beng equal er ls indicate and yo onto Put galing: being acquired Tortie Soalapest, ‘No Acquistion ‘Ten-Year Rule For Acquisition Credits (Al builsings srs the 10 year look-back rule of IRC Section £2 (4)2XB), including the Tove basisS15,000.0 rehab cots ($10,000 fr Tax Exempt Bonds) per unt equiemeh (ZA builsingsgusiy for an exception tothe 10.yeur ul under IRC Section 42(92NDYE, Subsection) d Subsection ( a Subsection I) Subsection (VY) G Subsection(v) LA waiver ofthe 10-year rule forall buildings hasbeen or wil be requested from the Department ofthe Treasury pursuant to IRC Section 42(0X6XB) 1D Ditferent circumstances for diferent bilings: Atich a separate sheet and explain foreach building. FF, Rehabilitation Credit Information [NOTE: Tro erdi are being requested or rehabiation expends Ineo and go lon to Section NoRehabliation ‘Minimum Expenditure Requirements (C1 Altbuitdings in the development satisfy the rehab costs per unit requirement of RC Section 4eV3NAN. [Z_Allbuilaings in the development qualify forthe IRC Seeton 42(6)3)(B) exception to the 1 basis equrement (We credit on). [C1 Allbuiléings in the development qualify forth IRC Secion 42(9(S)BKIINID exception. Dien circumstances for diferent buildings. Atach a sepante sheet and ‘explain foreach bulaing 2109 Page‘Low-Income Housing Tax Credit Applicaton For Reservation 1h, OWNERSHIP INFORMATION [nie ie sont ting nn roe am fm praesent vias tte cian ty EA | [inn “ert a mr ane e's oe mes aa aed Vina Sus Cogent Eom AL Owner information: "Name" Enporia United Metodit Housing LP Erpora United Methodist Housing, Pe Contact Poson Fist. Eugene Midle:C. Last Cook ‘Adéress 6163 Ath Hl Di ee 858 canesve Va 2013 rr Feder 1.D.No, Applied For (Gfnot evalble, obtain poioew Alston) Phone 703-143-3 = S106. imal address ciymorgage@usanet ‘Type ey: (2 Tikal Parnes Ober 1 iaivian 1 Comoration [Owners orzo! dcumens (. Pamerip ascent) aaced (Mandatory TABB) [F Cerieaton rom Vigna Ste Corporation Comission tach (Mandatory TAB Fiminl mohed gpl pete, LUC mente, cnoting sco): Phone ‘Type Ouneship %Ownentip Usted Methodist ‘000% Sept te Corporation SS Cae | oo ‘Toten Regn, Je, Presa oT — —— Sasa TT NR EEE OOO —— rr —=m— “This should be 100% of the GP or managing member interest 201% Principal’ Previous Paipaton Ceritcaon ntached (Mandatory TAB D), resumé & ownership structure chart 1B. Sele Information: ‘Name Chics. rig, 8 Susn J. Grig, Trustees Contact Person Charles 1 Grige ‘dices 636 Sout Male Sg {Expl VBS i arc Is there an identity of interest between the seller and ownenapplcant? ve Ne yes, complete the flowing: na) ilo, gee pen, conoting hee) Phone Doe Ownecship 2% Ownership 0.00%.Low-Income Housing Tax Credit Application For Reservation Development Team Information: Complete the following as applicable o your development team, 1, Tax Attorney: Hugh T. Hazon 1 Related Emity? —C} Yee No ‘Fim Name: “Willams Mallen Ades ro Jams Cente VA 2317 Phone 6141088 Fixe WESTON 5. Contactor (Comact); Ba Tutington Related Enity? Cl Yes El No ‘Firm Name: EST General Contactors Tae AAdéeess: TOO Tilghman Drive, Dunn, ROBES Phone! ‘310.891.5465 Tae TOROS 6 Architect: Al Zemsitis Related Emity? —} Yes [1 No. Firm Name: Zemaitis © ARSEST ARATE Address raapelis Road, Sule Phone: 3O1-STEISTD ___ Fa SOLSTTSOSH— 7. RealEstate Attorney: Hugh T. Harrison, Related Enity? Cl Yes ©) No em Name: Walls Millen ‘Address: “Two Jaros Corte TOZT Fant Cary Sweat, KichmnondVA‘23219—————— Phone: SOS TAS-6AST Fas BOR TESSOT Mortgage Banker: gene C. Cook Related Entity?) Yes (2) No Firm Name: “City Marigage Coparaion Address: G75 Ahr Ms Brive, Came, VAT Phone: "05-73-5700 Fax TOTS 9. Othee Contact: Related Entity?) Yes C) No Firm Nem Role ‘Adres: - Phone: Fae 2009 Page 5Lay ocome Hsing Tax Crit Appian Por Reservation DL Nonprofi avtemest: [Repcaine Foran Grate Nateecangicadinacrs corgete he rapt edi poo opicrts ato compe x pnt or nonpstimcvement sna herarkngoahh "tax Cre Nnprti Poo Applkants: To pli frie noo pl on to nod a RSS (698)01501 4) nd exng fm at nde Seco $0 whe pri eg loos aie at sy ine end ptt pe ua capi Steen cea en epmni ‘statement otis i none ‘sceathnaytttmone bomen os oe as ms spt psp pes Sotto ‘All Appleans: To lyf poi ie aig re np voce eed ey his of be egomarc 1. Negpnt cement (A Ag) Irn iensnnpett meezan okra ewe ine by eck er Cisdaeetopat 2 Mansy Quien see rte, nm come oe Ph Cusine (7 Guo in andar TAB E) otros iy regen fr i on mst Nowra egy reamed 4 ey ofr fer plin) ‘Tamopnleceptnton tle is delet Casbveer Ces apn iit or Ov) ‘ig untae 2 Je ‘wane i 5. feapag ofAanpofi Onn Apt emt) ‘Spear ce mmm emp rope omc hegre! enti es tnLow-Income Housing Tax Credit Application For Reservation IIL, DEVELOPMENT INFORMATION A. Structure and Units: 1. Total number ofall units i development 60 ‘otal number of renal uni in development TH bedcooms _ 120 ‘Number of low-income ental units BI bedrooms Percentage of rental units designated low-income TUDO — 2. ‘Ve developments structural features are (check al tha apply): Row House/Fownhouse [) Detached Single-tamily [Garden Apartments (Detached Two-family Slab on Grade Basement [Crawl space Ageof Stuctudew Construction Elevator 3 3, Number of new units 60 bedrooms __120 Number of adaptive euse units —T Tredrooms —T ‘Number of rehab units TT esrooms ——T 4, Total Floor Arca For The Entre Development 59,599.00 5. Unheated Foor Area (reezoays Bales, Sorge) 944.00 0.05 6. Nonresidential Commercial Floor Area 0.00 «85 (Net eligible for fing) 7. Total Usable Residential Heated Area 56,655.00 a 8. Number of Buildings (containing rental units) 6 9. Commercial Area Intended Use: 10. Project consists primarily of a bulding(s) which is (are) (CHOOSE ONLY ONE) [2 LoweRise (1-5 stores with any structural elements made of wood) _ Mid-Rise (6-7 stories with no structural elements made of wood) (D_ High-Rise (8 or more stories with no structural elements made of wood) B. Building Systems: Please describe each ofthe following inthe space provided. Community Facilites: _Communty room with warm up kitchen, laundry room, office, mechanical 00m, and mail boxes fr residents and office TExteriorFinish: Brick and vinyl siding Heating/AC Syster Electric Architectural Style: tional 2009) Page 7Low-Income Housing Tax Credit Application For Reservation © Amenities: 1, Specify the average size pr unit ype: (Ineluding pro rata share of heated common arcs) ‘Assisted Lve 0.00.SF Bm EM ‘000 SF 3-dem Gar 0.00 se TSE OOS 2Béem Ed TOTS Bam Ger, ———0 se T-Sy IBRE ooo sk BGar | ao SF 2Bam TH ———o0 se 1-8 2BR-Ed ——TOT SF Bm Gar, ——T SF. Bam TH ———no0 se EAE aos 2 Bdrm Gar HTS SP Ram TH ——Taw sk 2 Total gross usable, heute square fot forthe entice projec less nonresidential commercial area 56,655.00 [2] Documentation attached (IAB #) Mandatory NOTE: All developments must meet VIDA’ Minimum Design and Construction Requirements, [By signing and submiting the Application For Reseevation of Low Income Housing Tax Credits the applicant cries thatthe proposed project budget, plans & specification and work write-ups incorporate all ocessry elements to fil these requirements 5. Check the following tems which apply othe proposed projet: Documentation attached (TAB F Architect Certification) Mandatory For any project, upon completion ofconstruction/rehabilitation: (Optional Pint tems) 10026 a(1) Percentage oF 2-badrvon aris ha hie 1.5 botrooms| |_ 4 o(2)Pescentage of 3 or more bedroom wns tht have 2 bathrooms ‘A communityneeting room with a minimum of 749 square fet is provided Percentage of exterior walls covered by brik (excluding wiangular gable ends, dors and windows) Alkitchen and laundry appliances mest the EPA's Energy Star qualified program requirements [_& Allwindows meet the EPA's Energy Star qualified program requirements Every unit in the development is heated and air conditioned with either (heat pump unis with oth 8 SEEK rating of 14.0 or more and 2 HSP rag of 8.2 ot more and a variable sped at handling unit (for through the-vall heat pump equipment that hasan FER rating of 1.0 or more), oF (i) ir conditioning units with a SEER rating of 14.0 or more and a variable sped ar handling unit, combined ‘with gs Tamaces With an AFUE rating of 99% or more [Z_& Water expense is sub-metered the tenant will pay monthly or bi-monthly bill) [Z_ hy Bach bathroom consists only of low-flow faucets (2.2 gpm max.) and showerheads (2Sgpm max.) [iL Provide necessary infrastructure inal units for high speed cable, DSL or wireles internet sevice. [2 i, Allwater heaters meet the EPA's Energy Star qualified program requirement 2009 Page 8Low Income Housing Tax Credit Applstion For Reservation oral projets exlsivey serving eerly anor Randicapped tenant upon completion feonstactou/ebabitation: (Optra Pot toms) [D% Altcooking ges wl havent contols % Attn wi havea emergany ell ase Ze Allbatvooms wlthave an independent or spplmentl best souce (Zé Altearane doors haverwo eye ewer, cnet 45* andthe tert stad eight (estructural he National Reiter of Historie Pass ois located in registred hii ise and erie by he Secretary oF eit a. ting ofhistorel signa othe dsr end te reba willbe oped [Sh ner oe elle fo hts entation nx res Acces ‘ere ong. of the flowing pot caer, 3 appropri: [L_—_Foranpnon-cty propery in wich he pte of 10% of tenis () rv aera poet iio eile ass morao esrocepaney by xrenellow-scae pss) cnr w HUD Screg acest esr fection 24 fhe Rebiion Ae i) weave tte pope wih ‘pect ete in acordance wh lan sobited a part he Apion spec neels cae net pao {Eis dsl above mince n shorerr andl une staan fen con fr nee) Foran ney peop wich he rater of of 1% of te sit ane wii HD's Hoang Choise Voucher (18CV" payne sted (confor to HUD repueons ering acesniy rcs of oon 50 ‘he Rei Ac und i arate ted to peopl wih moby inact, ning IV toler ‘eenrdane witha pe omits as pate Apeon Dy Ferny non rtypropety in which tes fur percent) ftw confor t HUD regulations nerpeting, scculyregutements sao 308 of te Retain Act al re asvely marketed to people Wh ob [npuimets In accordance pan submited a pat of te Applowon Eertheraftor LEED Development Certieation ‘Applicat ages obtain Eartha or LEED corification pir stance of RS Fo 360, Architect exes ie Ceuta met er heen Yes" karberat vecike Vest elder, atch ppeopiae documentation TAB [LEED Acereited Design Team Member (ne or move members ofthe desig eam @ LEED acuedted peafisonal TTDNo “TP ¥es,anach appropatecocumertaion st TAB F ‘Universal Desig Units Mest vers Design Sends ‘The wht fear ote tha une wl be conducted o met VDA Univers Desig sandr Ove Ties ash appropri ecumenaion st TA Number of Rel Units contrac o mest VHIDA's Univeral Design standards: oun Oe VIDA Cectiea Property Management Agent (Owner ares ous a VIDA Ceri Property Management Agent to manage he rer Bye No Dye ON» IN/A._‘Themskst-at ny amenities sobs egulent thse of te Joveincome unis. foe, explain fences: 2009 Page 9Low-income Housing Tax Credit Application or Reservation 1V. TENANT INFORMATION [AL Set-Aside Recon: UNITS SELECTED BELOW IN BOTH COLUMNS DETERMINE POINTS FORTHE BONUS POINT CATEGORY Fs ner gan ay tar ces event oot nao wo minivan aah caer ar Ee bth ante rus Sound ar oxi by prene whore tre at 3% oes te sea mean are se ty] fete ena ne 200 nt) orate 0% ftw un eset’ sn ctsaped by petens woae ames eh fs she sea moon mere etd fe ays scaled be 1080 le, aa deverbed Serio 2 afte RC Roma sed va wean on vince ws ofa fac ean ed You tay ere et Latta Provided Per Household Type Tacome Levels Rent Taveke [ror Uae 4 of Uae at Unie Fe of Unie o 00% 40% Ares Median ° 00% 40% Area Melon [nse Sos Ares Median T— ime Sine Are Mesion [ar rong Ars Medi, [a Two oe Aree Metin fr ose NSN ie [=o “a "Noni Unite [esr ro toi Le roe _Toat Special Housing NevdsLesing Preference: 1. 1£100% of te lo-income units wl be ocupiod by citer r bah ofthe flowing spacial neds groups as defined by the United Siacs Fa Housing Act, nl: Dye ety age 5S or above) Ove Prysely or menial disabled persons (mst mest th equiement ofthe federal ‘Amoricans wi Disables Aad) 2. Specify the umber of lw-inone nits Ut wl serve individual nd fies ith hile by Providing he ce more bediooms: 0 Number outs oft owincome units 3. tthe deslpment has etng tenants, VIDA poi require tht the impact of economic andlor pyc ‘placement on hse tenants be minenzad, in which Owners are to bie bythe Asthorys Reason ‘Gtletine oc LITE ropes 4 aang peterence wil bo steno applicants on pblis hosing wating itso Section 8 ving 5 net: Ye. No Locatiyhas o such wang lis; ye, provide the following infomation: Organon which bois suc wating st (Cott person (Ne an Tie) Phone Nenber| Ti Required documentation tached (FAR 5. IMlesng prefercace willbe given to indvduas and fails with cilen. (Leseehan or coil t 20% ofthe nits mst ave of oes beoom). Bye Be 2009 Page 10“Loy-Income Housing Tax Credit Appliaton For Reservation ¥._LOCAL NEEDS AND SUPPORT AL Prove the mae and he ares ofthe be excetv fear (City Manage, Towe Manage, oF ‘Coonty Admits) of he pla recto which he development nil oat Chie acetveOfiees Name Davi Wi (Chit active Ofoo Tie Sey Ai aa Set Ades) 1781 Gest Cauty lle Faas EET Gy ieee, et 8 "are andi ofl fea yo tae iscused hs eet with wh con aver uss fe te IbsCEO. Mi Lin Pope, Doro Puig ee ‘VHA actin Jeter o CEO submit price o $00 PM 3/809: (26 compeitivecetits oly) El Yes CI No Namen ie of fi you hav dase ths jet wth ho cul user uss fr ED at ir CS RST TAT) O8 BE ORT ET TET 20 ‘VHA atest eter to CEO submited pir 5:00 PM 3509: (9% compete credits ely) ED Yes] No B Project Shea eon oor i nate ae — — a = — a a 7 = 1 Contraco Lo — | == = eta ees — == = = aos =———- amen ———— eee mae —— — eee eer ae ee a ree Sues ss eee oe DF aLow-lncome Housing Tax Credit Appleton Fer Reservation foes Ste sonal by ne Owner Wore hava panlaby Secondo of evi of We eeTeien, DeSmaran] Jenence afm he for eet ed pon, purcare crc snes ram ger an ha ped fo ert ann opr sc truce hee (Captive Ca An Oton | lamina: sie cnt yan ent ter han ho Oar, own 4 2 don aed pay, nat ICON [sta tard oo Owe’ eur stit. The Onna, as ented In Suopant BA, ust Reve ste contol xa) [seis Appicadon submits Joe: se Oe snes 2 nation eh. ope abe se ee rae by st |conactus bate you suits applaton you have ay qussons about is oguromer Applicant cools sto by (stone an aac documet- Mandatory TAB) Deed -atucot Long-term Leas acd (epiaon de: Option atch expiration dt: » Purchase Contac - taco (expiton date: inane ) ("sn sc separate sheet apelin cach steamer of exsing bung o ha "ype of coma af each te and apeiasi oxpesion dt of oem of canal "AS coal , Set pins tan ig) ein rel cme a “pa ni ig ne pe 1 Grete pn tw ce © Sec crnmensoe c “sts itertenats sien fron orca tn requ docamentnon for eatin properties ‘Amit wa ioe, (Pan and spies y-nt wpaates CAB) ot ‘rats nd sete yank wk rbd eras{ov-tncome Hoang Tox ret Aplation Fr Reservation YiL_oprRaTiNG BUDGET ‘A: Resta Asaese {Door willany rine unis ee etl asian Os" 2 No 2s inde peo etl asians: 1) Secon Costin Sts Recon 1 secon edo Reiision 1 Sec Certs 1 seston recta Asics (D mDsts Rist asses 1D Seine vores Gi sieaniinse Doe, 2: Nbr of ie ceva ste ‘Naber of yeni rel anise cote: Expnson dof eas D Conratoter aperet TABQ) Batts 1 Monthly UltyAlowsneeCalelatoes eer 12. Sore of iy Allowance Cleon (Atach Docomentation TAB) O wp Duity Company (sina) OD toatrna Duty Company (Astin! Srey) ote Mata Pagewn ing Tae arte tomes 1m _) zea a wl ee Gene ETT an Sap 7 nies eae es en ‘niga oy Sener Reppin tt seen hs tele ade a tte Sane eine Sima mattis : 1 Dcnetn ng Opening Bs aed ABR See ees eae ees Tae ee | cam cctanpey anreecttedanemreeaes H 1S)Sisis|sis)s\)8/818)8) sissieisisie) fe sigieisigis/s) HL SECSSCSECSEE ERRLERLESEEELEE BE i ab i TT 1Hgts GCCTTET EET EEE gigdsdadisagie SERGESERSSEESSSge95555 SUEETESEEES SGGRRRSGSERGGR i i getsISIBISIs| 3 888 aesatsHHH SSGSGSeasssegEs2 ts‘Low-Income Housing Tax Credit Application For Reserva D, Operating Expenses "a —_———_ os —— 2. _— Hee —= = —— i = i ==: ie ore == Soeeer, = a == a == —— _— 1 Be —s = om — tec = Thesaece eo ——— = — a == =e == a == : — iiss ———e A — 5 Seyi = Somes = vets Phe in = ———— — Snide — sceeer =——E SET — es —— —— = eee om moe me am epee i i et i sua — = 2009 Page 16Low-Income Housing Tax Credit Application For Reservation B. Cash Flow [Annual EGTLow- Year) some Units rom (CT) I. Annual FGI Markt Units (rom C2) * I. Total Etective Gres Income - me Js. Total Expenses tim D) snr 5. Net Opeaing Income = S99 ls Toa Annual Debe Service (rm Page 21 2) sau 1. Cash Flow Available for Distribution = = Projections for iy -15 Year Projections of Cash Flow Siabined Yeart | Year2_| vear3_| years | _vears. "Ei, Gross Income s73,199| 384.570] 304,104] aoaows] 414,50] Less Oper. Expenses 198,000] 205,920] 214,187] 222,723] 231,63 ‘Net Income 177,199] 178,655] 160037] 181325] 192,518 ‘Less Debt Service 154081] 154081] 154081] 154081] 154081 Cath Flow Burs] 24576] 25956] _27244] _ 78,31 Debt Coverage Rat Tas 116 TIT Te ue Yearé | Yer? | Yeur® [Year [Year [Bil Gross income _ 243085. 457,143] 468.572 ‘Less Oper. Expenses 2ans97| 250,533 2mm] 281,814 Net Tncome 183,606) 184,583] 185.439] 186,167] 186,157) ‘Less Debt Service sags] 1s4ost| 154081] _1s408i] 154,081 Cash Flow 23325, 30,50] 31358] 2086] 2.674 Debt Coverage Ratio 19 120 120 1a Ta Yarn [_Yeri a ]yeris | Et. Gross income 50287] «92,2041 04601] 517216 530,147 ess Oper 293,088] 308,812] 317,004] 329.685] 32.872 [Net Income _ 137,198 187,482] 187597] 197532] 187.275 ese Debt Service ~ [ssi 08i —1seosi] 154061] 154081] 15808 Cash Flow 3317] ___ 33.401] __ 333516] 3.481] 33.194 Delt Coverage Ratfo 12 12 122 12 122 Estimated Annual Percentage increase in Revenue [Enimated Annual Percentage increase in Expenses 2008 2.50% (Must be < 3%) E0096 (Must be > 4%) Page 17‘Low-Income Housing Tax Credit Application For Reservation Vinl_PROJECT BUDGET. ‘A CostBasi/Masimm Allowable Credit Complete cost column nd bass columns) as sppropriat through A12. Chock the following ‘dpcamentaon Is atacod at TAB 8 (D Executed Construction Conte: (Executed Trade Payment Breakdown 1 Appeal 1 Otter Cost Decumeraton 1B Environmental Stats [NOTE Ary ope, ong ata igs credroan oh en foe coat an heii bass, type of ert and numenea eaeulatons hs Par Vl igi Basis Aga Coli pete ie Cae te wos Green Oke Saini Car | A onSietmpoenes | « B Stewor 7 o D. Uat soma Re — ol E Unk Simetes (Rant) | a F Aen Baling) a 3. Soucerel Parking Cae n KSeutas um iA.03 o Mi. alers Oven o ( 2055 contnod ( 6008 con |e 8 Geertz —— | —— Stl Sm K.P) 4025106 2 so 4.05306 A. Din er 000 ° 00 BB _Aphlgi Desn Fe zo a =| ae (“toon ni samo 0 « sa000 uas00 0 A 14910 2009 Page 18Low-Income Housing Tax Credit Application For Reservatio Tao Coop 5 TOOK CT ge aU pie Cl i Pret Vai Cie D) cod wayoat Weston ‘Ota "70S rome novemunein | Vas Co Orgs Fee (6. casa (0% tor 0 mots) ‘ei Daing Coin Sree Daring Conacton (oa Corision ee ales or Csiag 00%) ia Pent Lean Foss Monge Bakar Envir St SturneiMecere Sty ‘Aral Fee Saket Sty OpsringResene (aca Wome (GEEPAGE.194) Stott 24.2) SSNfROWOx EFRENEE (Goer Contr Cn 5. Developer Fes { Opnee' Acquistion Cats ina xing inprovenets ‘Sita # 5 TotatDevdopment Cost Sibi 3 srs sss9s200 poss —_ ——saar | seem, ssa 125500 aes Page 19‘Low-Income Housing Tax Credit Application For Reservation ao Cp HOT igi Baise Agee Ces.) ic sera Gi or hem con Wasi ‘Orew 0 esc (Reta or Adve Rowson) el ‘sional VIDA Ps 2,00 6 ® af o 7 a 7 3 a a @ — @ o a a 7 a oe 7 a 3| 7] = Sioa (ter Oveee Co) 20000 » so 0 2009 Page 19,Low-tacome He SSS rrr ni ——— i ete pl coe oe SRE 0) eo, favet Sequin cxsion Vine Ct Taal Develops Cos Site 3304 rman “ ° 591925 6 Rodis nigh mais ‘itr he owing |. Aro of fl ns) wed oan ‘galing developer cas B. Arpoun of engi osesous ning ©. Cass of onan ins hip uly © 0 6 (cece porta erat) . Hise ex Cre eset pron) ° ° ° 1. Tt gible Bass (5 minus 6 above) s26s ‘8 Adjsient) gible Bas Person gon css nee bs) (9 Fer arta LED Carian AND 60 Bons Poss ° ° (GhreQCr er DA igh Ba x 30%) o 2 ‘Total Adjusted Eigbe bass o 5969265 9. Appeal Fraction 0.00108 oct ser, 10, Tua Qualie Bass Same a Fart KO) o o 5909265 (Glgle Bass x Appeal acon) 1, Applicable Percentage am 2% 0% fa capi sn ty 09 pep ey) 12, Maximum Allowable Credit ender RC HO = 2 sane (Qs Bases Appable Perengs) I {Seness Pat DCC anda errr as TET bsamoun rue) ors 2008 Page 20Low-Income Housing Tax Credit Application For Reservation B. Sourees of Funds 1. Construction Financing: st ntvdualy te surves of onsrution Sung, ung my sch Yeas Sand ough grt sources: (Commies or ee) a eat achod ABT 2, Permanent Financing: List iaviualy he sores ofl permanent ncn in ote oflien pesion: ‘ose [Comments ret) fine tnced (TAB T) 3, Grant: Lisl gas provid forthe develops someotton | aysiita| Cmemen “Tot Peace rts {Comins rts) of inte tached (TAB) 2009 Page2i‘Low-lncome Housing Tax Credit Application For Reservation 4. oxo of ymca Proceed Abuse Hise Tax Cet "Arne Fede Nees $0 x avin % ‘sooo ‘Amouat ot Virgie es 30x gly % S00 ele (6 Egy hat Sponsor wil ud: (Cah nvesimnt 30 (Cnet tanaing oO tnt 88 Dafered Developer er ote ee ——=—T iy Teal 04.00 “Total of Al Sores (2+ BB ++ BS + BO) sor ot ating yaion sce eee Nore tx tes) Toul Devel Cou sere07 ‘ram VFA) 9. Lest Tt Sous of und Pe 87 ave) 296.400 10, Egle xp to be finde wa owsiname tx cai poweds steql DE-D3) 40307 {C._Syndieation nformation (1 Apical) 1. Acasa Aviad Na of Syinior Net Seber cy Se TT Tot oe iy cp wes of ea (eg ied pee) 5. uty et Per re eg 0.89 per aro ere) © Parcel of emmentip ent ep, 99% 099.0) 44 Nero mower enya ty wer ees Syeda cons a do VMAS (og vitor fo) 4. Netsmount hich wile med pyr Tel Development Cat (4) ted i Par VIILAS (eae amount Pat X03) 6. Anau of antares fr above mounts (ame amount Pat DDS) 11 Naty Far C5708 X 10) (came aneant as Part DD!) Must be oo tet ian 8% 75999 A Syptiaton Powe Psivate 9, overs: Cincviator Chearponte [sym conmitent reer fina sachet (TAB 2008 Page 22Low-Income Howsing Tax Credit Application For Reservation D. Recap of Vora State, and Local Funds/Any Credit Enhancements |. Are ny ports ofthe ous of ins deserted above ote deeoprent float dt rndketly ‘rh Feder, Steer Loal Goverment end? ve CX yes ben check te ype and isthe amount money involved, ‘Below Maret Lomas Mata Lams [i Tectenpt toads so] Teuble Beate 0 Tepsis SG Senn 200 0 Seton 21699) SF) Sextan 2101) $0 Seo 312 DF Sexton 221018) 0 1D seston 256 B.D Seton 236 “0. Dvia spancmeact SOC) Seton 2359 0 Dhow Rane | Oter $0 Borer a Dove s rans ‘rams (epes so Osi 0 Cusc Cle a Tote TAP Sa Taismeans gens he uae. Myo resved aoa Sano by oeliy whic eine ee ofthe sed grams pleas st inthe apropos “bean ee he ple rs pop leh ince 2, Subd ining: Wal ources finding pas. Documestatn Attached (ABT) 3. Doceany of ou founing have ay cet etanenent? D ve Wo yes st whch oncieg ua debe te eri erneeen 4 oer sebies CL Documentation Ataehed TAB Q) Setar § Rom Supplement or Rel Aasance Pan D TacAtasnen Tote, 5. 1eHUD approval rant of pal matregid! Ove GN For Transactions Using Tax-Exempt Bonds Secking 4% Cres For purposes othe 80% Tes cad sed enon the daa etre cis era reese eee orca are eet td 2009 PagesLow-Income Housing Tax Credit Application For Reservation 1X._ADDITIONAL INFORMATION A Extended Use Restriction INOTE: Each recpient of an allocation of credits wil be required to record an extended use agreement a3 required by the IRC governing the use of the development for low-income. housing fer atleast 30 years. However, the IRC provides tha, in certain crcumstances, such extended use period may be terminated eal, (D.Thisdovelopment wil be subject othe standard extended use agreement which permits early ‘ecminaton (tier the mandatory 15-year compliance period) ofthe extended use perio, 1D This development wil be subject oan extended use agreement in which the owners ight any ‘aly temimation ofthe extended use provision I waved for 28 additional years ae the (5 ‘ear compliance period fora total of 40 yeas. Do ao selee if XB is checked below. 1D This development wil be subjet oan extended use agrcement in which the owner ight to any earl termination of the extendod use provision Is walved for 35 addon year afer the 15- ‘year compliance period fora total of $0 yeas. Do not select if DCB is checked below. B. NonprofivL.ceal Housing Authority Parchase Option Right of First Refusal 2 After the mandatory 15-year compliance period, a qualified nonprofit as ideatife in the attached nonprofit quesionaite, or local housing authority wil have te option to purchase othe rightof fist refusal o acquire the development fra price not to exceed the oustanding Seta exit tines Suc ett ss be ne to ne eign snags) ess any relueing [sapproved bythe nonprofit. Do not elec extended compliance selected in IX A above (5) Option of Right of First Refusal in Recordable For Attached (TAB V) En(er name of qualified nonprofit: Virgina United Methodist Housing Development Corporation Cl A qualified nonprofit or local housing autbority submits homeownership pln commiting 10 fell the unt the development after he mandatory 15-year compliance period to tents whose Jacomes shall not exceed the aplicable income lt athe te a heir nial occupancy. Donet select ifexended compliance is selected in XA above 1) Homeownership Plan Attached (TAB J) ing-by-Bulldiog formation (Complete page 25 as appropriate) 2000 Page 24id i Hi ii Hh i se588 i H ie [HE hinanaasssnssall [} i ei LE ssnassssssnnsaill ally cinnnaassaiaaasll f i nal! am any mess sn pion yn ue pen aman eng pone na a ‘tome ne TRA AY TD A ST TToscar FE ff BREE ai wannniiiaaniaae FF He FEE PELE fey i asssssasessausedl ‘ fe [eet FEE | EEPEVEEEEEEIISE) i ft fe ‘ogee eases sna nen 204 po ge arene wea yn mR RGN Ne =O A saw ‘Tonange eros RT OR TYLA TTnome on Tex Crt Aplin For Roeraon . SSEECTSTETSE nett conf BA tng hn eset = i i Ur. m9 ee256)LLow-tacome Housing Tax Credit Applicaton Vor Reservation D, Determination of Reservation Amount Nee [The fatowng calclaion af he amount of gods posded i wbslanialy th sae as thecal whch il bo rade by MOA to deen. a8 rogue bythe IRC, the sou af rode wach maj be alocaled ft dowelopent Nowever HDA ta is rian ths ight suballe such nation aid assump eae detminad by VDA tobe reason fer lvomaten and ssumpons proved horen a costs (ntl cevapmen fee, prot, ec), seurcos fr unde | lexpecto eauty. wt. Accra, # Be development le slecied by VHDA fora rset of ered, he oun of Sh [reer mayor lricany hom he aman you core bean 1, Tot Devlopnen Cot (om VAS Ca A pgs 20) saree 2. Lae Tt Sourses fF Fra VALT pags 22) 3.09680 5. Bate Ee Gap sosnan7 4 Divied by Ne uy Poe VICT page 22) 159% (Orca ose dk eared bere wou feted) 5. Bu Tee Year rt Anout Nes» Fad ap S537 Dine en yes io 6 Bul Amal Tx Cee Reque © Fu he Buy Gap ss 71. The Maimin Alloabl et Ament ssn (om VIIA combined ae) (is amour mst be ual ormare thn be) 1 Resration Amount (sro 60" Tabve) hei per it 8953, Cet pr Beton a7 Fa er laedtery TAB W) 2009 Page 28Low-Income Housing Tax Credit Application For Reserv F. Statement of Owner ‘The undesigne herby acknowledges the fling 1. tht fothe bs ofits knowledge and ef al fit information provided erin rin conection herewith ste and comet, ad alexis are esomable. ‘2 that tall nes ndomnly and olé harmless VDA sn ses agi loss, ot, ‘dap, VHDA's expenses, andliniltes of any mtr dire or inde resaing om, rising ou of ‘relating to VIDA acepanee, consideration, approval or saproal of hs reservation request and ‘helssumce or nonisuance a an allocate of ces, rans andr loan funds i conection ret 3. tht poins wil be asigned ony fr represcnatons made hteln for which sisfitory documenta Is sled brew and tht orev eesettions may be malin coneton with his appt ‘once the deine fer apition bas pasted 4 thats aptetion orm, povidet by VDA to splat fr ax res nung al tons been resive oat, ret clealtons, nd detention ofthe amount ofthe crest ees to mae he ‘development Haancialyfesbl i provided only fre convenlence of VHDA in evlewing reservation ‘aquest ht compton bea inno way guarantee for th ces res th he amount ‘of eects apie fo as been computed in ccoriace with IRC resiremens th ht ny ations ten dscbing IRC requirements are offre only a earl guides an ot seal authority. 5. tht th ndetsgned is responsible for esring thatthe proposed detlopnent wl bs ome of used loncome bigs and tha it wl al espet still ppcable requirements of fea ‘aw and any othe rqulromentsinposed up it by VEDA pie leon, shold one be sed {6 th forte pups of reviewing this ppliton, VHDA senile Yo rely upon ereseniatos ofthe undersigned atthe inclusion of eos nelle bass and so alo the Mgues and calculations relave to the determination of qualified basis for he development aa whole anor each buling tin individually as wel asthe amount and types of ret applicable hero, bt that the issuance of rexevaton based on such epresetaton inno way waa hi comets or compliance wih IRC 7. tet HDA may request or equi changin the infomation submit hewith may subst is own Sgr which downs eonbl or any orl gues proved erin bythe ndesgned andy eee ees, any in an mous sigan een fo the amount epee 8. tat reservation af rei are ot rnsfrble witout ir writen sproalby VIDA ti sole deereion 2009) Page 27Low-Income Housing Tax Credit Application For Reservation 9. 2009 that the requirements for applying forthe credits and the terms of any reservation or allocation thereof are subject to change at ary time by federal or state law, federal, state or VHDA regulations, or other binding authority. that reservations may be made subject to certain conditions to be satisfied prior to allocation and shall In all cases be contiagent upon the receipt of a nonrefundable application fee of '$500 and a nonrefundable reservation fee equal to 7% of the annual credit amount reserved. that @ true, exact, and complete copy of this application, Including all the supporting ‘documentation enciosed herewith, has been provided tothe tax attomey who has provided the required attorney's opinion accompanying ths submission, and that the applicant has provided a complete lst of all residential real estate development in which the general partners) has (have) or had a controling ovmership interest and, in the case of those projects allocated credits under Section 42 of the IRC, complete 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 ‘that the information in this application may be disseminated to others for purposes of, verification or other purposes. consistent with the Virginia Freedom of Information Act. However, all information will be maintained, used or disseminated in accordance with the ‘Government Data Collection and Dissemination Practices Act. The applicant may refuse to ‘supply the information requested, however, such refusal wil result in VHDA's inabilty to process the application, The original or copy of this application may be retained by VHDA, ‘even if tax credits are not allocated tothe applicant, In Witness Whereo, the undersigned, being authorized, has caused this document to be executed ints ame on this 13. dayof Mi +2008, Legal Name of Owner: Emporia United Methodist Housing, LP. By: lis: “Vilna United Methodist Holsing Development Corporation, General Partner Page 28fsetaoa tb ns ued Sag ecm 8 ast snd bbe You tne epee Oar ts 5 acest sea Sorte wont ra sear ene) Ranta 1 Sree baw ere Seepn ee Py at [Serer ia 5 Recetas ey SE SSeS ernie apm xen 3, ‘crear == cs Reon [Shotomktpnm economy ean ah wom ae eIee fe ge ton eB Cray Se rere, ees eesees E oe weese asLocation Map£709 Sussex Lave, EmONS, VA -LOOEE MEEPS nup:imaps youre con uaapst-gansintce5_o—vimegae ey. Google“ trenciien (estan ‘Maps ott sri22009 7:49 PaTAB B (Partnership or Operating Agreement)AGREEMENT OF LIMITED PARTNERSHIP OF EMPORIA UNITED METHODIST HOUSING, LP, ‘The parties hereto hereby form a limited partnership (the "Partnership") under Title 50, Chapter 2.1 ofthe Code of Virginia 1950, as amended (the "Act, for the purposes herein set forth, and by executing this Agroement of Limited Partnership (this "Agreement", the parties do hereby certify, for the purpose of filing this Agrooment with the Clerk's Office of the State Corporation Commission of Virginia, in aceordance with Sections $0-73.11 and 0-73.17 ofthe Act, as follows: 1. Name, The name ofthe Partnership is Emporia United Methodist Housing, LP. IL Business. The business ofthe Partnership isto acquire, construct, develop, rehabilitate, redevelop, improve, inves in, hold, lease, maintain, operate and otherwise deal with certain percel of land containing approximately containing approximately 3.93 acre, located on Sussex Drive, Emporia, Greensville County, Virgina, together with improvements to be constructed thereon consisting ofa 60 unit apartment complex to be known as “Coventry Apartments” (the "Property"). The Partnership shall not engage in any other business. Ml, Principal Office. The post office address ofthe principal office of the Partnership, where records required to be maintained by Section $U-73.8 ofthe Act are to be kept, is at 308 Wakefield Drive, Lake ofthe Woods, Locust Grove, VA 22508. The registered ‘agent ofthe Partnership for purposes of the Act is Hugh T. Harrison, Il, a resident ofthe ‘Commonwealth of Virginia and a member ofthe Virginia State Bar. Mr. Harrison's business address is P.O. Box 1320, 1021 East Cary Street, Richmond, Virginia 23218-1320. The sole ddury of the registered agent is to forward to the Partnership any notice that is served on him as registered agent. IV. Partners. The name and the business address of each ofthe General and Limited Partners, and the percentage of ownership inthe Partnership by each such Partner, are a follows: Original General Partner: Percentage of Name Address ‘Ownership Virginia United Methodist P.O. Box 698 0.01% Housing Development Corporation Locust Grove, VA 22508Original Limited Partner: J. Robert Regan, Jr. P.O, Box 698 999% Locust Grove, VA 22508 V. Term, Dissolution and Winding Up. The Partnership shall continue until December 31, 2060, except thatthe Parinership shall be dissolved, and its affairs wound up, prior to such date upon the happening of any ofthe following: (2) The sale or other disposition of al or substantially all the assets ofthe Partnership, or @) —Theretirement (which term includes the death, dissolution, adjudication of insanity or incompetence, bankruptey ot withdrawal for any reason) of a General Partner, unless the remaining General Partners or Partner elect to continue the business of the Partnership pursuant to Paragraph XIII hereof, or @) The retirement of General Parner if no General Partner remains, ot (@) The decision ofall the General Partners to terminate the Partnership. ‘VL. Capital Contributions - Capital Accounts. Each Partner has made capital contributions to the Partnership. A capital account shall be maintained foreach Partner and such account shall be adjusted foreach Partner's share of all tems of profit and loss and distributions ‘and each Partner's contributions tothe Partnership. ‘VIL Additional Contributions. No Limited Partner has agreed to make any ‘daitional capital contribution. Except to the extent required by law, no General Partner shall be required to make any additional capital contributions. VII. Returns. No time has been agreed upon forthe return of the contributions of the Limited Partners. IX. Profits All profits, losses and distributions (including profits and proveeds from the sale or disposition of all or substantially all Partnership assets and all proceeds froma refinancing) shall be shared by the Partners in the ratio which the capital conteibutions of each Partner bear to the aggregate capital contributions ofall the Partners. Ifthe Partnership assets are = Ccepsnertaues ——caepar Howe LP " ts moot " Vwoeage VA Lind Pater a Meson ots no nig at y ts Aon awanor N Jone Ey Agsamenis Bcd United net ¥ a wor tase arate va owen, 2 " Emch Gasp Manor Asha Brany y fo gos 208 " Scprena va Gri Pe ‘0 Jason Rogers Plana Untes ¥ 198 odeoer net at "Siten Previous Participation Certification VHDA Dereon ane Name! Appicant eroais Unie tou CE Contling Gener! Paine: ‘gris tnt etc fewna Eten Capen INSTRUCTIONS: 1 This cesffcoton mus be gna by anal wha eis xdhorzed fo act on hal the Contig Genesat Parner {tL ° Managing Memb [LC] af he Anica desgnatod nha Apptcaton. VEDA Wil accopt ‘en auihemoton cocumert whch ges sgnatry autores 1 sgn on Beha fhe pinclpoh. 2. Atloch aesume fr each pincipal a ne gansta parinertio (6 oiirited fbily compery {.\C} and an ‘xgoruation char fore res ponersip Pl ond IL A Schedule As equked foreach principal ofthe 1 Fereach property ied or nom comfonce jours loose ailach a detailed exscnaton of he nate o he non ompsance, stalng whother rot hos boa escNed. §5 Te Gote of hs carticcion must be no mse than 30 ays por swoon of he AppCaon, Fase to dicot infomation about properties which have been found be out of comptance or ony motrli- representations are grunt election of on aplleation end protbtion agains! ue apoticatons. DEFINITIONS: Fore pupoue of his Caticaton the folowing defnton shall opi _Develaament shot mean the Froposed muta ental neusng development ented bore Participant shal meen the pnipas who wl paricpcie inthe owe of the develooment tncial nel mean ony aeren (nekina any incu en vente, parintip iod bly company Corperton roa xganaaion rut a anyother pubic or pvate en (wth expec! othe propose “Sevelopent wil own or paricpate nthe owners of he proposed developmen: cl] win expect fo an ex ‘hullomy en loc, has owned parelpated inthe onneshp ouch poe, Os ote fly descrbe Faretbelow. The pason who isthe owner of fe pepored development of mula eral projects conscereco Deion. n dolening wheine any ther parson a palpas tha folowing gidesnes at gover |. inthe cose ofa pariasip which isa pincipa whether asthe over or oer} panera parins or ao Considered pincpak gor of he percentage niet of he genercl parner 2. Inthe coxe ofa pubic opiate caporation or araneation or governmental nfl hota picipe (whether tha mer orofhewte) penctnok a eke the president, vice presen, secretory, ond Yeaster ana Met ‘offce ho ee tac fesporato fo tho Boor f recto or any equiveiel govering body: wet aso ‘Skectoror cher member of he govering body ond ony slocenaist having a 75% or more Pies 2. Inthe coxe of atin toby company {LG hale pxincipa whether 0 he owner or othe. memes ‘e.o considered pncipak regardless of he percentage iferest of he member 44 Inthe cave oft ot sna (whetneros he onner or eho) pasons having 025% or move Denese ewneap resin ha asso sch st 5. tatne ca of ony other penon hats pscipa ethos the owner eth). posons having 3 258 oF ‘mote onmestip into! In such ater peson ae cso corte pncipa ond {4 Any paxon that recy orincrecy conto tha the power to canal appa sha bo be considered ineptCERTIFICATIONS: ney catty ar a the stolewants made by me exe te, complete end conect othe bes of my knowlege ond ‘bef ond ore madein good Tah incluarg ine Jato confined nScheose A and any sctemens lochs tos ‘ericson. 1. Huther coy thot er the period bearing 10 yor oro the date o ths Cesileaton: 2 url ony ime that ony ofthe parcipants wee prncpal in ony mtr rena pxject no peoiect hes bos forecosed yon, no marigage hos ben in cet ossgned othe mexigage inset goverment oval noe hhasmergoqe rete by nerorigogee been vere ». ing any me hat any of he paricpants were pencpalin any matory rental sec. there hos not been ‘ony brooch bythe owner of any ageerrenseaing foe Costueton cr renouiaon, we, operon, ‘management or dsposton of he project: Tote best of my ina, hee oe no uveslved thos tod o oes of ste or ocr cus ‘mansgemen! revi or othr governmental westigation cenesming ary muttamly rent prjectinwich ony Othe partelpants wore panels 1 Duin any fe hat any of he parcipants were sncipalsin any milo ental pect, hers has not besn @ Sxsparsion or ternation of poymens under ony sate: feera ossionce contac Torte proc 6. None a ne patcipants has been convicted at felony and snot presto ry nowiodge the subject of a ‘Compliance charging oflon. Alon b detec ery ollorse punthabia by mersormon! 2 ‘em exceecing one your, but doesnot nude any offerce casted as @ misdemeanor undo he aw fstcte ‘ond punsabie by lrptsonment of wo yeas oes 1. None of ne parcpanis nos been suspended dabored or chen estict by any feel rte ‘Sovemenialeniy tom deng buns wih sven gowarmentol eat an {. None of ne paticipants nos detautet on an obigtin covered bya surety operrmance bond and has not Ron enue of echa under evompioyoe Ply bonds 2. tuner cert mot none of he patcpont a Vigna Housing Development Auhorty [HDA] employee or member ofthe mmediate hauishaks of any ofS employees. 3. Murer cet ht none of the parpents is parpating athe ownestio of « mutant eral hesng pct ‘rotted on whlen consnicon Ror Hopped ior pod xcess 0120 days ot nthe cosa oa muliony ‘eolathousng projec esis by any federal ate Governor ey which hes boon substontaly ‘emptied tr mare thon 90 doys bu for which rogue documenis or chosing, such os heal cost ceeaton, ‘howe not been Med wih sich goversmectal ray. 4. tute cont that rane of he parcipans hes boon found by any facut goverment niyo court 10 bein roseomplones with any gopleable ch igh equa mploymant coparunt ora hous Ws ce regulators. 5. Huth cory that nan of he porcpans wos a sncpalin any matty rena project which hos been found 2 any feo sta govermanta snily or cout to have fled fo comply wih Section 42 of he rire Revenue Cade of 1984 or omen, ding he pod of fine nwt he prspant wos nepal such 4 Statements cove ff ony} totic cane! cory have boon deleted sik ovgh the words. ane case ‘fany eh deletion, nave atachad a Wve ond accu sotemert fo expan ha ;oovant ts ond WARMING: FHS CERIIACATION CONTAINS ANY MISREPRESENTATION OF A MATERIAL FACT. THE AUTHORTY MAY REJECT THe APPUCATION FOR LOW-NNCOME HOUSNG TAX CREDIS AND MAY PROMIITIHE SUBMISSION BY THE APPLCANT OF [APPUCATONS FOR SUCH CREDITS INTHE FUTURE.‘le rast be no more than 30 ays rf submision oft Apptccter) ‘chet A sof Al Yx Cre Developments Each inp hs Ceteaon Ccomeste te otnin, sing pale page os needed eachrcpa th ak Sevacpents Re nove ‘ecevod alocatonsafiocceaunde econ fe Re sabataaen rate trend ae Senet | tot honston wn Jrorectowrenspsanyani} Patrat | bev. |income| races | ans ue] fxr nt nds | "ra: [save gone “ae” | eve BRDDZSSHERREERESVESEREENPrine Nama J. Rober Regan J Contoting GP. Proposed Projet(Yors) 8 nmlprtore Samet nce Ey etg Cates Meacove Atenas Motos " Shoroson Nw Ces Petros anes esowe At Crane eave " tnt "re Perente Waningen Movs Shemartn so N Coutoue See For Comtouse " Sean tows t's Cupar rowse Gage Howe LP> " Gaeoer a” Sofsoreaca Meadovorok Ale Lynch Unted Matos ¥ bin any owinent Sec Unt etodet Y “ees Sioordesa Seva" Geis eee Jme eter Plonrg Une Y Perna. va Moder oo, ee oss 3s crate 8 3 nwTAB E (Nonprofit Questionnaire)VHDA Nonprofit Questionnaire Parl, 1SVACIO-1804f, of he Quaifed Allocation Plan (he “Plan” of the Vigna Howing Development Avsborty (le "Authoriy" for he alleen of oder low ince Bousng tx ees (Cred avaable unr 2 ofthe Intern Reem Codes amended (Be "Code" etal cri quent or esving Credits fe the [Nonprofe Pool esablihed ender th Pa nd antag pes for prtipation of «nonprofit erganization in the deveopment of guid low income owing, Answers to the flowing quosions wil be wed by the Authority in is evalunton of wheter or not an sopicant ect sch equement (ach aldol sheets as necessary complete ech uti. 1. General Information, 4 Namvofideveopmens —_Covenry Apartnents 1b, —Namcofownelapplioa _EmporaUned Meth Housing LP & —NameofNomprofteatly:_Vigia United Meth Howsing Developent Corporation Adress of inci plac of business of Nonprofit ety: 308 Wakefield Drive, Lous Grows, VA 2508 Indies fnding source and noun used pay forofice space: _Funds come from developer fs fo ta credit poets. None suse py for ofc space 8 Taxexemptsams: some) XC] sove) C5016) £ Dao ofegal formation ofNonprofit 8729/15 (st be pret applision dedlngs veaced bythe fooming documentation: Cenifeteo ncoporaion bued by Vig Sars Copan Commision & _Dateof RS 01(0(3) orSO1eK4 determination eter: _87182 (ete porto appiion denne and copy mst be thd) 1h. Deseribe exempt purpsss (aust inate fsering of low-income housing is tics of inoyporaton) “To pove homing for lw end made income ames i Bape in year) of Nogrose: _ Pepe |i Bap sh angte ture stvs ofthe Noro ver th net five yea: Tovcntas providlg housing or wand moderate neome fis 108 Page tofNONPROFIT QUESTIONNAIRE, continued How muy ful tine, pid staff members docs the Nonprofi anf appiabe, any eter mops ‘rpms (Reid NoapofleY of wich the Noni subi ot which he Nomposes ‘terse related (by shared deters tft) have? None How my prt ine, eidsafTmenbes? 2 esrb the dies fall safF nono {Rober Rez, ri ie raider ain rans sth account 1. Docs th Nonpot share sf with ny ther ett bese Related Nonprofit described abore? Dives" xCINo Iyes,exphinin detail 1m, How many volnteers does he Nonprofit nd spp, ay Related Nonprofit ave? Apgroninitely 100, They emi of volutes enters of uc where owing poet af ee What arethe sources and manner of finding of th Norpro (You must close al fancilanl the eangennts with any individ) rer proc en, ecladiag anyone ray entity eld, ‘irs, inact, to the Omar ofthe Develop The noaofitrctves lined developer fs rom th hosing project ithss developed ©, Litall decors ofthe Nonprofit, tr occupations, thr ng of sve oa the bar, and their ‘esdetl wees: lenses taco it 2 Nonprofit Rormaton, ‘plan in death gnc ofthe formation ofthe Nonprofit: _Thenonpuitwas formed in 1975 sponte recommendation ofthe Four of Chrch nd Soe, a Noa of he Visinia Metbodist conferees, i 1. Istbe Nonprofi ors ever been, flied wth or contre by afr profiel or lacal busing sathoriy?” C1 esx C]No Ives, exp in dea Hiss ny for prot rganiation or acl hosing outer (incading the Ove of he Developme oat entre pre cay advil or ny ety ont reatedo such Ovo) poled any Sineo the governing bond ofthe Nonprofi? L] Yes XL] No yes, expla: ‘00 Page 208NONPROFIT QUESTIONNAIRE, continued 4 Doss ny forgot rizaton or local hosing authority have te ight to make such ppinimens? Ch ves XCINo "ifyes, xan © Doss any forgot organization local hung auth havea ther fition wi te Nonprofit or ‘be ay oer radonship wit be Noni i which exerts ras be igh exces any chet ‘ypeoteanmel” (Yes XL] No es, expan Was the Naproftfomned by any indvida) rf rose fr he principal purpose of eiag lncade inthe Nooproi Pool oe eeiving pola for napa parlpaton we he Pla? (Yes xCINe & Explain in death pas experience ofthe Novgroftinctaing if apical, th past experience of any ‘ter Related Nonproi of which the Nerposs asus orto whic the Nonprofi is tbervie ‘elated (y shred eco, safe). _ Thonompoft has bl ‘med and slow ad moderate income fans, al has encouraged Wesley Hotsing Corporation of ‘Northern Vipin do ie se. The nonprofit has developed Seaton 202 propries eed x red pies — 1. _1fyouinstude in your answor to th previous gusto ination concerning ny Related Nanri, __Waltbe Nonproft om 100% ofthe snealparineshipintereslowning entity? XE] Yes [No Io ether 3a or Sai sove, special desrite the Nenrois ownership interes 1b. @ Willie Nonprofit the managing member or managing general partner? XC] Yes [No yes, wire inthe partesipoperating agreement this provision spell referenced VA (Wille Nonprofi be the managing member oe ow mae tha 50% of be general pare inet? xU¥e CINe «Willie Nonprofichav he option orig of istrefi o purchase te proposed development athe xd ofthe compliance period fer apie nat to exceod the oustanding dee and ext uns of he ferprobt ently? XL] Yes L]No Teves, where inthe parashipteperating agreement thi provision specially eleenced? Pangagh XVI XC Recordable sgeement atachot tothe Tax Creit Apion ae TAB V eno at the endo the compliance pero explin bw the dpi ofthe asst wl be seucre: 110 Page 308NONPROFIT QUESTIONNAIRE, continued 41s theNenpott materially preptngrepuar, coninuous, and substan partition) in ie neato rrebliation sl operation or managernent oe proposed Development? XL]¥es No Ityes, (©) Desebe the mature ad extent of the Nonprofits propose involvement in he onstton or ‘Rbaton ofthe Development. ‘The gonprfe wil hire and wipers the art and he gee contactor, aad al ne only ruses, and oversee ems con of he ene project (Deseret nature and extent ofthe Noopeo i volvement inthe operation of management of the Developmeat throughout te Extended Use Ped (he entire tine peri of ocean eto of {telovelcome nis inthe Deeopme): wil ie and supervise mageen ge. (Gi) Wil be Nooprivet in its ove interaction wih the development ore than $00 hous anmaly tothisyemure! Vex XC]No Lye ‘bv the anual Boor by activity and staf eponible and expan in deta: “Thi isnot practical or fable, The management goat shied io pene this sve © Expltia how th ida forthe proposed development was cneeved. For xan, was itn response oa eel ete by aol eightorhood ou? lea goveramea? board membe? housing ne a? “hid pry constant hee? — Rev, Regan th resin of he non constailyoning fre Torsow projec and band ie [ut shed ound slr se foe projects ne past. {Lista general ystnertnanagng meters ofthe Owner ofthe Developmen (oe asthe the Nooo) se Gerald percontages ofr neers The none wil own 100% i the general pares iets _Ifdisisajoine vee, (the Nonprofits ot the sle goer arcmin member) expla here ‘net’ oft jon venue partes volvement inthe constuction orreabiliation and ‘Sperone management of he proposed developmen. “This iets jit vere 1h. Isaforproitenity providing development serves (exding architectural, ngnerng. el nd coun seve) othe proposed evelopment? XC1 Yer L-]No tye, () expan theatre ad extent ‘ofthe cosas involvement ine constucioaerhablaton and operation or asageest ‘he propel eclopment _Bagin Cook, Pride’ of Cy Morag Coprton has prepare te tx ret aplcion,hewl Tr i yodtin, and ar mong hr sage e conain sn pemanet Gansan “Thre ian orl agreement with Mr. Cook fortes servic. (Gi) expun how his elatonhip wat eablsod. For example, i the Nonprofi sot proposal fom evr eof? Dit foro cotat the Nnpit and fer the services) Mg Cok and Rev Regan hve inaw each ote ne 1985 ——— NONPROFIT QUESTIONNAIRE, continued 09 Pog 48Will the Noopoft orto Owner (enfin th appa) pay a lst veture parmeroconsuant ‘ee for providing development services? C] Yes []No.Ifyes explain he amoutt and source of he finds frsich payments Me Cok wil provide intel development servis. i. Willy orion afte developer fe whieh the Nonprofi expect eal hm is parison in theo | evelopment be vedo py any const fe ray lhe oe to rd party catty roi vente panne’? L]ver XCTNo yes expan a dtl he aout and ing of uch payne ,_Wiltejoint votre pare ofr profi consist be compenstd (ceive come) in any other manner, sschas bile’ prof, weer nd engineering fs, orcas flow? C] Yes XC] Noyes ex: 1. Willany member ofthe board of decors, fcr, or staff member of be Nonprofi pate inthe develpment dor operation ofthe roped development nny fee-patcapacty? 1 Yes XL]NO yes, expan: ‘m, _Diselose any basins or personal icing fay) relonships th any ofthe staff members, eto or ‘ter racials volved in te formation operation of he Nonprofi have ter del or nel, ‘wth any pesos or cats invoed or fo be ivoed inte Development na fx promt bss Tbcuding, bat ao miedo the Onno the Development, any of for prof general parte employers, lined partes ray cer pares dealer inde elated stch Owner Tone 1 TetheNonprostavoviag any oc, community based nonpotegzniations inthe development le and operon or ova of eaves obs developmeat? | Yes 24] No fy, pain nde, ‘ding the compensation fre ter nope 4 Vieni His be Vigla Ste Corporation Commision suthrizad the Nanri to do business in Vii? XLT Yes LINo b. Define the Nonprofits geographic tart rea or opus io be srved: Allo Virginia 109 Page SeteNONPROFIT QUESTIONNAIRE, continued © oesthe None or, applicable, Rela Nonprofit have experince eving the community whee he ‘roped develops oe (acading adver evelopment, management or Fiction buat ited hosing nies)?” ves ]No tyes orn0 explain sie extent duration of ay sevice “The nono servie allare o Vingins lang is comma, and WHT conte soning Vi srtisinbuines 4. Doss he Nang’ ty avs or board resouins provide formal proces fro nee program ‘fics o avi the Noni on deg, loot of ses, developmen snd managers odsbe owing? C]¥ee XC}N0 tyes, oxi: © Hasthe Virgina Deparment of Agriculture and Consumer Series (Divison of Consumer Ai utnorized the Nonproto sol coctrbutionléonations inthe rpet community? Wes X(-]No Dots the Nonprosithave demonstrated supper (preferably Hani fm abled orsntzations, ‘astuionsbaraesres sd indvdnl inte age commun? [] Yes XLINo es, expla 12 Haethe Nona conducted any moines wih neighborhood ive, o community groups anor tenant ‘eenlton fo deus the propos development en soit pa? ] Yor XL] No ies, sabe the ‘ewig dass, meting lations, umber ef endes and general ienson pons: Areata 23% ofthe members of the board of directors rpresettives of the comm ‘ing sovea? [] Yes XC] No. Iya, (low-income residents of be community? C1 Yes] No (@ lected eqesentatves of low-income neighborhood egaizntons? C1 Yer LINO i, Aron more than 33% ofthe members ofthe board of ctr epresetatives oh publ tr (public lal or employees or tase apposed taebaudby publica)? XLI¥es LINO | Doesthe board of ctr regular moctings which re well tend and accessible tothe wget communi? XC] Yer []NoIfyes, expla the mecting schedule: ‘Meetings arched evry 3 months atthe ofc ofthe Vigna Methodist Conable AT, VA Hae the Nonprofit rexved a Community Housing Develmeat Organization (CHDO) designation, os detned bythe U.S. Deperton of Housing ad Urtan Development's HOME regulon fem the state aoc paring jutscicion? L] Yes XL No ‘08 Page sotNONPROFIT QUESTIONNAIRE, continued |, Hiss tbe Nonprofit heen var sto ll finds fo the purpose of sporting overhead and epeating expenses? [Jes XC] No Ifyes expan in det: 1m. Hasthe Nonrstboen omally designated byte local govenmeat the pnp communty-based onpoft hosing development organza fer th sels arp ae? [] Yes X(L]NO yes expla Tis the Nonprofit eve appli fr Low Income Housing Tax Crd fo development in which it acted as a jin vette prter with a fargo eny? XL] Yes [JNO If ys, ote each sus applation Incadng: he devlopmest name and locaton, the date of aplication, the Nowpofi’s role and marin sas inte development, the ane and principals fhe ota venture partes, he ame and princi of the ‘ene corr, the name sad pani of te management en, the rsa ofthe apletn, sd the ‘Stents of development). ©, Has he Nonprofit ever applied fo Low Income Houslag Tax Cros fora development in which tated a {these poner partaeimaniging member? XL] Yes) No Ires, ote each such development ineling the mime an lean the da ofthe appli, the reat ofthe pian, andthe caret sts of te ‘evelopment. Sezatnchmest p—Tothebest of your hs this development ora salar dovlopeat othe same ste ever reccved xcs tore? [] Yes XL]NO. Ie expla: | HHsthe Nonrost been an owner or applicant for a development ts a recvedareseration na povous spp mete Vig sng Patent ore VEDA Hot Fas "Yer XL]NoIfyes expla: 1. Has the Nonprofit completed community neds astssnent tht no moran tes years ol adh, st non, Seniesa of te defined eget e's hosing needs and resource? L] Yes XC]No yes expla he ed Mentied NONPROFIT QUESTIONNAIRE, continued ‘100 Page 70f85 Fas the Nonprofi completed community pln tt (1) eines comprehensive sratey So addesing Sdentifed community Dosiag needs (2) offers ade work pln ad inline for implementing ‘he sratey, and () documents ta tenes assent nd competensive sae were deveaped ‘wt the iu possible pat om te urge community? -] Yes XL NO yes explain th pln: § Altachments, Documentation any ofthe above need not be submited ules eqused by VIDA ‘The undeignt Owner and Nonprofit hereby cach ceify tht, to he best of is knowled,allof the foregoing information is eompec and accurate. Furthermae each erie that no ater has ben wil eae circumvent the requirement for nonpoftparcpatian canaind in the Plan o Secon 42 of the Internal Reve ose Dae st309 pera United Meth Housing LP (Owner Applicant Be 4 i oe et, Vig United Mendis Housing ‘Developent Corporation, ‘Virginia United Meth Hossng Development Copaation Date 511309 ‘Nonprost w A hepa hlazany ‘09 Page sors,VIRGINIA UNITED METHODIST HOUSING DEVELOPMENT CORPORATION ‘BOARD OF DIRECTORS ‘@008-=2009), ane aes ‘hoe Naniber [Tem Espire Rav. Raber Regan, Ir, | LO. Box 8 GansresaT Poort Presiden Locust Grove, VA 22508 Di Tees G.0'Oian FO. Bor 1705 ONBOARD | OTT ‘Vico President Chester, VA 23852 Rev. Clyde Naki, Se S8a7 Wasi OH Moana Read | GAO) 967-9955 | 31D Tresoure Louis, VA 23093 ‘i Raber GF TiO Ball Road Gaya | 0 Sesreary Fredercaburg, VA 22405 Mi Rober Baa ‘362I5 Green Lave Road] OST ROSS —| BOTT Wakefield, VA 25888 ‘ir Keser TST Draknood Road | (80H) 37B.0870—| 300 Miehian, VA" 23113 i Vigil Dasiar TROT Crs Timben Tail | G40) 366-5350] 007 Roanoke, VA-20019 Wi Lary Dickenson ‘iOT Haband Rad, SW aay saeaT | BOT Roanoke, VA 24018 "Hon Wild Dolan, Fr Box 3eBir ona — aa Richnond, VA 23261 Reverend Ereat T. Hemdoa, J] B99 Sey Road ONTOS) 3OE SGT | O09 ‘Manassas, VA 201104728. | (H)708) 79-4060 TT Mato aU Tare Sec ‘ayaa Tea | 3005 CClpeper, VA 22701 Reverend John T Ma Je | FO. Bax 345, Patrbare | (O) (WD) 7D —| SOT 2340s 2538 (204) 732 320 ‘ie Rana Wee "5 Coe Road (G40) 0-785 — | 2009 ‘Goodview, VA. 24095 Reverend Cyde T Neon] 306 Annals Read Tay aaTST [2017 Falls Chure, VA 22082-2434. | (0) (03) 237- 3344 iz George String, S| 7929 Truman Hl Road (0) TAT -0GD | 2OTO Hardy, VA 2410 Tir Tamas pom SOIR Powall Grove Deve |) HOE | TOIT Midian, VA 25112 (© (@oe)267- 8510Princlpare Name ViginlaUnted Mathai HosngDnvlopment Corporation Conroting 6.P. of PropotedProjet(Yor¥) —Y Dwvlpret Name Nase Oneemne Esty Conotng Teal Unts Pasian a0 toaeon Pre ante SEYn? ite” Eevee _ Sate or Hanoy House Semple Unie abet oko Scone” Feahg LP e emansaias Gg etch Y 2 cnts Este Mourn ets Loe Motta " s0ans99 Decanter Wososesvn* aan = ‘0 ‘Garon ence fos Cranes Means " et aases sos Sarcaon war etary a Nowe ‘Grates Mesos Als Cranes eons " 5 amin ono Shateons ta" Greed prmesp 2 \wenhegtn ers Shemaren 9 6 @ rams anos seer Sl S ‘Serra vm oe & poms npr LP> " te mae Frosensanug. vA Stsorbace " fm weasconk — Cahe a emanate Manan Lc " ee ee) asonsrok Ao yeh Unies Nba y 1 pte anzeor cena” ia @ okay Aon art ied ett Y 7 anor ass Sooovon vA © “-VIRGINIA UNITED METHODIST HOUSING DEVELOPMENT CORPORATION RESUME President. Virgins United Methodist Housing Os 4 Robert Regen. J ‘When Noah began to built the Ar, he believes he was doing It a the command of God. ukewise, when we provide food forthe hungry, thing for those who need tobe clothed, drink for thse wo ae thisy, or shelter fer these who need housing, we are doing so because God has commanded us to perform such acts of love and caring in Christ's name. (On September 14th, Virgina Unted Methodists responded to God's call by dedicating the 12th residence developed by the Vigna United Methodist Development Corporation CVUMHOC) con benalf of people of ow and maderatefnancal means. Crested bythe Virgina Annual ‘Conference in 1975, VUMHDC has, forthe past 30 years, sought to encourage the development ‘of more affordable housing across the Comonweath. And ithas sought to ull these projets ‘hroughout Virginia so individuals an families of lon and moderate ncame woud Nave adequate housing to meet their most basc of human needs. “The Rev. 3. Robert Regan, Jr. has been present ofthe Virginia United Method Housing Development Corporation (VUMHDC) since e was chartered in 1975. He rtd from the active pastorate In 1994, He now serves part-time 2s one of the pastors atthe Lake of the ‘Woods Community Church Me, Regan sa graduate of Duke Universty and the Duke Divinity School He served ‘churches as pastor in North Carolina and Virgil ~ hs lst fulltime appointment before rebrement, was the Fredericksburg United Methodist Church Married to the former Jeanette Leonard, Mr. Regan has four distinguished children and she remarkable grandchlirenled within a Month Asbury Manor, a5 ve have named this venture of VUMHDC, was bul wth a grant from the US. Department of Housing and Urben Development. Sa when residents began f9 move in, the faity wes skedy paid for. Constructed by Hamel Commer, In, In Spetyvania County, the 40-apartment projec for senior zene was fly acupied in less than @ month, whic ony serves to accent the growing need for mere aflordabe housing, especially rong Senor adults ‘Asbury Manor, Spotsylvania, Virginia +40 Apartments for Serr Adults = ‘Madison House in Leesburg was the fist apartment complex but bythe corporation and Is one ofthe better equipped faces, serving the residents of some 100 apartments. Te has an atrium inthe center o the complex that extends up through thee Aoors ofthe project, @ Norary and two community reoms. Understandably, there are never more than fe resident ‘changes each year since most ofthe residents find the Madison House a place they enjoy cling home. Madison House, Leesburg, Virginia ‘100 partments for Senor Adu »Epworth Manor in Louisa is rames after the small Enlish town where Joa Wesley, the father of Methodism, was born and raed. The senior adult faclty has 61 efcency aed one bedroom apartments. Most who move Into the camplex begin in a efcency and move Upto @ ‘one-becream uni when one becomes avaiable, Epworth Manor, Louisa, Virginia +51 Apartments for Senior Ads» ‘McKendree Manor in Falmouth of Stafford County has ony 23 apartments and a small community room, Sut doe let the 526 fool you, This tle complex ils is meeting area ‘regulary with worshb, Bible study, and other meetings of intrest tos residents, Ts named ater Wiliam MeXendree, a Vrgnan fom King Wiliam County who was elect the fist American-born Metiods bishop. 1+ 23 Apartments for Senior Adults»\Witiam Watters House n Sting Park, Loudoun County, is named forthe frst American-born inerant Methocist circu er, Buried in McLean, Vg. Tt has 91 apartments for seniors and incudes a large meting room and a very active tenants association that regulary holds a variety of activites in the room. William Watters House, Sterling Park, Virginia ‘+ 1 Apartinents for Senior Ads» “The Mary Hardesty House in Beryl named fr an outstanding United Methodist woman in Clarke County who served as a publc health nurse for many years. Te contains 60 ‘wo bedroom apartments which ae ideal for senior coupes. Mary Hardesty House, Berryville, Virginia "60 Aparoments for Senior Couples =‘Springhill village Apartments in Staunton was purchased by the carpraton after they had already been in service for more tan 20 years. They serve families but have senler adults In many ofthe apartments. Purchased primary to preserve affordable housing, such facies, serve as a model for future purchases across the Commonweaith to ensure that peope with ‘modest means wil stil have affordable places to live in thei local communities. ‘Springhill Village Apartments, Staunton, Virginia 1108 Apartments for Faies = AA7-apartmentfcity, Frederick House, Is located in a planned community east of ‘Stephens Gy in Frederick County. Frederick House, Stephens City, Virginia +47 Apartments for Senior Aus» Millpark Terrace in Fredericksburg has 126 apartments for Seniors, Culpeper House in Culpeper has 154 apartments for families, Goodson Manor in Farmville has 23 apartments for Seniors, Germanna Heights in Orenge County has SO apartments for Sentors, Pater ‘Cartwright in Exmore has 45 apartments for senors, Courthouse Seniors i Chesterhas 69 apartments for Seniors, farily projects for 50 In Weodsteck, 126 in Charlestown, W.Va, and 50 in Martinsburg, W.Va ‘The corporation has bul sic group homes for mentally retarded persons in South Hil, Rocky Mount, Spatsyivana, Stafford and Caroline Counties, and inthe Norther Neck. Each provides, living accommodations forfour to ten indvcuals, They ere managed by the local Cammunity ‘Service Boards, which offer residents supervision and opportunities t Work, ‘Areas Targeted For Expansion ‘A seniors project to provide 60 units has been butt n Spotsyvanla County called Enoch George Manor. Aso, nen Senior projects wil soon be started In Culpeper, Staunton, Blackstone and Louisa. Anew Group Home for Mentally Retarded wil iso be built soon in Rocky Mount. The Board i attempting to buy and rehabilitate projects already opersting and vil soon on the 150 Meadowbrook units for Seniors dn Lynchburg and 40 new apartments for Seniors are underway In Woedbridge, ‘reams for new projects include Front Royal, Orange, Elton and Isle of Wight Counties, 2s well asthe Eastern Shore, Boyton ard Chesapeake. Who knows bow many more projects wil be bulk? Its amazing what can happen wien you begin to take seriously Christ's admonition to provide shalter for thse in need. Some may think the tak impossbl, but nt thst what Noah's neighbors thought about his endeavor when he picked up a harsmer to bul his own impossible cream? Inthe modesn word of escalating housing costs, God calls for us to bulls an ‘ark of compassion soothers can survive.TAB F (Architect’s Certification)SaTea VHDA INSTRUCTIONS FOR THE COMPLETION OF APPENDIX F ARCHITECT’S CERTIFICATION (This Form Must Be Submitted Under Architect's Letterhead and included in the Application ~ Tab F) INOTE: ttre development nds any combiton of New Construction, Rehabltaon and [Adepave Reuse, thon separate Ache! Cerfeatone must be provided fa easn constuction ype ‘Tne propar completion ofthis certification cial to calouata the average un square ‘eat and net rentable square fet of each unt type, to document amenity items for which points ‘wile awardes, and to calculate cota clement of the efclent use of resources pons. If this cartesian s not completed comet there may be oes of points or isqualificaton ofthe application to compete fr tax ordi. If this development receives an allocation of tax credits and items are not provided as indicated on this certifeation ten VHDA may, at ts eole option, require mant by the Owner of an amount upto 10% ofthe Total Devolopment Cost (asset forth in ‘the Application ofthe development as liquidated damages for such violation or the total oss of sredite may result, Therefore, tie imperative thatthe cartfeation rai the ruc and osouatoivont af what wil be provided in return for an alacston of tax ert Each sation of this cettcaton conan nstuctioné cn how th information shoul be provided For Unit Size Calculatons, the Average Unt Square Feet and Net Renlable Square Feet should belated 1 two (2) docimal places. The numberof uns Indicated should be only the units for wich rent wil be collected. For Average Unt Square Feet calculations, te Taal Square Feat should equa he Avarage Unit Scuare Feet mutipod by the Number of Unis/Type. The toll a the boom of the Total Square Feet column should equa tam (D) onthe same page ofthe cedfcation, or be within 1 ait du > rounding. The total tthe boom oF the Number of Units/Type column should equal the numberof units inthe tax cect appicaton Acoessblily carticaions on page @ ae for tax ered point categories only and are not tobe confused wth minimum code requirement, The architec signing this documents certifying tha ll unit and sie amenities ineatd in this cetfcaton ae incorporated into the devetopment pans and specications and unf-by-unt work ‘wits, and that al proucts necessary to Mul these representatons are avalabe for hese purposes, ‘The individual who certifies this information must inital the pages where indicated, provide ‘the personal information requested and sign onthe last page. This certification should not be mailed separately to VHDA but returned to the developer for inclusion inthe tax eredit application (Acknowledge and Include this instruction st teat Acknowiedged: CL. Printed Name: A, ZemakieCA ZEMAITIS & ASSOCIATES ARCHITECTS ‘TO: Vieni Housing Development Authority 601 South Belvidere Steet, ‘Richmond, Viginis 232204800 ‘Aten fia Chalet IRE: ARCHITECT'S CERTIFICATION [Name of Development: Coverity Aparnens Adres of Development: ‘Sunex Deve, Emporia, Vig ‘Name of Owner/Applicaa: “Emporia Unitas Method Hossing, LF. ‘The sboverefrencd Ovaer has asked our office to provide thi etfiaton regarding (D plans and specications, (ithe development square footages, average unit quae footages and et renal ware ‘ootages, (ite amenities the development wil have upon conpiton, ad (i) federal and tate rqsiremete pertaining to developmen acceshilty for persons with dssbilies. his ceifcaton i reaered solely forthe confirmation of tes items. Its understood ie wl be used y he Vieginia Howsing Development Aor slely forthe purpowe of determining whee tha Development gaia for pins avaiable under VEDA’ Quiog ‘Alleation Pan fr housing tax cre anc fue consequences for fere vo provie items cere tlom: ‘Plans and Specifications: ‘Required documentation fr all properties (new contruction, rebbilitation and adaptive reuse) 1A cation map with propety clearly defined, 2 Ske plan ofthe site showing ove dimensions of main blliig(), major se elements ( pvking ss and Hoeaton of existing wits, and water, sewer, electric, 25 n testes ajacet 1 the Sit). Contour lines and elevations se not require, 3 Stich plans of main building) refctng overl dimensions of: | Typical Noor plan) showing apartment ypes and placement ', Ground oor plans) showing common are ©. Skech for pla) of type dweling uni}: 4. Typical wal seion) showing footing, foundation, wall and Noor striae, [ojos mast diese baie terial instruct, floor an exteroe fii ‘Im dation: required documentation for rehailtatlon properties ‘A unitby-nit work write-up sae ZeARCHITECT'S CERTIFICATION, coined en Tae wo separate el of a Tage 1. Avenig Unk Suace Fe Meureon Inde A Prorat Stas of Heed Rese Comoe Aree 2. Nel Retable Square Bet» Meares Do Not cae Poa Sha of Any Conon Aree an) Ree Al lor Pane of Fach Use Type C-BR, 2-88) 1 Average Ualt Square Feet: (These measurements impact the soring of ax credit aplication) oc purposes of determining the usable residential heared square fx, he baidig() were messed rom the uni face of exterior wall andthe eeaetine of any party wal. All unheated spaces and sarwels ‘whi are no more tnn bese breezoways and noreidenl, income producing commer] spose were scbjracted from his measurement. Comunity rooms, Ieundry rooms, property management ofces a sparen, heated maintenance flies, and fer comunon Space designed to serve resideatl temas were ot dedeted. Based on this proceeue, I erty the following calculation in deerinng the use ested ‘square fet forthe above referenced developmen: 9.09.00 (8) Toa for att in (69, fe) for te ene deveopment 2,544.00 (B) Undead Noor ares (beczesrays, baleonis, storage) a7 (©) Nooresdena, comercial (come pogucing) aea eam (D) Toa usable esdeaal heated ares (9. for he developmen INSTRUCTIONS FOR AVERAGE UNIT SQUARE FEET CALCULATIONS: Provide the average unit sie foreach bedroom type, (1 berm eldery, 2 bedroom garden, 3 ‘beroom townhouse, et.) by adding the total square fet of al the same beioom types (2 be oom sgirden with I bath and 2 bedroom garden with 2 bath) and adding the prorated share of heated ommon residential space ana divide by the tata numberof the same bedroom (pes (2 bedroom fgnrden). Do not alter any tems below. averse Nmber of ait Types use FLY x _UnieType = Assi Living 0.00, ° 1 Story IBFF-Eleny 0.0, © 1 Stoy/1 BR-Edely 0.00, 2 1 Sior/2 BR-Elry ® iene Elerly 0 | Bedroom Elderly 0.0, @ 2 eros Berl 0.00 o Efficiency Garden 0.00, o 1 Bedroom Gardea 0.0, 0 2 Bedrooms Garden B25 ow 43 Bedcooms Garden 0.0, ° 4 Bedrooms Garden 0.00, © 2 Bedrooms Tovrouse 0.00 2 4 Bedcooms Towshouse 0.00, 0 4 Bedrooms Townhouse 0.0, 0 Toul ___ Tow ‘Including pro aa share of heated, residential common areaARCHITECT'S CERTIFICATION, contin 2, Net Rentable Square For purposes of eaeulting Net Reatble Square Fee, te units were measured fom tho face of each interior wal. The ‘values below ierefore indent the actual squacefotge ofeach uni Hr plan. (For example, tere may be 2 aint bedroom flor plans, 3 dsact bedroom fer plas, ete. The purpose ofthe secto ofthe Architect Certfition iso ocament and cerify the for space atribuuble oresifenal eal nisin he development) Floor Plas Numer of Units univtoe Sue Fest This oor Plan cian 0.00. 0 Effiiensy 0.00, 0 Eieeney 0.06, 0 ciency 0.0, 0 Eicieney 0.0, a Miiency 0.00 0 iiiensy 0.0, 7 Efleney 0.90, 0 ifiiency 0.0, a ficiency 0.00, 0 itkieney 0.0, a iileney 0.00 a, tiiensy 9.0, a fiieney 0.00. o 1 Bedroom 0.00. o 1 Bedroom 0.90, © 1 Bedroom 0.907 o 1 Bedroom 0.00, © 1 Besroort 0.0 o 1 Bedroom 0.00, © 1 Bedroom 0.07 0 1 Bedroom 0.00, 0 1 Bedroom 0.0. o 1 Bedeoom 0.00, ° 1 Bedroom 0.0 a 1 Bedroom 0.00 o 1 Bedroom 0.00 o 1 Bedroom 0.00 2 1 Bedroom, 0.00 °(Net Rerable Square Feet continued) 2 Boétoom 2 edeeom 2 Becroor 2 Bedroom 2 etteom 2 Besroar 2 Bedeoon 2 Resream 2 Broa 2 Redtoom 2 Besroom 2 Bestoom 2 esreom 2 Betroom 2 Bedroom, 3 Betroom 3 Bodreom,ARCHITECT'S CERTIFICATION, comioued Development Amenities: 1 ery tat ihe developments pans and specifications, work wet-up, and proposed budget ‘neorporate all tems fom VHDA's mos caveat Minimum Design snd Carstracion Requirement ‘The Regarements apply ay new, adaptive rene or rable development Goctuing tose serving elderly andor piysialy cabled howsehol), ‘The Misismim Design & Construction Requirements my be fund on VHDA's west at ws whaa com. For any development upen competion of construction rchabillation: (aon-mandatry smite) 100_% (1) Percentage of 2 bedroom units tat will ave 1. or more bathrooms N/A 0.0) Peceauge of 3 or more bedroom unis that wil hve or more bathrooms The velopment wil havea community esting rom wit a minimum of 749 square fe. 11_® ¢.Peroeatgeofetrior walle coverod by brick (erluinglangla gable en area, doors windows and ening wal) 4. Alice an luny appliances mee the EPA's Fnergy Star guid progran «All windows mest the EPA's Energy Sus qualified program requirements £. very unit inthe development is bated and air condoned wit either (heat pup uns wit 99d a SEER rating of 140 o more and SPF rating f 8.2 ot ‘ore ara variable speed air hang uni (fo thcough-ie-wall het pup equipment that has an BER rating of 11.0 or more, oF Gar contioning units wih 2 [SEER rating f 14.00 more anda vassbe sped ir handling uit, combined with eas fumnaces with an AFUE rating of 99% of more 1g. Water expense wl be sob-metered (nant will ay oatly or bi-monthly bil 1 Bach katroom consis only of low-flow faucets 2.2 gpm maximum) ani showerteads (2.5 gpm maximum) |, Provide meessaryinfastruerre inal unis for high speed cable, DSL or ‘wll ineret service j. Al water brates will meee EPA's Energy Star qualified program requremens Inia, EeARCHITECT'S CERTIFICATION, coninust For all developmen exclusively serving erly and/or handisapped tans, upon completion of ‘onsrutoa/rebabitiaion: (non-mandatory amenities) «All cooking ranges will hav feat coals All nts wil have an emergency call sysem «- All bstrooms wll ave an independent or siplemental het souee 4 All erance doors have to eye ewer, on 48° an the erat standard ight cooo For all eablation and adapive reuse developments, upon competion of contraction rebblton: {onmandsory) 1 thestructre is tit inividualy in the Nasoal Regie of Historie laces or islocued in areisere hori dist and ered by the Seretary ofthe Inerioras being of historical significance othe dsc, and the eabitaion wl ‘competed in such manner be eligible for store rebailtation ak eras Low. Rise (15 stores with any structural elemeas being woo fame conseton) Mase (37 stories with no sacral elements being wood frame contain) GHligh-Rise( or more stores with no seuctal element being wood fe onsrecton)ARCHITECT'S CERTIFICATION, comiaued Accessibility: | cecity ta he development plans ad specications met all equiemens of he feral ‘Americans With Disabilities Ac. ‘cerify that he development plan ad specications meet ll requirements of HUD regulations ierpetng the accessible requirement of section SO4 ofthe Rehubliution Act. Please efereace ‘Uniform Federal Accessiiy Standards (UFAS) for more particular infomation. ‘Check one or none ofthe following pont categories, as appropriate: Gl For any noneldey property in which he groater ofS of 10% ofthe its) provide era project bated ‘et subsidies or equivalent asian in oer co ensue occupancy by exvemely aw income pects; (i) confor to HUD regulon interpreting acess equirmens of section 50 of he Renadlaton ‘Act; nd i ace actively marked to people with spacial need in acerdance with pln somite as part of he Appian, (IF special needs inclide mobility impairments the une desrbed above ruse Ince rollin savers and ol ener sinks an font contol for ranges). 50 ps For any nomelderiy propety in which he greater of 3 or 10% ofthe nits) have reas within HUD's Housing Choice Vouser HCV" payment standard (i) conform to HUD regulon interpreting cess requiem of seton SO ofthe Rehuiiation Act: nd (i) ae actively marked people Wid mobiliy inpaizmen, icing HCV holes, in ccoréance wit pl sobmited| ‘spat he Applian, 30 ps SFr sy non-ldery propery in wich a las fr percent (6%) ofthe uns conform 1 HUD ‘eglaonsinerpeting accessblry reuiemens of secon SO of he Rehabilitation Act nd are -xsvely marked to peopl with mobility impairment in accordance wih pan submited as part ofthe Application, 15 ps. ‘As architect of eeond forthe above referenced developent, be above erations are comet he best of my knowledge. Signs Printed Name Tite Virgina Registration Phone: Date [NOTE TO ARCHITECT: Any change in this frm may result in lsqualification oa ‘eduction of polns under the scoring system Ifyou have any questions, plese call Jim ‘Chander at VEDA (804) 345-5786. ‘Return this certfiaton on Architect’ Letterhead to the developer for incision the ‘tx credit appleation package.Appendix F__- VHDA’s Universal Design Standards Certification Onis in the development will mest VHDA's Universal Design Standards Before issuance of IRS Form 8609, applicant will provide documenta to VHA as evidence that such units meet VHDA's Universal Design standards. ‘The number of rental units that will meet these standards: ‘Tho otal umber of rental unit in his development © NOTE; For Elderly Developments, 100% ofthe units inthe development must mee the Universel Design standards in order to qualify for points. For Family Developments, points are avarded based on a percentage of the ‘numberof units meeting the Universal Design standards. For the tax ret applicant to qualify for points associated with Universal Design, the architoot of record must on VHDA\e list of Universal Design oerified architects,Aqua Appendix _ - RarthCraft or LEBD Development Certification [2 Bartheraft Certification - The development’ design mess the eritera for EarthCraft certification according to energy modeling projections andthe areas of ‘emphasis worksheet. Before issuance of IRS Form 8609, applicant wil obtain and provide EarthCraft Certification to VEDA. Ci LEED Certification - The developments design meets the itera for the US. 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 ofthe above two options For the tax credit applicant to qualify for points associated with tis ection, the architect of record must on VHDA's list of LEED or Eastheraft certified architess, as appropriate Signed: z. Gy TOD Printed Name: A. Zemaitis Architect of Revord (same individual as on page 8) 515109Appendix F__- LEED Accredi 1. Please identity the following information ofthe LEED Accredited Profesional: Company: Tile Phone Nunber Fax Number Eri: List below the attribates ofthe proposed development which would or may qualify for points under the US. Green Buildiog Council's LEED cetfeation rating sytem: (da space as necessary) A. Pleaseatacha copy ofthe LEED Accredited Professional Crtifate otis document. re oT LEED Aveedid Pot * This page must include toms that would qualify for points under the LEED certifeaton “This individual is not required to be the architect of reapy signing the Architect Certification. tis2002 ‘Sz 4290790 ' ssampoooud pue sororjod si ut pareonpe st pue tuesBorg asnoH YeIOMET mp Joy Surureay, euorsseyoug Ayueaynyy BIUTB:1A yeIDyIEG 9x Jo SmoY FF patajduuoo Ayyssaaons seq suDMaZ Te Summa, pouorsaford Gauvfiynyy puny), Ds QYyuDh © j | | | aTAB H (PHA/Section 8 Notification Letter)TAB I (Local CEO Letter)TAB K (Site Control Documentation)REAL ESTATE PURCHASE AGREEMENT ‘THIS REAL ESTATE PURCHASE AGREEMENT (this “Agreement"), dated as of May 1, 2009, by and between Charles |. Grigg Jr. and Susan K. Grigg, Trustees. ("Seller"), and Emporia United Methodist Housing, L. P., a Virginia limited partnership ("Purchaser"), recites and provides: Recitals. 1. Seller is the owner of a certain parcel of land containing approximately 3.77 acres in Greensville County, Virginia, and more particularly described in Exhibit A, Parcel C attached hereto (the "Real Estate"). 2. Seller desires to sell the Real Estate to Purchaser and Purchaser desires to purchase the Real Estate from Seller all upon the following terms and conditions. Real Estate Purchase Agreement. 4. Initial Deposit. For and in consideration of $5,000 (the "Deposit”) deposited by Purchaser with Seller, and (b) other good and valuable leration, the receipt and sufficiency of which are hereby acknowledged, Seller heroby agrees to soll and Purchaser agrees to purchase the Real Estate upon the following terms and conditions. 2. _(a)Purchase Price. The purchase price for the Real Estate (the “Purchase Price”) shall be $640,000. (b)Payment of Purchase Price. Tho Purchase Price shall be paid to Seller at settlement of the purchase and sale of the Real Estate under this Agreement (the "Settlement”) as follows: (0 Application of the Deposit. The Deposit shall be a credit against the Purchase Price. (ii) Cash Payment. By Purchaser's delivery to Seller or Seller's representative a cashier or certified check made payable to Seller (or by making a wire transfer prior to 2:00 p.m. on the Settlement Date, as hereinafter defined, of immediately available federal funds to Soller's account at a bank or trust company specified by Seller in writing to Purchaser) in an amount equal to the balance of the Purchase Price.3. Zoning and Access. Soller represents that the sito is properly zoned for the development of a minimum of 60 multifamily family housing units. Seller also represents that Sussex Drive as shown on the attached Exhibit A is a public stroot and has been properly dedicated. 4. Water and Sewer. Seller represents that public water and sewer services are available at the site. The location of each is shown on the Site Plan attached as Exhibit A. 5. Settlement. Settlement shall be made in the offices of Williams. Mullon, P.C., Two Jamos Center, 16th Floor, 1021 E. Cary Street, Richmond, Virginia 23219 or at such other place as the parties may agree, on a date for closing which shall be within not less than 30 days, nor more than 90 days, after the date of a written notice from the Purchaser to the Seller (the "Purchaser Notico”) requesting that the closing occur (the "Settlement"). Possession of the Real Estate shall be given at Settlement. At Settlement, Purchaser shall pay to Seller the Purchase Price as herein above provided in Section 2 and Seller shall execute, acknowledge and deliver to Purchaser or Purchaser's representative (I) tho deed that is hereinafter described in Section 5, (ji) an affidavit as to lions and possession (the "Lien Affidavit”) in form and substance sufficient for Purchaser to have its title insurer issue to Purchaser as to the Real Estate an owner's policy of ttle insurance without exception for filed or unfiled mechanics’ or ‘materiaimen’s liens or rights of third parties to possession, (ii) a cortification of non-foreign status of transferor (the Non-Foreign Certification"), (iv) copies of such documents and resolutions as may be acceptable to its title insurer so as to evidence the authority of the person signing the Deed and other documents to be executed by Seller at Settlement ("Corporate Authorizations”), (v) the Form R-5 or R-SE, whichever the case may be, to provide appropriate information required by the Commonwealth of Virginia Department of Taxation (Form R-6), and (vi) Form 1099-S to provide appropriate information required by the Internal Revenue Service (Form 1099-5). Any eminent domain awards, proceeds from sale under threat or exercise of the power of eminent domain and insurance proceeds as to the Real Estate that are payable to or received by Soller aftor the date of this. ‘Agreement shall be paid or assigned to Purchasar at Settlement or applied to the Purchase Price. 6. Costs and Expenses. At Settlement, Sellor shall pay (a) the costs of preparing the Deed, the Lien Affidavit, the Non-Foreign Certification, the Corporate Authorizations, the Form R-5 and the Form 1099-S, and (b) the tax imposed by Section 58.1-802 of the Code of Virginia 1950, as amondod, for the recordation of the Deed, if any. Purchaser shall pay all other costs of Settlement, including the costs of (a) examination of ttle to the Real Estate, (b) any title -2-insurance premiums as to its purchase of the Real Estate, (c) clerk's fees and other taxes for the recordation of the Deed, and (d) having the Real Estate surveyed as provided in Section §. Real estate taxes as to the Real Estate shall be prorated between Seller and Purchaser as of the Settlement dato. Excopt as othorwise provided herein, each party shall pay its own attorney's foes, 7. Deed and Title to the Real Estate. The deed to the Real Estate that Seller shall at Settlement deliver hereunder to Purchaser (the "Deed" shall be ‘with General Warranty and English Covenants of Title and shall be in form and Substance satisfactory to legal counsel for Purchaser to grant and convey to Purchaser good and marketable fee simplo ttle to the Real Estate (a) described, at Purchaser's option, oither in accordance with the legal doscription that is attached to this Agreement as Exhibit A or a survey that Purchaser may, at its option and expense, have made of the Real Estate by a land surveyor licensed and certified by the Commonwealth of Virginia, and (b) free and clear of all liens, ‘encumbrances, easements, conditions and restrictions, except any which Purchaser, at its election, expressly waives in writing, 8. Conditions for the Protection of Purchaser. It shall be a condition precedent to Purchaser's obligation to settle under this Agrooment that each and ‘every one of the conditions set forth in this Section 8 shall have been satisfied in accordance with this Agreement, except for any such condition expressly waived, in whole or in part, by Purchaser. i any of such conditions is not so satisfied, Purchaser may, at its option, elect to terminate this Agreement by giving notice of termination to Seller within 10 days after the expiration of the date set forth for the satisfaction of such condition. If Purchaser elects to terminate this Agreement as a result of the failure of a condition contained in this Section 8, Seller shall immediately return the Deposit to Purchaser, this Agreement shall terminate and the parties hereto shall have no further obligations or liabilities to ‘one another hereunder. (2) _ Financing. Purchaser shall have obtained a satisfactory ‘commitment for the debt financing from Virginia Housing Development Authority or other appropriate financial institution. (b) _TaxCrodits. Tho Purchaser shall have received a reservation from the Virginia Housing Development Authority of Low Income Housing Tax Credits for the development of the Real Estate under Section 42 of the Internal Revenue Code of 1986, as amended, and the income tax regulations promulgated and amonded from time to time there under. Purchaser shall apply for a 9% tax credit reservation in the competitive round of applications to be submitted on or about May 15, 2009, and if Purchasor is successful in obtaining a reservation in this round of applications then Settlement shall be by November 6, 2009. IfPurchaser does not obtain a reservation thon this Agreement shall be null and void. 9. Risk of Loss. All risk of loss as a result of any exercise of the power of eminent domain, or by reason of fire or other casualty, or for personal liability ‘as to the Real Estate, shall remain on Seller until Settlement except to the extent liability for porsonal injury may arise out of Purchaser's entry upon the Real Estate or any part of it. 10. Access and Tests. Seller hereby grants to Purchaser and its agents, servants, employees, contractors and subcontractors, a license to enter upon the Real Estate for the purpose, at Purchaser's sole expense, of making engineering, boundary, topographical and drainage surveys and tests, taking soil samples, drilling wells, conducting environmental, soil, compaction, boring and percolation tests, investigating with appropriate representatives of the County, the Commonwealth of Virginia, public utility companies and Soller the availability and sufficiency of utility facilities to serve the Project, and conducting such additional ‘engineering and othe igations as may be necessary, in Purchasor's opinion, for the evaluation of the Real Estate for the Project. Purchaser shall indemnify and hold Seller harmless against any loss, liability or expense, including attorney's fees, arising out of Purchaser's exercise of its rights under this section. 14. _ Agents and Brokers. Seller and Purchaser each represents to the other that there is no realtor, broker, agent or finder involved inthe transaction contomplated undor this Agrooment and covenants that it wll hold the other free ‘and harmless from any and all liabilities and expenses (including, without imitation, reasonable attorneys’ fees) in connection with any claim or cl any other realtor, broker, agent or finder arising out ofthis Agreement. sof 12. Other Terminations by Purchaser; Default by Seller. If all or any portion of the Real Estate, or any interest therein, is taken pursuant to the exercise of the power of eminent domain, or is sold under threat of such exerci or if Seller is unable to perform any of its agreements, covenants and obligations under this Agreement, or if any condition of this Agreement for the protection of Purchaser (oxcept as sot forth in Section 6) cannot or will not through no fault of Purchaser be satisfied prior to Settlement, Purchaser may, at its option, exercised by notice to Seller, elect either to (a) terminate this Agreement by written notice to Seller, in which event Seller shall immediately return the Deposit to Purchaser, this Agreement shall terminate and the parties hereto shall have no further obligations or liabilities to one another hereunder, or (b) waive the foregoing right to terminate and proceed to purchase the Real Estate as provided in this Agreoment, without offset or reduction of the Purchase Price other than by the eectapplication of I) the Deposit and (ji) any awards and proceeds that are herein above described at Section 3. In addition, upon Seller's willful breach of or dofault under this Agreement, Purchaser shall retain the right to sue for specific performance of this Agreement. 13 Default by Purchaser. If Purchaser defaults in perforr obligations under this Agreement, Seller's sole remedy for such dofault shall be to give Purchaser prompt written notice of such default, and if Purchaser fails to cure such default within 10 business days after receipt of such notice, to elect to terminate this Agrooment by written notice to Purchaser. Upon any such termination by Seller, Seller shall retain the Deposit as liquidated damages under this Agreement, this Agreement shall torminato and neither party shall have any further rights or obligations herounde 44. Notices. Any notice thatis expressly provided for undor this ‘Agreement shall be in writing, shall be given either manually or by mail telegram, radiogram, cable or oxprese delivery service such as Federal Express or UPS Noxt Day Air, and shall be deemed sufficiontly given (a) i mailed by registered or certified mail postage prepaid, when so mailed to such party at such address or {b) othorwiso,ifand whon received by the party to be notified at its address set forth below. Any party and any representative designated below may, by written notice tothe others, change its address for receiving such notices Ito Seller: Charles |. Grigg Jr. and Susan K. Grigg Living Trust P.O. Boxt08t Emporia, Va 23847 With a copy to: Charles I. Grigg, Jr. 21 Ballast Point Manto, NC 27954 Ito Purchaser: Emporia United Mothodist Housing, L. P. clo Virginia United Methodist Housing Development Corporation J. Robert Regan, Jr. P. 0, Box 698 Locust Grove, VA 22508 With a copy to: Eugone C. Cook City Mortgage Corpore 6763 Arthur Hills Dri Gainesville, VA 20155 ion18. Entire Agrooment. This Agreement contains the entire agreement between the parties hereto rolating to the Real Estate and supersedes all prior and contemporaneous negotiations, understandings and agreements, written or oral, between the parties. This Agreement shall not be amended or modified, and no waiver of any provision hereof shall be effective, unless set forth in a written, Instrument authorized and executed with the same formality as this Agreement. 416. Successors and Assigns. Purchaser shall have the right to assign this Agrooment to a limited partnership of which Purchaser is the managing general partner. Provided, however, that any potential assignee must expressly assume all of the terms, conditions and obligations of this Agreement in writing, 17. Section Headings. The Section headings used in this Agreement are for convenience of reference only and shall not be deomed to alter the torms and provisions of this Agreement. 18. Applicable Law. This Agreement shall be executed, construed and performed in accordance with the laws of the Commonwealth of Virginia. The parties further acknowledge that in the event of litigation under any of the and conditions hereof, the Circuit Court/General County, Virginia, shall have exclusive jurisdiction. WITNESS the following signatures. SELLER: Charles |. Grigg, Jr. and Susan K. Grigg, Trustees By. PURCHASE? Emporia United Methodist Housing, L. P. By: Virginia United Methodist Housing Development Corporation, General Partner By: | Robert Regan, J, President| Geers Cum, Vig 2847 Exhibit al iG Ff { Har ga le iil yee HE i. 12 " = (Coventry Apartments sierinTABM (Zoning Certification Letter)ates GREENSVILLE a eee i May 11,2009 Virginia Housing Development Authority 601 South Belvidere Street Richmond, VA 23220 ‘Atta: Jim Chandler RE: ZONING CERTIFICATION ‘Name of Development: Covenity Apartments [Name of Ovner/applicant: Emporia United Methodist Housing, LP. Name of Selle/Current owner: Charles I. & Susan J. Grigg, Trustees Dear Madam/Sirs: The above-referenced owner/Applicant has asked this office to complete this form letter regarding the zoning of the proposed development (more fully described below). This certification is rendered solely for the purpose of confirming proper zoning for the site of the development. It is understood that dis leter 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 tx eres. ‘The development desetiption is as follows: + Development address: Sussex Drive and Blanks Lane, Emporia, VA [1188 feet North of ‘the Country Club Road (State Route 609ySussex Drive (Highway 301 N) intersection} Legal Description: See attached site plan. Proposed Improvement: New Construction: 60 units, 6 buildings, 56,655 Total Gross Floor area Current Zoning: R2-B, Multi-Family Dwelling District, allowing a density of 17 units per acre, and the following other applicable conditions: n/a + Other Deseriptive Information: Five threo story buildings, each with 12 family units. Forty two-bedroom and twenty two-bedroom units with a den, plus a one story community building with a community room with a warm up kitchen, restrooms, an office, and a laundry room. ‘© Local Certification: ‘The zoning for the proposed development described above is proper and currently is an “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 property. No further zoning approvals and/or special use permits are required 1781 Grezsvile Coun Cie, Emporia, VA 23857-0681 Telephoe $4/88-4205 Fax 44/8-4257 Email: adi greerilacunsyvegovVirginia Housing Development Authority ‘May 11, 2009 Page Two. Zoning is proper only ifthe property on which the development is or will be located complies ‘with existing zoning requirements; provided, however, that if the zoning is not residential with an “R” designation, zoning will not be deemed to be proper, unless the chief executive officer of the locality certifies, on bebulf of such locality, approves the request of the above-referenced ‘Owner/Applicant to such locality thatthe zoning be deemed to be proper forthe sole purpose of awarding points under the Qualified Allocation Plan, notwithstanding that the zoning for the property does not have an “R® designation. Stout you Rave ny anesons es et Fest contact met) 34-4252 or by ei at Bulb Linwood E, Pope, Jr. Planning Director LEP,Jridea A i i Te p || saninriea Exhibit al) StenTABN (Copies of 8609s To Certify Developer Experience)Summary of Tax Credits Projects In which ‘Virginia United Methodist Housing Development Corporation Isa general partner and the 8609 has been isued Name of Project wmersig Entity Mary Hardesty House Berrie United Methodist Housing, P. © Echo Mountain Apartments tora Mountain Limited Partnership © Cranes Meadows Apartments Cranes Meadow limited Partnership 6 Cranes Meadows I Apartments Cranes Meadow Limited Partnership it 50 Washington Mews Apartments ‘Siverman 50 Limited Partnership so Courthouse Seniors Apartments Fore Courthouse Seniors 6 Germanna Heights Apartments GGermanna Housing, LC so Potomae Woods Potomac Wocds Limited Partnership a Madison House ‘Madison House Associotes LP 100 Mi Park Terrace Fredericksburg Housing Associates 123 Culpeper House 184 Meadowbrook Apartments ‘ynchburg United Methodist Housing 150 John Eary Apartments Bedtore Unites Methodist Housing. P. 18 Totat Number of Units with 8508 forms issued 1098 tee 5/13/2008sm 8608 Low-Income Housing Credit Allocation Certification oe ‘Gant (sion tere aaa '. owl ng ote a re) uy mous vaessteeh We Ossetian > © wewnuntasig owas avost ante | 2 emunszleste ce pees toate z 22 mungasinse 3 “Ensigl ee ua he compl line es te tse alee {ntent bs prosapra ele ese rao) w | ‘Centr ein te Go Cea (6O 2 nO Zee. 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OD vw Ot fa MexGartoxdiscetal do pouseto eicn eit tase amieR sss.) «Ye Oto 1b Ooyaieed rete ebgtassby deomprionte crs ceentowtcaunis (icon taeyay? = «CI Yes Cte 10 cake epeniarhrech een 2 Seth st nny ta cas Ow Ow Sanat tetage paestip stayin 25) « 5 Ow © Beth sata eemet kn Aleka) (2080 OD seprcom 4 Setchprmtstonad pees xn HA) iskstcaa) a O we - Tater A tapurae Seba A (Form FEO), Kasil Some Tor shed ee earner far ech yor tthe foyer conplance pee FST ES TES aE a FeaTAB V (Nonprofit or LHA Purchase Option or Right of First Refusal)Pave detieation Number Prepared: Willams, Mallen 0, Box 1320 Richmond, VA 23218-1520, RIGHT OF FIRST REFUSAL AGREEMEN ‘THIS RIGHT OF FIRST REFUSAL AGREEMENT (this "Agreement", made and centered into a8 of May 12, 2009, by and between EMPORIA UNITED METHODIST HOUSING, LP. a Virginia limited partnership ("Selle"), and VIRGINIA UNITED ‘METHODIST HOUSING DEVELOPMENT CORPORATION, a Virginia nonprofit corporation (Purchaser"), provides as fallow: RECITALS: A. Sellers the owner of, or has agreed to purchase, the “Property” (as hereafter defined). B. _Suijoct tothe terms and conditions hereafter set forth, Seller desires to grant to Purchaser, and Purchaser desires to obtain from Seller, the exclusive right and right of frst refusal to purchase the Property, on the terms as hereafter provided. AGREEMENT: NOW, THEREFORE, in consideration of the mutual covenants, premises, conditions and ‘undertakings herein set forth, Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which the parties hereby acknowledge and covenant and agree as follows: 1, DEFINITIONS. In addition to any other terms defined elsewhere in this Agreement, the {ollowing terms shall have the following meanings, unless the context requires otherwise: A. “Property” shall mean that certain piece or parcel of real estate located on Sussex Drive, Emporia, Greensville County, Virginia, containing approximately 3.93 acres, together with all appurtenances, rights, privileges and easements in any way benefiting, belonging, or appertaining to the Property, together with all buildings and improvements located on the Property, including, without limitation, tbe multi-family apartment building to be known as “Coventry Apartments", containing 60 residential units (the “Improvements"), together with all, ‘mechanical systems, Sixtures, equipment, compressors, engines, elevators and escalators, ll clectricel systems, fixtures and equipment, heating fixtures, ystems and equipment, air conditioning fixtures, systems and equipment and plumbing fixtures, systems and equipment, B. “Settlement” shall mean the closing of the purchase and sale ofthe Property pursuant to the provisions ofthis Agreement, which shall occur onthe Settlement DateC. “Settlement Date” shall mean that certain date thirty (30) days after the exercise of the Refusal Right, or such extended date as may be agreed in writing by Seller and Purchaser (but ‘not before the expiration of the Compliance Period). D. __ “Compliance Period” shall mean the “compliance period” set forth inthe Rules and Regulations for Allocation of Low-Income Housing Tax Credits, 13 VAC 10-180 et sea, as, Published in the Virginia Housing Development Authority, Low-Income Housing Tax Credit Program, 2009 Application Manual, including all amendments thereto and clarifications thereof (he "Regulations", and asset forth in the Seller's application for a reservation of low-income ‘housing tax credits pursuant to the Regulations. 2. _ GRANT OF RIGHT OF FIRST REFUSAL. In the event thatthe Selle receives a bona fide ofer to purchase the Property, which offerte Selier intends to accept, Purchaser shall Ihave aight of first refusal to purchase the Property (db “Refusal Right”) onthe terms and conslitions set fort inthis Agreement and subject othe conditions precedent to exercise ofthe Refusal Right specified hercin. In ition to all other applicable condition st forth in this ‘Agroement, the foregoing grant ofthe Refusal Right shall be effective only if Purchaser is curently and remains a all imes hereafter, until the Refusal Right hs been exercised and the resulting purchase and sale has bee closed, a qualified nonprofit organization, as defined in Section 42(HX.5)(C) ofthe Internal Revenue Code. Prior to accepting any such bona fide offer to ‘purchase the Property, the Seller hall notify Purchaser of such offer and deliver to ita copy {hereof (the “Refusal Exereise Notice”). The Seller shall not accept any such offer unless and until the Refusal Right ha expired without exercise by Purchaser under the terms hereof. A. Termof Refusal Right. The term of the Refusal Right shall commence on the first day ofthe year immediately preceding the expiration of the Compliance Period for the Property, ‘and shall expire upon the earlier of i) consummation ofthe sale ofthe Property after the ‘Compliance Period to a person other than the Purchaser after the Purchaser has failed to exercise its Refusal Right in accordance with this Agreement, or (i) one year after the last day ofthe year in which the Compliance Period forthe Property expires (the "Refusal Right Term”). B. Purchase Price Under Refusal Right. ‘The purchase price forthe Property pursuant to the Refusal Right shall be equal tothe “Purchase Price”, as defined hereafter. 3. _ EXERCISE OF THE RIGHT OF FIRST REFUSAL. ‘The Refusal Right may be exercised by Purchaser by (2) giving writen notice ofits intent to exercise the Refusal Right to the Seer in compliance withthe requirements hereaf, and (b) complying withthe contract and closing requirements hereof. Any such notice of exercise of the Refusal Right shall be given ‘within fifteen (15) days after Purchaser has received the Seller's Refusal Exercise Notice pursuant to Peragraph 2 hereof, The notice of intent shall specify a Settlement Date within thirty (Go) days immediately following the date of exercise. If the Purchaser exercises the Refusal ‘ight but fils to consummate the acquisition of the Property pursuant hereto for any reason other than a breach ofthis Agreement by the Seller, the Refusel Right shall terminate, and neither party hereto shall have further rights or obligations tothe other with respect to this Agreement,4. PURCHASE AND SALE OF THE PROPERTY. If the Refusal Right is exercised as povided herein, then, upon the erms and conditions hereafter set forth, Seller hereby agrees to sell and convey the Property to Purchaser, and Purchaser hereby agrees to acquire and purchase ‘the Property from Seller. 5. PURCHASE PRICE. ‘A. Amount of Purchase Price. The purchase pice (the “Purchase Price”) to be paid by Purchaser to Seller fr the Property shall be an amount equal tothe sum of (i) the principal amount of outstanding indebtedness secured by the Property (but not including any indebtedness incurred within the five (5) year period ending on the Settlement Date, except indebtedness incurred for capital improvements, repair, replacement or maintenance to the Property) (the “Tndebtedness"), and (i) the Exit Taxes. For purposes of this Agreement, “Exit Taxes” shall ‘mean all Federal, state and local taxes attributable to such sale. Seller shall provide Purchaser with satisfactory evidence, including a proper accounting, ofthe amounts of the Indebtedness and Exit Taxes forthe purpose of calculating the Purchase Price. B. _Paymentof Purchase Price. The Purchase Price shall be payable at the Settlement incash, by wire transfer or by cashier's or certified check. 6, _ SETTLEMENT. Settlement shall occur on the Settlement Date in the offices of Seller’s attorney, or at such other place as the parties may agree in writing. Possession ofthe Property shall be given to Purchaser at Settlement. xcept as otherwise provided inthis Agreement, Purchaser agrees to accept the Property at Settlement in “as is" condition. 7. TETLE. Withia ten (10) days ater the effective exercise of the Refusal Right, Purchaser shall, a its expense, eause an examination of tte tothe Property to be made and shall advise Seller of those exceptions to title to the Property that render suc ttle unmarketable. Any exceptions to ttl tothe Property that do not render such title unmarketable, or of which Purchaser does not so notify Seller, shall hereafter be referred to as “Permitted Exceptions”. ‘Within ten (10) days after receiving such notice from Purchaser, Seller shall notify Purchaser of| Seller’ eleetion () to cure such exceptions, in which event Seller shall eure such exceptions promptly and at its expense, or (i) not to cure such exceptions, in which event Purchaser shall cither waive such condition and proceed to purchase the Property as provided herein or terminate this Agreement. If Purchaser so cleets to terminate, this Agreement shall be of no further force and effect andthe parties shall have no further rights or obligations hereunder. If Seller elects to remove, of cause the removal of, ttle exceptions as provided herein, the Settlement Date shal, if ‘agreed by Purchaser, be extended for such time as Seller and Purchaser may agree. Unless Seller expressly agrees to do so, Seller shall have no obligation to cure or remove ay title exceptions.8. ‘A. Puteasr’s Tests and Inspections. Purchaser shall have the right during the period from the exercise of the Refusal Right unl the Settlement Dae, and upon 24 hours piot notice to Seller (which notice may be oral or written) to enter upon the Property and to perform, atts expense, economic, engineting, topographic, environmental, survey and marketing tess or aay other studies, tests and due diligence as Purchaser elects. During such petiod, Seller agrees ‘to make available to Purchaser for inspection any and all engineering studies and surveys relating to the Property that are in Seller's possession and control. Purchaser agrees to indemnify against and hold Seller harmless from any claims, demands, ables, loses, damages, costs, and expenses, including, without limitation, atomeys fes, arising fom entry upon the Property by Purchaser, or any agents, contactors, or employees of Purchaser. Purchaser, a is own expense, shall promptly repair any damage tothe Property caused by Purchasers tests, surveys, studies and de diligence. B. Copies of Tests and Studies. Purchaser shall deliver to Seller copies ofthe writen results of such tests, surveys, studies and due diligence obtained pursuant to Paragraph 8(A) above. Survey. Purchaser, at Purchaser's option and expense, may arrange for the ‘of a survey of the Property (the “Survey") prior to Settlement. prepara 9. SETTLEMENT DELIVERIES A. Seller’s Deliveries. At Settlement, Seller shall deliver to Purchaser all of the following documents and instruments each of which shall have been duly executed on behalf of Seller, where appropriate. 1. A general warranty deed (the “Deed” dated as of the Settlement Date ‘conveying fee simple ile tothe Property free and clear of any monetary liens on the Property but subject tothe Permitted Exceptions. 2. Appropriate resolutions or other consents ofthe Seller, authorizing (a) the execution ofthis Agreement on behalf of Seller and all other documents and instruments to be executed by Seller hereunder, and (b) the performance by Seller of Seller's obligations hereunder and under each ofthe other docaments and instruments refered to herein. 3. A Cettifcation of Non-Foreign Status pursuant to Section 1445 of the Internal Revenue Code that Seller is nota foreign person, foreign corporation, foreign partnership, foreign trust, or foreign estate (as those terms are defined in the Internal ‘Revenue Code and related regulations), and applicable federal and state tax reporting certificates.4. "The originals ofall leases affecting the Property (the “Leases” 5. __Anassignment and assumption agreement dated as of the Settlement Date ‘assigning to Purchaser the Leases and such management agreements, service contracts and other agreements relating to the Property that are not terminated by Seller on oF before the Setlement Date 6. Tenant notification letters, dated as of the Settlement Date, notifying the tenants of the Property thatthe Property has been sold to Purchaser and directing such ‘tenants to pay rentals to Purchaser (or Purchaser's designated agen}. 7. Anamount of cash (or a setlement statement credit adjustment) equal to ‘the sum of the tenanis' security deposits held by Seller. B. _ Purchascr's Deliveries. At Settlement, Purchaser shall pay or deliver to Seller all cof the fllowing (each of which shall have been duly executed on behalf of Purchaser, where appropriate). 1. Appropriate resolutions or certificates of Purchaser, authorizing () the ‘execution ofthis Agreement on behalf of Purchaser and all other documents and instruments to be executed by Purchaser hereunder, and (b) the performance by Purchaser ‘of Purchaser's obligations hereunder and under each of the other documents and instruments referred to herein, 2. ‘The Purchase Price as provided in Section 5 hereof. 10, SETTLEMENT COSTS: PRORATED ITEMS AND ADJUSTMENTS. A. Sotilement Costs. Purchaser shall pay all costs of closing and transfer of the Property including the cost ofthe Survey, the tile examination and th title insurance premium, al legal fees and all recording taxes and ftes in connection with the recordation of the Deed, B. —Prorations, At Settlement, the following adjustments and prorations shall be ‘computed as of the Settlement Date, and, as hereafter set forth, the eash portion ofthe Purchase Price shal! be adjusted to reflet suc prorations: 1. Allzens from the Property including without limitation, any prorata ‘payments by tenants with respect to taxes, operating expenses and uilty fees) eared and attributable to the period prior to and including the Settlement Date will be retained by Seller to the extent that such rents have been collected on or before the Settlement Date. ‘Renls (including any such prorata payments) carned and attributable to the period after ‘the Settlement Date will be paid to Purchaser, and, if received by Seller will be paid by Seller prompily to Purchaser. Rents received by Purchaser within ninety (90) days after Settlement that were eazmed and atibutable to the period prior to and including theSettlement Date will be paid promptly to Seller; provided, however, that all rents received bby Purchaser shall be credited tothe obligations of tenants in direct order of maturity, beginning with the first due. 2. _AtSettlement, Seller, at no expense to Purchaser, shall transfer to Purchaser (i) in cash all security and other deposits and fees as to the Leases and all interest required by law or by the Leases to be accrued or paid thereon, and (i all rights to such deposits and fees owed by Tenants pursuant to the Leases but not pad to Seller 3. Real property taxes shall be apportioned between Purchaser and Seller as ‘of the Seitlement Date based on the ratio of the number of days inthe tax period for ‘hich such taxes are paid tothe number of days in such period (a) before and including ‘the Settlement Date (with respect to which Seller shall be responsible) and (b) after the Settlement Date (with respect ro which Purchaser shall be responsible). All special assessments and other similar charges that have become alien upon al or any portion of the Property as ofthe Settlement Date shall be apportioned as ofthe Settlement Date in the same manner as real property taxes. Ifafter Settlement any proration is determined to hhave been inaccurate, the parties will make the proper adjustment payment or payments. 4. All_prepayments or payments made or payments due under the management, service and other agreements assumed by Purchaser shall be prorated as of the Settlement Date in the manner provided in subparagraph 3 hereof forthe proraion of real property taxes. 5. _Allother charges and fees customarily prorated and adjusted in similar transactions shall be prorated and adjusted as ofthe Settlement Dat in the manner provided in subparagraph 3 hereof. If accurate prorations and other adjustments cannot ‘be made at Settlement because curent bills are not obtainable, the partis shall prorate as of the Settlement Date on the best available information, subject to adjustment upon receipt ofthe final bills. Seller shall usc its best efforts fo have the utility meters read on the date preceding the Settlement Date so as to determine the proration of eurrent utility bills. In all eases where the uilty company involved will permit, charges for utilities serving the Property shall be billed separately to Seller for the period prior to and including the Settlement Date and to Purchaser forthe period after the Settlement Date ‘Any utility charges not so separately billed shall be prorated as ofthe Setiement Date ‘All other income and operating expenses ofthe Property willbe prorated as of the Settlement Date. [fater Settlement, any poration is determined to have been inaccurate, ‘the parties will make the proper adjustment payment or payments, 11, _ PURCHASER'S REPRESENTATIONS AND WARRANTIES. To induce Seller to enter into this Agreement and to sel the Property, Purchaser hereby makes the following. representations, warranties and covenants as of the date hereof:‘A. Authority. Purchaser () is duly organized and validly existing, and (i) has the authority (@) to execute and deliver this agreement and all other documents and instruments to be executed and delivered hereunder, and (b) to perform its obligations hereunder and under such other documents and instruments in order to purchase the Property in accordance with the terms and conditions hereof. All necessary actions have been taken by Purchaser to confer upon the ‘persons executing this Agreement, and all documents that are contemplated hereby on. Purchaser's behalf, the power and authority to do so. B. Qualified Non-Profit Organization. Purchaser is an organization desribed in Seation 501(@)G3) or 501(€X4) of the Internal Revenue Code of 1986, as amended, and exempt from taxation under Section 501(I) of the Cade, whose purposes include the fostering of low- income housing, and is a "qualified non-profit organization” as that term is defined in the Regulations IR'S REPRESENTATIONS AND WARRANTIES. To induce Purchaser to ‘Agreement and to purchase the Property, Seller hereby makes the following, representations, warranties and covenants as ofthe date hereof: ‘A. Authority. Seller (i) is a duly organized and validly existing limited partnership ‘under the laws of the Commonwealth of Virginia and (i) has the power and authority (a) 10 ‘execute and deliver this Agreement and all other documents and instruments to be executed and delivered by it hereunder, and (b) to perform its obligations hereunder and under such other documents and instruments in order to sel the Property in accordance withthe tems and conditions hereof. All necessary ations have been taken o confer upon the person executing this Agroement, and all documents that are conternplated hereby on Selle’ behalf, the power and authority to do so, B. Compliance with Laws. Neither the execution ofthis Agreement nor the ‘consummation ofthe transaction contemplated hereby will constitute o result in a violation or breach by Seller of any judgment, order, writ injunction or decree issued against or imposed upon it, or will result in a violation of any applicable statute, la, ordinance, rule or regulation. ‘There is no action, suit, proceeding or investigation pending or, to Seller's knowledge, overtly ‘threatened against Seller that would prevent the transaction contemplated by this Agreement or that would become a cloud on the tile tothe Property or that questions the validity or enforceability ofthe transaction contemplated by this Agreement or any action taken pursuant hereto, C. Conflict With Other Instruments and Agreements. Neither the execution of this, ‘Agreement by Seller nor the consummation by Seller of the transaction contemplated hereby will @coniict with, or result in a breach of, any provision of Seller's partnership agreement or Gi) conflict with, result in a breach of any term of, or inthe termination of, or accelerate any {instrument or agreement to which Seller is a party, or by which it may be bound. Seller is nota party to and isnot bound by any sales contract, option agreement, right of frst refusal agreementor other contractor agreement providing forthe sale or other conveyance by Seller of the Property or any portion thereof. 13, CONDITIONS PRECEDENT. A. Conditions forthe Protection of Seller. It shall bea condition precedent to Seller's obligation to provide the Refusal Exercise Notice, sell the Property and to perform its other obligations hereunder that each and every one ofthe conditions set forth under this Section 13(A) shall have been satisfied at or before Settlement, and Seller agrees to use reasonable good faith cfforts to obtain each ofthe following, 1, Seller shall have obtained an allocation of Low Income Housing Tax (Credits from the Virginia Housing Development Authority in connection with the ‘Property and in an amount acceptable to Seller by December 31, 2009, 2, Sellershll have constructed the Improvements and the same shal be ‘ccupied pursuant to duly authorized certificates of occupancy issued bythe appropriate governmental authorities by December 31,2011 B. _TheSeller’s Right to Terminate. Except as otherwise set forth above, if any condition set forth above is not satisfied within the Compliance Period, Seller shall have the right {o terminate this Agreement and its obligation to sell the Property, in which event shall have any further liability or obligation hereunder. 14, CONDEMNATION AND RISK OF LOSS. ‘A. Condemnation. In the event of condemnation or receipt of notice of condemnation ofall ofthe Property, or any portion thereof, prior othe Settlement Dat, Seller shal give writen notice to Purchaser promptly after Seller eoeives such notice or otherwise learns of such condemnation oF conveyance in lieu thereof. Ifall ofthe Propery is, ori tobe, condemned, this Agreement shall terminate immediately. Ifa material portion of the Property is, oristo be, condemned or taken, Purchaser, at is option, may elect either (a) to terminate this ‘Agreement effective upon writen ntice o Seller not aie than ten (10) days after receipt of notice from Seller, o (b) not to terminate this Agreement and proceed to Settlement, in which event the condemnation proceeds shall be applied asa eredit othe Indebtedness. B. Risk of Loss. The risk of loss or damage to the Property after the exercise of the Refusal Right and prior fo the Settlement, by casualty, act of God or any other event, shall be ‘upon Seller. 15, REALESTATE COMMISSION. Seller and Purchaser each hereby represents and ‘warrants to the other that no broker, finder, real estate agent or other person has acted for or on its behalf in bringing about this Agreement, and each party hereby agrees to indemnify apainst and hold the other harmless from any claims, demands, losses, damages, lsbilities, suits, actions,costs and expenses, including, without limitation, attomeys! fees, incurred in connection with a breach by the indemnifying party ofthe preceding representation and warranty. 16, DERAULT, 1, after the exercise ofthe Refusal Right and prior to Setlement, Purchaser defaults in the performance of any ofits obligations under tis Agreement, Seller may, tthe option of Sele, give Purchase prompt writen notice of such default, and afer en (10) days atten notice thereof Gi Purchaser fis to cue such default within such time), Seller shall be ented to all remedies at law and in equity with espect thereto, ncioding, but not limited to, the right to specifi performance of this Agretment and the right to recover Seller’ attorneys" foes incured in commotion therewith 17. GENERAL PROVISIONS. A. Completeness and Modification. This Agreement constitutes the entire agreement between the partes as to the tansactions contemplated herein and supersedes all prior and contemporancous discussions, understandings and agreements between the parties. B. Assignments. Purchaser may not assign its rights hereunder without the prior ‘written consent of Seller, in Seller's sole discretion. Notwithstanding the above, the Purchaser's rights under this Agreement may be assigned to another “qualified non-profit organization”, as defined in Regulations, at the option of the Purchaser, withthe approval ofthe Virginia Housing Development Authority (°VADA"), or in the event the Purchaser goes out of existence prior to the end of the Compliance Period, atthe option of and upon the approval of VHDA. C. __Recotdation, Inthe event the Seller receives an unconditional reservation of low income housing tax credits from VHDA, pursuant to the Regulations, onthe Property, then this ‘Agreement shall be recorded in the Clerk's Office ofthe Circuit Court ofthe County of Greensville, Virgina, atthe Seller's expense. D. jal. Seller's representations, warranties, covenants and agreements made in, ‘or pursuant to, this Agreement shall not survive Settlement aad shall merge with the delivery and recordation of the Deed, E. Governing Law. This Agreement and all documents and instruments referred 10 herein shall be governed by, and shall be construed according to, the laws of the Commonwealth of Virginia F. Severability. [fany term, covenant or condition ofthis Agreement, or the application thereof to any person or circumstance, shal to any extent be invalid or unenforceable, ‘the remainder of this Agreement, or the application of such term, covenant or condition to other ‘persons or circumstances, shall not be affected thereby, and each tem, covenant or condition of this Agreement shall be valid and enforceable tothe fullest extent permitted by law.IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first written sbove, SELLER: EMPORIA UNITED METHODIST HOUSING, LP, 1 Virginia limited partnership BY: _ VIRGINIA UNITED METHODIST HOUSING DEVELOPMENT CORPORATION, a Virginia nonprofit corporation, General Partner By: bab heron, obert Regan, f, Pésident ‘COMMONWEALTH OF wees) (SEAL) CITY of BGHMOND, to-wit; Gawesrnce “The foeponginsrament vas acknowledged before me tis /3_day of May, 2009, by Rober Rega who spool now tsa resident of Vigil United Medd Housing Corporation Virgina compro, he Gencel Parte of Emporia United Metts Housing, LP,, a Virginia limited partnership, on bebalf of the i. Notary Publi c. os My commission expires: /2/5s/200r Registration Number: ,-2/2708.69 “f os cary eyPURCHASER: VIRGINIA UNITED METHODIST HOUSING DEVELOPMENT CORPORATION, a Virginia nonprofit corporation py: Meteo eat) Robert Rega, Jr President ‘COMMONWEALTH OF VIRGNIL. CITY of RICHMOND, to-wit, nh hieeece, Lb foregoing instrument Was acknowledged before me this /3 day of May, 2009, by J Robert Regan, Jr, who is personally know to me, as President of Virginia United Methodist Housing Corporation, a Virginia corporation, on behalf ofthe corporat Notary Public ei Mycimminin caries fy fort (SEE, Nate Leese: Porm’TAB W (Original Attorney’s Opinion)WILLIAMS MULLEN, May 13,2008 TO: Virginia Housing Development Autority 601 South Belvidere Steet ‘Richmond, VA. 23220 RE: 2009 "Tax Credit Reservation Request Name of Development: _Coventy Apartments Name of Owner: mporia United Methodist Housing, LP. Gentlemen: ‘This undersigned fir represents the above-referenced Owner ais counsel, Ithas recived a copy of ‘ad hus reviewed the completed application package dated May 13, 2009 (of which this opinion is par) (he “Appliction”) submited to you for the pupose of requesting, in connection wit the captioned Development, s reservation of low income housing tx eres (“Cred”) availble under Section 42 ofthe Internal Revere ‘Code of 1986, as amended (he “Cod"). Teas also reviewed Section 42 ofthe Code, the regulations issued ‘pursuant thereto and such other binding authority as it believes tobe applicable tothe issuance hereof (the ‘egulatons and binding authority hercnafer collectively referred to as te "Regulations) Based upon the foregoing reviews and upoa due investigation of such mater sit deems necessary in ‘order to render this opinion, but without expressing any opinion as to ether the reasonableness of the estimated or projected figures or the veracity or accuracy of the factual representations set forth inthe Applicaton, the undersigned is ofthe opinion that: 1. Teis more likely th not thatthe inclusion ineligible basis ofthe Development of such cst ‘tems or portions thereof, a5 set forth in Parts VIL and IX ofthe Application form, complies ‘ithall applicable requirements ofthe Code and Regulations. 2 Theealeultions a) ofthe Maximum Allowable Credit available under the Code with respect to the Development in Part VIT of the Applicaton form and (b) ofthe Estimated Qualified Basis ofeach building inthe Development n Par IX of the Application farm comply witha ‘pplcable requirements of the Code and regulations, including the selection of eredit type ‘iplicitin suck calculations. 3. The appropriate type(s) of allocatin(s) have boon requested in Subpart LD ofthe Application for, 4, The information set forth in Subpart VIC of the Application form a5 to proposed rents satisfies all applicable resuirements ofthe Code and Regulations. A Profesional Coparation To meer 10D Eat Cay Su 2219) PO, Dor 0 Rin VADTI61E20 TA ADLGAIEDL ax BM IS6507 “ovoinionssmWILLIAMS MULLEN May 13, 2009 Page? 5. Thesite ofthe capioned Development is controlled bythe Owner, as ientfied in Subpart I- A ofthe Applicaton, Tora period of not less tan four (4) months beyond the spplieation deadline 6. The type of the nonprofit organization involved in the Development is an organization described in Code Section 501(0\(3) or SO1(24) and exempt from taxation under Code Seetion 501(), whose purposes include the fostering of low-income hosing 7. ‘The nonprofit organization's ownership interest in the Development is all the general prnershipinteess of the ownership eaity ofthe Development as described in Subpart ILD ‘ofthe Applicaton form. the undersigned is ofthe opinion tht, i al information and representations consined inthe Application and all curent law sere to remain unchanged, upon compliance by the Owner with the requirements of Code Section 42(4X1)(), the Owner woud be eligible under the applicable provisions ofthe ‘Code un the Regulations to an allocation of Credits inthe amount(s) requested in the Application. ‘This opinion is rendered solely forthe purpose of inducing the Viginia Housing Development ‘Authority (°VHDA") to isse a reservation of Credits othe Owner. Accordingly, it maybe relied upon only bby VHDA and may not be relied upon by any ater party for any other purpose. “This opinion was not prepared in accordance wth the requirements of Treasury Depertint Citeler [No 230. Accordingly, it may net be relied upon forthe purpose of avoiding U.S. Federal lax penalties ort “support the prometion or maresting ofthe wansaction or mars addressed herein,VHDA Locality Notification Information FormCcovenrysecrinents pots Aiton Locality Notification Information Form ‘PARTI - INSTRUCTIONS: Section 42 [Afi ofthe inte Revenue Coxe requires locating agencies to not "he Chet roculve Oftcer (CE) or equal! ofthe localjtscicton wihin which ine buldng locoted and provide sich indivi areasonebie opportunity fe comment ch he development: VHDA ues information you ‘reve his or io comp th his equremer aoc ceveloomentovesops to emote lutions, ‘uct requted submits fom fo each New in 20091 In adton fo contocting he Locly CEO, VKDA wal aso be cenjactng ne Moyo of Chakman othe Board ofSupendtos Is probable Ina eaca poston wil havea separate raiing addres. ‘hough VDA prepares the documents sent to each locofy. we yon yous the develope/Acpiican, to Provide Us wth Key ntormation.Inaing Tho reme of he ocafy having fatsdction over the development, Pes, odcreses and saitatlons of well orc wrmary of bose Saveloement vernon. \tyou ateaay nave alocal separ eter. you can ince with he oppication a TAB | However, you must silcompita ths fam end submit ¥0 VEDA one appt Tor ns development wi be penofzed 80 por Ferintermation cbout adonal pints assoicted with racelving a Suppor Letter fom thelocaljustcton, please relerto he Application Meru Developers sacking tax-exempt bond 4% rect or Non Compeliive 9% crt, sul submit his form ot ‘30 days pir to submission of ho tex erect appicaion. sora ones: Folie to complete ond suomi ts frm porto $00 pam, ST ime on March 25,2009 vi renin a SOpolnt penal $0 pan) fo" ery Gpplcation svomted in Gareecton wih he 007 compettive taxcteds, Deteenyof ectonle Copy a stom to VOR: vigil 'oTaxCrecttapps@VHDA.com, Ema only one form ot a fine \tyou use his eal option, you walrecelve an outo reply message confining message received he system DOES NOT conti hat an aachmant hes Boen roceved ‘lo sequlanmal on CO) to: aA Tex Cree Alocaion Department fo Debbie Gner (01S. 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