Angel Court - 2009 VA

2009 Federal Low Income Housing
Tax Credit Program
Application For Reservation
Deadline for Submission
9 % Competitive Credits
Applications Must Be Received At VHDA No Later Than 5:00
PM Richmond. VA Time On May IS, 2009
!Ax Exempt Bonds

Applications should be received at VHDA at least one month
before the bonds are priced (if bonds issued by VHDA), or 75
days before the bonds are issued (if bonds are not issued by
VHDA)
Virginia Housing Development Authority

601 South Belvidere Street
Richmond, Virginia 23220-6500
2009 ~1 . 4.2009
Low Income Housing Tax Credit Application for Reservation
Please~indica'te if the-follmvlng'items<lire includecl with your aepricatioll.by checking the appro.pri,n te b'9xes. YOut' assistance in
'0r.ganizing thccsubriijssion iii the.fOllow'iiig JO"uilr, and actually lIsihg tabs to rnad< tllCm' as ~hown, will faCilitate review of your
'lPPlic'a~i'o_n. ·Please. 'notMh'at1il~ maO:dato~y ltc/us must bc.iiu{Jucled' forillc ~pDlic2lion to be PI,()ccsscd.Tbe iudusion of othe'l' ifems
!lDayinc.:ease the Iluniber ofp,~ims fo'- which you 3re i ligibLe li'il(I~r VHDA's i>'o in t;sy~tem,:ofi'ankill:g applicg,tioils" ana m l,iy assist
VHDA i~ its', detenllinstion'of t!lc· approPli.ll~e al!!puJ)t of C<1'cdits t bat it rna)' res,crvc ,for t il,!) devell!pOlent. You lu:e ttl,el"erOn."
e.ncout"aJ;~d to. submit as much rcque.~tcd information as'i~ aVaila,blc,..JlUt (heir inclusion is not,mandatgry fgr revi'e w oJ~QuJ
application.
[2] Electronic Copy of the Microsoft Excel Based Application (MANDATORy)

[2] Hard Copy of All Application Pages With Signature (MANDATORy)
o Scanned Copy of the Tax Credit Application with all Attachments (excluding market study and plans & specs) (MANDATORY
o $750 Application Fee (MANDATORy)
Tab A: Documentation of Development Location:
o A,I Qualified Census Tract Certification
o A.2 Revitalization Area Certification
o Location Map
G Surveyor's Certification of Proximity To Publ ic Transportation
o Tab B: Partnership or Operating Agreement, including chart of ownership structure with percentage of interests (MANDATOR
o Tab C: Virginia State Corporation Commission Certitication (MANDATORY)
G Tab D: Principal's Previous Participation Certitication and Resume (MANDATORY)
o Tab E : Nooprotit Questionnaire (MANDATORY for points or pool)
The following documents need not be submitted unless requested by VHDA:
-Nonprofit Articles of Incorporation
-IRS Documentation of Nonprofit Status
-Joint Venture Agreement (if applicable)
-For-profit Consulting Agreement (if applicable)
o Tab F: Architect's Certitication (MANDATORY)
[2] Tab H: PHA / Section 8 Notification Letter
0TabI: Local CEO Letter
OTabJ: Homeownership Plan
o Tab K: Site Control Documentation (MANDATORY)
o Tab L: Plan of Development Certification Letter
o Tab M: Zoning Certification Letter
o TabN: Copies of 8609s To Certify Developer Experience
o Tab 0: (Reserved)
0TabP: Plans and Specifications and Work Write-Up (MANDATORy)
GTab Q: Documentation of Rental Assistance
G Tab R: Documentation of Operating Budget
o Tab s: Documentation of Project Budget
o TabT: Documentation of Financing Sources
o TabU: (Reserved)
o Tab V: Nonprofit or LHA Purchase Option or Right of First Refusal
o TabW: Original Attorney's Opinion (MANDATORY)
o Tab X: (Reserved)
o Tab Y: Marketing Plan for units meeting accessibility requirements of HUD section 504
0TabZ Markel Study (MANDATORY-Applicadon will be disqualified if market study not submitted with the application)
2009 Submission Cbecklist

Low-Income Housing Tu Credit Application For Reservation
I. Geufral Information
All oode "Seaion" rcfcreoocs arc 10, end die kim "IRC" shaU he <Ietmcd 10!lle2ll, Ma 14,2009
Ihe Intern.1 Revenue Code of 19U,1IS ammdcd. (Date of ApplicatiOll)
A. Development Name and Location:

I. Name of Developmenl Allgel Court
2. Address of Development Faith Drive (west of Angelwood Development Phase II)
(Streel)
King George VA 224S5
(City) (Slate) (ZipCodc)
3. If complele address is not available., provide longitude and latitude coordinates (x.,y) from
location on site your surveyor deems appropriale. Latiwde: 38-16-00 N / Longitude 077-10-21 W
121 Documentalion from surveyor attached (TAB A) (Only necessary if street address or street inlersections are not available.
(Coordinates should be Ihe same as those listed on pg 13, if applicable)
4. The Circuil Court Clerk's office in which ilie deed 10 the property is or will be recorded:
City/County of Kiltg George COUDty (ie; Richmond City, Chesterfield County; see application manual)
5. Does the site overlap one or more jurisdictional boundaries? 0 Yos 0 No
If yes. what other City/County is the site located in besides the one mentioned above?
6. [s the development located in a Metropolimn Statistical Area? 0 Yes 121 No
7. Census Tract the development is located in: 51 ()99990400
Is this a Qualified Census Tract: 0 Yes 121 No (If yes, attach required form in TAB A)
8. Is the development located in a Difficult Development Area? rNol
9. Is the development located in a revitalization area? '"""""'"[j"' Yes 0 No (If yes, attach required form in TAB A)
10. Is the development an existing RD or HUn S81236 development? 0 Yes 0 No (If yes, attach required form in TAS Q)
.N,lte: IJtbe.['.\ i"Si an idelUit {0". iJ1lerest bC""·t'~l1 the api'l;can~ am! the sdter in 'hi~ propo.w.l. andl the applk:mH !S ~,·kir\g po-in!$. in.
tl* C[;tCg Ofy. Ib(~n the applkll ....t tlW!lt ciwn w<five their lights eo (he dcvdopcr":;- lee I))" <;(hol" fcc: a'Ssoci at~{) wi·tl.! ac.q.~ lisi(ion and/or
rchabi litarjl)l\, or obtaiil:l w.,i.vcr 01' lhis requirement fro m VHDA prior to applica~ioll flllbmissicn to rl'-c(>jve tilesc. poil.lill.
a. Applicant agrees to waive all rights to any developer's fee or
other fees associated with acquisition and/or rehab. 0 Yes 0 n/a
b. Applicant has obtained a waiver of this requirement from VHDA
prior to the application submission deadline. 0 Yes 0 n/a
II. Is the development located in a census tract with a poverty
rate <10% with no tax credit units currently present? 0 Yos 0 No
12. Is the development listed on the RD 515 Rehabilitation
Priority List? 0 Yes 0 No
13. Congressional District hlto:h'~!<l;SS!@< ·, a. usic,wlIes!J200 1PDFs.'otlag7T..c.pc f.
Planning District 16 tfTIo:IA'-Yvw. vap:1c.,Q!g/Mou~Qdcs htrnllPDC%ZOM3p
State SelUlte District 2 rrttP,lfa:sgis.staI6.." . ,"s,ls<,ni!$'?1200 1PDFS!CMQ.~'Tj!Jtr,.<!.\
State House District 99 '\"p:Hd.!Sgis.5lQt~ous eJLQ.01 HO"gPQf.~!lI"n~b. ~
14. o Location Map Attached (TAB A)
B. Project Descrlpdon:
In the space provided below, give a brief description of the proposed project.
Angel Court involves the new constrUl.:tion of iO single-story buildings conUl.ining 24 two- and thrt'e-bedroom apartmenL~. These buildings
will be constructed in accordance with Universal Design principles and will exceed EanhCraft certification requirements. Planlled amenities
at Allgel Court include solar hot W<ller, sustai nable tloor!ng . impI()'Ied stormwater managel\Wnt, and .,imihr "gn!(,u" impwV'.lmetllS .
2009 Page I
Low Income Housing Tax Credit Application For Reservation
C. Reservation Request
1. Total annuru credit amount request (Must be the same as Part IX-OS) $323,000
2. Credits requested from:

9% Credits
o Nonprofit Set-Aside (All nonprofit owned developments which meet tests
described in Part II-D hereof may select this)
o Local Housing Authorities o Tidewater MSA Pool
o Northern Virginia MSA Pool o Small MSNMicropolitan Pool
o Richmond MSA Pool o Rural Pool
o Non-Olmpetitive Pool (Preservation) o Non-Competitive Pool (Disability)
o Tax Exempt Bonds

o Dew construction, Q!
o rehabilitation, 2!
o acquisition and rehabilitation.
Federal Subsidies
o The development will nor receive federal subsidies.
o This development will receive federal subsidies for:

o all buildings or
o some buildings.
D. Type(s) of Allocation/Allocation Year
1. Regular Allocation
o All of the buildings in the development are expected to be placed
in service this year. For those buildings the owner will, this year, request an
allocation of2008 credits for 0 new construction, or
o rehabilitation, or
o acquisition and rehabilitation.
2. Canyforward Allocation
o All of the buildings in the development are expected to be placed
in service within (wo years after the end of this calendar year, 2009, but the
owner will have more than 10% basis in the development before the end of six
months following allocation of credits. For those buildings, the owner requests
a canyforward allocation of 2009 credits pursuant to Section 42(h)( 1)(E) for:
o new construction, Q[
o rehabilitation, Q[
o acquisition and rehabilitation (even if you acquired a building this year and
"placed it in service~ for the purpose of the acquisition credit, you cannot receive
me 8609 form for it until the rehab 8609 is issued for that building once the rehab
work is "placed in service" in 20 I 0 or 20 II).
3. Federal Subsidies
o The development will not receive federal subsidies.
o This development will receive federal subsidies for:
o all buildings or
o some buildings.
2009 Page 2
Low-Income Housing Tax Credit Application For Reservation
E. Acquisition Credit Infonnation

NOTE: Ifno credits are being requested for existing buildings being acquired for the development,
so indicate and go on to Part F: 0 No Acquisition
Ten-Year Rule For Acquisition Credits
o All buildings satisfy the lO-year look-back rule ofIRC Section 42 (d)(2)(B), including the
10% basisJ$15,OOO.OO rehab costs ($10,000 for Tax Exempt Bonds) per unit requirement.
o AU buildings qualify for an exception to the lO-year rule under IRC Section 42(d)(2)(D)(i),
Subsection (I) 0
Subsection (II) 0
Subsection (III) 0
Subsection (IV) 0
Subsection (V) 0
o A waiver of the 1O-year rule for all buildings has been or wiU be requested from the
Department of the Treasury pursuant to IRe Section 42(d)(6)(B)
o Different circwustances for different buildings: Attach a separate sheet and explain for each
building.
F. Rehabilitation Credit Information
NOTE: If no credits are being requested for rehabilitation expenditures, so indicate and go
on to Section D. 0 No Rehabilitation
Minimum Expenditure Requirements
o All buildings in the development satisfy the rehab costs per unit requirement of IRe
Section 42(e)(3)(A)(ii).
o All buildings in the development qualify for the IRe Section 42(e)(3)(B) exception to the
10% basis requirement (4% credit only).
o All buildings in the development qualify for tbe IRe Section 42(f)(5)(B)(ii)(II) exception.
o Different circumstances for different buildings. Attach a separate sheet and
expJam tor each butLdmg.
2009 Page 3
ll. OWNERSmp INFORMATION

NOTE: VHDA may .IJoeete credits ooly to the tax-paying emily which owtUI the development at !he time of Ihe allocation. The ~ ,.Ownct" heKin refm to wet entity. P~:Ie fill in the legal
name of the owner. The ownership emily must be formed prior to Silbmitling llIi, AwlitjlUon. Any mnsfer, direct or indin:ct, of portncn.hip irotaeI!ts (except those involving the admission of
limited ""nnel'S) prior to the placec!·in«rVice date of !he proposed developcnau &hall be probibited, unIe.. the InInsfcr is c~ 10 by VMOA in ilS ,ole di3cretion. 11\ rrORT.\jI' r, The
Ownor nJlIue ll..l~d 00 rbi. pni:~ llIuSI "'<ttch rX~Clly Iho owncr II1lIDC listeel on tI,C Viq!inia Slotc Corporal ion Cunl!n<s.ion Ccrtlflc3lilln.
Must IX! 8n iodividua I or legally fonned entity
A. Owner Information:
Name Angel Court, LLC
Contact Person
Address
First Fronce
:--------
l0073 Kings Highway
Middle: W.
------ Last: Wardlaw
(Street)
Klfig veorge VA L!4X,
(city) (State) (Zip Code)
Federal 1. D . No. TBD (If not available, obtain prior to Allocation)

Phone 540-775-3492 Fax 540-1'75-5318 EmaJJ address project faith@verizon .net
Type of entity: 0 Limited Partnership 0 Other ,Limited Liability Company
o
IndividuaJ(s) 0 Corporation
o Owner's organizational documents (e.g. Partnership agreements) attached (Mandatory TAB B)
o Certitication from Virginia Stale Corporation Commission attached (Mandatory TAB C)
Principal(s) involved (e.g. general partners, LLC members, controlling shareholders, etc.):
Names ':"" Phone Type Ownership % Ownership
Angel Court Management Corporation 540-775-3492 Sole Member 100.00%
Project FAITH, Ioc.; France Warataw 0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
'nils should be 100% of we GP or managing merntbe:]:' im teres I:, 100.00%
"'~ These should be the names of individuals who comprise the GP or managing members, not simply the names of
separate partnershlps or corporations WhiCh may compnse those components.
o Principals' Previous Participation Certification attached (Mandatory TAB D), resume, & ownership structure chart.
B. Seller Information:
Name Project FAITH Phase Two Development, L.L.C. Contact Person Fro~n~c~
e~W
~ ar~
d...
la~.w
~_ _ _ _ _ _ _ _ _ _ _
Address 10073 Kings Hlghway
King George, vA 224&5 Phone 540-'/75-3492
Is there an identity of interest between the seller and owner/applicant? o Yes 0 No

If yes, complete the foUowing:
Principal(s) involved (e.g. general partners, controlling shareholders, etc.)

Names Phone Type Ownership % Ownership
Angelwood II Management, Inc. 540-775-3492 Managing Member 0.01%
(controlled by Project FAITH, Inc.) 0.00%
0.00%
0.00%
2009 Page 4
Low-Income Housing Ts.x Credit Application For Reservation
C. Development Team Information:

Complete the following as applicable to your development team.
1. Tax Attorney Tom Thome-Thomsen Related Entity? DYes 0 No

Fino Name: Applegate & Thome-1bomsen
Address: 322 South Green Street, SUite 400; Chicago, llJ 60607
Phone: 312-421-8400 Fax: 312-421-6162
2. Tax Accountant: Michael Vicars Related Entity? DYes 0 No

Finn Name: Dooley & Vicars CpAs, L.L.P.
Address: 21 South Sheppard Street; Richmond> VA 23220
Phone: 804-355-2808 Fax: 800-555-4322
3. Consultant: Related Entity? DYes 0 No

Firm Name: Role:
Address:
Phone: Fax:
4. Management Entity (Contact): Fronce Wardlaw Related Entity? o Yes 0 No

Firm Name: Project FAITH, Inc.
Address: 10073 Kings Higbway, King George, VA 22485
Phone: 540-775-3492 Fax: 540-775-5318
5. Contractor (Contact): Todd Peacock Related Entity? DYes 0 No

Firm Name: Community Rousing Partners CorporatIon
Address: ~3iJ CamE ria Street, NE; ChnstJansburg, VA 24i'l73
Phone: 540-382-2002 Fax: 540-382-1935
6. Architect: Colin Arnold Related Entity? DYes 0 No

Finn Name: Commuruty Uesign StudIO, ITl;
Address: lJ3U rambna Street, l'lE; CliiistiansEurg, V A l~On
Phone: 540-382-2002 Fax: 540-382-1935
7. Real Estate Attorney: Johnson Kanady, ill Related Entity? DYes 0 No

Firm Name: Kanady & Quinn, P.C.
Address: '7r:m
Glen Forest Drive, SUite 11U; Ridimond, VA ~~~~()
Phone: 804-282~8494 Fax: 804-282-8496
8. Mortgage Banker: Related Entity? DYes 0 No

Firm Name:
Address:
Phone: Fax:
9. Other (Contact) : Related Entity? DYes 0 No

Finn Name: Role:
Address :
Phone: Fax:
2009 Page 5
Low-Income Housing Tn Credit Application For Reservation
D. Nonprofit InVolvement:
Applications For 9% Credits - Must be completed in order to compete in the nonprofit tax credit pool.
All Applicants - Must be completed for points for nonprofit involvement under the ranking system.
Tax Credit Nonprofit Pool Applicants: To quaUfy for the nonprofit pool, an organization descn"bed in IRe Section SOl
(c)(3) or 501 (c)(4) and exempt from taxation under IRe Sectioo SOl (a), whose purposes include the fostering of low-income housing:
t. Must "matmally participate" in the development and operation oflhe project througtlout tbe compliance period.
2. Mu&.1 own all general partnership mteresls in the development.
3. Must not be affiliated with OJ controlled by a for.profit organization.
4. Must not have been fonned for tlte principal purpose of competition in the nonprofit pooL and
S. Must not have any BllIffmember, or member of the nonprofit's boerd of directors materially participate in the proposed project
as a for-profit entity.
All Applicants: To quality tor points under the ranking system. the nonprofit's involvement need not necessarily
satisfy all of the requirements for p!lTticipation in the nonprofit tax credit pool.
I. Nonprofit Iovolvement (All Applicants)

If there is nO nonprofit involvement in this development, please indicate by checking here:
o and go 00 to part III
2. Mandatory Questionnaire
If there i§. oonprotit involvement, you must complete the Non-Protit Questionnaire
o Questionnaire attached (Mandatory TAB E)
3. Type of involvement
oNonprofit meets eligibility requirement for points only. not pool or
oNonprolit meets eligibility requirements for nooprofit pool and points.
4. Identity of Nonprofit (AU nonprofit applicants)
The nooprofit orgauization involved in Ibis development is:
o the Owner
o the Applicant (if different from Owner)
o Other
Project FAITH. Inc.
(i'lame of nonprol'ltj
Fronce Wardlaw 10073 Kings HighWay
(COntacI Person) (Street AddfeSS)
King George VA 22485
(city) (StIle) (Zip code)
?40-775-3492 540-775-5318
(Phone) (Fax)
5. Percentage of Nonprofit Ownership (All nonprofit applicants)

Specify the nonprofit entity's percentage own~hjp or the general parmership interest: 100.0%
2009 Page 6
III. DEVELOP.MENT INFORMATION
A. Structure and Units:

1. Total number of aU units in development 24
Total number of rental units in development 24 bedrooms 52
Number of low-income rental units 24 bedrooms 51
Percentage of rental units designated low-income 100.00%
2. The development's structural features are (check aU that apply):
o Row House! 1'ownbouse o Detached Smgle-tamlly

o Garden Apartments o Detached Two-family
o Slab on Grade o Basement
o Crawl space Age of Structure: new
o Elevator Number of stories:
-----
3, Number of new units 24 bedrooms 52
Number of adaptive reuse units ---....,O.... bedrooms --...,0....
Number of rehab units
-------- o bedrooms 0
-----
4. Total Floor Area For The Entire Development 28,500.04 (Sq ft.)
5. Unheatedi'loor Area (Breezeways, Balconies, Storage) 0.00 (Sq. fl.)
6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)

(Not eligible for funding)
7. Total Usable Residential Heated Area 28,500.04 (Sq. ft.)
8. Number of Buildings (containing rental units) to
9. Commercial Area Intended Use:
10. Project consists primarily of a building(s) which is (are)(CHOOSE ONLY ONE)
o Low-Rise (1-5 stories with any structural elements made of wood)

o Mid-Rise (5-7 stories with!!Q structural elements made of wood)
o High-Rise (8 or more stories with no structural elements made of wood)
B. Building Systems:
Please describe each of the following in the space provided.
Community Facilities: Community open space
Exterior Finish: Vinyl and Hardiplank: siding with asphalt shingles

Heating/AC System: Heat pump with air conditioning
Architectural Style:
2009 Page 7
C. Amenities:
1. Specify the average size per unit type: (Including pro rata share of heated common area)
Assisted Lvg 0.00 SF lBdrm BId 0.00 SF 3-Bdrm Gar 1.479.00 SF
I-Sty-Eff-Eld 0.00 SF 2Bdrm BId 0.00 SF 4-Bdrm Gar 0.00 SF
I-Sty IBR-Eld 0.00 SF Eff-Gar 0.06 SF 2-Bdrm TH 0.00 SF
I-Sty 2BR-Eld 0.00 SF I-Bdrm Gar 0.00 SF 3-Bdrm TH 0.00 SF
Eff-EId 0.00 SF 2-Bdrm Gar l,l29.20 SF 4-Bdrm TH 0.00 SF
2. Total gross usable, heated square feet for the entire project less nonresidential commercial area:
28,500.04 0 l)ocwnentation attached (TAB F) Mandatory
(sq. ft.)
NOTE: All developments must meet VHDA's Minimum Design and Construction Requir ements.
By signing and submitting the Application For ReservCltion of Low Income Hou ing Tax Credits the
applicant certifies that the proposed project budget, plans & specifications (lnd work write-ups incorporate
all necessary elements to fulfill these requirements.
3. Check the following items which apply to the proposed project:

o Documentation attached (TAB F Architect Certification) Mandatory
For any project, upon completion of constructionlrehabUitation: (Optional Point items)
0% a(1) Percentage of2-bedroom units that have 1.5 bathrooms

---
100% a(2) Percentage of 3 or more bedroom units that have 2 bathrooms
0 b. A community/meeting room with a minimum of 749 square feet is provided
34% c. Percentage of exterior walls covered by brick (excluding triangular gable ends, doors and windows)
0 d. All kitchen and laundry appliances meet the EPA's Energy Star qualified program requirements
0 e. All windows meet the EPA's Energy Star qualified program requirements
0 f. Every unit in the development is heated and air conditioned with either (i) heat pump units with both a
SEER rating of 14.0 or more and a HSPF rating of g.2 or more and a variabJe speed air handling unit
(for through- the-wall heat pump equipment that has an EER rating of 11.0 or more), or (ii) air
condition.ing units with a SEER rating of 14.0 or more and a variable speed air handling unit, combined
with gas furnaces with an AFUE rating of 90% or more
o g. Water expense is sub-metered (the tenant will pay monthly or bi-monthly bill)
o b. Each bathroom consists only oflow-flow faucets (2.2 gpm max.) and shower-heads (2.5gpm max.)
o i. Provide necessary infrastructure in all units for high speed cable, DSL or wireless internet sevice.
o J. All water heaters meet the EPA's Energy Star qualified program requirements.
2009 Page 8
Low Income Housing Tax Credit Application For Reservation
For aU projects exclusively serving elderly and/or handicapped tenants, upon completion
of constructiOn/rehabilitation: (Optional Point items)
o a. All cooking ranges will have front controls
Db. All units will have an emergency call system
Dc. All bathrooms will have an independent or supplemental heat source
o d. All entrance doors have two ~e viewers, one at 48~ and the other at standard height
For all rehabilitation and adaptive reuse projects, upon completion of construction or
or rehabilitation: (Optional Point items)
o The structure is listed individually in the National Register of Historic Places or is

located in a registered historic district and certi tied by the Secretary of the Interior as
being of historical significance to the district, and the rehabilitation will be completed
in such a manner as to be eligible for historic rehabilitation tax credits
Accessibility
Cbeck one or none 01 lhe tollowmg pomt categones, as appropnate:
o For any non-elderly property in which the greater of 5 or 10% of the units (i) provide federal project-based rent subsidies or
equivalent assistance in order to ensure occupancy by extremely low-income persons; (ii) conform to Hun regulations
interpreting accessibility requirements ofsecrion 504 of the Rehabilitation Act; and (iii) are actively marketed to people with
special needs in accordance with a plan submitted as part of the Application. (If special needs include mobility impairments
the units described above must include roll-in showers and roll under sinks and front controls for ranges).
o For MY Don-elderly property in which the greater of5 or 10% of the units (i) have rents within HUD's Housing Choice
Voucher ("HCV, payment standard; (ii) confonn to HUD regulations interpreting accessibility requirements of section 504 of
the Rehabilitation Act; and (iii) are actively marketed to people with mobility impainnents, including HCV holders, in
accordance with a plan submitted as part the Application.
o For any non-elderly property in which at least four percent (4%) of the units conform to HUO regulations interpreting
accessibility requirements of section 504 of the Rehabilitation Act and are actively marketed to people with mobility
impainnents in accordance with a plan submitted as part of the Application.
Earthcraft or LEED Development Certification

Applicant agrees to obtain Earthcraft or LEEO certification prior to issuance of IRS Fonn 8609. Architect
certifies in the Architect Certification that the development's design will meet the criteria for such certification.
o Yes - Il:arthcraft D Yes - LEIW
If Yes to either, attach appropriate documentation at TAB F
LEED Accredited Design Team Member

One or more members of the design team is a LEEO accredited professional.
G Yes 0 No It Yes, attach appropnate documentallon at T A8 F
Universal Design - Unil!l Meeting UniversallJcslgn Standards

a. The architect of record certifies that units will be constructed to meet VHDA's Universal Design standards.
B Yes 0 No If Yes, attach appropnate documentation at TAB F
b. Nwnber of Rental Units constructed 10 meet VHDA's Universal Design standards:
24 Units 100%
vaDA Certified Property Management Agent

Owner agrees to use a VHDA Certified Property Management Agent to manage the property.
o Yes 0 No
o Yes DNo 0N/A The market-rate units' amenities are substantially equivalent to those of the
low-income units. lfno, explain differences:
2009 Page 9
Low-Income Housing Tax Credit Application For Reservatioo
IV. TENANT INFORMATION
A. Set-Aside Election: UN.fTS SELECTED BELOW IN BOTH COLUMNS DETERMINE

POnNTS FOR THE BONUS POINT CATEGORY
Note: In order to qualify for any lax credits, II development must meet one of two minimum thresbold occupancy tests. EitheT (i) at least 20% of the unitS
must be rent-restriCted and occupied by persons whose incomes are SOOA. or less of the area median income adjusted for family size (this is called the 20/S0
test) or (ii) at least 40% of the units must be rent-restricted and occupied by per!()DS whose incomes are 600A. Of less of the area median income adjusted for
frunily 8ize (this is ctJ.\ed the 40160 test), all /IS described in Section 42 of the IRe. Rent-and income-restricted units are known /IS low-income units. If you
have more low. income units than required, you qualify for more credits. If yoo serve lower incomes than required, you receive more poinls undeT the ranking
system.
Uoits Provided Per Household Type:

Income Levels Rent Levels
# ofUnJts % of Units # of Units % ofUni~
0 0.00% 40% Area Median 3 12.50% 40010 Area Median

24 HlO.ooulo 50% Area Median :ll 87.50% 50% Area Median
u 1:l.0U'90 60% Area Median 0 O.OOl'lo 60% Area Median
0 1J .01J~0 Non-LMIUnits 0 0.00% Non-LMI Units
l4 100.00% Total l4 100.00% Total
B. Special Bou~ing Needs/Leaslng Preference:
1. If 100% of the low-income units will be occupied by either or both of the following special needs
groups as defined by tne United States Fair Housing Act, so indicate:
o Yes Elderly (age 55 or above)
o Yes Physically or mentally disabled persons (must meet the requirements of the federal
Americans with Disabilities Act)
2. Specify the number of low· income units that will serve individuals and families with cllildren by
providing three or more bedrooms: 4 Number of units 17% of total low-income units
3. If the development has existing tenants, VHDA policy requires that the impact of economic andlor physical
displacement on those tenants be minimized, in which Owners agree to abide by the Authority's Relocation
Guidelines for LIHTC properties.
4. If leasing preference will be given to applicants on public housing waiting list and/or Section 8
waiting list, so indicate:
o Yes
o No
o Locality has no such waiting list; If yes. provide the following information:
Organization which no1ds such waiting list Central Virginia Housing Coalition
Contact person (Name and Title) M~ Anne Bryant, Deputy Drrector
Phone Number 540-604-9943 o Required documentation attached (TAB H)
5. If leasing preference will be given to individuals and families with children.
(Less than or equal to 20% of the WIits must have of 1 or less bedrooms).
o Yes
o No
2009 Page 10
Low-Income Rousing Tn Credit Application For Reservation
v. LOCAL NEEDS AND SUPPORT
A. Provide the name and the address of the chief executive officer (City Manager, Town Maoager, or
County Administrator) of tbe political Jurisdiction in whicb the development will be located:
Chief Executive Officer's Name Travis Quesenberry
Chief Executive Officer's Title ~--~~~~~---------------------------------------------
County Administrator
Street Address 10459 Courthouse Driv-=e,:"':";:;Sw:':":'~te-=-:2';':O::::O:::':":'':-=-'---------------------P~h~o-n-e""""':'5~40::-.-:::7~75:--::-91:-:8:":'1-----------
City King George Stale VA Zip 22485
------------------------
Name and title oflocal official you have discussed this project with who could answer questions for the
local CEO: Jack Green, Director of Communil)' Development
o Letter from CEO attached (TAB I) 0 CEO letter [0 be submitted separately by June I, 2009
VHDA notification letter to CEO submitted prior to 5:00 PM 3/5109 : (9% competitive credits only) 0 Yes 0 No
If the property overlaps anotber jurisnictlon pleau fill In the following:

Chief Executive Officer's Name
Chief Executive Officer's Title
Street Address Phone
City State Zip
-------------------
Name and tjtle of local official you have discussed this project with who could answer questions for the
local CEO:
o Letter from CEO attached (TAB f) 0 CEO letter to be submitted separately by June [, 2009
VHDA notification letter to CEO submitted prior to 5:00 PM 315109: (9% competitive credits only) 0 Yes 0 No
B. Project Schedule
ACTUAL OR NAME OF
ACTIVITY ANTICIPATED PERSON
DATE RESPONSIBLE
Site
Option/Contract May 2009 Fronee Wardlaw
Sile Acquisition November 2009 Fronce Wardlaw
Zoning Approval May 2009 f ronce Wardlaw
Site Plan Approval December 2009 Fronce Wardlaw
Flnandng
A. Conltructlon Loan
Loan Application August 2009 Froncc Wardlaw
Conditional Commitment November 2009 Fronce WaJdlaw
Finn Commiunent January 2009 fronce Wardlaw
B. Permanent Loan - First Lien - - -
Loan Application Augusl2009 Fronce Wardlaw
Conditiona1 Commitment November 2009 France Wardlaw
finn Commitment January 2009 Fronee Wardlaw
C. Pemument Loan-Second Uen
Loan Application June 2009 Froncc Wardlaw
Conditiolllli Commitment November 2009 Fronce Wardlaw
Finn Conunitmenl J~j)uarY 1009 Fronee Wardlaw
O. Other Loans & GranU
1)'pe & Source, List
Application IApril 2009 Fronce Wardlaw
Award/Commitment July 2009 FroDce Wardlaw
Formation of Owner Marcb 2009 Fronce Wardlaw
IRS Approval or NODprofit Status January 2002 Froncc Wardlaw
ClosIng and Tr1lnsfer of Property to Owner November 2009 Fronce Wardlaw
Plans and Specificalions, Working Orawlngl December 2009 Colin Amold
Building Permit Is.ued by Local Government January 2010 Frol1ce Wardlaw
Start ConstructIon Jan03JY 2010 Todd Peacock
BegIn Le8.S&-Up December 20 I0 Froncc Wardlaw
Complete ConrtTuction December 20 10 Todd Peacock
Complet~ 1.eaJe..Up February 20 II Froncc Wardlaw
Credit Placed in Service Date December 2010 Fronce Wardlaw
2009 Page 11
Low-Income Housing Tu: Credit Application For Reservation
VI. SITE CONTROL
~ Site control by Ihe Owner identified herein is a mandatory precondition of review of this application. Documentary evidence of it,
in the fotlTl of eilller II deed, option, purchase contract, or lease for a term lOnger thaD the period of time the property will be subject to
occupancy restrictions must be included herewith. (9% Competitive Credits - An option or contract mUit extend beyond the
application deadline by 8 minimum of four monthli.)
Warning; Site control by an entiry other Ihan the Owner, even ifit is a closely related party, is not sufficienr. Anticipated future transfers
to the Owner are not sufficient. The Owner, as identified in Subpart II-A. must have site control at the time this Application is
iubmitted.
NOTE: If the Owner receives a reservation of credils. !be property must be titled in the name of or leased by (pursuant 10 8 Iong-tet1Tl
lease) the Owner before the allocarion of credits is made this year.
Contact us before you submit this application if you have any questions about Ibis requirement.
A. Type of Site Control by Owner:
ApplIcant controls Site by (select one and attach document - Mandatory TAB K)
o Deed - attached
o
o
Long-tenn Lease - attached (expiration date:
Option - attached (expiration date:

---------------)
11101109 )
o ---------------------
Purchase Contract - attached (expiration date_:
---------------)
If more than one site for the development and more than one fonn of site control, please so indicate
o and attach a separate sheet specifying each site, number of existing buildings on the site. if any,
type of conlrol of each site, and applicable expiration date of fonn of site control. A site control
document is required for each site.
B. Tti.m..lng of Acquisition by Owner:

Select one:
o Owner already controls site by either deed or long-term lease or
o Owner is to acquire property by deed (or lease for period no shorter than period property
will be subject to occupancy restrictions) no later than 11 (01/09 (must be prior to November 6, 2009).
If more than one site for the development and more than one expected date of acquisition by
Owner, please so indicate 0 and attach separate sheet specifying each site, number of existing
buildings on the site, if aoy, and expected date of acquisition of each site by the Owner.
C. Market Study Data:
Obtain the following infonnation from the Market Study conducted in connection with rhis tax credit application and enter below:
Project Wide Capture Rate - LTHTC Units 59.00%

Project Wide Capture Rate - Maricel Units 0.00%
Project Wide Capture Rate - All Units 59.00%
Project Wide Absorption Period (Months) 7
2009 Page 12
C. Slte Description
I. Exact area of site in acres 8.432
2. Has locality approved a tinal site plan or plan of development?

DYes 0 No
o Required documentation form attached (fAB L)
3. Is site properly zoned for the proposed development?

o Yes ONo
o Required documentation form attached (fAD M)
4. Will the proposal seek to qualify for poinlS associated with proximity to public transportation?
o Yes oNo
o Required documenlJldon form aUached (TAB A)
D. Photographs
Include photograplls 01' lhe Site and any eXlstUJg structure(s) In TA.I:t O. ~'or rebabl.lltllUon projects,
provide interior pictuTes which document the necessity of the proposed wOlk
E. PlaM and S peelflc-atio ns
Minimum submission requirements for all properties (new construction, rehabilitation and adaptive reule)
I. A location map with property clearly defmed.

2. Sketch plan of the site showing ovemll dimatsions of main building(s), major site elements
(e.g., parking lOIS and location of existing utilities, and water, sewer, electric,
gas in the streets adjacent to the site). Contour Jines and elevations are not required.
3. Sketch plans of main building(s) reflecting overall dimensions of:
a. Typical floor p1an(s) showing apartmenr rype5 and placement
b. Ground Ooor plan(s) showing common areas;
c. Sketch floor planes) of typical dwelling ooiI(5);
d. Typical wall section(s) showing fOOling, foundation, wall aDd floor stI1Icture.
Notes must indicate basic materials in structure, floor and exterior finish.
In addition: required documentation for rehabilitation properties
A unit-by-unil work write-up.
o Plans and specificationslunit-by-unit work writeup attached (T A.8 P) or

121 Plans and specificationslunil-by-unit worle wrjte\Jp submined separately
2009 Page 13
Low-Income Housing Tax Credit ApplicatIon For Resuwtion
VII. OPERATING BUDGET
A. Rental Assistance
I. Do or will any low-income units receive rental assistance?
Dyes 121 No
2. If yes, indicate type of rental assistance:
o Section 8 New Construction Substantial Rehabilil8.t1on

o Section 8 Moderate Rebabilillllion
D Section 8 Certificates
D Section 8 Project Based Assistance
o RD SIS Rental Assistance
o Section 8 Vouchers
o Slate Assistance
o Other:
3. Number of units receiving assistance: o

Number of years in rental assistance contract: o
Expiration date of wntract:
o Contract or other agreement artached (TAB Q)
B. Utilities
1. Monthly Utility Allowance Calculations
V,iIlies Type ofUtilily Utili.;.. EIlJ ... AIIoWOJlQS t.y Bedroom Siu
(Gas. EIccIrie. 0iJ, dt.) PlIidby: o.bdr I·bdr 2-bdr 3-bdr 4··l>r
HeIIIing I
r - Own.,- I'l: TClloot 0 0 ~6 ~~ 0
Air O>nditiooing Owna I!: TCOIlIlI 0 0 ? 9 0
Cookillg I
I
Owner I! TCIIiOIlI 0 0 4 4 0
Li;htins Owner I! Tenani 0 0 20 13 0
HotW3J.a r-- Owncr ~ TeDlllI 0 0 n IS 0
Wota I! Owoc:- T_ O 0 0 0 0
~ I! Owner r - Tamil II 0 0 I) 0
Trash
~ EJOwncr Tenam 0 0 0 0 0
T",a1 wility aUowaDCe for CGSU paid b:i ,cnan. $0 $0 S70 saJ SO
2. Source of Utility Allowance Calculation (Attach Documentation TAD Q)

o HUD
D Utility Company (Estimate) o Local PHA
o Utility Company (Actual Survey) o Oilier: _V~
· ~~!D~A~
H C~.~V______________
2()()9 Page 14
Low-Income HouiiJlg Tax Credit Appllestlon For Reservation
C. Revenue
l. Indicate the estimated monthly income Cor the Law-IKO"'. UnltJ: ••
Total Nwnberof Total Monthly
Unit Type Tax Credit Unit!! Rentallnwme
Efficienc~ Unils 0 $0
1 Bedroom Unil$ 0 $0
2 Bedroom Units 20 $12,230
3 Bedroom Units 4 ~,120
4 Bedroom Units 0 SO
Total Number of Tax Credil Unils 24
PillS Other Income Source (list): SO

EQuals Total Monthly Income: Sl4,950
Twelve Months xl2
Equals Annual Gross Potenlial Income $179,400
less Vacancy Allowance ( 7.0% ) $12,558
Equals Annual Et'tecllv~ Grtm 1""0_ (EGJ) - (.()"" Income UnIts $166,842
. , &itnntng at Row 7S enter t~ appropriate data for both ~ and m!'!!5:1 Tal! unIts In the ydlow Ihaded cells.
2. [ndicale the estimated monthly income for the Market Rate UnltJ: ••
Total Nwnber of Toial Monthly
UnitT~ Market Units Rental lncome
Efficiency Units 0 $0
1 Bedroom Unil$ 0 $0
2 &droom Units 0 $0
3 Bedroom Units 0 $0
4 Bedroom Units 0 $0
TOlal Number of Marlcet Unita 0
Plu£ Other Income Source (liSI): $0

EqllJ.ls TOlaI Monthly Inwrne: $0
Twelve Months xl2
Equal;; Annual Groos Potenlial Income $0
Less Vacancy Allowance ( 0.0% ) $0
Equal. Annual Effective. Gross Income (EGJ) - M£rlu:t bte Uni1l SO
(1) Documentation in Support of Operating Budget attached (TAB R)
List numher cf Imits by type, TOTAL UNITS
A.SSISTEO LVG EFf·ELD 180RM·ELO 2 8 0 RM·ELO 1 BORM·GAR

o o o o
2 BD R..... GAR 380RM.GAR 480 RM-GAR 2 80RM·TH 3ao RM·TH 480RM-l'H
20 o q. o
1 STYcEFF-ELO j ST Y~ BR·ELD Nule: PI.", bo ~u.~ 10 cnl~' tho numb•• or "rills In Ihe
!lpP('(tpri:tlCl unlt ~l('g(H)' . If Hul. )'0\1",,111 find :.u t error on
the s<oreshcer 01 511 . 6" & ~b.
List number of units- by type: T AX CREDIT UNI'1'S

ASSISTED LVG EFF·ELO 180 R..... ELO ? SO RM-ELD eFF·GAR 1 BORM·GAR
0 0 o o
2 aD RM-GAR lBDRM·GAR " BORM·GAR 2 80 RM-TH 380 RM·TH 4 BO RM-TH
20
1 STY·EFF-ELO \ Sl'Y·l 8R·ELO t STY-2 BR.-lOLO

0 l)
EffiCiencY'Ullits
Unit TypeJ Net Rentable Toial
Rant Targe1jng Number Ulijs Square feet MorthlyRem
Efliciency - 40%
Efficiency· 40%
Efficiency - 40%
2009 Page 15
._._ .. _0._._- ..- .- 1.-.._..o.':~il._.. ". __ $
b$~---·-··-·:--
Efficiency - 40%
Efficiency • ~ c I O,~r;. :~ - S
Efficiency· 40%
-----0}0 - - [ _
r- c,vc.- - ~t;
.- - - - •-.. s
It--·:-··
...
efficiency· 40%
,~~ .. ,--....(;-- - .- .J.r~~ _ _ ._~ s
Effidency • 40% I o{~O $
Efficiency - 40% (i
! (f,OO .. $
Efficiency - 40"-
,-
--
_......__..- _._--.
0 \
.- --0.;)...0..... - -.-
O ,O~ ) H .~-... ---, .~-
$
_-_._ t= . .E
Efficiency - 40% (J $
Efficiency - 40% Ci -"--F,;jlj-- -'" $
Efficiency • ~ 0
~)-
() $
s
Efficiency· 40%
Efficiency· 40%
...
-----
0
n
..... l),i:O
OJ'i) 'i-'-'-'-- :- $
Effi6eocy • 50"-
Efflclency • 50%
Effldency • 50%
Efficiency· 50%
---"-'~i---
'---{j-- -
I~<c:~ ~-
;'-i.
=::=q
.. l~ CLOO .-
:
$
Efficiency·5O% o I C.CO i ~~ . $
Efficiency· 50%
Efficiency· 50%
.. - . .- - - - 1 - -- ". - t·"'- -- - --
_ _-2 ____ i,---O.9:~--·. l-~.
c·
s
, ~ , ()(l $
---
• $
Efficiency· 50% S
-=- .
Efficiency· 50% $
Efficiency· 50% $
Elflcieocy • 50% .....·----O---·~ J-_~:. i(;O---~ _ ) --~I $
1----- _°._---- - .. ~?~ ~.. -.",--." .-

Efficiency • 50%
!.- ...--. $
Efficiency - 50% ____U_.__. .... ~:'P.. __ ._ ~ ____,_ "_ $
Efficiency - 50%
Efficiency - 50%
;. . . . . . . ,. {_. --- -,--. . ·b~~~. ·--···i-..··-.. .. -:.-. :
Efficiency· 60%
Efficiency • ~O% .,
-... - . - -- .-
(I
(;
..
Ej~~---· ·-1 ...~ . $
•• - .. _ , _ . _ . " 0 '
..
S
S
s
I-·-·~~--"-' ...-.-$ ....
Efficiency·60% .... 'S~ ---- . -
Efficiency· eO%
... .-----_.. ....._'y._
~ $
4 ... • • • • • · ·' _ · · ~ .----.--- -
Efficiency· 6()% (I $ () ,(jO . $

f--""'''- ~;--'''.'~-- 1-'-- ""..--,,_.. .._ . ---
Efficieocy • 6()%
,-..__ ..::' --- _~-===~()~o.~::-= .....$$ '- ..... ----....•. ...-
" " ' '''- "
S
E(flCieocy • 60%
Efficiency • 60%
Effldency - 60"-
. -._-_G..
0 -.. ...- .
1-._. ,. --...:..
~,-. ~.~ .....-~.-- -- ~.

__..
-.- ..- ".--
~
(!
.- _.., - 1),00
... ......
_._- - ....
..-.- s -
- .... . .
[lIJ
$"""..."......_..-:'...-
~. :IO
-- - ~-~ -. -
~
.. .
- ''',,''
.. -- -- ~ "' - ~
$
$
$
Effidency· 60% it
f---,,----- - - L CO ~~,=-:--:-~
~ --, -- ---.
$
Effidency - 60"- ~""' H-.-J~ _ ___ ..• u.___ .~2~. _ __, s . _ . _ _ w ... _ _ •
u
_ $
Efficiency· 60%
Efficiency - 60%
_....-.--_
0
L'
.. ~-~,~~-- ~
t, CO
--.-
$
$
----- $
$
..
Efficiency·60%
Efficiency· 60%
---__" ..
(;
:)00
$ .. -_
_.".,.__., ,,9.:.~~~,_~ . . -:._ ......_..__
.. .-
$ ..
S
s
Tot.oI Efficiency Total Monlhly Elf.
TID( Credit Units: 0 0,00 Till! Ctedll Rem: $
Efficlency • Mal1<st
Effidency - Mar1cet
Efficiency· MaJi<et
Efficiency· Market
Efficiency· Market
Elliclency • Market
Efficieocy • Market
Efficiency· Mar1cel o ao --_.. . __._,-_.._-
$ __ . $
Efficiency • Mar!<et
.,
$
--._- ....-..---
...
$
EfficIency - Market £,
l$ $
Efficiency· Marl<eI __...,._._.. _........
"$'- - -
.-. " .
$
Efficlency - Mal1<st
Efficiency· Mar1c.et
r;
._.... .._-":l,!l0
..."--.... ... _--- $-......
000 ,
$
---.---- ~ ~. -, . -
S
$
Efficiency - MaJi<et
Efficiency - Market
c
o 000
$
.....
~-. ~
$
~ . -~,~...... -- $
$
Total Efficiency
MaftIet Units: o 0 ,00 Total Monthly
Eff. Mar!(Dt Rent ..;$;..._ _ _ __
Total Elf. Unl!$: o Total Elf. Rent s
1..Bedro.o l'n Units

Net Rentable Monthly Rent Total
Bart Taroelloo Nl!!lber Units $gua!) Feet ~ Monthly Rent
2009 Page 15
1 BR-40% o v.00 $
----- - $
1 BR-40%
1 SR- 40%
o (j,G" ~,
-~- ..,.... - .... -- $
1 BR - 40%
1 BR-40%
1 BR -40%
1 BR - 40%
18R-40%
1 8R- 40%
1 BR -40%
1 BR-4O%
1 BR - 40%
1 BR-4O%
1 BR -40%
1 BR-40%
18R-50%
1 SR - 50% _ _ __IJ_ _-! ~;~
;;":(!'----l 1-.:::.
,' _ _ _ __
18R-50% C (lUi s
c-""-- ; ; - --"
1 BR-50% S $
1 BR-5O%
- - - :.-----
(\ ~) 00
.H _ _ __ _ _ . . ... _
$
, BR-50% () s
1 BR -50%
1 BR - 5O%
1 SR -50% s
18ft-50% s
1 BR -50% ~ Oil .
__ . . .._ s
..
. ~ ,. ~ _ . u~ ~ _- _
1 BR -50% $
1 SR · 50% _ ......:°=---__1 ~~~•. -. .,:!-- --- - ... $
1 BR-50%
1 BR-5O% r--+. -"-'-"*:~1; '--' - .~...~;;.-_-_-_-
_.-_._~_. ...J
'-
$
$
1 BR ·60% $:....- - - - - l s
1 SR-6O%
I--~--- .-.--..:- .. . $
1 BR -60% '&
~--- . - . - ..--.-.".
$
1 BR - OO% ~ _:_S _____._ _ $
H-_..----.-:".-
r:==.-
1 BR-60% $
1BR-50% $
1 BR-5O% $
1 BR-SO% $
1 BR-6O%
t~~-------: s
tf~.=-=~:-:=:
1 BR-60% $
, BR -60% s
1 BR·60% s s
1 SR -60% $ S
1 BR-5O% .~-" .. -.-.. .. -.:..- $
1 BR -00% $ $
T~11~ Total r.&onthIy l.aR
Tax Credit Units: o 0.00 Tax CredIt Rellt; $
1 SR - Markel
1 BR - Market
1 BR - Markel
1 BR - Marl<el
1 BR - Mar1<el
1 BR - Mal1<et
1 SR· Market
1 BR - Ma"'&!
1 BR - MaIket
I BR - Maike\
1 BR · Market
1 BR - Market
1 BR - Mar1<el
1 BR - Market
1 BR - Market
TotaI1-BR
lIoIatket Units: o 0 .00 Total Monthly
1-M Market Renl: ...:,$_ _ _ __
2009 Page 15
Total HIR Units: o •
2·8edroom Units
Net Rentable Total
R8ftI Targe1jng Number UnilS Square Feel Morth!y Benl
s
:~::+:=- r--'~~o'!:::=: IiJ-----~,.
2BR·40% 1.605
2BR-40% s
2 BR-40% l~} D.00
=::--1 [' ....-
$
- --1
s
2 BR· 40% o Q,Qv t :~ . s
2 BR-4O%
2 BR·4O%
~-.... ~-...- ~-. -~.:.-- f_i-_
----
___ : _ $
$
2 BR· 40%
---~---
D "'1f-----o:r:i)- r>_:;. ------- S
1-____0=----___ .;:$__________-1
-_...:(~).:. ,__I.---~~-- f~:,--------

2 BR·4O% . O.'j (' 1
' - $
2 BR-40% O.CO ~$ ------ $
2~-40% $
2BR ·40% $
() ,I---O ) - -I r~-'--""""-
= ()('-
2BR-40% $
2 BR' 40%
f-- " ' - - - - "
O
·'''-'0-:00- -'- rS . ·- -- --·- · S
2 BR - 40%
--···- 0- ----- ·-- ·iJ-
. ()-O - --· · I-:~ ··-----' "
S
28R - 40% L-_.....:~_ _--' '--__~O..;(!I.~~____...J $ .. S
2 BR-5O% $ 5.625
2 BR - 50% $ 5.000
2BR-50% $
2 BR -50% $
2 BR -50% $
2SR-50% S
28R-50% $
2BR-5O% S
2BR-50% S
2 BR ·50% $
28R - 50% $
2BR-5O% $
2 BR-5O% $
2 SR-50% $
2BR-50% $
2 M - 60% S
2BR - 60% $
2BR·60% S
2 BR - 60% $
2 BR ·60% $
2 BR - 60% $
2 BR -60% $
2 BR-6O% $
2BR-E10% $
2BR-60% $
2 BR·6O% S
2M - 60% S
2BR -60% $
28R-60% $
2 BR - 60% S
T_,2-8R TotaI.IIonaIly 2.eR
Tax CI'edII Units! 20 2O.363.eo Tax Credit Rent: 12.2JO
2 BR -Market iI.oO $ $
r-s-' --- -.. _- -::-...
2BR -Market $
'-'- --"---'-'-
2 SR - Merkel r.!
[i=~-=~~=~ $
2BR - Me~ p. .. $
2 BR . Mari<at
2 BR - Mal1<et D
o
........ _--_
:l.CO
,·. ---:-.
.. _---- Hi~ "-'--' "''' ' =''' '
S
$
fl
2 BR - Mari<et . 0 - . -- .... •• _ __ . _ .... _ ,_
O.{10 S
~
- .- -- ---.----~ -.~
2 BR - Mar1<et (01)
....!:
, , ----~ ..• - - -. S
2 BR -Market S . S
2 SR- MaIkel $
2 BR- Maiket
2009 2 BR-Malket o i).OO $ $ Page IS
2 BR - Market
28R -MarUI
2BR -MarUI
Total2-8R
E§... -----.-.-.. ~. ' ~~§f-'~=-
U 000
~
0.00
§
'j' -.-_...._......
$
- ' _ .' ---- . ~-
-~."'-
.
$
$
$
Ma~UnllS: 0 0.00 Total Mondlly

2-BR .. met RMII: $
Tocal 2-BR Unl1a: 20 Total~Rent S 12,230
3-B~edrbom. Units
Net Rentable Total
Rert Tat9!!!illQ Number Urits Sou", Fee1 MgnthlyRent
;l BR --«JOI. o ____ -2:!:.~_ .. _"... ,...l ...____..-=-_ $

3 BR-4O% O.Otl $ $
--- -.- - - -. - :-.- - - ---1
3 BR -40% ..."-_.__..._,,-,,.,. .-... -.~-~Q...._-.-. .~..:...-~- ..
() $
3BR-40% o -$ --..._._._. . . $
3BR -40% (\ 'l.oo $ $
38R - 40% ___.!"-_. _ !- __ ..
-P.5::~_. __ .2'________ $
3BR - 40%
..-.~---~ f--'---':~~--" ~'---- S
3BR-40%
38R- 40% '--_ -:l------I. ·-·--..
{':
___._ __ ._ .. ___(;:o;)~
f-- - ..
.... ___--.--.. ------
1_ ____-------
_
I O.DD $ - $
$
3 BR-40%
3 BR-4O%
3 BR -40%
-=.----f;'--=--j ·-···..-*~f--·=~ ~.~_ -
o =l ~
_~-_"_~
i1 (\(1
. _. _."-_._
_ _ __ _ _ ._ __ _ ."
S
$
$
3BFt-40%
3 BR -40% ',----.---,
~:~=.+-==',:..'j f---
~~=~~~~== i. _ _ ._ _
- - - - -..- ,~--.---.
$
$
3BR-40% o 0 bo L.,$;..-._ _ _- - J $
3BR-SO% $ 2,720
lBR-SO% S
3BR-so% $
3 BR - 50% $
3 BR-50% $
3 BR-50% $
3 BR -50% $
3BR -50% $
3BR-50% S
lBR-SO% $
3BR-50% $
3BR-5O% $
3 BR· 50% $
3 eR - 60% $
3 BFt-5O% $
3 BR - 60% S
38R-60% $
3BR·60% S
3BR-60% $
3BR-6O% $
38R-60% $
3 BFt -60% $
3 BR-6O% $
3 BR ·60% $
3BR -60% $
lBR·60% $
3BR-60% $
3BR-60% $
l8R-60% $
3BR-6O% S
TOI8I3-8R Total WootthIy ~
Tax Credit Unlta: 4 5,388.&4 Tn (;Jedit Rent: $ 2,720
2009
l8R· Mafl<et
3 8R - Mar1<et
3 BR • Msl1<et
E§
_ _ , _, •• N ~
,~
, ........ _ _ •• ~
- .~---?:~~--.
- -~
0.00
-
...,.•.. 00/).... ..-.-... - §i"""'--"-'~'" $
$
S Page 15
F-~
3 BR - Malblt _ _
(; Cull $
. -~ ----
"
_
u
~
_
~
~
3 BR - Mllrllet
3 BR-Marllel .. _---_._.
0
G __ r . ...... I
--'--;;01;'-- "
oJ/v
O.frl)
~
$
$
.~ .~
3 8R - Marllet () _ _ _ . .f t .
$
'- ()O() $
3 BR - Marllet (:
3 BR • Mar1<el 0 ~- GOO $ . S
3 BR-M8r11e1 0 O.CO L~._ . _· $
- -- -.r;- - t-Q:OO~-- .. _-_._._-- p-'_- "-

- -'- -- . '.~~
3 BR - M8I1tet (I $
3 BR- Marllet 0.0:1 '[, $
---
:'t00
-.- ~-
~ ------- ..
3 BR - Merlret 0
.-..- - -.. $
.....-. -...
3 BR - Markel (}
~ .--..--
OM.......
--_ ,-, -
S
38R - Markel 0 ·:l.!l() $
TOIaI3-8R
MIIIkeI UnIta: 0 0.00 T0181 IIIo<rIhIV
3-8A Mar1ret Re.-: $
Total 3-8R Units, Taul l-8R Rant $ 2.720
4-Bedroom Units
Net Reliable Total
Rent Targeting Number UrjIs SQuare Feel MOn\hly Benl
4 BR -40% !) $
................. _
.. _.._.•.•._..- s
o4BR-4O%
4BR - 4O%
o
o
. _ _._o-_.._.----
...
0.00
(l() _..._ - -,- - _
$
_..- _._.__ ..--

$
.
$
$
~ ...-.-- -- . - -~-
$
..
$
4BR-4O% _ H " ~ _ _ ' _·_ _ · __
4BR - 40% $
-.-- --.- -...- .
L _ ._ __ _
$
4BR-40% $
4 BR - 40% o
-------- 'l,...
...,.- '-'..--. Ob -- , - ~ ..". s S
4 BR- 40% _. . .. .. -~
(l
"" . -'- ''''.-
0) (10 s
'-" '---~~ "" " " ~- ' -' -
$
o4BR- 40% o ......... _- IJ 00
." --,,- .,, ,- ... -.. $
-,,"""- _..--_..... _....- S
4 BR-40%
--~ -
,,\, ( 1)
...... ---- $ _- - - S
4 8R · 40%
4 BR -40%
----o - - 0.0(' $
$
- ...
......, ....
.,,- - ~-
---.. -.-..
.--.-. ~. -
" . ~
$
$
_ _.. _.. _L~ .

4 BR -40%
$
_~ll..9~ $ .. $
o4BR - 4O%
-._----
4BR-4O% o ~.-'?- ...-.-I ~ . $
48R-5O% $
4BR-5O% $
4BR-5O% $
4 BR -50% $
4 BR-5O% S
4 BR -50% S
4 BR -50% $
o48R - 50% $
4BR - SO% $
4BR - SO% $
4BR-5O% $
o4BR - 5O% $
4 BR- SO% $
4BR -50% S
4 BR - 5O% $
4 BR - 00% $
48R-00% $
4BR- 60% $
o4BR-60% $
4BR·60%
4 BR-6O%
,
$
4 BR -60% S
4 BR-SO% S
o4BR-6O% $
4 8R .I!O% S
4BR ·60% S
4 BR ·60% $
4 BR-60% . . ..
o
. . . ...... ... _ _ _ ... L _ _
O~
_ . . _ _ _ _ .. _ _ . . ... _ ....
,
•_ _ .. . _ ........ . ._ • •
$
~
~
_
.
.
-
-
.
.
_
~
~
2009 4 BR -60% (J a.Oi) L...:.$_ _ _ _--' $ Page IS
o4BR·60'" '--_..;(':....._--...JII..L_....;;,.l,;,:;.o.::.
o_--J1 I..I;::.
$____...J $
Total4-8R Total Monthly 408R
T8ll CredIt Unl.., o 0.00 Tar. Ct<odlt RefII: $
.. 8R - Mar1cet $
o48R· Mar1cet S
4 BR· Mar1cet S
4 BR - Melker S
4 BR· Market $
4 BR - Malkel $
4 BR - Malket $
4 BR - Mattat $
4 BR - Mar1cet $
4 BR -Ma11<81 $
4 8R. Milri<et $
4 SR· Mal1<et $
4 BR • Ma r1cet
~--- ... f; ......-..-.-.-
-~
S
~ ...-...---.-.--
4 BR - Malket () S
4 BR - MaI1cet rJ S
ToIal4-8R
IQtket Units: o 0.00 Total MenthIy
~ w.ket Rent ....;,$_ _ _ _ __
Total 4-8R lk1i1s: o Total +8R Rent $
Total Units 24 Net Rent:otJIe SF : TC Units 25,752.44

..rrUnits 0.00
Total NR Sf: 25,752.44
Floot Space Fl'IICtlon 100.0000%
2009 Page IS
D. Operating Expenses
Ad .. lm.tTative-;
I. AdvertiainglMamUng $500
---~---~--W
2. Office Salaries
. --'- ~T:l'lM'
3. Office Supplie&
4. OfficelModel Apartment(type--> - -.-------.. - .'-" -~
5. Management Fee SI0,425

6.25% of EOI 434.375 Per Unit
6. \,=P'~~~S8!!!'f.I8rics"'! SS.5O<)
7. SIaIfUnit(s)(lype~ so
8. ltgal
9. Audiling
10. Bookkecp~AccoW1ting F~ $2.000
II . Telepbooe &. Answering SeJVice S I.~K1
12. Tax Credit Monitoring fee
13. Miscellaneous Administralive
Toea! Admlnhlradve
-----------w
s6O!l
S28,725
Udll«e.
14. fuel Oil so
IS. Elecoicity S!.goo
16. Water $6.800
17. Gas '---W
18. Sewer S6.RQO
Total Utility $15.400
Opcntl"&:
19. Janitor/Cleaning Payroll so
20. Janitor/Cleaning Supplies ${I
21. Janilor/Cleaning CoOtracl
22. E:duminaling sl.560
23. Trash Rcmo...al $2,000
24. Sc.;urity PayrolVContnlct SO
25 , Grounds Payroll --~'-.~. - ...'. -- '-~'- ""11!'
26. Grounds Supplie$ ----w

s3JiOO
27. Grounds Contract - - - - - - . -
. o·
28. MainWlallCeiRepeirs f'3yroll $8250

29. RepairslM.~rial $2.730
30. Repairs Conine!
31 . Elevator MamtenanceiCOfIIrliCI so
32. Healing/Cooling RepaiC1 &. Mail\kn8l\Ce S2,OOO
33. Pool Mainrell8m:eJConiraetiSIllIf so
34. Snow Remo...al - - - '.'- --'Imj
35. Deoorating/PayrolUContncl $0
36. Decorating Supplies so
37. Mi.c.11aneous
OpcntiDg Ii. Mainlenante Tobls $21.250
T.n~ &. IIlIUraDCe
-------------~
38. Real E.talc Taxes
39. Payroll Taxe.
40. Miscellar.eous Taxe&'LicenseslPennils $9.000
41. Property &. Liabi lity Insurance 59.500
42. Fidelity Bond $756
43 . Worianan's Compensalion $0
44 . Health Ill8W'Ioce &. Employee Benefils $0
45. Other Insurance ---W
To~ Taxo. Ii. (Mar.....,., $19,250
Toni Operal1l1/i: ExpeDSe $84.625
DL TollllOper. Hx. PcrUnit .;. .;;2..:. .6 02. Total O(XT. Ex. A3 % EOI (from 8)
_ _ _ _ _.;;..S3;.,5;. 50,72%
Repla~COICat lltterves (TOIal # Units X S300 or $250 New Const. Elderly Mioinwm) S'.200
$91,825
2009 Page 16
K Cash Flow (First Year)

1. Annual EGI Low-Income Units from (Cl) $166,842
2, Annual EGI Market Units (froID C2) + $0
3. Total Effective Gross Income = 5166,842
4. Total Expenses (from D) $91,825
5. Nee Operating Income = $15.017

6. Total Annual Debt Service (from Page 21 B2) - $65.198
7. Cash Flow Available for Distribution = $9,819
F. Projections for Financial Feasibility - 15 Year Projections of Cash Flow
Stabilized
Year 1 Year 2 Year 3 Year 4 YearS
Eff. Gross Income 166,842 171,847 177,003 182,313 187,782
Less Oper. Expenses 91,825 95,498 99,318 103,291 107,422
Net Income 75,017 76,349 77,685 79,022 80,360
Less Debt Service 65,198 65,198 65,198 65,198 65,198
Cash Flow 9,819 11,151 12,487 13,824 15,162
.
Debt Coverage Ratio 1.15 1.17 1.19 1.21 1.23
Year 6 Year 7 Year 8 Year 9 Year 10

Eff. Gross Income 193,416 199,218 205,195 211,350 217,691
Net Income 81,696 83,030 84,359 85,682 86,995
Cash Flow 16,498 17,832 19,161 20,484 21,797
Year 11 Year 12 Year 13 Year 14 Year 15

Eft. Gross Income 224,222 230,948 237,877 245,013 252,363
Net Income 88,298 89,588 90,862 92,118 93,352
Cash Flow 23,100 24,390 25,664 26,920 28,154
Estimated Annual Percentage Increase in Revenue 3.00% (Must be ..s. 3%)
Estimated Annual Percentage Increase in Expenses
- ----
4.00% (Must be 2.. 4%)
-----
2009 Page 17
VITI. PROJECT BUDGET

I., CostJBasisIMaximum Allowable Credit
Complete cost column and basis colurnn(s) as appropriate through A12_ Check if the following
documentation is attached at TAB S :
o Executed Construction Contract
o Executed Trade Payment Breakdown
o Appraisal
o Other Cost Documentation
o Environmental Studies
NOTE: Attorney must opine, among other things, as to correctness of the inclusion of each cost item in eligible basis, type
of credit and numerical calculations of this Part VIII_
Amount of Coot up to 100"/0 Includable III

Eligible Basis--Use Applicable Column(s):
"30010 Present Value Credit" (D)
llem (A) Cost (8) Acquisition (C) Rebab! "70 % Present
New CORsuuction Value Creditn
I. Contractor Cost
A. Off-Site Improvements 0 0 0 0
B. Site Work 750,000 0 0 0
- - -.•- 78,972 ---0
C. Other: Fix.tu res () 78,972
--- ---'0 -
D.
E.
Unit Structures (New)
Unit Structures (Rehab)
2,309,021
-·.·- -·-----0 ~----·-o ----00 - - -----0 2,309,021
F. Accessory Building (s) 0 0 0 0

G. Asbestos Removal 0 0 () 0
H.
I.
Demolition
Commercial Space Costs
--'- ---·_--0 0
----_.._------0 0 0
-----_... .------
0
~.------ ---
0
0
J. Structured Parlc.ing Garage 0 0 0 0
K. Subtotal A: (Sum IA .. Il) 3,137,993 0 0 2,387,993
L. General Requirements 188,280 0 0 188,280
M. Builder's Overhead 125,520 0 0 125,520
( 4_0% Contract)
N. Builder's Profit 125,519 0 0 125,519
( 4.0% Contract)
O. Bonding Fee 30,834 0 () 30.834
P. Other: 0 0 0 0
Q. Contractor Cost
Subtotal (Sum I K.. I P) $3,608,1~ SO $0 S2,858,146
2. Owner Costs
A. Building Permit I 14,000 0 () 14,000
~
B. ArchJEngin. Design Fee 130,000 0 0 130,000

( 5,417 !Unit)
C. '"'AfCil.Supervision Fee 103,725 0, 0 55,000
( 4,322 /Unit)
D. Tap Fees 184,800 0 0 J84,800
E. Soil Borings 15,000 0 {) 15,000
2009 Page 18
! AmoWlt of Cost up to 100% Includable in

"30% Preseflt Value Credit" (D)
Item (A) Cost (8) Acquisition (e) Rehab! "70 % Present
New ConSfnlCtion Value Credit"
2. Owner Costs Continued
F. Construction Loan 13.000 0 0 D ,OOO

Origination Fee
G. Construction Interest 85.0()() (l () 70.000
( 0 .0% for () months)
H. Taxes During ConstruCtion 2,0()()
- - -- - - ·1 2,000
0
------- -00 - -------
2.01X.l
l. Insurance During Construclion
J. Cost Certification Fee
---_.- 6,5()O - ' 0
0 0
12,000
6.500
K. Title and Recording
L. Legal Fees for Closing
_._--_
_ _ _ __
......... 40.0()0
85,OO() ---_ ."'- 0
()
"--_.- 0 --_.,-
0 20,000
15,000
M . Permanent Loan Fee 10,000 0 0 0
(~ )
N. Other Permanent Loan Fees \I 0 0 0
O. Credit Enhancement () 0 0 0
P. Mortgage Banker ()
Q. Environmental Study
0
2,750 ()
0
0
--------- 0
2.750
R. StructurallMechanical Study 15.000 () 0 15,000
S. Appraisal Fee
T. Maricet Study
5.000
3.500
-------00 ,.- --0
0
5,000
- - - - . - -- 3,500
U. Operating Reserve 120.000 0 0 0
V. Tax Credit Pee 23.360 0 0 0
W . OTHER $16,250 £0 $0 $0
(SEE PAGE 19A)
X. Owner Cost
Subtotal (Sum 2A.. 2W) $886,885 $0 $0 $563,550
Subtotal 1 + 2 $4.495,031 $0 SO $3 ,421 ,696

(Owner + Dlntractor Costs)
3. Developer', Fees 555,000 0 0 555,000
4. Owuer's A~quisition Costs I

Land 50,000
Existing Improvements 0 01
Subtotal 4: S50,000 $0
s. Total Developmeot Costs

Subtotal 1+2+3+4: $5,100,031 $0 $0 $3,976,696
If this application seeks rebab credits ouly, in which there is no acquisttion and no change in ownership, enter the greater of
appraised value or tax aSle!sment valoe here: $0 Land
(Attach documentation at Tab K) $0 . Building
2009 Page 19
, AmouDt of Cost up to 100",,1, Includable in

Eligible Basis-Use Applicable Column(s):
"30% Present Value Credit" (0)
Item (A) Cost (B) Acquisition (C) Rehahl "70 % Present
New Construction Value Credit"
W. OTHER OWNER COSTS
Contingency Reserve 0 () 0 0
(Rehab or Adaptive Reuse only)
LIST ADDlTIONAL ITEMS
Allocation Fee
}CAP Com~liance
- ,-
16.250
0
0
(J
()
0 -- ()
0
.... _ ... ..:. .... ~~ .... _ ._ ..... "" ___ .. ~ ............. J..... ........
···-~-"'----·--· 'O -'''-'''---'--'·''- --''0 _ ..... - .. --·'"'""- ..r--"'· .... --~O
-----..----0
0 -.-.-. ......... - ...........
~ ~ .,-, "--
0
--......-. .....---..
- ~ --~ ............ -
0
___·....·A·. . ~~ ____ ._-.A _ _
0
- ---- ---- ...-- ----- -- ---..·0 -------·-·- --0
_ __ _ ~' _ _ '~_A _ __ 0 0 0 ()
0 0
0 0 (} 0
----_._---n- - --""--_... . _-- ------·-----·00 0
.-.-
0
0
--·----0
0
() () 0 0
0 (} 0 0
0 0 0 0
0 0
0
0
(} -------0 0
0
0 0 0 0
0 0 0 0
Subtotal (Other OWDer Costs) $16,250 $0 $0 $0
2009 Page 19A

Low-Income HousIng Tax Credit Application For Reservation
! AmoUJlt of Cost up to 100% Includable In

Q30 % Present Value Credit"
(C) Rehab! (D)
New "70 % Present
hem (A) Cost (8) Acquisition COIlStrw:rion Value Credit"
s. Total Development Costs
Subtotal 1+2+3+4 5,100,031 0 0 3,976,696
6. Reductions in Eligible Basis
Subtract the following:

A. Amount of federal grant(s) used to finance 0 0 0
qualifying development costs
B. Amount of nonquaIified, nonrecourse financing 0 0 0
C, Costs of nonqualifying units of higher quality 0 () (I

(or excess portion thereot)
O. Historic Tax Credit (residential portion) 0 0 0
7. Total Eligible Basis (5 minus 6 above) 0 0 3,976,696
8. AdJustment(s) to Eligible Basis (For non-acquisition costs in eligible basis)

(i) For Eanhcraft or LEED Certification AND 6() Bonus Points 0 198,835
(ii) For QCT or DDA (Eligible Basis x 30%) 0 0
Total Adjusted Eligible basis 0 4,175,531
9. Applicable Fraction 100.0000% 100,0000% I00,()()()()o1..
10. Total Qualified Basla (Same as Part IX-C) o 0 4,175,531

(Eligible Basis x Applicable Fraction)
11. Applicable Percentage 3,28% },28"10 9,00%

(FM 2009 'J% c'ompctllivc credits, lise tile M~y 2009 opp ifc'll ie pcrocllt<1<;es for ucq,)
(l' or 9% no n.competiTive I< t a~ exempt bOllqs, use the most I'Ccently puhlished ClllCS)
12. Madmum Allowable Credit under IRC §42 $0 $0 $375,7981

(Qualified Basis x Applicable Percentage)
(Same as Part IX-C and equal to or more [han
credit amount requested) CornI>'Ilod JO% It 70% p,
$375,798
v, Credir
t=J
2009 Page 20
Low-Income Housing Tax Credit AppUcation For Reservation
B. Sources of Funds
1. Construction Floancing: List individually the sources of construction fmancing, including any such
loans financed through grant sources:
Date of Date of Amount of

SolU'Ce of Funds Application Commitment funds NwneofConmclP~on
I. Union l3ank & Trust 0810 1/09 01/0 1/ 10 S2.500.000 Lvnn Crossman
2. SO
3. $0
o Commitments or letter(s) of intent attached (TAB 1)

2. Permanent Floancing: List individually the sources of all permanent financing in order of lien position;
Interest .Am ortilatio[l Tenn

Date of Dale of Amount of Annual Debt Rate of rcrl~d of
Source 0 f Funds Application Commitment Funds Service Cost Loan TN .... EARS Loan (years)
I. VHDA VHFIREACH 08/01/09 01 /0 1/ 10 $885.000 $60,198 5.95 % 35 35
2. Df[eD HOME 06130/09 01 101 !l 0 $5 00,000 $5,000 1,00% 10O() 20
3. PF Sponsor Loan I0/0 li09 OliO ll lO $25 .000 $0 0 .00% 30 30
SO SO _. --~ f--~-.--
4.
5.
-'- - ....------ r-- - - "' .......... ::...- ~-"'~ - . -
SO SO
0.00%
0.00% 1000
°
0
6. $0 SO 0 ,00% 1000 0
Totals: $1,410,000 $65,198
o Commitments or letter(s) of intent attached (fAST)
3. Graun: List all grants provided for the development:
Date. of Dale of Amoont of

Source of Funds Appliclllion Commitment Funds NwmeofCon~ctP~
I. King G eorge Cl)BG 04/01109 67/01 /09 $694,340 Travis Quesenberry, King George 1 Denise Ambrose, DHCD
2. SO
3. SO
4. SO
5. $0
6_ TCAP N/A N/A SO
Total Permanent Grants: $694,340

o Conunitments or letter(s) of inl.ent artached (fAB 1)
2009 Page 21
4. Portion of Syndication Proceeds Attributable to Historic Tax Credit

Amount of Federal historic credits $0 x Equity % $0.00 $0
Amount of Virginia historic credits $0 x Equity % ~o.oo $0
6. Equity that Sponsor will Fund:

Casb Invesnnent $0
Contributed Laod/Building $0 0 AsstSSJllC1l1 Atmclled (TAB S)
Deferred Developer Fee ~~---"'$4"'2""4""'.5"'8W'7
Other: lUng George County CDBO Match $48,725
Equity Total $473,312
7. Total of All Sources (B2 + 83 + B4 + B5 + B6) $2,577,652
(not including syndication proceeds except for historic tax credits)
8. Total Development Cost $5,100,031

(From VIII-AS)
9. Less TOlal Sources of Funds (From B7 above) $2,577,652
10. Equals equity gap to be funded with low-income tax credit

proceeds (must equal IX-D3) $2,522,379
C. Syndication Information (If Applicable)
I. Actual or Anticipated Name of Syndicator Virginia Community Development Corporation

2. Contact Person Chris Sterling Phone 804-343-1200
3. Street Address ~------~--~-------------------------
184{) West Broad Street, Suite 200
City Richmond Slate VA Zip 23227
4. a. TotallO be paid by anticipated users of credit (e.g., limited partners)

----------- $2,522,378
b. Equily Dollars Per Credit (e.g., $0.85 per dollar of credit) $0.78
c. Percenc of ownership entity (e. g., 99 % or 99.9 %) 99.99%
d. Net credit amount anticipated by user of credits
e. Syndication costs not included in Vm-A5 (e .g ., advisory fees) $0
5. Net amount which will be lJsed 10 pay for Total Development Cost (4a-4e)
as listed in Part VIH-A5 (same amount as Part IX-D3) $2,522,378
6. Amount of annual credit required for above amounts

(same amount as Part IX-D6) $323,000
7. Net Equity Faeror {C5 / (C6 X 10)]
(same amount as Part IX-04) Must be equal to or greater than 85% 78.09%
8. Syndication: o Public or o Private

9. Investors: o IndividlJsI or o Corporate
o Syndication comminnent or Jetter of intent sttaehed (TAB U)
2009 Page 22
D. Recap of Federal, State, and L<lcal FuncWAny Credit Enbancements
t. Are any portions of the sources of ftmds described above for the development financed directly or indirectly
with Federal, State, or Local Government Funds? 0 Yes 0 No
If yes, then check the type and list the amount of money involved.
Below-Market Loans Market-Rate Loans
o Tax E)(empt Bonds $0 o Taxable Bonds $0

o RD515 $0 o Section 220 $0
o Section 221(d)(3) $0 o Section 221(d)(3) - ------,- -- so
o Section 312 o Section 22 1(d)(4)
o Section 236 =====:~-~J.Q...
$0 o Section 236 - --.-.-...~.--..~,..$0~
o VHDA SP ARC/ REACH $885,000 o Section 223(f) $0
o HOME Funds $500,000 o Other: $0
o Otber. PF Sponsor Loan $25,000
o Other: --- $0
Grants ~
0CDBG $694,340 oStale $0
OUDAG $0 oLocal $48 ,725
oOther: TCAP $0
This means grants to the partnership. If you received a loan financed by a locality which received one ofthe
listed grants, please list it in the appropriate loan column as "other" and describe (he applicable grant program
which funded it.
2. Subsidized funding: list all sources of funding for points. Doeumentatlop Attached (TAB T)
Source of Funds Commitment dale Fwlds

L King George County - CDBG Malch per Resolution $40,000
2. King George County . Tu~ Abatement per Resolution $1 35,000
3. $0
4. SO
5. SO
3. Docs any of your financing have any credit enhancement? D Yes o No

If yes, list which financing and describe tbe credit enhancement:
4. OtheT Subsidies 0 IkIcumentation Attached (TAD Q)

o Section 8 Rent Supplement or Rental Assistance Payment
o Tax Abatement
o Oilier______~~~~~~~~~~~~______________________________________
5. Is HOD approval for transfer of physical asset required?

D Yes 0 No
E. For Transactions Using Tax-Exempt Bonds SeekIng 4% Credits:

For purposes of the 50% Test, and based only on the data entered to this
application, the ponion of the aggregate basis of buildings and land financed with
tax-exempt funds is: I NfA I
2009 Page 23
X. ADDITIONAL INFORMATION
A. Extended Use Restriction
NOTE: Each recipient of an allcx;ation of credits will be required to record an extended use agreement as required by the
IRe governing the use of the development for low-mcome housing for at least 30 years. However, the IRe provides
that, in certain circwnstances, such extended use period may be terminated early.
o This development wi11 be subject to the standard extended use agreement which pennits early
ternrination (after the mandatory IS-year compliance period) of the extended use period.
o This development will be subject to an extended use agreement in which the owner's right to any
early termination of the extended use provision is waived for 25 additional years after the 15-
year compliance period for 11 total of 40 years. Do not select if IX.B is checked below.
o This development will be subject to an extended use agreement in which the owner's right to any
early termination of the extended use provision is waived for 35 additional years after the 15-
year compliance period for a total of 50 years. Do not select if IX.B is checked below.
B. NonprofitlLocal Housing Authority Purchase OptionlRight of First Refusal
1. 0 After the mandatory IS-year compliance period, a qualified nonprofit as identified in the
attached nonprofit questionnrure, or IoeaJ housing authority win have the option to purchase
or Ihe right of first refusal to acquire the development for a price not to exceed the outstanding
debt and exit taxes. Such debt must be limited to the original mortgagees) unless any refinancing
is approved by the nonprofit. Do not select if extended compliance is seJected in IX.A above.
o Option or Right of First Refusal in Recordable Form Attached (fAD V)
Enter name of qualified nonprofit: Project FAITH, Inc.
--~------~------------------------------------------
2. 0 A qual1fied nonprofit or local housing authority submits a homeownership plan committing to

sell the units in the development after the mandatory I5-year compliance period to tenants whose
incomes shaH not exceed the applicable income limit at the time of their initial occupancy.
Do not select if extended compliance is selected in IX.A above.
o Homeownershlp Plan Attached (fAD J)
C. Building-by-Building Information (Complete page 25 as appropriate)
2009 Page 24
Low-Income ""using Tax Credit Application For Re~rv.tioD
c. Building-by.BulJdln& Information Mu.tCompim

Qualified basis muSI be delermined on B bllildinC-by building basis. Comple1e lhe section below. Building streelllddrcsse~ an: required by the IRS (musl have Ibem by the lime or
allocation requesl).
NUMBEIt 30% PRSCII\ Valle 300/, Prc:Ian Value

o~ fur Acquisition
Q,:dit Qocdil for Coostruction 70% Prcsem Yaloe Credit
TAX MAIUCET
C'IlEDrr RATE klwolor Actual or Actual '"
UNITS UNITS 1is1ima&e AatiCJpatcd e"imat< Anicipolod EstimaJe lunicipalcd
8uiId SlJa2 QuaIi6cd In-Service Applic:abk Credit QIWifiod In·Serviee Appli~e Cn:dit Qualified In-S,,,,,;ce Appliublc <Xedi.
ing# Address Basis Ihde Prn~~ Amount Bais DoIb: PerC<21l'lge Amounl Basis OIIC ~. AmoIlll1
I. fa ith l>rl"'c ~ &ikiint; J $(I 0.000/0 0 SO 0.00':; 0 S.14i.960 t~ ;~ ' ; lC 9.W. ; 31,316
auiid.i~ ~ O , OO~·; O . OO ~/,) $H7.960 [1,l ld " ~ . OO" ;,
Z. 2 fahh Dri'.'c . )Oi 0 SCi 0 31,316
). ~ Faith Dm. ~ ~ BlIi1d ln~ ~\ S!"
'I O .(~)~·. 0 SC I O.~. 0 S.I,175' o() 'i2- ; lnl) ~ .lYJ':o 3\,310
4. ~ [-till h Ori~:..~ · B1.:ildrn!,; 4 Wi O.ou·,. 0 SV~ l'uJ\)% 0 $5.!l. tjtH i ~.':"." H 9.00% 46.975
S. ) Flith 1>1 :" '~ ~ 8\1"1i,* 5- $01 O . O{)~ . 0 SO! O.()(r'·' 0 .-;S1 ~ ,1'/0'" t ~ ..3-IJ;';:; 1)011';" 46,975
6 . .1 "aitb Ui !''C - Bulldin~ 6- $(;! u.ou~ .. 0 $01 () . (it'.,.;~ 0 $S2 I.V·H i 2.'.)!'I {: ,) 00"'. 46,975
7. ~ Failb Dri. e . {j1'Udn!~ "i $U! 0.00% 0 :so! O.OO"'i 0 ~>';~/.'!t<!- 1 2;~l dt,; ').00% 31 .316
S. Fa ith DriH· - 3(jilJin ~ S Wi 0.00':0 sol, 0.00;" 0 $3..17.-it).' 1 2/ ~ I : W .J lXf.. 31,316
9.2 Fajth lhw t - & iidin;: ; $01 li ,OO~'o 0 sol I
0.00% 0 'io.'-41,~ bI; 12il l/ l t; 9 00% 31,316
10. 3 f--aith L>riv~ - Suildins .~ $01 (J.OO~. 0 su! O,()()% 0 ,)) :? "'I4J. 12:,\ 1'1 !J {) VO% 46,975
II. SO : O.OOlyo 0 soi O.~. 0 $) 000% 0
12. SQI ",w.. 0 sol O,()()<. 0 $ (; 'J O;)'!, 0
13. I ~()l Q,(K)% 0 su! O.~ ; 0 $(, O~O 0
l~ .
.~! SO! u .~. 0 sui 0.0(1'/. 0 $(j o .~ ; 0
$~l :isol
1
0.00% 0
I 0,000/, 0 $0 0 00'., 0
I
15
r=
16 SO o.um~ 0 0,00'>', 0 $0 O.Wo/. 0
SOJ
I S4.175.531
SO SO $,315.198
Qualiliod Il6siI TOIah (mul1oglW wnh VIlI·A 10)
CRdiI AmoUDI To ..... (m ... ogrce ",jib YlII.A.12)
2009 Page2S
Low-Income Rousing Tax Credit Application For Reservation
D. Determination of Reservatioo Amount Needed
The following calculation of the amount of credits needed is substantially the same as the calculation which will be made by VHDA to
detcnnine, as required by the IRe, the amount of credits which may be allocated for the developmenl However, VHDA at all times retains
the right to subsriture such infonnation and assumptions as are detennined by VHDA to be reasonable for the information and assumptions
provided herein as to costs (including development fees, profits, etc.), sources for funding, expected equity, etc. Accordingly, if the
development is selected by VHDA for a reservation of credits, the amount of such reservation may differ significantly from the amount you
compute below.
I. Total Development Costs (from VfIl-AS, Column A page 20) $5,100,031
2. Less Total Sources ofFunds (from VUI-B7 page 22) $2,577,652
3. Equals Equity Gap $2,522,379
4. Divided by Net Equity Factor (VIII-C7 page 22) 78.09%

(Percent of to-year credit expected to be raised as equity investment)
5. Equals T en-Year Cred it Amount Needed to Fund Gap $3,230,002
Divided by ten years 10
6. Equals Annual Tax. Credit Required to Fund the Equity Gap $323,000
7. The Maximum Allowable Credit AmOW1t $375,798

(from VIII-AI2-combined figure)
(This amount must be equal to or more than 6 above)
8. Reservation Amount (Lesser of 6 or 7 above)

Credit per Unit 13,458
Credi( per Bedroom 6,212
$323,000 ~
70% tv Crcdll
E. Attorney's Opinion
o Attached in Mandatory TAB W) If you incur the error message that your reservation amount is not equal
o the equity gap amount YOll may use the goal seek function within the Excel
readsbeet to eliminate the error message.. To use the "Goal Seek" function first
lace the curser box on cell V28. Using the mouse arrow, point and click on
'Toob" on the top line and then click on the "Goal Seek" option. A box wiU
ppear with the V28 cell &hOWTI in the top space, place the cursor in the middl
l( and type in the new amount that you want the equity gap to be which shoul
the reservation amount below, then place the cursor in the bottom space and a
e bottom of the page click on page 22. Then place the cursor on cell N 15
Deferred Developer Fee) and click on "OK". A message should then appear tha
solution has been foLDld and if the amolllll is correct click '"OK". If the amoun
now equal the error message will disappear.
2009 Page 26
Low-Income Housing Tax Application For
F. Statement of Owner
fhe undersigned hereby acknowledges the following;
1. that, to the best of its and belief, all factual information provided herem or in connection
herewith is true and correct, and aU estimates are reasonable.
2. that it will at all rimes and hold hannless VEDA and its assigns against all
damages, VHDA's expenses, and liabilities of any natme or indirectly resulting out of,
or relating to VHDA's consideration, approval, or disapproval of this reservation request and
the issuance or nonissuance of an allocation and/or IQan funds in colU1ection herewith.
3. that points will be only for representations made herein for which satisfactory documentation is
submitted herewith and that no revised representations may be made in connection with this "p~IH"'''''~'''
once the deadline for has passed.
4. that this application provided by VHDA to applicants for tax credits, including all sections herein
relative to basis, credit calculations, and determination of the amount of the credit necessary to make th.e
development financially is provided only for the convenience ofVHDA in reservation
requests; that hereof in no way guarantees for the credits or ensures that the amount
of credits applied for has been in accordance with IRe and that any notations
berein IRC are offered as and not as
5. that the for ensuring that the development will be of

qualified low-income and that it will in all respects aU applicable of federal
tax law and any other requirements imposed upon it by VEDA prior to allocation, should one be issued.
6. that, for the purposes of .....-u,i,.""ino this application, VHDA is entitled to rely upon !"e!llres:entati,lns of the
undersigned as to the inclusion of costs in eligible basis and as to all of the figures and calculations relative
to the delermination basis for the development as a whole and/or each building therein
individually as well as the amounts and types of credit thereof, but that the issuance of a
reservation based on such in no way warrants their correctness or compliance with IRC
requirements.
7. that VHOA may request or changes in the information submitted herewith, may substitute its own
figures which it deems reasonable for any or all figures herein by the undersigned and may reserve
credits, if any, in an amounl different from the amount requested.
8. that reservations of credits are not transferable without prior written approval by VHDA at its sole
discretion.
Page 27
\
9. that the requirements for applying for the credits and the tenus of any reservation or allocation thereof
are subject to change at any time by federal or state law, federal, state or VHDA regulations, or other
binding authority.
10. that reservations may be made subject to certain conditions to be satisfied prior to allocation and shall in
all cases be contingent upon the receipt of a nonrefundable application fee of $500 and a nonrefundable
reservation fee equal to 7% of the annual credit amount reserved.
II. that a true, exact, and complete copy of this application, including all the supporting docwnentation
enclosed herewith, has been provided to the tax attorney who has provided the required attorney's opinion
accompanying this submission, and
12. that the applicant has provided a complete list of all residential real estate developments in which the
general partner(s) has (have) or had a controlling ownership interest and, in 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 .
.J 13. 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, aU 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 will
result in VHDA's inability to process the application. The original or copy of this application may be
retained by VHDA, even if tax credits are not allocated to the applicant.
In Witness Whereof, the undersigned, being authorized, has caused this document to be executed in its
name on this 14th day of May ,2009.
LegaIN~wner: Angel ~1
~~ -ee/J. ~
Its: President, Angel Court Management Corporation
(Title)
2009 Page 28
2009 LIHTC SELF SCORE SHEET:
Self ScorIng P I'OC888
la ~ • irttended to provide you with an estimate of your aP91icatiol') IICOI'1I baaed on 1M IMdlon criteria described In
. MMt of Ihe data used in the aooring process is automaticaly entered below al you fill in the appjication. Other items
oted below in the green IIhaded eela, ate items Ihat ate typically evaluated by VHDA'. staff during the application review
sibllity anllyals.. For pI.IrpoIIeS of self SOOI'ing, it wi. be nl!C8888/y for you to make C8ftain cleciliont and assumptionl about you
plication and ant ... the appropriate teapOnses in the green !lheded ce4la of this 8COfe _ _ I. All but two require yM/no responses
I') which case enter Y or N aa appropriate. Item 2b pertUling to the Local CEO Lett.,-wjJ require one of the following responses:
the letlef indiC8tM WlCOndltional IOpport; N - the letter IndicalBs opposition to ItIe project; NC - no oornment from the locality, 0
WI oIhar response which is neither unooodltiooal suppoft rIO( opposition. Item 5e1 tequiru a numeric value to be entered. Plea
remembef that the 5QOre ia only an eatimata baa&d on the selection criteriB using the reservation application data and th
~poo_ you've enlefed on thil score sheet. VHOA reser.-es the right 10 change application data and/or 8COfe sheet responsa
appropriate. wtlic:tI mey change the final8COf'e.
~NDATORY ITEMS: Score

a. Signed, completed application 'f YorN o
b. Duplicate cOf/'i of appllca~on Y YorN o
c. Partnership agreement y YorN o
d. SCC Certification t YarN o
e, Prelilous partieipation form V YorN o
f. Site control document :y, Yar N o
g. Architect's Certificaoon y VorN o
h. Attorney's opinion '¥ YorN o
i. Nonpl'ofit Questionnaire (if NP) y. Y, N, NJA o
0.00
1. READINESS:
a. Plan of development N Oor40 0,00
b. Zoning approval y oor.w .w.00
Tolal: .w.00
2. HOUSING NEEDS CHARACTERISTICS:

a. VHDA notification letter to CEO o or..sO 0.00
b, Local CEO letter (V,NC,N) o or 25 or 50 50.00
c. Location in a revitalization area Oor30 0.00
d, Locallon In a Qualified Census Tract 00r5 0.00
e. Sec 8 or PHA wailing list preference y Oar 10 10.00
f. Subsidized funding commitments Up to.w 6.86
g. Existing RO, HUD Section 8 or 236 program 00r20 0.00
h. Tax abatement or new project baS$d rental subsidy (HUD or RO) Oor 10 10.00
i. Census tract with <10% poverty rate, no tax credit units 00r25 0,00
j . Development listed on the Rural Development Rehab Priority List N oor 15 0.00
Total 76.86
3. DEVELOPMENT CHARACTERISTICS:
a , Unit size (See calruaUons below) Up to 100 100.00
b. Amenities (See C3laAation. below) Up 1060 33.30
c. Project subsidies/HUD 504 accessibility for 5 or 10% of units N Oor 50 0.00
or d. HCV payment standard/HUD 504 accessibility for 5 or 10% of units y Oor30 30.00
or e. HUD 504 accessibility for 4% of units \'0\ Oor 15 0.00
r. Proximity to public lransportatlon Yl0 0.100r20 10.00
g. Development will be Earthcraft or LEED certifted 'I 00r3O 30.00
h. VHDA Certified Property Management Agent y 00r25 25,00
I. Units constnJcted to meet VHDA's UnlvEl(S8I Desjgn standards 100% Up to 15 15.00
j. Developments with less than 100 units Up to 20 20,00
Total 263.30
4. TENANT POPULATION CHARACTERISTICS:

a. <= 20% of units having 1 or less bedrooms y o or 15 15.00
b. Percent of units with 3 or more bedrooms '10,0, '10 Up to 15 12.50
Total 27.50
5. SPONSOR CHARACTERISTICS:
a. Developer experience - 3 developmMts with 3 x units or 6 developments with 1 x units N 00r5O 0.00
or b. Developer experience - 1 devetopment with 1 x units V Oor 10 10.00
c. Deveioper experience - uncorrected major violation N
d. Develope( experience - noncompliance
81 . Developer experience - did not build as represented
I
Entet TOIal Negalfve
Pcint& He",;
N
0
Oar -50
Oor -15
Oor-x
0.00
0.00
0.00
e2. Developer experience - termination of etedits by VHDA N 00r-l0 0.00
r. Managemenl company rated unsatisfactory N Oor -25 0.00
g, LEED accredited design team member Y oor 10 10,00
Tolal 20.00
6. EFFICIENT USE OF RESOURCES:

e. Cledit per unit It #NIA or #REF! "ppenrs in the sCOTe column of th~se point Up to 180 39.71
b. Cost pee' unit categorie.s "heck spelling of CI(Hk's OffiC Q on pg.1. It muSt mnfch Up to 75 0.00
2009 Total oxactly with the Jurisdiction names listed in tile Applic3t1on MWllnl, 39.71
7. BONUS POINTS:
a. Units with rents at 0( below 40% of AMI ·; :W,. Up to 10 10.00
b. Units with rent and income at or below 50% of AMI !4) Oo/;.. Up 10 50 SO.OO
or c. Units with rents at or below 50% rented to tenants at or below 60% of AMt 100~{, Up to 25 0.00
:lr d. Units in low Income Jurisdictions with rents <: 50% rented to tenants with <: 60% of AMI i OO::Y~ Up to 50 0.00
e. Extended compliance o Years 400r 50 0.00
or f. Nonprofit or lHA purchase option y Oor60 60,00
or g. Nonprofit or lHA Home Ownership optioo f~ Oor5 0.00
Total 120.00
500 Point Threshold - 9% Credits TOTAL SCORE: 587.37

475 POint Threshold - Tax Exempt Bond Credits
Uni1 Siza Calculations:

E-ASlVG E-EFF E-1BORM E-2BORM
High Sq.Ft.1 BDRM 0 0 0 0
Low Sq.Ft.1 BDRM 0 0 0 0
Proj9CI SQ.Fll BDRM a a 0 0
Percenlaee or Units 0,00% 0.00% 0.00% 0.00%
Points por Bedroom 0.00 0.00 0.00 0.00
F-EFF-G F·1 BDfIM-G 1'-2BDRMoG 1'-3 BDRM-G

High Sq.Ft. I SORM 0 0 1.050 1.175
Low Sq.Fl! BDRM 0 0 840 940
Project SQ .FL/ BORM 0 0 1,129 1.479
Percentage of Unlls 0.00% 0.00% 83.33% 16.67%
Po4ms per Bedroom 0.00 0.00 83.33 16,67
F-4 BORM-G F-2 BDflM·TH f.3BORM-TH F-4 BDRM-TH

HiljI $Q.FlI BDRM 0 0 0 0
low Sq.Ft.! BORM a a 0 0
Project SQ.R.! BORM 0 a 0 a
~ntaoa of Unit! 0.00% 0.00% 0.00% 0.00%
Points (let Bedroom 0.00 0.00 0.00 0.00
1 Sf ELD-EFF 1 ST ELD-l BDRM 1 S1 ELD-2 BORM If you 1.10 not rccolv", a nur:nerlc point v alue
Hign Sq.FI. I BDRM 0 0 0 In the unit stze ' c;,3lr:ut~trons j p 'eiJB~
Low SQ.R.! BDRM 0 0 0 check Ih. values entereCi on page 8. Cl .
Projea Sq. Fl.1 BORM 0 0 0 Thes.e must be whole rtwnber I'lUmeri('.
Peroent3g8 of Unl1s 0.00% 0.00% 0.00% value" only, Aiso check page 7 ,Item 3,
Points per Bec1room 0.00 0.00 0.00 the numb-s-r of rmlts must~ c:ithOf nS'w·.
adapt or ro !1·ab only . Comblnallor.s do
I Total Unit sIZe Points: 100.661 nol caJcula!e coree.ctly.
Amenities:
All units halle:
a. 1.5 or 2 Bathrooms 16,61% 2.50
b. Community Room 0.00
c. Brick Walls 33.99% 6.80
d. Kitchenllaundry Appl-EIl8f9Y Star 5.00
e. Windows-Energy Star 5.00
r. HeaVAC-SEER-AFUE 10.00
g. Sub-metered water expense 0.00
h. Low flow faucets & sllowerheads 3.00
i. High speed cable, OSl, wireless internet 1.00
j. Water heaters meet EPA Energy Star requirements 0.00
Total 33.30
All elderly unls have:
a. Front-conlrol ranges 0.00
b. Emetgeflcy call system 0.00
c. IndependentJsuppl. heat source 0.00
d. Two eye lliewers 0.00
Total 0:00
All rehab or adaptive reuse units:
b. Historic strucn.e
Total amenities:
2009
T\'PE OF PROJECT
LOCATION
lYPE OF CONSTRucnON
fAMILV -11000; EUlEIILY-12000
CnlClblSF:
BELT=loo: NV»=1IO: HVNM=200: IlIC=300; TlOc4OO: SMA=5OO; IIM~O; RtJR=1I40

N Co1; AOPT-l;I!EHA8j25.000+J-3; IIEHAB(I5,001)..25,000,..
'G:J DOD
&00
,
II lin ERROR Ino~O~C app<>o ... hero cnock
590 111110 ~I CI rk's OlOe. (/II PO 1. " "'U~'
m,":tch exactly with (hex JuriGdJetion namCl
n~tod In UTe ApJ)lic:stlon Mgnuol.
ELOEIlLV
ULVG !FFoI! 1 BRo!! 2l1li·( EFf·(·1 ST 11111-1!-' 9T 2 BR-6-1 Bl
f'o.VG UNIT SIZE 6 U 0 a u 0 0
NUMBER Of UNITS b 0 0 0 0 0 0
PAAAMETER-{COSTS-->25.ooo) 0 0 0 0 0 0 0
PARAMETER-{COSTS<25.ooo) 0 0 0 0 0 0 0
FasT P.t.RAMETER 0 0 0 0 0 0 0
PROJECT COST PER UNIT 0 0 0 0 0 0 0
PARAMETER-{CREDITS->2S.ooo) 0 0 0 0 0 0 0
PARAMETER-(CREDITS<25.000) 0 0 0 0 0 0 0
CREDIT PARAJdETER 0 0 0 0 0 0 0
PROJECT CREDIT PER UNIT 0 0 0 0 0 0 0
COST PER UNIT POINT$ 0.00 0.00 0.00 0.00 0.00 0.110 0.00
REDIT PER UNIT POINTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
fAMILY
EFFoG 1 BRoG 28Ro6 311110G ~8Ro6 2 BR·llI 31111·TN ~IIII·TN
AVr, UNIT SIZE 0 0 1.1~ 1,47~ 0 0 0 0
NUMBER Of UNITS a 0 ~O 4 U 0 0 ~
PARAMETER·(COOTS~ . OOO) 0 0 179.~O 200.690 0 0 0 0

PARAMETER-(oo..q~<'5 _ 000) 0 0 0 0 0 0 0 0
COST PARAMETER 0 0 179.3010 200.690 0 0 0 0

PROJECT COST PER UNIT 0 0 100.011 246.252 0 0 0 0
PARAMETER·(CREDITSoo25.ooo) 0 0 16.887 '8.B97 0 0 0 0

PARAMETER'(CREDITS<25,OOO) 0 0 0 0 0 0 0 0
CREDIT PARAMETER 0 0 16,887 18,001 0 0 0 0
PROJECT CREDIT PER UNIT 0 0 12,798 16,162 0 0 0 0
COST PER UNIT POINTS 0.00 0.110 0.00 0.00 0.00 O.GO 0.00 0.00
REDIT PER UNIT POlIO'S 0.00 0.00 36032 1.39 0.00 0.00 Q.GCI 0.00
TOTAL COST PER UNIT POINTS 0.00
( TOTAL CREDIT PER UNIT POIHTS 39.11
ColI Palnn.ta .... EJ.-

ASlVG EfF-E lBR-E 2BR-E EFF-&1 ST 1 BIt~1 ST 2 Blto&l BT
SUIndsd Cost Parameter ~ low ri .. 0 0 0 0 0 0 0
",,""" ...., Adl_· mio riM 0 0 0 0 0 0 0
Po,.." .... , Adjuslmeflt • ~igh ri .. 0 0 0 0 0 0 0
AdJ_ c-t ..... motor 0 0 0 0 0 0 ~
CI'6d~ 1>811_ • EI
ASLVG E~-E 18R-E 2I!1R·! 1!J'F-i!-I9T 1 BR-E·18T 2 BII· ...1 BT
Standard Clodll Plu..., ...... Iow.oo 0 0 0 0 0 0 0
P......"" Adjuslmori· mid ... 0 0 0 0 0 0 0
P........ Adjusl ...... ~n rite 0 0 0 0 0 0 0
""J'- c..G" P........, 11 ~ 1) is 1) 0 0
CoM 1'......1.... F.
EFF·Q lB1t-G 2B1toG 38Ro6 4BII-G 2 BIt·TII 38R.nI 4 BR·llI
Sta>dsrG Pararn"",,·1Ow rise 0 0 179.340 200.690 0 0 0 0
P........ "', Ad;..sbnent • mid ris. 0 0 0 0 0 0 0 0
Paramele' Ad;sonenl • high 1109 0 0 0 0 0 0 0 0
AdJusIood Coot 1'",",011" 0 0 f79'34~ 260.M'I d 0 0 0
C_HP... _ · F
eFF-G 1 BR-G 2BR.Q JBR-G 4BR.(l 2BR·TII 38R·TII 4811·TII
St.n:l.rd Cr... ~ P• .....,., • """ 11.. 0 0 16.887 18,897 0 0 0 0
P.,. ...........)uoIm .... mid riao 0 0 0 0 0 0 0 0
Porarno/« ....)uoI ...... hign rioo 0 0 0 0 0 0 0 0
""JlIOIo<I CNd" ,,-"_Io, 0 0 16.887 18,1WI 0 0 0 0
2009
CnodllJlSF - ~Constv...ll- tB6,m
T"t1'E Of PROJECT FA.II.ILY - It IlOO; ELDERLY - 12000 1' ;10 ERROR mes!'oil90 .;:JppCWrta hCrQ ChOCK
LOCATION BEL T-100; 1fI/.. -ll0; IIYN/WI-200; RIC-)OO; noqoO; SMA-SOO: S~IO: -'600 opolllna of CI rk'A Oilico on PS 1. 11 mu I
TYPE OF CONSTRUCTION II (>1: AOPl-2;REIlABj25.llJll4)-3; REHAS(10,00()'25,OOO!&, In t'llch cx.:1ctJ)' wall til Juri:Jdlctlon nome:tJ
listed 111 tlur AppUcgUon MJmuOI.
ELDERLV
ASLYQ EFF.£ lBR-I: HIR·f En·f·1ST 18R·E-1 Sf 11111.£·, Sf
i'VG UNIT SIZE 0 0 a 0 0 0 0
NUMElER Of UNITS 0 0 0 0 0 It ()
PAAAIoIETEf'l-{COSTS=>25.(00) 0 0 0 I) 0 I) 0
PAAAIoIETER-{COSTS<25.(00) 0 0 0 I) 0 0 0
FOST PAR.tMETER
PlU>JECT = PER UNIT
0
0
0
0
0
0
0
0
0
0
0
0
0
0
PAAAMETER-{CREDtTS=25.000) 0 0 0 0 0 0 0
PAR-'MelE'R-{CREDtTS<25.000) 0 0 0 0 0 0 0
~DIT PARAMETER 0 0 0 0 0 0 0
PROJECT CREDIT PER UNIT 0 0 0 0 0 0 0
~8T PER UNIT POIIIlS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
bREDIT PEl! 0HrT POIh'TS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
F..... ILY
EFf·Q 1 BR-G 2BR-G 3811-G A BR-G. 2811·T/1 3eR·TH 4811·TH
Ava UNIT SIZE 0 0 1, 129 1 ~ <:12 0 0 0 il
NUMBER OF UNITS 0 0 21:1 ~ Q ~ 0 0
PARAIoIETeR-(COSTSoo>25.00l) 0 0 179.340 200.6'90 0 0 0 0
PARAIoIETeR-(eosTs~OOO) 0 0 0 0 0 0 0 0
OST PAAAIoIETER 0 0 17~.340 200.6'90 0 0 0 0

PROJeCT COST PER UNIT 0 0 188,011 246.252 0 0 0 Q
PARAMEITER-{CREDtTS"'25.000) 0 0 18.887 18,897 0 0 0 0

PARAMEITER-{CREDtTS<nOOOI 0 0 0 0 0 0 0 I)
CREDIT PARAMETER 0 0 16.887 18,897 0 0 0 0

PROJECT ~DIT PER UNIT 0 0 12.~ 16.762 0 0 0 0
coeT Pal UMT POINTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CIlEDfT PER UNIT POIh'TS 0.00 0.00 38.32 UiI 0.00 0.00 0.00 0.00
TOTAL COST PER UNIT POINTS 0.00
TOTAl. CREDIT PER UNIT POINTS 39.71
C05I P .............. ·1!IcI

... SLVG Eff·f 18S1o!! aBRo!! eFF-!o1 S1 I BRoI!ol ST 2 BRe.I81
~ard COli PaI.-r'IeI&r -low It$& 0 0 0 0 0 0 0
P. .meIM AdJustll\e<C , /TOo_ 0 0 0 0 0 0 0
P.... _ Adjust",.,.,. • t;gh n.. 0 0 0 0 I) 0 0
,t.dJuoled Cool P.... moto. ~ ~ 1) 0 0 0 0
Credit Parameters • EIOef1~

ASLYO EFF.£ 18R·E 2811.f EfF·f·1ST 18R·E-1 Sf 28R-E-1 Sf
_C~IP_.'·lr>wn .. 0 0 0 0 0 0 0
_ Ad'-ont · mOl ,I.. 0 0 0 0 0 0 0
_ , Ad'-ont · nlgh'- 0 0 0 0 0 0 0
Adju"'o Crodll P",• . . - , 0 0 0 0 0 0 ~
C O S l P _ · f ....1
En4l lBR~ 2BR..Q lSR-G 4811-G 2BR·1H 3 BR·TI! A8iHK
SIa1darQParamet.,. - low tIOe 0 0 17~, 340 200.690 0 0 0 0
Parameter Mjullmenl- mid _ 0 0 0 0 0 0 0 0
Parameler Mjualm<!nl - tog. 01", 0 0 0 0 0 Q 0 0
MJuotod Cool P..,..... 0 0 1111,340 200.690 0 0 0 0
C~dh P • .....-,..· Faml

EFFoG 18R-G 211R·G JBR..Q 4SR·G a BR·1lI 3 M-TH 4BR-TH
_Cn!dft p _ _ ..... n.. 0 I) 16.887 18.897 0 0 0 0
_Ad~I'mOl"'" 0 0 0 0 0 0 0 0
- , Ad;-w.I· niln,.... 0 0 0 0 I) 0 0 0
AOJu"'dC~ftP.-.riK (5 0 '[887 18,997 0 0 0 0
2009
TAB A
(Documentation of Development Location)
TAB A.1
(Qualified Census Tract Certification)
Qualified Census Tract Certification
Development Name: ....:A~n~g....e:: . :r. . :C: . :o: ;.:u: . :.r. :. .t_ _ _ _ _ __

Tracking #: ---'2=OO=--=-..:.9---=-Z=--O..; ,. 0:. ;._
7 _ _ _ _ _ __
1. Generallnstructions
• This Certification must be included with the Application (by Application Deadline,
5/15/09).
• The Owner/Developer completes this Certification.
• Any change in this form may result in a reduction of pOints under the scoring system. If
you have any questions, please call Jim Chandler at VHDA (804) 343-5786.
2. Definition of Qualified Census Tract

Pursuant to § 42(d) (5) (C) (ii) of the IRC, a qualified census tract is, " (I) Any census tract
which is designated by the Secretary of Housing and Urban Development and, for
the most recent year for which census data are available on household income in
such tract, either in which 50% or more of the households have an income which is
less than 60% of the area median gross income (AMGI) for such year or which has a
poverty rate of at least 25%, If the Secretary of Housing and Urban Development
determines that sufficient data for any period are not available to apply this clause
on the basis of census tracts, such Secretary shall apply this clause for such period on
the basis of enumeration districts. (II) The portion of a metropolitan statistical area
(MSA) which may be designated shall not exceed an area having 20% of the
population of such MSA. (III) Each MSA shall be treated as a separate area and all
non-metropolitan areas in a State shall be treated as one area."
3. Census Tract #(5):

I 51 099990400
~ To determine Ihe development's census tract. go to l:!..!.tQ; /{ff1(JP.s bo .qovJhubwnefil'lit.o SJ1 and
put in the development address or county. The census tract number will be revealed
after pressing the "search" button. On a rare occasion, when a development spans
more than one census tract, this website may show incomplete information. IF the
subject development is across census tracts, please list each census tract by number
and provide supporting documentation.
~ Attach a map showing census tract boundaries and the development's location!
4. legalDescriptlon
~ Attach a copy of the development's legal description; the legal description should
correspond to the site control document in the Application.
SBA f-IUBZonc Locator hllp:11 /nap .sba.gov Ihu bzoneJhzq ry .asp 'lcom 1ll8nd=address&ST. ..
MClptitude for the Web 3.60 ( II

• HUBZone Progr a m
Address-Town-County Text-Onlv
L!.S. M al3
Search Ver5ioD
DETERMfNATION OF WHETHER AN ADDRESS IS IN A HUBZONE
10267 Faith Drive, King Grorge VA, 22485 is located in King George, VA which IS NOT HUB Zone qualified.
The map below shows the relalionship of this address (marked with a star) to qualified HUBZone areas. Below the map,
you may find information on wby the address was found nolto be in a HUBZone Area.
,'---r;-;- - ---.- , .- '-- - ~
.' . , How to nay] ate?
I._ Now click on .the :map to zoom In 9
I:._..i" )Status
HUBZone
_
Ii
_,
C±\ Zoom In .
•• •
( ~l
User can define zoom in/out
or move display area by
click.ing on tile map with
the mouse after selecting a
tool above.
. CUIIIId .....CrxdIy DIIW:rcr--.,BIII i!ij ~ .............

PowerGd by MtJptltllt111 tfll.' til. Werr by Cafiper
BASIS OFHUBZONE DETERMINATION
Is the address wcated in a Metropolitan Area? NO

County Income $49,882.00
State Income $32,554.32
Income Ratio 153.2%
Is the address located in a quaLified non-metropolitan county in which
the median household income is less than the 80% of the NO
non-metropolitan stale median household income?
County Unemployment 3.5%
State Unemployment 3.0%
lof2 5/121099: 15 AM
SEA HUBZone Locator htlp:!/map.sba.gov/hubzoncJhzqry.asp?command=address&ST. ..
u.s. Unemployment 4.6%

Unemployment Ratio 116.7%
Is the address located in a qualified non-metropolilan county in which
the unemployment rate is not less than the 140% of the statewide
average unemployment ratejor the state in which the county is
NO
located?
Is the address Located in a BRAC Commission-closed former military
base?
NO
Is the address located in a Difficult Development Area? NO
Is the address located in an Indian Country area? NO
jgF-~~t~~-~-?_~D·D.~EsS-:.~6.~_·~~~~~UN~Y !O_ S~~r~"l~"··-·' .__... m ... • • •• - - •••
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Address (include either City &: SUJ.U or ZIP Code· omit oMress I
to zoom map to a city or ZIP codJJ £lTBa) County
Street Address: I_ __ ... 1i County: L. _ i

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I
City & Stale: I _

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Slate: t::rn
ZIP Code: ____ .. __ ..J
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(Search~ tReset' (SearCh} ~
. . ..-.._ . ,... .,.-- --.----.,,----. _____ '' __ .,, _____ ,. __ .____ ._._. __ ,.. ___ _. ____ ......J ___ ,____ ,,_._._ .. _ -. ___.____ .__ - -.-._,._"_._. ____ , . ______ ... __
20f2 5/12/09 9: 15 AM
t'J""'It:.C Map Print http://maps Jfi ec .gov IFA ECMappcrrrG MapS rv .aspx ?slrecl_add ...
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( I 2008 ',,{ormallon
ISlrttt Address 1110045 KINGS HWY
ICity Name liKING GEORGE
Legend---.
ISIlIk Abbr IIVA - Highway
IZip Code 11224 &5 Tr8d
IMSAIMD Code IINA - Street
IStile Code 11 51
ICounty Code: 11 099
IITract Code 11 9904 .00
1 of 1 5/12109 9:42AM
OF REAL ESTATE
Angel Court
that certain tract or situate, lying and being in

Magisterial District, Virginia, designated as Lot 2,
V ...,.,.........LLUJ'15
acres, more or less, and more •• ..., • .,.......J -shown on Major Subdivision Plat
15, 2008, prepared by - Inc., which plat is to be reC;Of(lea
Clerk's Office 0 f yp.,,-rop County, Virginia
TABA.2
(Revitatization Area Certification)
Not Applicable
Location Map
Angel Court, LLC
c/o Project FAITH, Inc.
10073 Kings Highway
King George, VA 22485
rtwood Mar/land
Brook.
Poin1
Lltelend .1 organ1C'
Bel Air
Brookfield GODY
~
~
I
- Fredericksburg
lor Amold& '
I
lambs Comer dgeh~1 Maple '
COI\~rd Grove CokmiclJ
Lee'leils , H':;lghts
CrMk Belld ;
MontagY&
> • Dogue
P.:.t'
,., G']l.
~
,
"'ania
.." "
.~ "
..
, " ~r:\
Port Royal ;·
Smith Hill _
Old r<ap ; "'r!~r)

No:;:' W_'Md D«f!iJ e,..."... @> \_~ C
Location of Angel Court in proximity to surrounding communities
KJng
George
.,.
/' ,.
.....
(> -i
~
()
'.)
CD
Angel Court is located north of Route 3 in King George Cou nty
off of Faith Drive west of Angelwood Development Phase II (under construction)
and the King's Highway Project (aka Ange\wood I)
Surveyor's Certification of Proximity
To Public Transportation
DEPUTY LAND SURVEYING, Inc.
P.O. Box 376
King George, Virginia 22485
(540) 775-5585
Surveyor's Certification of Proxlmtty to Transportation
(This Fonn Must be Included With Application - TAB A)
(ThIs Letter must be Submltied Under Swwyor's Corporate I..etterhead - Any change in
this form may result in a reduction of points under the scoring system.)
DATE: May 12, 2009
TO: Virginia Housing Development Authority

Richmond, VA 23220-6500
RE: 2009 T<I)( Credit ReservatiOn Request

Name of Development ....:Ang:...::..:lc:8::...1Co:;::::u::.rt~-:--:=-_ _ _ _ _ _ _ _ _ _ _ _ _ __
Nameof~: ....:A~~~::...IC~ou~~~LL~C~_ _ _ _ _ _ _ _ _ _ _ _ _ _ ____
Gentlemen:
This letter is submitted to you in support of the Owners Application for Reservation of
Low Income Housing Tax Credits under Section 42 of the Internal Reveooe Code of 1986, as
amended.
Based UpOn due investigation of the site and any other matters as it deemed necessary
this firm certifies that the main street bolr1dary entrance to the property is within:
o 2,640 feet or ~ mile of the nearest access point to an exlsting commuter rail,
light rail or subway station; or
[8l 1,320 feet or % mile of the nearest access point to an existing public bus
stop.
The latitudes and longitudes in decimal format (ex: ·n.452788 I 38,n987) are as
follows:
fit: : -riti5 GIl..~·.orCA~.. a-., "S Deputy Land Surveying, Inc.

Firm Name
I!. 0 u t~ -fk fk6v ..... ?+ '0.- ftt k l By:1)AJ.o L. nerU~t
~ " ~f,'i faA;'" {)rlJil AI. ~ 5 .tt....
Its: f!2es-tOe>.tT
<~ltt?~~~~ Title
TABB
(Partnership or Operating Agreement)
OPERATING STATEMENT
OF
ANGEL COURT, LLC
PURSUANT TO VIRGINIA CODE § 13.1-1023 (2)
t'''''~'<HLl:l5 Statement is made and entered into by Angel Court, LLC, a

Virginia limited liability company (the "Company") and Court Man~~em,ent
Corporation, a Virginia corporation, the sole Member of the (the "Member"), ,;
pursuant to Section 13. (2) of the Code (1950), as amended.

L Purpose of Company. The Company is the of
reaJ estate in County, Virginia, and developing and
"""""N>t".".y thereon affordable housing and using a combination of
debt and equity derived from federal low income housing tax credits (the "Project"), to
do aU acts necessary or incidental to the accomplishment of that purpose and to engage
such engineers, architects, contractors and other persons to accomplish such purpose. In
particular, the Company is authorized to prepare and file an application reservation of
low income housing tax credits with the Virginia Housing Development Authority and to
enter into such other ag]:eelmems as may required for the purposes set forth above.
i,
2. The Company shall be managed by a Manager or
Managers, who may, but need not be Members of the Company. Except as expressly
provided otherwise in the Virginia Limited Liability Company Act, Sections 13.1-1000,
et seq. of the Code of Virginia, as amended (hereinafter, the "Act") the Articles or this
Agreement, the or Managers shall (i) complete and ...." ........."l
control of the management the Company's and affairs and (it) have the right,
power, and authority on of tht;: and in name, to all of
rights, powers, and authorities of the Company Act. The Manager shall
discharge its duties in accordance with the standards of conduct set forth in section 13.1-
1024.1 of the Act
3. Initial Manager. initial Manager the Company shall Angel
Court Management Corporation, which is aJso the sole Member Company. Angel
Court Management Corporation hereby France W. Wardlaw as its ......,,'.J!;.IJ'<4.LI;;'...,
for all matters ''I"'~'f'p,'rn1T1Cl" Project. The of Fronce W.
Wardlaw win bind the Company in all matters.
4. The Company indemnify any
against any and all or whatsoever. The of
indemnification shaH nOl exclusive any other to which the may be
entitled. The Manager may take such as is necessary to carry out
indemnification provisions and may adopt, approve and amend from time to time such
resolutions or contracts implementing such provisions or such further ",,,,,-,,n,uu
arrangements as may be by
S. So long as the Manager acts faith
and exercises good judgment in determining best .nt.",,..,,..,1 the
Company> the Manager shall not be liable or accountable to Company or to of the
for any error of judgment, for any or
of law, or for any act or that it may do or in connection
with affairs of the Company with "",.,.., ..".t to ,",uu,,,,,,,,",,,, of business
ofthe Company.
6. may admit new Members
7. Company is
expressly authorized to enter into a nonprofit purchase option and right first refusal
with Project FAITH, or other qualified nonprofit organization, which purchase
option shall satisfy of Section of the Internal Revenue Code of 1986,
8. Notwithstanding
any other provisions of shall be subject
to regulation supervision by the Virginia Housing Development Authority
"Authority") in accordance with the Virginia Housing Development Authority the
Rules and Regulations of the Authority and any Deed of Trust assumed or to be """"",..,., •. ,..
or executed or to be executed by this Company for the benefit the Authority and shall
be further subject to the by the Authority of the rights and powers conferred on
the Authority thereby. Notwithstanding any other provision of this Agreement, the
Authority may rely continuing effect this provision that shall not be amended,
~. , .. -
~., "j,-~ • -"' ..
altered, waived, supplemented or otherwise changed without the prior consent of
the foHowing signatures as of the 5th day March 2009:
Company:
ANGEL COURT, LLC

ANGEL COURT MANAGEMENT CORPORATION
Member/Manager:
ANGEL COURT MANAGEMENT CORPORATION

a Virginia corporation
._ ,,'" Xit::tt,
100%
Al;1g§'1 C:911rt
Man~getne1Jt C<>frW0,l'atjon
~Qh~ MeJn~er
Pr.();i'ee,l'~A,Jm"llii ;
I"h~i1 ~ Warmliw,
13, e~e ·L}u'eGro)'
TABC
see
(VA Certification)
STATE CORPORATION COMMISSION
1?jclimonC£; 9vt.arcli 5} 2009
7Jiis is to certify tliat tlie certificate of organization of
Angel Court, LLC
was this cfay issued and admitted to recora in this office ana tfiat
( the said Eimited Eia6iEity company is autfiorizea to transact its
business su6ject to a[[ Virginia raws appEicabCe to tfie company
ana its business. CEffective date: ::Marcfi 5) 2009
State Corporation Commission

JIttest:
~~
Ckrk,ojtfie Commission
.
( CIS0368
TABD
(principal's Previous Participation Certification)
J!lie_ Previous Participation ertification
VHDA Developmen1 Name:
Name ot Projecl fAITH. Inc.
Controlling General Portner: --~------------------------
Angel Court MOJ'lOgemenl Corporation (Projecl FAlfH,lnc.j
INSTRUCTIONS:
This certification must be signed by on individual who is, or is authofized 10 ael on behalf of the Controlling General
Portner {if lP) or Member (if 01 the Applicant, as in the Application. VHDA will accept on
authorization document which signatory authorization to on behalf of the principals.
2 Attach a resume lor each principal ot Ihe general parlnership or limited company (lLC) and on
organiz01ion chart for the limited partnership and LlC.
3 A Schedule A 15 for ti&!l prlnclpal of the GP.
4 For each listed as "non-compliance found," please aNoch a detailed explanation of the nature of the non-
compliance, whether or nol il has been resolved.
5 The dale ol1hl$ certifico1ion must be no more than 30 to submission of Ihe Application.
Failure 10 disclose information aboul which have been found 10 be aul of compliance or any material mis-
...." ......~Inli,.."< are grounds for rejec1ion of on application and prohibition against fviu(e applications.
DEFINITIONS:
For the purpase olth!s Certification, the following definitions shall
Development sholl mean the prQ!po:sed multifamily renlal housing developmen1 identified above.
fgj~!.I2!;;!.!l!1 sholl mean lhe prinCipals who will partiCipate in the ownership of the rlAVAll"'>nmA
f!1!l£!JQQ.!shall mean any person (including any individual, joinl venture. partnership, limiled liabilily company.
corporation, nonproli! organization, trust, or any other public or enUiy) that (i) with to Ihe proposed
development will own or partiCipate in the ownership 01 the proposed development or (ii) wilh respeclto an exisling
mullifomily renlal project, has owned or participated in the of such prolect all as more tulty described
hereinbelow. The person who is the owner of the or mulfifamlly renlal project is considered a
principal. In defermining whether any other person is a principal. the following guidelines shall govern:
!. In the cose of a partnership which is a principal (whether os the owner or otherwise), all n""'rlAf,nl partners are also
considered principals, regardless of the percentage inlerest of the general poriner;
2. In the case 01 a public or corporation or or govemmental as

the owner or otherwis~). olso include the vice presidenl. and treasurer and other
officers who ore responsible to Ihe board of diredors or any equivalent governing body, as well os all
direciors Of other members of the body and any stockholder having a 25% or more interest;
3. In the case of a limited liability company (llCllhat is a principal (whether as the owner or otherwise), all members
ore olso considered principals, of the inlerest of the member;
4. In Ihe case of a trust that is 0 principal (whe1her as the owner or otherwise), all persons having a 25% or more
beneficial ownership inlerest in the asse1s of such trusi;
5. In the case of any other person thol is a (whether as the owner or otherwise). all persons a 25% or
more interest in such other persan are also considered principals; and
o. Any person Ihot directly or indireclly controls, or has the power to con1rol. 0 principal sholl also be considered a
CERTIFICATIONS :
I hereby certify thai all Ihe sjajemenls mode by me are jrue. eomplele and correel to Ihe besl 01 my knowledge and
belief and are made in good lailh, including Ihe data contained in Schedute A and any statements attached to this
ceriificalion.
I. I further cerlify Ihol for Ihe period beginning 10 years prior 10 Ihe dole of Ihis Certification:
a. During any time that any of the participants were principals in any multifamily ren1al project, no projecl has been
toreclosed upon, no mortgage has been in default. assigned to the mortgage insurer (governmental or private).
nor has morlgage relief by the morlgagee been given;
b. During any lime Ihal any ot Ihe participants were prinCipals in any muliifamily renlal project. there has nol been
any breach by Ihe owner of any agreements relaling to the construction or rehabilitation , use, operation.
managemenl or disposition of Ihe projecl;
c. To the best ot my knowledge , there are no unresolved findings raised as 0 result of slale or federal audits,
management reviews or other governmental investigations concerning any multifamily rental project in which any
of the parlicipanls were principals:
d . During any lime Ihal any of the participants were principals in any multifamily rentat project, there has nol been a
suspension or termination of paymenjs under any slaje or federat assisiance contraei for the projecl:
e. None of the parlicipanls has been convicted of a felony and is nol presenlly. 10 my knowledge. the subject of a
complaint or indicimenl charging a felony. A felony is defined as any offense punishable by imprisonmeni for a
term exceeding one year. but does not include any offense classified os a misdemeanor under Ihe laws of a slale
and punishable by imprison men I of Iwo years or less;
f. None of the participants has been suspended, debarred or olherwise reslricled by any federal or state
governmental entily from doing business with such governmental entity; and
g . None ollhe participants has defaul1ed on an obligation covered by a surety or pertormance bond and has not
been the subjecf of a c laim under on employee fidelity bond.
2. I further certify Ihat none of the porlicipanls is a Virginia Housing Development Authority (VHDA) employee or a
member of the immediate household of any of its employees .
3. I luriher certify that none of Ihe participants is parlicipating in the ownership of a multifomily rentat housing projecl
as of this date on which construction has stopped for a period in excess of 20 days or (in the case of a mullifomily
renlol housing projecl assisted by any federal or slale governmental entily) whiCh has been substantially
completed for more than 90 days bu1 for which requisite documents for closing, such as the final cost certification.
have not been filed with such governmental enfity.
4. I further certity that none of the participants hos been found by any federal or stole governmental en1ity or courl to
be in noncompliance with any applicable civil righls, equal employmenl opportunity or fair housing tows or
regulations.
5. I funher cerlify that none of Ihe parliciponfs wa s a principal in any multifamily rental projecl which has been found
by any federal or siate governmenlaf enlity or court to have toiled 10 comply with Sec lion 42 of the Inlernal
Revenue Code of 1986. a s amended. during the period of time in which the parficiponl was a principal in such
6. Stalements above (if any) 10 which I cannof certify have been deleted by striking through Ihe words. In Ihe case
of any such deletion, I have aNached a true and accurate statemeni to explain the relevant facts and
circumstances.
WARNING: IF THIS CERTIFICATION CONTAINS ANY MISREPRESENTATION Of A MATERIAL FACT. THE AUTHORITY MAY REJECT
THE APPLICAT N FOR lOW-INCOME HOUSING TAX CREDITS AND MAY PROHIBIT THE SUBMISSION BY THE APPLICANT OF
AP~I S FOR SUCH CREDITS IN JHE FUTU~r/
, ~ ~ ~~. j/~~vI_Fr_o_nc_e_w__. W_O_(_dt_o_w______________________

Signature 0' I ( 09 Prinled Nome
Dote (must be no more thon 30 days prior to submission ollhe Application)

Schedule A: Us! of All lax Credit Developments for Each Principal to this Certillc.:ation
Complete the [ollowing. using separate pagers) as needed, fO( each principal. List Q[! developments thot hove
received allocations of tax credits under Section 42 of the IRC.
COlI.oIling G. P. 01 Propoied Project? "':'--,.,._ __
Conlroling NOn-
General compfionce
Nome of Ownership Entity POl1neri Totol Income Plocedln 8609{s) Issue Found~ YIN
Development Name/location ond Phone Number (Y/N) Oev. Units Units Service Dole Dole (Explain Ves)
Newenlity i no previous experience
2
3
4
5
6
7
8
9
10
II
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
.41
42
43
44
45
1IlffC ail ~ Of
1st PAGE TOTAl: o o 'DIV/O! Total Units
Schttdl.lle A: Usf 01 All Tax Credit o.velopmtllnts for Each Principal to this Cerilflcallon
r,r,m"'A!IA Ihe followlng. using separote pagels) os needed, for eoch LiS1 g)J developments thol have
received allocations of lox credits under Section 42 of Ihe IRe.
Controll ng G. P. ~ I'ropOled Project? ':"':"-,.,.---,..,.-_
Controlling Noo-
General TololLow compr.ance
Nome of Ownership Enlity ParinElr* Tolal Income Placed in I 8609(sJlssue found~ YIN
Development Name/location and Phone Number (YIN) Dev. Units Unils Service Dole (Explain Yes)
2
3
.4
.5 "'<W Development Y 32 32
Project FAITH Phose Two Under Not Yel NO
6 Phose II Development. LL.C. Construction
7 King George. VA 540-775-3492
8
9
10
II
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
I st PAGE TOTAL: 56 10Cl% rotal Units

Barbara COllat/a
Phyllis Asll1OII, President M()rris Tyler
James Brent. Presifleflf AI Holllmlll/
Word Taylor. II1ce Pruidellf Jut! yBowens
Roberfa MOil/gomer], Slu::retnry Elfie-Finn Mckenzie
WI/lis Frye, Jr., Treasurer Sfanley PlI/iVO(/tl
France' W. Word/tlw. Executive Dlrwar Robert Lowery
PROJECT FAITH, INC.

10073 Kings Highway
Office: 540. 775. 3492 Fax: 540. 3518
projed_faith@verizon.net
"FACILITATING ACCESS TO INDEPENDENT
Principle Objective /
To Facilitate Access to Housing for persons with disabilities elder individuals of low
Schema
a Community (CHDO), Project FAITH, is committed to
with disabilities and elder individuals gain and maintain access to housing
program
1) New Construction· Providing a varied newly constructed set of housing products. Projects
"""",r",r·" Universal Design at of affordability low income eligible households.
2) Client Advocacy - Negotiating debt, stopping foreclosures and assisting in debt restructuring
on behalf thus allowing clients to in housing.
3) Providing volunteer transpOltation to needed and access to food by being an active
member of the Fredericksburg Area Food Bank
January 2009
Angel Court is planned. Angel Court will provide two three bed-room multi-family rental units in
response to offer affordable to families to and joblessness in the
King County, Project FAITH The George Washington Regional Commission began
submission deliverables for a 2009 Community Development Block to sub mitted to The
Department of and Community Development (DHCD).
December 2008
King from DHCD for $25,000.
is to the planning The / Education,
Parenting and Assistance Center.
Page I of6
October 2008
Construction Angelwood Phase II schedule: 16/32 June 2009 and balance
November 2009. up activities will begin April 2009.
June 2008
The final site plan was subm to King George County for Angelwood II. Pre-construction
have held with the Earth review board, Community Housing the
Contractor and with construction department. Land disturbance will be grant by July 1
March 2008
The Department of Housing and Commw1ity (VADHCD) to $500,000
Virginia Housing Development Authority amended commitment to $1,689,000 in Spare and
in support of the development of Angelwood Phase
February 2008
The Home Loan Bank Atlanta awarded FAITH $160,000 their Affordable
Production grant program in support of the development of Angelwood H.
County approved FAITH's request to pursue Community Development Grant

funds from V ADHCD King County in support the development of a "needs focused"
Community Center to be located within the Angelwood The Community would
serve low residents Angelwood and community at large residing in Planning
16. Specifically the grant is the construction of a state maintained road, extension of
water and sewer, supportive infrastructure and the parking and lighting that would serve the center.
October 2007
Community Design Studios, headed by architect Arnold, AlA completed construction
documents for n of Angelwood. II will offer 32 one, two and three bedroom multi-fa:mlty
rental units. units are to be universally designed utilizing will earn the craft
certification upon completion.
May
Final allocation reward oflow income housing tax credits (LIHTC) Phase II 3.2 million $950,000
from Virginia Development Authority. FAITH Inc. has a application for
$750,000 from Department of and Community Development II is envisioned to in
the winter 2007.
April 2007 .
FAITH advances the agenda for the Community House to located within
Development. Community Housing Partners, General Contacior, lL.Howeth, Site Tom
Gannaway Architectural Resources have come together by request Project FAITH to develop
the project. With the support Silver Corporation VA other philanthropic
galllz:awms in the community, the project community house will serve
Angelwood residents and the community at large.
20f6
AGENCY RESUME
March 2007
FAITH successfully submitted an application an allocation tax credits
through Virginia Development Authority. allocation 3.25 million
will provide equity and support the of Phase II of Angelwood. allocation is
awarded, II will serve an additional with disabilities and elderly low At the
completion Phase II, Ange\wood Development will serve over 250 that are 40 to
below the
np'rI'I'>TlI Median
January 2007
Development of Phase I reassembled with cooperation King Board of Supervisors
and The George of Social planning of Phase II of
will .... """' ..""....,. Universally rental and a
November 2006
The Dedication of first phase Angelwood. formally known as Kings H Project L
Angelwood offers 24 Uoiversally Designed one and two bedroom rental units specifically for
with di Total cost is 5.6
June 2006
Project is awarded a 2006 al.location Low Income Housing Tax (LIHTC) VA
Development Authority (VHDA) in the amount $300,000. Allocation was to further support
deVelopment of The Highway Project
May 2006
Project 's Community Block Grant through VA Department of and Community
Development is awarded to 1. L. Kent & for the ingress, water and sewer Kings
~HI"-Hvvav Project.
April 2006
The of Wynter J.~"'J.L""'J.' known as House. Wynter Green is
and only public facility for """'''''I''ln with a specific disability (details can be discussed but not
March 2006
Site for The Highway ",,,,,1"1'
1-> ...
October 2005
Groundbreaking for of Johnny's House.
September 2005
Project was awarded $30,000 from Southeastern Rural Community Project to assist
the in the payment of tap the Kings Highway Project.
July 1, 2005
Project FAITH received the commitment for funding Single H.'-',.H....'v... Occupancy (SRO) project
known as "The of Johnny's House". total grant DHCD including subsidies is
$289,000.
June 10, 2005

Project was in the VHDA threshold of 10 percent The Kings
Project development costs $410,000, The 10 cleared the
equity to flow the project further the project with construction loan financing.
Project FAITH made commitments to George ofUB&T to exclusively all
the financing for all of the organization's construction
04 - May OS
is advancing the Highway Project through collaborated efforts with
George County, Southeastern Rural Project service The
secured all sources of fundi for the $3.9 million in development costs in
VHDA and (not including public improvements). In support of the
Project FAITH will receive benefit as a of a $696,000 CDBG award
George County for supportive infrastructure off-site
awarded a DHCD HOPWA Division for the expansion "Johnny's House".
expansion Johnny's will organization's service to persons with
disabilities at this location from 2 to 6. Building penn its are in process construction is scheduled to
( begin November
organization a commitment package ii·om VHDA in amount of $137.000 for a

family accessible home for a displaced permits are and
is anticipated to begin in 2005,
07/1104-07/31104
FAITH was awarded 2.68 million dollars Income Housing Tax from Virginia
Housing Development Authority (VHDA), .'-u....",,"", ..... VA and $694,340 in Community Grant
Funds from Virginia Department of and Community Development (DHCD) in of
The Kings Highway Project.
03/31104- 06/30/04
agency and its development positioned apply for two streams of funding to
support The Kings Highway 1) Community Block Grant Funds and 2) Income Housing Tax
Credits
03/06/04
~-,"_" conducting briefings with the Development Team to The Kings Project
The Development Team conjunction with the Board of Directors Advisory Board Project
FAITH, Inc. of: 1) Goins of Highlands Group, PC Architects and Land Planning 2)
Jeff Howeth, Site Engineer, David Deputy, Land Surveyor, Virginia Development
Page 4 01'6
Corporation, King George County supportive professionals, Began showcasing
the project the community for exhibit, input and questions answers,
III Conducted Community with neighbors to the

and loca] Government Officials Hosted a Fair Housing Workshop open to public
III Engaged aggressive Fund Development and
III Exhibited the Highway at a George Home Show
'II Nominated for Housing Humanitarian Award by Central VA HOllsing Coalition
'II Partnered Office of AARP to support effort! F AlTH in Action
III Received approval fro'm DHCD for Pre-Development
III To date the agency assisted 17 families in restructuring. Total debt
$300,000
6/1/03 12/1/03
and training on and off to increase capacity

attended the following training sessions:
• Development / Community Development

III Strategies Using UUlCCim(~S Building (OCCS)
• CHDO Breakout U,",,''''''''U';) Conference I OCCB
.. Housing lLv'v,",",>'!
III Home
III Workshops 1
III Board mem ber Responsibilities 1
Contracted Allen and Associates) of Charlotte, North . . ., ...... VUA. . . . to conduct a formal Survey
of the area.
1115/03 - 611103
by pending sales arranging debt

Iies over $150.000 worth debt was negotiated forgiven on behalf
l1li Applied and received a from the Robert Wood Jolmson Foundation to "''''U'UVI
a volunteer network Acton Program.

.. Assisted four with major home repair and renovation such as:
plumbing, whole painting exterior interior, installation
windows and
III Hosted Community BBQ / Guest UvQCAvl Lt. Governor, Tim the present Chair of
Disability Commission
l1li Completed Phase Environmental Study on
III and secured 39+-acre of land on State 3 to be home site Kings
:> of6
. Began daily office "T\P'"i'!U'
.. Entered into contract with for Seed Funding 1 CHDO Operating Funds
. $85,000 award DHCD 1 Start Up Funding
. gained status
Conception 3/2000 -1/15/02

.. Hosted Community Open for the first public Independent Living Facility in
County known as "Johnny's House", Supportive services were lare arranged the residents
.. Through collaborative community efforts organization raised over $70,000 and facilitated
completion "Johnny's House". A five room totally handicap accessible house.
.. Gained 50 I ( c ) 3 tax-exempt status
.. The Board 3 to 7
. came into existence
After assisting a childhood friend who had a recent double amputee) as a result of Hving in
... ..,."..... ".........,.... conditions with Nadine her vision
Realizing that King George County did not accessible
living to her Ms. Hooker teamed with Fronce Wardlaw and Phyllis Ashton,
now the Corporation founders in hopes of this community ill. The empathetic
community volunteers sought venues to incorporate.
*'iI:*
( lifted in the resume. Project FAITH, a leading
housing persons with disabilities and elder individuals of low incomes. The daily
goal is to provide access to and to provide an opportunity for everyone to achieve that which we all
desire~ a place to call home that is Affordable, Accessible, and Independ
Supponive documentation ojthe claims herein is avai1able upon request
6of6
France' Wardlaw is the Executive Director of Project Faith and has held this position for 6 years. She has
completed various lIHTC compliance trainings and currently oversees the compliance and management
of a 24 unit LlHTC property in King George County. She earned her ARM(Accredlted Residential
Manager) designation from the Institute of Real Estate Management(lREM} in 2008. She is also a
Certified Housing Credit Counselor. Project Faith is a state designated CHDO(Community Housing
Development Organization).
Mrs. Wardlaw resIdes in King George County and occasionally still works for American Airlines as an
International Airline Safety Professional.
'"
Ange1 @01Jrt, Lb'C
'-'-
100%
-,
r
&ng,eJ C9111t
Man(Jgl!meM J~:_orp0Yatt6ff
-$:o'le M&rniter
-" ~
'\
Pro.fe,0l firu.':rH. In':',

J'?JlQft'e_e ,Wru~l:a~,
[ij-Ket:ttfiVe~1D1re0ti:\,
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(
TA E
(N onprofit Questionnaire)
• •e
'--VHDA
Nonprofit Questionnaire
Panl!, 13VACIO-180-60, of the Qualified Allocation Plan (the "Plan") of the Virginia Housing Development
Authority (the "Authority") for the allocation of federal low income hOLising tax credits (,'Credits") available under §42
of the Internal Revenue Code. as amended (the "Code") establishes certain requ irements for receiving Credits ITom the
Nonprofit Pool established under the Plan and assigning points ror participation of a nonprofit organization in the
development of qualified low-income housing.
Answers to the following questions will be used by the Authority in its evaluation of whether or not an
applicant meets such requirements (attach additional sheets as necessary to complete each question).
I. General Information.
a. Name of development: Angel Court
b. Name of owner/applicant: Angel Court. L.L.C.I Project FAITH, Inc.
c. Name of Nonprofit entity: Project FAITH, Inc.
d. Address of principal place of business ofN onprofit entity: 10073 Kings Highway
Indicate funding sources and amount used to pay for office space: Private donations, developer'S fees,
DHCD CHDO assistance; $5,400 annuaJly
e. Tax exempl status: ~ 501(c)(3) D 50 I(c)(4) o 501(a)

f Date of legal formation of Nonprofit: 03/27/200 I (must be prior to appl icalion deadl ine);
evidenced by the following documentation: Articles and see documentation available upon request.
g. Date oflRS 50 I (c}(3) or 50 I(c)(4) determination lelIer: 04/12/2006 - available upon request
(must be prior to application deadline and copy must be attached).
h. Describe exempT purposes (must include the fostering of low-income housing in its articles of incorporation):
To promote and provide housing to persons with disabilities and elder individuals of low incomes. To
provide services and to promole existing services that focus on the total well-being of persons with
disabilities. Articles available upon request.
i. Expected life (in years) ofNonprofil:
J. Explain the anticipated future activities of the Nonprofit over the next five years:
Project FAITH will complete the construction of the 32 unit Angelwood Development Phase II and will
follow this project with the construction of the 24 unit Angel Court development. Project FA ITH is
also working with King George County to plan and construct an multi-purpose community services center.
1/09 Page 1 of 8
NONPROFIT QUESTIONNAIRE, continued
k. How many full time. paid staffmembers doeslhe Nonprofit and, if applicable, any other nonprofit
organization(s) ("Relared Nonprofit(s)") of which the Nonprofit is a subsidiary or to which the
otherwise relaled (by shared directors, eIC.) have? J How many
paid staffmembers? I Describe rhe duties orall slaff members:
L Does the Nonprofit share staff with any omer besides a Related Nonprofit described above?
[8J No )fyes, explain in detail:
m,
n. What are the sources and manner of funding of me Nonprofit? (You must disclose all financial and! or
the arrangements with any individual(s) or for profit entity, including anyone or any entity related,
directly, indirectly, to the Owner of me Development
o. list aU directors of the "'''',,''','''''' of service on the board, and their

residential addresses:
2. Nonprofit Formation.
a. Explain in detail the genesis of the formation of the Nonprofit:
b, Is the Nonprofit, or has it ever been, affiliated with or controlled by a for profit entity or local housing
DYes [8J No 'fyes, in detail:
c. Has any for profit organization or local HV,.,,,"I'. the Owner of the Development, joint
venture or any individual or entity directly or related to such Owner) appointed any
directors to the governing board of the Nonprofit? Yes No explain:
1/09 2 of 8
NONPROFIT NAI
d. Does any for-profit UJ o..............'v.. or local "V''"''U'',,", authority have the right to make such appointments?
Yes rzl No
e. Does any for profit organization or local housing authority have any other affiliation with the Nonprofit or
have any other relationship with the Nonprofit in which it exercises or has the right to exercise any other
of control? 0 Yes ~ No, explain:
f. Was the Nonprofit fonned by any individual(s) or profit entity for the [rincipal purpose of being
included in the Nonprofit Pool or reaiving points for nonprofit participation under the Plan?
DYes cgjNo
g. experience Nonprofit if applicable, the experience
other Related of which the Nonprofit is a subsidiary or to which the Nonprofit is otherwise
related (by shared directors, etc.):
h. If you included in your answer to the n!"'P.Vll"Illl<lquestioll concerning any Related Nonprofit,
describe the date fonnation the date of IRS SOI(cX3) or 50 1(cX4) its exp>ectl::<i
life, its charitable purposes and its to the Nl"I1rm!"',l"Itlt
a. Is the Nonprofit assured of owning an interest in the '''''''''~'''n~ (either or through a wholly
owned throughout the Compliance Period defined in §42(iXI) of the
[8Jyes
(i) Will the Nonprofit own at least 10% of the general ,..<lInn",..." "',,,,,,""'..,'" Yes DNa
(ii) Will the own 100% of the general partnership int,·,...."t/(\1ll111i Yes ONo
lfno to either 3a.i or 3a.n above, specifically describe the Nonprofit's ownership interest:
b. (i) wm the Nonprofit be the managing member or managing general partner? Yes 0 No
wbere in the partnership/operating agreement is this provision specifically
referenced? Section 3
(ii) Will the Nonprofit be the managing member or own more !tum of the general nllrml':I"':hl interest?
[8Jyes ONo
c. Will the Nonprofit ha'l(e the option or of first refusal to purcbase the development at the
end of the compliall~riod for a not to exceed the outstanding debt and exit taxes of the
for-profit entity? Il5J Yes 0 No if yes, where in the partnership/operating agreement is this provision
specifically referenced?
Recordable a£l'!eerrlel1t attached to the Tax Credit AP1PI1C8tlClU as TAB V
If no at the end compliance explain how the "''''!V'..""I. .,"'U of the assets will be structured:
1/09 3 018
d. Is the Nonprofit participating (regular, continuous. and substantial participation) in the

construction or rehabilitation and operation or management of the proposed Development? (gJ Yes No
(i) Describe the namre and extent of the Nonprofit's ,WI'........,."11

rehabilitation ofthe Development:
(ii) Describe the nature and extent of the Nonprofit's involvement in the operation or management of the
Development throughout the Extended Use Period (the entire time period of occupancy restrictions of
the low-income units in the Development):
invest in its overall interaction with the more than 500 hours annually
to this venture? No If yes.
subdivide the annual hours by activity and stafr
e. Explain how the idea for the proposed development was conceived. For example, was it in response to a
need identified a local neighborhood group? local government? board member? hOllsing needs study?
Third party consultant? other?
f. members of the Owner of the uevel'OOlnel1t (one must be the Nonprofit) and
g. I f this is a joint venture. (i.e. the Nonprofit is not the sole general partner/managing member), explain the
nature and eX[ent of the joint venture partner's involvement in the construction or rehabilitation and
operation or management of the proposed development.
h. Is a for services (excluding and

accounting development? 0 Yes (gJ No (i) the nature and extent
oflhe consultant's involvement in the construction or rehabilitation and operation or management
of the proposed
(ii) explain how this elatlollshlp was established. For example, did the solicit proposals from
several Did the for-profit contact the Nonprofit and offer the services?
1/09 Page 4 of 8
i. Will the Nonprofit or the Owner (as identified in the application) pay ajoim venture partner or consultam
fee for providing development services? 0 Yes [Xl No If yes, explain the amount and source ofthe
funds for such payments.
j. Will any portion of the developer's fee which the Nonprofit expecLs to collect from its palticipatioll in the of
developmem be used to pay any consultant fee or any other fee to a third pany entity or joint venture
partner? 0 Yes 0 No If yes, explain in detail the amount and timing of such payments.
k. Will the joint venture partner or for-profir consultant be compensated (receive income) in any other manner.
such as builder'S profit. architectural and engineering fees. or cash flow? 0 Yes 0 No Iryes. explain:
I. Will any member of the board of directors, officer, or staff member of the Nonprofit panicipale in the development
andlor operation of the proposed development in any for-profit capacity? 0 Yes ~ No
(fyes, explain:
m. Disclose any business or personal (including family) relationships that any of the staff members, directors or
other principals involved in the fonnation or operation of the Nonprofit have, either directly or indirectly,
with any persons or entities involved or to be involved in the Developmem on a for-profit basis
including, but notlimiled to the Owner of the Development, any of its for-profit general partners,
employees, limited partners or any other parties directly or indirectly related to such Owner:
n. Is the Nonprofit involving any local, community based nonprofit organizations in the development, role and
operation, or provision of services for the development? ~ Yes 0 No If yes, explain in detail,
including the compensation for the other nonprofits: Project FAITH is an active member of Tile
Rappahannock Disability Services Board, PD-16 Continuum of Care with 30 represented organizations.
Supportive services such as food
distribution and specialized transportation will be provided to this project's residentS in cooperation with
KGDSS.
4. Virginia and Community Activity.
a. Has [he Virginia State Corporation Commission authorized the Nonprofit to do business in Virginia?
IZl Yes 0 No
b. Defme the Nonprofit's geographic target area or popUlation to be served: Geographic - King George
County and Planning District 16. Population - persons with disabilities.
1/09 Page 5 of 8
c. Does the Nonprofit or. ifapplicable, Related Nonprofit have experience serving the community where the
proposed development is located (including advocacy, organizing, development, management, or
facilitation, but not limited to housing initiatives)? [3JYes 0 No [fyes, or no, explain nature, extent
and duration of any service: Project FAITH has constructed two other affordable housing communities
in King George: the King's Highway Project and Wynter Green Place. Angelwood Development Phase 11
is under construction. Project FAITH also works through the DSB, King George County Social Services, and
other service providers to coordinate service provision to disabled households.
d. Does the Nonprofit's by laws or board resolutions provide a formal process for low income, program
beneficiaries [0 advise the Nonprofit on design, location of sites. development and managemenl or aflordable
housing? t8J Yes 0 No If yes. explain:
As part of its CHDO requirements.
e. Has the Virginia Department of AgricuI tl.Jfe and Consumer Services (Division of Consumer Affairs)
authorized the Nonprofit to solicit contributions/donations in rhe target community? DYes rg] No
f. Does the Nonprofit have demonstrated support (preferably financial) from established organiza1ions,
inslirutions, businesses and individuals in the targe1 community? ~ Yes ONo If yes. explain:
Project FAITH has been supported bi: King George Countt, Union Bank and Trust, other King George area
businesses, and numerous volumeers.
g. Has the Nonprofit conducted any meetings with neighborhood, civic. or community groups and/or tenant
associations to discuss the proposed development and solicit input? [3J Yes 0 No If yes, describe the
meeting dates, meeting 10c31ions, number of attendees and general discussion points:
Angel Court and other Project FAITH projects were discussed in public input meetings
held in connection with applying for Virginia COBG funding.
h. Are at least 33% of the members oflhe board of directors representatives of the community
being served? (2J Yes 0 No If yes, (i) low-income residents of the community? 1Zl Yes 0 No
(1) elected representatives of low-income neighborhood organizations? 0 Yes 1Zl No
I. Are no more than 33% of the members of the board of directors representatives of the public seClOr (i.e. public
officials or employees or those appoimed to the board by publ ic officials)? DYes [3J No
j. Does the board or directors hold regular meetings which are well attended and accessible to the target
community? ~ Yes 0 No If yes, explain the meeting schedule: Project fAlTH's Board meets
at least monthly at the Project FAITH offices.
k. Has the Nonprofit received a Community Housing Development Organization (CHDO) designation, as defined
by the U. S. Department of Housing and Urban Development's HOME regulations, from the state or a local
partic ipad ng ju risd iction? [3J Yes 0 No
1/09 Page 6 of 8
I. Has the Nonprofit been awarded state or local fi..mds for Ihe pmpose of supporting overhead and operating
expenses'> (2J Yes 0 No I I' yes, explain in detail: Project FAITH has received CHDO operating
suppor! ITom Virginia DHCD from time to time.
m. Has the Nonprofit been formally designated by the local government as the principal community-based
nonprofit housing development organization for the selected target area? DYes 0 No If yes, explain:
11. Has the Nonprofit ever applied for Low Il1col11~ HOllsing Tax Credits for a development in which it acted as a
joint venture partner with a for-profit entity? 0 Yes (2J No rryes, note each such application including:
the development name and location, the date of application, the Nonprofit's role and ownership status in the
development, the name and principals of the joint venture partners, the name and principals of the general
conrractor, the name and principals of the management entity, the result of the application, and the current
status ofthe development(s).
o. Has the Nonprofit ever applied for Low Income Housing Tax Credits for a development in which it acted as
the sole general partner/managing member? 0 Yes D No {fyes, nGle each such development including
the name and location, the date of the application, the result of the application, and the currem status of the
development(s).
King's Highway Project - King George, VA - applied 2004 and 2006 - constructed and in operations
Angelwood Development Phase II - King George, VA - applied in 2007 - under construction
p. To the best of your knowledge, has this development, or a similar development on the same site, ever
received tax credits before? DYes 0 No If yes, explain:
q. Has the Nonprofit been an owner or applicant for a development that has received a reservation in a previous
application round from the Virginia Housing Partnership or the VHDA Housing Funds')
[g] Yes D No (fyes, explain:
Project FAITH has obtained VHDA funding for the King's Highway Project, Wynter Green Place, and
Angelwood Development Phase II, among others.
r. Has the Nonprofit completed a community needs assessment that is no more than three years old and that,
at a minimum, identifies all of the defined target area's housing needs and resources? 0 Yes 0 No
If yes. explain the need identified:

1/09 Page 7 of 8
s. Has the Nonprofit completed a community plan that (I) outlines a comprehensive strategy for addressing
identified community housing needs, (2) offers a detailed work plan and time line for implementing
the strategy, and (3) documents that the needs assessment and comprehensive strategy were developed
with the maximum possible input from the targer community? D Yes ~ No
If yes. explain the plan:
5. Attachments. Documentation of any of the above need not be submitted unless requested by VHDA
The undersigned Owner and Nonprofit hereby each certify that. to the best of its knowledge, all of the
foregoing information is complete and accurate. Funhermore, each certifies that no anempl has been or will be made to
circumvent the requirements for nonprofit pal1icipalion contained in Ihe Plan or Section 42 of the Internal Revenue
Code.
II f29
Date
1) ' Oc(
Date
Executive Director
1/09 Page 8 of 8
Phyllis Ashton, PresiJImt Fronce' HI: WardlllW, Exullt1~e DlrecIQr
JamB Brel/I,l" VICE-Pres/dolt Barbnra Cal/ada
Ward Taylor, 2..,J Vice Prl!sld~Il' AI Hollb"/IIt
WlDIs Frye, rrellsurer Morris Tyler
Roberta MOlltgomery, Secretary' EIjIe Fum McKmzie
StlUlky Pal/voda PROJECT FAITH, INC. Judy BowellS
Robert Lowery
10073 Kings Higbway
"FACILITATING ACCESS TO INDEPENDENT HOUSING"
Board of Director Occupation Address Length of Service
Phyllis B, Ashton Retired Teacher 17154 Good Hope Rd. Founder

President Treasurer of local King George, VA 22485 7 Years
540.775.9238 NAACP
James Brent Retired Federal 15295 Owens Drive 2 Years
i Vice· President Government! Navy King George, VA 22485
540-663-3670 Co-Owner of JB Cleaners
Nillis Frye, Jr. Self -Employed 9547 Caledon Rd 8 months
Treasurer Building Contractor King George, VA 22485
775·7406
( '~erta Montgomery Disabled 1000 Kings Hwy. 6Years
_~ording Secretary' King George, VA 22485
540-775-9456
Barbara Canada Disabled 8196 Caledon Rd 2 Year
540·273·8220 Kin~ George, VA ' 22485
Al Holliman Retired / DC Housing 3079 Mathias Point 2 Year
663.0162 Authority King George, VA. 22485
Elfie Finn-McKenzie Pastor, Fletcher's Chapel 8330 Fletcher's Chapel 1 Year
540-775-7247 UMC RD
604-4579 King George, V A 22485
Judy Bowens Department of Defense 4404 Chesapeake PI 1 Year
663-3419 King George, V A 22485
Morris Tyler Disabled Veteran 9003 James Madison 3 Years
424-8689 Pkwy.
424·2115 King George, V A 22485
775-1212
Ward Taylor Retired 11330 Dixie Dr, Newly appointed

775-7704 AARP / King George King George, VA 22485
Chapter
I Kobert Lowery 9310 Indiantown Newly appointed
King George, VA
Stanley Palivoda Broker! 15521 Real Estate Dr. Newly appointed

540-809-4701 Developer King VA 22485
Century 21 Real
STAFF
W. Wardlaw Director, 12480 Richards Ride F oWlder- 2000
540~ 775-05991 home Project Manager~ George, VA. 22485 Board - 6/03
540~809-6726 / ceIl InFlight Service Assist. 6/03-2/05
Coordinator, American Dir.- 2/05· Present
Airlines
Tiffany M. Office PF 8038 Kings Hwy 3
540-775-4480 Property Management King George, VA 22485
"U.LllL ........ and Office Asst. 1
ADVISORY BOARD
Johnson Kanady Corporate Attorney- 7130 Glen Forest Dr., Ste. Newly appointed
( Kanady & Quinn, P.C. 120
Richmond, Virginia
David Coman PO Box 130 7 Years

775.5634 King George} VA 22485
Eldon James 3304 Bourbon Street 5

VA
Jeanne Dove-Tayor
540-663-2591
Mike Dooley & Vicars, CPA 2Year
804-355-2808
TABF
(Architect's Certification)
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)
NOTE: It the development includes any combination of New Construction, Rehabilitation and
Adaptive Reuse, then separate Architect Certifications must be provided for eachCdnstruction type.
The proper completion of this certification is critical to calculate the average unit square
feet and net rentable square feet of each unit type, to document amenity items for which points
will be awarded, and to calculate certain elements of the efficient use of resources points.
If this certification is not completed correctly there may be loss of points or disqualification of the
application to compete for tax credits. If this development receives an allocation of tax credits and
items are not provided as indicated on this certification then VHDA may. at its sole option, require
the payment by the Owner of an amount UP to 10% of the Total Development Cost (as set forth in
the Application) of the development as liquidated damages for such violation or the total loss of
credits may result. Therefore, it is imperative that this certification reflect the true and accurate intent
of what will be provided in return for an allocation of tax credits.
Each section of this certification contains instructions on how the information should be provided.
For Unit Size Calculations, the Average Unit Square Feet and Net Rentable Square Feet should be listed
to two (2) decimal places. The number of units indicated should be only the units for which rent will be
collected. For Average Unit Square Feet calculations, the Total Square Feet should equal the Average
Unit Square Feet multiplied by the Number of Unitsrrype. The total at the bottom of the Total Square
Feet column should equal item (D) on the same page of the certification, or be within 1 digit due to
rounding. The total at the bottom of the Number of UnitsfType column should equal the number of units
in the tax credit application.
Accessibility certifications on page 8 are for tax credit point categories only and are not to be
confused with minimum code requirements.
The architect signing this document is certifying that all unit and site amenities indicated in this
certification are incorporated into the development plans and specifications and unit-by-unit work
write-up, and that all products necessary to fulfill these representations are available for these purposes.
The individual who certifies this information must initial the pages where indicated, provide
the personal information requested and sign on the last page. This certification should not be
mailed separately to VHDA but returned to the developer for Inclusion in the tax credit application.
(Acknowledge and include this instruction sheet as part of the certification)
Acknowledged:
Printed N~me: Colin M. Arnold

COMMUNITY 0
DESIGN '-..i
-o
::::l
I-
en
Richmond, Virginia 23220-6500
Attention: Jim Chandler
RE: ARCHITECT'S CERTIFICATION

Name of Development: Angel Court
Address of Development: Faith Drive (west of Angelwood Phase II) lUng George, VA
Name of Owner/Applicant: Angel Court, LLC / Project FAITH, Inc.
The above-referenced Owner has asked our office to provide this certification regarding (i)
plans and specifications, (i.i) the development square footages, average unit square footages and net rental square
footages, (iii) the amenities the development will have upon completion, and (iv) federal and state requirements
pertaining to development accessibility for persons with. disabilities. This certification is rendered solely for the
confinnation of these items. It is tmderstood it will be used by the Virginia Housing Development Authority solely
for the purpose of determining whether the Development qualifies for points available under VHDA's Qualified
Allocation Plan for housing tax credits and future consequences for failme to provide items certified below.
Plans and Specifications:
Required documentation for all properties (new construction, rehabilitation and adaptive reuse)
1 A location map with property clearly defined

2 Sketch plan of the site showing overall dimensions of main building(s), major site elements
(e.g., parking lots and location of existing utilities, and water, sewer, electric,
gas in the streets adjacent to the site). Contour lines and elevations are not required.
3 Sketch plans of main building(s) reflecting overall dimensions of:
a. Typical floor planes) showing apartment types and placement
b. Ground floor planes) sbowing common areas;
c. Sketch floor planes) of typical dwelling unit(s);
d Typical wall section(s) showing footing, foundation, wall and floor structure.
Notes must indicate basic materials in structure, floor and exterior finish.
In addition: required documentation for rehabilitation properties

A unit-by-unit work writt>-up.
Initials ~~../
2
ARCHITECT'S CERTIFICATION, continued
Th!s certification includes two (2) separate calculations of squar.e footage:

1. Avcrngc Unit Squar.e Feet: Measurements Include A Prorata Sha:re of Heated Residential Common Area
2. Net Rentable Squar'\) Feet:· McasurementsDo No! Include AProrala Share of Any Common Area
wId Reflect All Floor Plan..~ ofEa:ch Unit Type (I-BR, 2-BR, etc.)
1. Average Unit Square Feet: (These measurements impact the scoring of tax credit applications)
For purposes of determining the usable residential heated square feet, the buiJding(s) were measured from the
outside face of exterior walls and the centerline of any party walls. All unheated spaces and stairwells
which are no more than heated breezeways and nonresidential, income producing conunercial spaces were
subtracted from this measurement. Community rooms, laundry rooms, property management offices and
apar1ments, heated maintenance facilities, and other common space designed to serve residential tenants were
not deducted . Based on this procedure, I certify the following calculations in determining the usable heated
square feet for the above referenced development:
28,500.04 (A) Total floor area in (sq. ft.) for the entire development
0.00 (B) Unheated floor area (breezeways, balconies, storage)
0.00 (C) Nonresidential, commercial (income producing) area
28,500.04 (D) Total usable residential heated area (sq. ft.) for the development
INSTRUCTIONS FOR AVERAGE UNIT SQUARE FEET CALCULATIONS:

Provide the average unit size for each bedroom type, (1 bedroom elderly, 2 bedroom garden, 3
bedroom townhouse., etc.) by adding the total square feet of all the same bedroom types (2 hedroom
garden with 1 bath and 2 bedroom garden with 2 baths) and adding the prorated share of beated
common residential space and divide by the total number of the same bedroom types (2 bedroom
garden). Do not alter any items below.
Average Number of Total

Unit Types Unit Sq. Ft.* x UnitslType Square Feet
Assisted Living 0.00 0 0.00

I Story/BFF-Elderly 0.00 0 0.00
1 Story/l BR-Elderly 0.00 0 0.00
I Storyl2 BR-Elderly 0.00 0 0.00
Efficiency Elderly 0.00 0 0.00
1 Bedroom Elderly 0.00 0 0.00
2 Bedrooms Elderly 0.00 0 0.00
Efficiency Garden 0.00 0 0.00
1 Bedroom Garden 0 .00 0 0.00
2 Bedrooms Garden 1,129.20 20 22,584.03
3 Bedrooms Garden 1,479.00 4 5,916.01
4 Bedrooms Garden 0.00 0 0.00
2 Bedrooms Townhouse 0.00 0 0.00
Total 24 Total 28,500.04
.. Including pro rata share of heated, residential common area
3 Initials
ad=:
2. Net Rentable Square

For purposes of calculating Net Rentable Square Fe~ the units were measured from the face of each interior wall. The
values below therefore indicate the actual square footage of each unit floor plan. (For example, there may be 2 distinct
I-bedroom floor plans, 3 distinct 2-bedroom floor plans, etc. The purpose of this section oftbe Architect Certification is to
document and certify the floor space attributable to residential rental units in the development.)
Floor Plan Number of Units

Unit Type Square Feet This Floor Plan Total
Efficiency 0.00 0 0.00

1 Bedroom 0.00 0 0.00

1 Bedroom 0.00 0 0.00
1 Bedroom 0.00 0 0.00
1 Bedroom 0.00 0 0.00
I Bedroom 0.00 0 0.00
I Bedroom 0.00 0 0.00
1 Bedroom 0.00 0 0.00
I Bedroom 0.00 0 0.00
I Bedroom 0.00 0 0.00
1 Bedroom 0.00 0 0.00
1 Bedroom 0.00 0 0.00
I Bedroom 0.00 0 0.00
1 Bedroom 0.00 0 0.00
1 Bedroom 0.00 0 0.00
1 Bedroom 0.00 0 0.00
1n;.aI, {)I{
4
(Net Rentable Square Feet continued)
2 Bedroom 1,003.91 12 12,046.94

2 Bedroom 1,039.61 8 8,316.87
2 Bedroom 0.00 0 0.00
2 Bedroom 0.00 0 0.00
2 Bedroom 0.00 a 0.00
2 Bedroom 0.00 0 0.00
2 Bedroom 0.00 0 0.00
2 Bedroom 0.00 a 0.00
2 Bedroom 0.00 a 0.00
2 Bedroom 0.00 a 0.00
2 Bedroom 0.00 a 0.00
2 Bedroom 0.00 0 0.00
2 Bedroom 0.00 a 0.00
2 Bedroom 0.00 0 0.00
2 Bedroom 0.00 a 0.00
3 Bedroom 1,347.16 4 5,388 .63

3 Bedroom 0.00 0 0.00
3 Bedroom 0.00 0 0.00
3 Bedroom 0.00 0 0.00
3 Bedroom 0.00 0 0.00
3 Bedroom 0.00 a 0.00
3 Bedroom 0.00 a 0.00
3 Bedroom 0.00 0 0.00
3 Bedroom 0.00 0 0.00
3 Bedroom 0.00 0 0.00
3 Bedroom 0.00 0 0.00
3 Bedroom 0.00 0 0.00
3 Bedroom 0.00 0 0.00
3 Bedroom 0.00 0 0.00
3 Bedroom 0.00 0 0.00
4 Bedroom 0.00 a 0.00

4 Bedroom 0.00 a 0.00
4 Bedroom 0.00 a 0.00
4 Bedroom 0.00 0 0.00
4 Bedroom 0.00 0 0.00
4 Bedroom 0.00 0 0.00
4 Bedroom 0.00 a 0.00
4 Bedroom 0.00 0 0.00
4 Bedroom 0.00 0 0.00
4 Bedroom 0.00 0 0.00
4 Bedroom 0.00 0 0.00
4 Bedroom 0.00 0 0.00
4 Bedroom 0.00 a 0.00
4 Bedroom 0.00 a 0.00
4 Bedroom 0.00 0 0.00
Total: 24 25,752.44
5
Initial, L4==
Development Amenities:
I certify that the development's plans and specifications, work write-up, and proposed budget
incorporate aU items from VHDA's most current Minimum Design and Construction Requirements.
The Requirements apply to any new, adaptive reuse or rehabilitated development
(including those serving elderly and/or physically disabled households).
The Minimum Design & Construction Requirements may be found on VHDA's website at
www.vhda.com.
For ~ development upon completion of construction/rehabilitation: (non-mandatory amenities)
o % a.( I) Percentage of 2 bedroom units that will have 1.5 or more bathrooms
100 % 8.(2) Percentage 00 or more bedroom units that will have 2 or more bathrooms
o b. The development will have a community/meeting room with a minimum of749 square feet.
33 .99 % c. Percentage of exterior walls covered by brick (excluding triangular gable end area,
doors windows and retaining walls)
o d. All kitchen and la\IDdry appliances meet the EPA's Energy Star qualified program
requirements
o e. All windows meet the EPA's Energy Star qualified program requirements
o f. Every unit in the development is heated and air conditioned with either (i) heat
pump units with both a SEER rating of 14.0 or more and a HSPF rating of 8.2 or
more and a variable speed air handling unit (for through-the-wall heat pump equipment
that has an EER rating of 11.0 or more), or (ii) air conditioning units with a
SEER rating of 14.0 or more and 8 variable speed air handling unit, combined with gas
furnaces with an AFUE rating of 90% or mOTe
o g. Water expense will be sub-metered (tenant will pay monthly or bi-monthly bill)
o h. Each bathroom consists only of low-flow faucets (2.2 gpm maximum) and
showerneads (2.5 gpm maximum)
o i. Provide necessary infrastructure in all units for high speed cable, DSL or
wireless internet service
o j. All water heaters will meet the EPA's Energy Star qualified program requirements.
Initials 04-==
6
For all developments exclusively serving elderly and/or handicapped tenants, upon completion of
construction/rehabilitation: (non-mandatory amenities)
o a AU cooking ranges will have front controls

o b. All units will have an emergency call system
o c . All bathrooms will have an independent or supplemental heat source
o d All entrance doors have two eye viewers, one at 48" and the other at standard
height
For all rehabilitation and adaptive reuse developments, upon completion of construction/ rehabilitation:
(non-mandatory)
o The structure is listed individually in the National Register of Historic Places or

is located in a registered historic district and certified by the Secretary of the
Interior as being of historical significance to the district, and the rehabilitation will
be completed in such a manner as to be eligible for historic rehabilitation tax
credits
Building Structure:
Number of Stories
o Low-Rise (1-5 stories with !!!IT structural elements being wood frame construction)
o Mid~Rise (5-7 stories with no structural elements being wood frame construction)
o High-Rise (8 or more stories with DO structural elements being wood frame construction)
7
Accessibility:
I certify that the development plans and specifications meet all requirements of the federal
Americans With Disabilities Act.
J certify that the development plans and specifications meet all requirements of HUD regulations
interpreting the accessibility requirements of section 504 of the Rehabilitation Act. Please reference
Unifonn Federal Accessibility Standards (UFAS) for more particular information.
Check one or none of the following point categories, as appropriate:
o For any non-elderly property in which the greater of 5 or 10% of the units (i) provide federal project-based
rent subsidies or equivalent assistance in order to ensure occupancy by extremely low-income persons;
(ii) conform to HOD regulations interpreting accessibility requirements of sec.tion 504 of the Rehabilitation
Act; and (iii) are actively marketed to people with special needs in accordance with a plan submitted as
part of the Application. (If special needs include mobility impairments the units described above must
include roIL-in showers and roll under sinks and front controls for ranges). 50 pts.
o For any non-elderly property in which the greater of 5 or 10% of the units (i) have rents within HUD's
Housing Choice Voucher ("HCV") payment standard; (ii) conform to HUD regulations interpreting
accessibility requirements of section 504 of the Rehabilitation Act; and (iii) are actively marketed to
people with mobility impairments, including HeV holders, in accordance with a plan submitted
as part the Application. 30 pis.
o For any non-elderly property in which at least four percent (4%) of the units confonD. to HUD
regulations interpreting accessibility requirements of section 504 of the Rehabilitation Act and are
actively marketed to prople with mobility impairments in accordance with a plan submitted as part
of the Application. 15 pts.
As architect ofrec.ord for the above referenced development, the above certifications are
correc.t to the best of my knowledge.
Signed:
Printed Name:
Title: Director
Virginia Registration fl.: 11337
Phone: 540-382-2002 x333
Date: May 8,2009
NOTE TO ARCHITECT: Any cbange in this form may result in disqualification or a

reduction of points UDder the scoring system. If you have any questions, please call Jim
Chandler at VHDA (804) 343-5786.
Return this certification on Architect's Letterhead to the developer for inclusion in the
tax credit application package.
8
~.
VHDA-
AppendixF
------------------------------------------
- VHDA Universal Design Standards Certification
IS
o Units in the development will meet VHDA's Universal Design Standards.

Before issuance ofIRS Form 8609, applicant wiLL provide documentation to VHDA as
evidence that such uruts meet VHDA's Universal Design standards.
The number of rental units that will meet these standards: 24
The total number of rental units in this development: 24
NOTE: For Elderly Developments, 100% of the units in the development must meet the
Universal Design standards in order to qualify for points.
For Family Developments, points are awarded based on a percentage of the

number of units meeting the Universal Design standards.
For the tax credit applicant to qualify for points associated with Universal Design,
the architect of record must on VHDA's list of Universal Design certified architects.
9
4fRJIe -
...-r
VHDA
------------------------------------------------
AppendixF - EarthCrafi or LEED Development Certification
o Earthcraft Certification - The development's design meets the criteria for

EarthCraft certification according to energy modeling projections and the areas of
emphasis worksheet. Before issuance of IRS Form 8609, applicant will obtain and
provide EarthCraft Certification to VHDA.
o LEED Certification - The development's design meets the criteria for the u.s.
Green Building Council LEED green building certification. Before issuance of IRS Fonn
8609, applicant will obtain and provide LEED Certification to VHDA.
NOTE: Select only one of the above two options.
For the tax credit applicant to qualify for points associated with this section,
the architect of record must on VHDA's list of LEED or Earthcraft certified
architects, as appropriate.
Signed:
Printed Name: Colin M. Arnold

-----------------------------
Architect of Record
(same individual as on page 8)
Date: 5.08.09
10
.AJIIIA
VHDA
AppendixF - LEED Accredited Design Team Member Certification
1. Please identify the following information of tbe LEED Accredited Professional:
Name: Colin M. Arnold

Company: Community Design Studio, LLC
Title: Director
Phone Number. 540-382-2002 x333
Fax Number: 540-381-8270
Email: camoJd@chpc2.org
2, List below the attributes of the proposed development which would or may qualify for points
under tbe U.S. Green Building Council's LEED certification rating system: *
(Add space as necessary)
• SS Credit 1: Site Selection-site has existing utilities, roads & parking

WE Credit 1: Water Efficient Landscaping-no potable water used for irrigation
• WE Credit 3.1: Water Use Reduction-low flow-fixtures
• EA Prerequisite 3 : CFC Reduction in HVAC Equipment- R-4l OA coolant
MR 2.1: Construction Waste Management-Recycling of construction waste
• EQ 4.1: Low Emitting Materials- Adhesives & Sealants
• EQ 4.2: Low Emitting Materials- Paints & Coatings
ID Creclit 2: Leed Accredited Professional
•
•
•
•
•
•
•
•
•
•
3. Please attach a copy oftbe LEED Accredited Professional Certificate to this document.
5.08.09
Signature ofLEED Accredj Professional n Date
* This page must include items that would qualify for points under the LEED certification
system. No points will be awarded in this category if notbing is listed here.
** Tbis indjyjdual is not required to be the archited of re'-'Prd signing the Arcbitect Certification. Jt is
sufficient that tbis individual is a member of the design team.
12
"' VHDA
EarthCraft Multifamily Professional Training Listing
(rbo 0 a list of attendees only as 015/6/09 IIDd Include. pemiDI who are not registered Arthftectl-)
~jr$:t'1'Namei .,,~ ~~se~amjjfl _~; ~ ...~ ....... ~ -6~ffl.ljitl~~

->0
CQ~Ji::Qal~
"
; ,.C·
~
"'"'-
Bob Aaron Harkins Building Inc 0612612008
Amanda Adams CJMW Architecture 1211512008
Philip Agee EarthCraft Virginia 06/2612008
Bryan Alley People Inc. of SWVA 10/2512007
Dewayne Alford Chesapeake Redevelopment and HouSl1}Q Authority 05131/2007
Lee Alford BHC 05/3112007
Lee Alford Better Housing Coalition 05/0612009
Jeff Allen Related Affordable 0612612008
John Aflison Rehab Builders, Inc. 12115/2008
Steve Ames Rehab Builders, Inc. 1211512008
Corbin Anderson CTA Development, LlC 12/1512008
Charles Ansell ACA Architects, PC 05/0612009
Michael Antonik Related Affordable 06126/2008
Richard Armstrong ...'
. -~ -
South part Financial Services 01/30/2008
'Cclin 'AmrJld Community DeSign StudiO 05/3112007
Jeremy Amold Bonstra Haresign Architects, LLP 09/1212008
Tom Ayd Green Street Housing. lLC 02/2612009
David Baker Bonstral Haresign Architects 05/31/2007
Lou Balodemas Baodemas Architects 01/30/2008
Corey Barnes CJMW Architecture 1211512008
Ronald Barnes Fixture Specialists Inc. 01/3012008
Jeffrey Barrett Piedmont Housing Alliance 0212612009
Tom Barrett Danville RHA 0513112007
La_rry Barton DBA Architect Planner 10/2512007
Gary Bell Rehab Builders Inc. 1211512008
Ariadna Belmonte Rust-Oriinj:l Architecture, Inc. 10/25/2007
Michael Binette The Architectural Team 05/06/2009
Flay Blalock Rehab Builders, Inc. 1211512008
Ben Bloschock Artisan Construction Inc 12/05/2007
Kevin Blount CDSI 02126/2009
Daniel Bolinaga Virginia Beach Community Development Corporatlo 12115/2008
Wayne Bolton Temperature Control Mechanical S..YStem 06126/2008
Catherine Bond The Lane Group, Inc. 0212612009
Christina Borland 06/26/2008
Don Bosserman Count/)'Side Service Company. LC 09/1212008
Nell Boyle Breakell, Inc. 0212612009
Richard Brassfield HHHunt 0113012008
Ben Broderson Landmark Asset Services 12115/2008
Greg Brown IApartment Investment and Management Company ( 05/3112007
Bruce Browning Rehab Builders, Inc. 1211512008
David Bruce Eagle Construction of VA, LLC 05/06/2009
Jim B_ryan Heffner Architects 0212612009
Rob Buchanan Wavertoo Associates, Inc. 05/0612009
Peter Bunal Bunal + Drake, Inc. 12105/2007
James Bundy Bundy A&E 1012512007
James Bundy Bundy Architecture and Engineering 02/2612009
Wayne Burrell Holy Tabemacle Housing and Economic Developme 10/25/2007
••,, --
- YHDA
~---
Universal Design Certificate Bolder Listing
(fhlr Is a list of attendees only u of 4/21/09 and IDeludes persons who are !lot registered Archttedi.)
I""'~~f[r:m~me~ "
~s~ 'NAm:~l I ",~ .;c:. ';1«' ....( ~I~tlori "':... '(
~
~Cb\JtSQate' I
Ben Adamson 01/22}2oo8
John AJford 11/0512008
Amezetta Anderson 01/2212008
Penny Anderson Stephen Thomas Homes 10/30/2007
John Andrews Newport News RHA 01/0812009
Charles Ansell ACA Architects, PC 0512412006
Charles Ansell ACA Architects, PC 01/08/2009
~ _ __ ~~n9 OS/2412006
CoHn rAmah:l
- 01/0812009
Jeremy Arnold Bonstra Haresian Architects 04122/2009
Daniel Atkins 11/0512008
Sharon Ayers Senior Citizens Advocate Dept of Human Svcs. 01/0812009
Ed Baber Cross Gap Ministries Inc. 01/2212008
Lou Balodemas Balodemas Architects 01/18/2006
Barbara Bane· NNRHA 01/2212008
Barbara Barnes Department of Human Services 01/08/2009
Sofia Barr 11/0512008
Jeffery Barra Toano Design, Inc 01/08/2009
Julie Baskerville Lessard Group 0212112007
Preston Basnight Kroskln Design GrouP. PC 01/08/2009
Bobby Beasley VG Apartments 02121/2007
Raymond BeveraQ& Prince WllIJam Commission on AQina 04/2212009
Chris Blake 01/2212008
Gwen Blue Hayden Group 01/08/2009
Latoya Bobb-Semple Venture Investment Partnership 0212112007
Stephanie Boczar OS/24/2006
Daniel Bolinaga 1211112006
Chelsey Bourgeois 05/24/2006
Gary Bowling Guemsev Tln!:lle Architects 01/08/2009
Ste'phanle Bowman 01/22/2008
Sharon Brandau Peninsula Agency on Agin!l. Inc. 01/0812009
Gregory Brenzinski A2RCI Architects 01/1812006
Michael Bricker Balzer and Associates, Inc. 0412212009
Brian Brown Access Independence 0412212009
Jim Bryan Heffner Architects 0412212009
James Bundy 11/05/2008
Jane Bumette Independence Empowerment Center 04/2212009
Christopher Bums William R. Beach Homes Inc. 02121/2007
Matthew Burton DJG,lnc 01/08/2009
Robert Butler 0512412006
Robert Butwin 01/2212008
Theodore Cage Wiencek + Associates Architects + Planners 0412212009
Andrew Caldwell LeMay Erickson Architects 12111/2006
Joe Callahan 01/2212008
Russell Carlock Norfolk Redevelopment & Housing Authorttv 02121/2007
Dennis Camey Caroline County Planning Dept. 02121/2007
Rob Chapman 0112212008
~
The u~· . GreenB'UildingCoul1Cil· .
Colin'A,rnold
green
Leaders~p
Green Building
,2.0 AcCredited 'Profession
~~,::.~.:~::. l.:(IICl'"t; UI\o~~~~
, ~'
TABH
(pHAlSection 8· Notification Letter)
Angel Court
Angel Court,
10073 Kings Highway
King VA 2
PHA or Section 8 Notification Letter

(This Form Must Be Included With Application)
May 12, 2009
TO: Central Virginia Housing Coalition

208 Hudgins Road
Fredericksburg, VA 22408
Attention: 8 or PHA Waiting List Administrator
AFFORDABLE HOUSING DEVELOPMENT
Name of Development:
Name of Owner:
I would like to take this opportunity to notify you of a proposed affordable housing
development to be completed in your jurisdiction. We are in process of applying for
federal low-income housing tax credits from the Virginia Housing Development Authority
(VHDA). We expeCt to make a representation in that application we will give
preference to households on the local PHA or Section 8 waiting list. Units are
expected to completed and available for occupancy
beginning June 2010
The following is a brief description of the proposed development:
Proposed Improvements: (Should correspond with I & 0 and III.A of the application)
New Construction: 24 # Units 10 # Buildings ...::::;;...;.~~-

Total Gross Area
Adaptive # Units # Buildings Total
o Rehabilitation:
-- # Units
--- # Buildings
---- Total
--- --- ----
Proposed Rents (should correspond with vn.c of the Application):
$ I month
1 Bedroom $ I month
2 Bedroom Units: $ 625 I month
rzJ 3 Bedroom Units: $ I month
o 4 Bedroom Units: $ I month
Angel Court
Angel Court, L.L.c.
10073 Kings Highway
Other Descriptive Information:
Faith Drive, King George, VA (west of Angelwood Phase II and The Kings Highway
Project)
We will appreciate your assistance in identifying qualified tenants. If you have

any questions about the proposed development, please call me at (540) 775-3492.
Please acknowledge receipt of this letter by signing below and returning it to me.
Sincerely yours,
c ~ -e--PN
Representative of Owner/Applicant
Title: Executive Director
Seen and Acknowledged By: -----'''"'''===--.........''''''''''''''T--""''''''''"-''-+---------
Printed Name: _ _ _ _~~~¥_~~:..........:.!JI:::~S:£::::=---------
Title: _ _ _ _ _ _ _ _·....;;;.b<......:::....:~=____T_"__l_(.'-'2..
_ __'y"___LJ(/1s::;e.;~=~...J.._"'<_...:=____ _ _ _ _ __
Phone:
Date: _ _=S'--_·.:....l>-_o_CX-"--__
("
TAB I
(Local CEO Letter)
I - -f)ELL BROOKS, JR.
. .oh Election Distrlct
JOSEPH W. GRZEIKA
James Madison Election District COUNTY ADMINISTRATOR
A. TRAVIS QUESENBERRY, P.E.
JAMES B. HOWARD 10459 Courthouse Drive, Suite 200
James Monroe Election District King George, VA 22485
Telephone: (540)775-9181
JAMES F. MULLEN FAX: (540)775-5248
Dahlgren Election District Website: www.king-george.va.us
DALE W. SISSON, JR.

At-Large Election District
May 4, 2009
Jim Chandler
60 I South Belvidere Street
Richmond, Virginia 23220
VHDA Tracking Number: 2009-Z-007

Development Name: Angel Court
( Dear Mr. Chandler:
The construction or rehabilitation of the above-nameGl development and the allocation

of federal housing tax credits available under IRC Section 42 for said development will
help to meet the housing needs and priorities of King George County. Accordingly,
King George County supports the allocation of federal housing tax credits requested by
Angel Court, LLC and Project FAITH, Inc. for this development.
Yours truly,
~k~
A. TravIs Quesenberry, P.E.
County Administrator
TABJ
(Homeownership Plan)
t Ii I
TABK
(Site Control Documentation)
OF PURCHASE AND
PURCHASE AND made and

2009 (the "Effective Date"), by and PROJECT
I1BnlI:reen
nonstock corporation ( the "Seller), .and COURT, LLC, a
or assigns (the "Purchaser").
RECITALS
SeHer is the owner of: (i) those certain tracts or parcels of

'-'V""~5" County, Virginia and more particularly
.."'1-",........ ,"' .. incorporated herein; eli) any and all rights,
other of the Seller appUrtenant to the Land (the "'Appurtenances").
Appurtenances are collectively referenced herein as the "Property."
Seller desires to sell and assign the Property to the ["U['crulSer to and
a."""",.o.YL<U .."'" with the conditions and provisions hereinafter contain~ ...... ,.Y> ... ~..,..1" d.eSrres to
the Seller.
AGREEMENT
consideration of the Recitals}

valuable consideration, the :receipt and "' ......'U........llUJ
aclCnO'<;Yle(lj;!;Oa., and intending to be legally bound, the Seller
The above recitals are incorporated
Subject to and in accordance with the terms

to the Purchaser, and the
~~~~~~~~QL~~~~~. Thepmc~e
the Property "Purchase Price") shall
.l.JV1..a..o.» ($50,000.00) cash at closing, subject to customary prorations and
4. The closing of
this transaction (the «Closing'~ shall
before November 6, 2009 or at such later date} if any, as shall be necessary the
and a cure Objections in accordance with Section 10.6
the is to herein as the "Closing Date." Closing occur at
Kanady & Quinn, 7130 Glen Forest Drive, Suite 120, Richmond, Virginia.
other mutually acceptable to the Seller and the Purchaser.
, _ ~ i
~~!:iU:!:!;!;lC.~~~~. During the period including the Date
llUI'''U.'''U-l (90~ day Effective (the "Inspection
the and its representatives shall have the to enter upon
the purpose of performing such and tests, without limitation
environmental structural roof UlSl)eC1tlODlS. aieteJrnunatlOn
of the Property, title examination, surveys, and determination of compliance with
as the may deem for feasibility Property
the Purchaser's use the The covenants to
"""'LL...f'.... to the Property caused by such Inspections and to indemnify and hold
from any incurred or by the
any by reason Purchaser's as peImitted pursuant to this Section 5,
save and except for any reduction of value Property resulting from the of any
na2:ardous or toxic wastes and or defects to, the Property. The covenant
llJ,.1.J,-,"'''''VJ..I. of Agreement. If the Purchaser the Property is
detem:uru~ by the in its sale
Agreement by the Seller WrlJtten
requirements of Section 12.4 to the
PWr",ha,o;,,,,,. so terminates Agreement for any reason,
................ "'u Seller with of all and environmental reports and
studies that has had prepared concerning the its status, possible uses,
including but not limited to any and any I Report. Upon such termination by
Purchaser, shall to the and neither hereto
claim the other this Agreement,. except for any of the Seller "'l!S....... "".
Purchaser under this 5.
(
Seller has or will, ten (10) days
from the btl:ect.ive Date, deliver to Purchaser the
a.
enc,umt>eI~ the ProDeIitv
c.
d...
e. Copy Property.
6. If prior to Closing Property is su.bjected to actual or

domain
" .............""JU, the will promptly notify
Purchaser have the option of either: (i) ihis
gTeiem<~nt. in which event Deposit returned to the Purchaser; or (ii) proceeding to
'-'1",,,,,,,,,,,,,, in which event the Seller or assign, as to the at Closing
ofllie proceeds or any right thereto from any such condemnation.
7. Seller shall bear the risk of all loss
or to of recordation of the Deed (defined in
Section 10.1.1).
8.
In addition to any oilier
covenants, maemmtlles. wa:rraJo.tic~s Seller herein, the Seller
makes and ...... v ......"'''''.. to following representations and warranties. all of
which are true matters set forth therein as of the date hereof and, as
otherwise "rn1t'T...... and agreed to by the Purchaser, shall be true and
the capacity and authority, and all

actions have anrlfo,rals obtained by the Seller to fully authorize and empower the
Seller to execute CODSummate the transactions contemplated hereby.
Seller shall any reasonably requested by the Purchaser which
evidence authority the (aJo.d the signatories acting on behalf of
Sener) to consummate traJIlS3,CtJ.c:ms contemplated hereby. The persons executing this
Agreement as """."'",I'lc. baving any interest in the Property. and no further
signatures are ""'1"1,."",,11 to perform its obligations hereunder and convey the
Property as set
8,1.2 The authorization, execution and delivery of this Agreement

( transactions contemplated hereby, will not. with or without the
or both: (i) violate, conflict with or, result in the breach
or notice, filing. registration or further consent, approval or
(w) aJo.y statutes.. laws, rules or regulations of any governmental body
or assets; or (x) any judgment, decree, writ, injunction,
court or governmental authority binding upon the Seller or
or (y) any instrument or agreement to which the Seller or its
n,,~,...L.LL'''' to or affecting a11 or any portion of the Property; or (ii)
in any \#U\"LLU"IJ~·""""'''' or on the proceeds of the sale of all or any of
the Property or on respective properties or assets of the Seller.
Seller has _I"""ft".f!

violations (collectively.
"Violation") applicable local, state or federal law, ordinances, , .. p;;, ......".UVJ'-">
federal, state or local government depart:ment or agency having jurisdiction over or affecting .
the Property including, without limitation. building~ health
and or not noted or issued) or any
the Purchaser with notice any Violations which the
knowledge between the Date and Closing
8.L5 The Seller not a foreign person within the meaning

of Section 1445 of the ""... 'VLt.J<.....
8.1.6 ~~~!:§Lm~~!UUl. There are, no pending or, to the knowledge of the

contemlplalle<1: (i) or con<1enlnatlonproceedings or which may affect,
or any the Property; (ll) to change or the classification
applicable to any portion of the Property; or (ill) in road patterns or grades which
adversely access to roads providing a means to or the t"r01oertv.
are no suits,
prc,£':e(~alIlgs. vLCUlllv, orders, or the Property, or any thereof,
or relating to or arising out the ownership, management, operation. use or occupancy of
Property or any portion which are pending or been prosecuted a period
(30) or more or, to the knowledge of are or have
less thirty (30) days, in any court or by or before any state, Or local government
department, commission. board, bmeau or or other governmental instrumentality; and, to
knowledge of the no such suits. orders, decrees or
judgments been threatened or The Sener is not a party to or subject to
judgment, writ, decree, injunction or order enjoining or restraining it from conducting any
business respect of Property. There are no outstanding that are
Property. In the event that action, suit, proceeding, order, or
judgment described in this Section 8.1.7 or is pending as of the Closing Date, parties
deposit an escrow account with Escrow at Closing a portion of the Purchase
Price sufficient to provide for the timely payment any and claims, costs and
expenses (including fees) in connection therewith, which amount
shall reasonable discretion.
&.1.8 The represents and warrants that, to best of its

knowledge, or toxic wastes substances on, about or (directly
or indirectly) the Property. For the purposes of this Agreement, ''hazardous or toxic wastes
UbS:tanlce~;" are defined as those materials, and including but not limited to,
and wastes listed the United of Transportation
Table 172.101) or by the Environmental Protection Agency as
uostan.ces (40 CFR 302) thereto, or such substances, materials
w~tes which are regulated Wlder applicable local, sta:te or federal
-without any waste or substance which is (i) petroleum, (ii) asbestos. (iii)
polychlorinated biphenyls, (iv) designated as a to Section 1
the Water 33 U.S.C. 1251, et. ) or listed pursuant to Section·
307 the Clean Water Act (33 U.S.C. Sec. (v) as a waste to
i::)ecl[lOn 1004' Resource Conservation and Recovery Act, 42 Sec. 6901, 'seq. (42
I,
u.s,C. Sec. 6903) or defined as substance 101 of
Comprebensive UUlLJ..U.l.''-'.l.l''''U Response, Compensation and Liability Act, 42 U.S.C. Sec 9601,
et. seq.
8.1.9 There are no contracts any nature with respect

to the Seller which are not terminable, and shall at Closing. terminate any such contracts
tmless Purchaser affirmatively assumes Seller shall Dot enter any new
without Purchaser's consent
8.1.10 at sqle cost and expense, shall

... ,""".,u............. the Property u.u''''''''''J.J. Closing in the same condition as of the
",'t-t",,..1:n,.. ordinary
wear and tear excepted.
8.1.11 = = = shall maintain in and effect substantially the

same public "'a..;I.uaJ.H insurance coverage now with respect to Real
Seller shall (i) pay in a fashion all taxes

and other public against the (ii) provide ten (10) Vy';)U.l."";).;>
copies of any notices Seller receives with to any special assessments or
Tlrl'1ll'V'\'QAn increases in the of the Property. shall have the to contest, in
name of Seller, any increase in assessment of the Property, provided that
Purchaser pays all costs and expenses in connection thereWith. advise Seller in
writing prior to of any contest and provide Seller relevant documents
( contest a fashion. Seller shall with JJurcbaser
with
...V.LI.li""...... "'Ll any
such contest.
8.1.14 Binding Commitments. Seller not make any or

to any governmental any adjoining or surrounding
'1"11"{'\'I"Il':rnJ owners, any association, any utility or other person or that would in any
manner be binding Purchaser or the Property, without Purchaser's prior written consent in
each instance, consent Purchaser withhold in sole ms,crenOll.
8.1.15 addition to
furnish to promptly. all llLL..'lllla....."".l..L c<:mcemmlZ.
possession that Purchaser may from time to time rca'::;OlllW.l)/ ..."" ......,"' ••
create, assume
or permit to encumbrance, easement, covenant, condition,
"'1"_~""''' or upon the other than to by the Purchaser. or
voluntarily take or permit action adversely title to the Property as it on
the of this Agreement.
In addition to any other
and representations made Purchaser .......... '''#..I..Lo
to the following rep:resfmtaltiOllS W'8lT2mtif~. all of
are true correct as to matters set forth as of the date """"''-'VJ.,
1'\,."' ..........,.,. . disclosed in writing to the Seller and to by the Seller.
Closing Date:
1 Authority. has the authority,

actions have taken and (or will, a reasonable
taken obtained) by the to fully authorize empower the Purchaser, to execute
this Agreement and consummate transactions contemplated hereby. The shall
documents reasonably requested by which evidence the
the Purchaser (and the signatories acting on behalf ofllie Purchaser) to
8.2.2 The author:ization, and delivery'of Agreement

transactions will not, or without the
of notice or time or both: (i) violate, conflict with or the breach of any
registration or consent, $H""\fu·n1fll>.
I"\n"r<lt~'l'" ClO(m.DlenlS by which is governed, lDC.luamg
without any and all of incorporation, p!lrtnership agreements, operating
agreements, bylaws, resolutions and other instruments or documents; (x) laws, rules
U;;~,"""''''Ull''' of any body applicable to Seller, or its or assets; or (y)
judgment, injUIlctiOn, or award of any arbitrator, court or govermnertw
authority upon the Purchaser or 2mY of its respective or assets; or (z)
instrument or to which or its may be bOUlld~ or
any lien, claim, encumbrance or on the Property or on any of the res:nel~\re
or assets of the Purchaser.
8.3 For the from and including

the Purchaser
receiving such
election, to tenninate
returned to the
liabilities under
If the circumstances that render a
L ...""W, .....u from the acts or
gave the representation, then in addition to the temrination
sentence, the receives notice change of circumstances
available to it at or in equity for a Agreement by
of such and such rights survive the termination of this
'-
9. Conditions Precedent
The obligation of
.Ilrec~ment
shall be
the following conditions precedent, the any of which shall
to waive such condition {')r to terminate this Agreement in accordance
If Purchaser to terminate this due to the failure
so notify Seller prior the Closing, which
.lv\.\.ull~;;U to the Purchaser, and party hereto a claim
Agreement, . as in this
is given before Closing~ all conditions set forth herein shall be
satisfied or waived by Purchaser. of whether any
UIA,Ul<;:;U to be so shall not, without the prior written consent of
action or to take any action prior to the Closing that would adversely
satisfaction of any conditions as Closing Date. The are as
.1 Condition of Title. to the Property such a condition as is

~eC1tton
10.6 hereof. and shall be able to
at regular rates, from a title COInp~my as described 10.6
U"''''''V.l. and containing such usual and customary as may be reasonably requested
the ,Purchaser.
( 9.1.2 Access. All access (through permitted

way on Effective Date shall not have been or Ul.UWJJ.:>LWU.
Property shall be public sewer,

tele;phcme. cable utilities provided to as the of
ne(~s~:ltV of obtaining easements across property not O\Vlled by the Seller.
9. L 4 !;;;millQ!l!!l!~!J.J.,;Q!;!;!,~OOLQll. The 1:).,.,.. .... """'h, be free of nazarOOlL'l or

toxic wastes and substances.
9.1.5 ~!'!'y'!,!oi. Purchaser shall obtained satisfactory :t.UJJWlj<; for the Property.
10. Should conditions set ",",'uL"'U 9 either be met or

be waived as applicable, the provisions shall the
J..n~Sllli~J.l!;w.g~2MJ!lJ~~g. At or prior to ,-"l~';:)W.I1!:. the Seller shall

comply \Vith the
10.1.1 ~~~QL~:g. Seller shall to the Purchaser or

warranty deed English covenants of title (the
m~,ro"enlents and Appurtenances, for recording. duly executed
r
ackoowledged Seller, so as to convey title such Property free and clear of any
matters other than Permitted Exceptions (as defined in :seclr.1on 10.6).
Seller deliver the a standard

owner's affidavit SUIIlClem the to obtain insurance for the Property free
all exceptions than Permitted Exceptions,
10.1.6 The Seller shall vacate the Ib/"""""""ru and any

thereon, if any, and deliver to the exclusive possession the Property, sul;tiect only to
the Permitted Exceptions.
10.1,7 Affidavit of Nonforeign the Seller Status. The

Purchaser a certificate or affidavit completed and by the
Treasury Regulation 1.1445-2(b)(2)(iii).
shall deliver to the other

as may
'-' ..... '_UJ.1.<O.H.1.:> ?'P"1"....>1'1 to consum.roate Closing the
terms of this Agreement
Closing, the
payor deliver, or shall cause its designee or assignee to payor deliver. -to the Seller, upon
delivery of the documents enumerated Section 1 the Price (adjusted as rP.lYnIN'1'I
delivery the Deposit) and such documents as may reasonably be required to consuminate
the Closing accordance with terms of this Agreement.
10.3 In addition to any other expenses

traditionally prorated h~tWl":f~n buyers and sellers of real property in the Commonwealth of
and to terms of this the following shall be
between the Seller and Purchaser and shall be prorated as of the Closing Date:
10.3,1 of estate in lieu

real estate taxes, valorem and personal property taxes, and other state, county
_._~ .... ,_u and assessments (special or otherwise), OD the basis of calendar or
tax year for which the same are levied. imposed or assessed. regardless when same
become a or are If the rate of any taxes. charges or assessments shall not
fixed prior to the Closing Date, adjustment thereof at shall upon basis of
the rate the preceding calendar year applied to the: latest assessed valuation (or basis of
10.3.2 [Intentionally Omitted]

10.3.4 (Intentionally Omittecil
[Intentionally Omitted]
. 10.4 Costs. indebtedness and the costs for

the preparation of the by to the Purchaser at
Closing be paid Seller at for the and under
Section 5 hereof, the ovmer's and lender's policies of title and any special title
"' ..............", survey. recording taxes and shall be paid by the
at and the Purchaser shall pay respective attorneys' fees.
10.5 warrant t9 other

not dealt with any estate agent or in connection with
contemplated by this Agreement party shall defend, indemnify and hold
from and any and causes of or other
(including attorneys' and court costs whether is instituted or not) incurred
arising from or .'(X!rtaining to any brokerage commissions, costs or other
may be to or by any agent or with the
party dealt. nus provision shall survive closing.
10.6 the Inspection Period, Purchaser shall from a

company selected by Purchaser a preliminary title commitment for the Pro.'(X!rty (along with
(
legible copies documents creating thereunder), shall promptly
examine the title commitment and relating Within the Inspection
Period, Purchaser shall notify the of any in title in commitment to which
the objects; provided, however, that the Purchaser shall have no obligation to object to
.........~'b to of trust, mechanics' judgments or any other which may
by the application of proceeds of the Price at Closing Defects'~; provided
further, that case of after effective date Purohaser's title
the ("Post-Commitment and to the Purchaser objects,
the Purchaser shall the Seller of such objections prior to the Closing (any in title to
which Section 10.6 in referred to herein as Objections").
It is the intention parties Lien Defects automatically qualify as to title,
the Purchaser shall apply all or any portion the Purchase Price at Closing the amount
necessary to cure Lien For any Title Objections than Defects) Whlerelln
Purchaser has delivered notice to the the Purchaser's objection the shall
have (15) days the receipt such or notices which to notify the
Purchaser as to the Seller to cure all or any of such Objections by the,
If the does not so notify the Purchaser within 15 day period, the Seller
~""JlLl"Y to have elected not to cure All to title
are not and as to which the has not objected to this Section
shaH be deemed "Permitted Exceptions." In the event Seller bas given such notice to the
electing to cure Title Objections, the shall obligated to such cure
i"
on or before the Closing Date or such later date as shall be necessary to such cure,
shall not later than (60) da~ the date (i) of Section 4 hereof. In
the Seller not to cure all or any of the Title Objections, or to cure but to
successfully cure 'any Objections prior to Closing, the Purchaser shall have the right,
eXE~rcl;saole at any time prior to by giving to the to either: (1) terminate this
Ag;reeme,nl and a refund the entire in which neither shall
against other under this Agreement, 'except as otherwise expressly set forth
Agreement; or (li) waive uncurerl Objections close the terms
Agreemenl
11.
11.1 This Agreement all covenants, terms, conditions,

warranties,> contained and all amendments) and
extensions hereof, as applicable, shall binding upon and shall inure to the benefit of the parties
hereto their heirs, ad:rninistrators, personal representatives. successors
11.2 Agreement the final entire agx:eeIDeIlt,

between and they shall not be by any terms) conditions, statements, warranties
or representations., oral or written., not contained.
11.3 This Agreetnent sha.ll Dot be modifierl by ncl'1r1,w\Pnf
in writing executed by the parties hereto.
11 A All demands request be or which

are required to .be given by either party to the other must De in writing. All notices, demands and
rellne~.t<: by the or the Seller be sent by hand, a copy by certifierl mail,
return receipt postage prepaid, or delivery ihrough a n811011lau:V-rc=cogmzea
overnight (the "Carrier") that can provide written of delivery,
follows, or to other as a party ma.y specify by
TO PURCHASER:
Notices, demands and if delivered in the manner aforesaid (unless otherwise

specifically provided will be all purposes (1) if sent by
hand, on the date of delivery; and (U) carrier, on the date is the
con:fimned date of
11.5
interpreted under, the
11.6 Default. (i) any representation and warranty by the Purchaser or Seller
COIltarJtleO. in this Agreement shall not true and correct as closing Date; (li) the
shall in default the performance of any of its covenants or
this Agreement, the nondefaulting party may (a) to .....LH.LJ..U4"''''
Agreement thereupon to an action the seeking i ........UiU .... ;.:,,""U..I........
the nonbreaching party's direct, out-of-pocket reasonable costs, including, but not limited to
third due such as inspections., title work, legal appraisal fees
and provided amount of reimbursement not amount of the
Deposit; Ot to bring an action for specific performance to compel breaching party to cure
such breach of or or to fulfill
condition or perform such covenant or agreement the breaching party contained
Agreement and, as part of any such action specific performance, to seek to recover direct,
out-of-pocket costs by the nonbreacbing in such
.,.......,"'.1'",.,. performance action; or (c) to expressly in writing any default, breach of
warranty Or misrepresentation or nonfulfillment of any such or failure of the
to any such covenant or agreement contained this Upon
completion the Closing, the foregoing remedies shall be deemed to waived by
nonbreaching party.
11.8 Failure to insist strict compliance with any of the terms,

covenants, or conditions will not be deemed a. waiver term. covenant, or condition,
nor will any waiver or of any or at anyone time or more times
deemed a waiver or relinquishment of the right or power at any other or times.
11 This will be construed in its and will not

be divisible, that the invalidity or unenforceability of any provision hereof will no way
the validity or enforceability other
11.10 Time. is of the essence in the perfonnance of this Agreement
11.11 Captions are used this Agreement for convenience only and
will not be to interpret this Agreement or any part of it
11.12 This Agreement may be executed in two or more

cotmt~~rp~ms and be deemed to have when only when one or more of
such counterparts shall have been signed by or on behalf of each of the parties (although it
shall not be necessary that any single counterpart be signed by or on behalf of of the pa:r1ie.s
and all counterparts shall be deemed to constitute one and same instrument),
shall have been delivered by each of the pa:r1ies to each
11.13 Facsimile Signatures. Facsimile signatures will be considered. original
signatures for the purpose of execution and enforcement of the rights delineated in this
Agreement
13. Execution by the Seller. In the event that Seller does not fully execute and deliver
this Agreement to Purchaser before 5:00 p.m. on MM l1.L , 2009, then this Agreement and the
offer to purchase represented hereby shall be null and void and shall have no force and effect,
and neither party shall have any rights, obligations or liabilities hereunder.
IN WlTNESS WHEREOF, the parties have caused this instrument to be duly executed,
under seal, by authoriry duly given, as of the date first written above.
SELLER:
PROJECT FAlTH, INC.,
BY:-+~~~~L-~~__~___
Name:
Title:
PURCHASER:
ANGEL COURT, LLC,

A Virginia limited liability company
By Angel Court Management Corporation,
A V irginia Corporation,
Its Managing Member
\
EXHIBIT A
DESCRIPTION OF REAL ESTATE'
tract or
F"p'"r,,,, .... of land situat~, and being Rappahannock Magisterial
District, King George County, Virginia, designated as Lot 2, containing 8.432 acres, more or
and more particularly shovm on Major Subdivision Plat 15. 2008. by
Deputy Inc., which plat is to recorded the Office of Circuit
Court of King George County, Virginia
SUBJECT TO easements, reservations. restrictions and covenants of record or otherwise.

TABL
(plan of Development Certification Letter)
Not Applicable
TABM
(Zoning Certification Letter)
Department of Jack Green, AICP, Director
Community Development Bradley Hudson, Acting Building Official
10459 Courthouse Drive, Suite 104 (540) 775-7111 (office)
King George, VA 22485 (540) 775-3139 (fax)
Richmond, Virginia 23220
Attention: Jim Chandler
RE: ZONING CERTIFICATION
Name of Development: Angel Court (2009-Z-007)

Name of Seller/Current Owner: Project FAITH Phase Two D~velopment, L.L.C.
The above-referenced Owner/Applicant has asked this office to complete this fonn 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 this letter will be used by the Virginia Housing Development Authority solely for the
( purpose of determining whether the Development qualifies for points available under VlIDA's Qualified
Allocation Plan for housing tax credits. '
I
DEVELOPMENT DESCRIPTION: (To be provided by the Owner)
Development Address: (Should correspond to IA.2 on page 1 of the application)

Faith Drive (west of Angelwood Phase II)
Legal Description (should correspond to the site control docwnent in the application):
LEGAL DESCRIPTION ATTACHED
Proposed hnprovements (should correspond with I.B & D and III.A of the application):
~ New Construction: 24 # Units --=-=---

10 # Buildings 28,500 Total Gross Floor Area
o Adaptive Reuse: - - - # Units - - - # Buildings Total Gross Floor Area
o Rehabilitation: --- # Units
- - - # Buildings Total Gross Floor Area
ZONJNG CERTIFICATION, Page Two
Current Zoning: Multi-family Dwelling District (R-3) allowing a density of

8 units per acre, and the following other applicable conditions:
Zoning is proper only if the 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 behalf of such locality, approves the request of the above-referenced Owner/Applicant to
such locality that the zoning be deemed to be proper for the sole purpose of awarding points under the
Qualified Allocation Plan, notwithstanding that the zoning for the property does not have an "R"
designation.
Other Descriptive Information: (Should correspond with infonnation in the application)
LOCAL CERTIFICATION: (To be completed by the appropriate local official or Civil Engineer)
Cbeck one of the following as appropriate:
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
andlor special use permits are required.
o The development described above is an approved non-confonning use in an "R" zoning

designation. To the best of my knowledge, there are presently no zoning violations outstanding
on this property. No further zoning approvals andlor special use permits are required.
o There are no zoning requirements currently applicable to the site described above.
Jack Green
(Printed Name)
Director of Community Development, King George County,

Virginia
(Title of Local Official or Civil Engineer)
Phone: St.io 7f~ ~S~ (.
Date:
EXHIBIT A
DESCRIPTION OF REAL ESTATE

Angel Conrt
ALL that land situate. lying and being in

"",,,'rCT.,. County. Virginia~ designated as Lot
shown on Major Subdivision Plat July

Surveying, Inc.~ which plat is to recorded in the
of King George County, Virginia
TABN
(Copies of8609's To Certify Developer Experience)
FCtIn 8609 Low-Income Housing Credit
(Rt:o. Decetrber 2OO5l
.
~oJII1eT_
ln~R~~~~~
·~~
Allocation
________________
Certification
__________________________________
~ ~
OMBNo. 154~988
________________
Allocation of Cred It. Caution: USB for allocations made in 2005 and later or, in the case of buildlll(}$ financed with
tax-exempt bonds. bonds Issued or buJldings placed in service In 2005 or 18tsr.
ChQ.11: 0 Addltiollio OUiilfted Basis 0 Amended FOI1ll
A Address of building (do noI use P. O. box) (see il\Structioos) B Name and address of housing enid It Iglncy
10255 Faith Drive Virginia Housing Development Authority
King George. VA 22485 601 S. Belvidere Street
VA 23220-6504
C Name, address. and TIN of building own6/' receiving allocation o Empbyef IdenliOOalion flIJmber of agency
Project FAITH Phase! Development, L.P. 54-0921892
10073 Kiogs Highway
King George. VA 22485
E Building idenlffication nulOOer (B IN)
TIN VA0618001
i. Dale of ~ocation ~ 12/21/06 b Maximum hOUSing credil dollar amoonl allowable. 1b $ 75,000
2 Maximum applicable credit perrentage allowable . . . . . . . • . . . . . • . . . . . . . . . . . . . . .

3a Maximum Qualified basis . . . . . . . • • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Check hera ~ 0 If the eligible basis used in the rompuiaHon of rtne 3a was increased undel'
the high-<Xlst area provisions of section 42(d)(5}(C). Enler the pe«:entage to which the eligible
basis was increased (see inslructioos) . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .
4 Percentage of the aggregCie basis financed by tax-exempt bonds. (If zero, enter - 0-.) . . . . . . . . .
5 Date buildIng placed in service. . . . . . • . • . . . . . . . . • • . . • • ~ 12/18/06
6 Check !he boxes thai desaibe the allocation for the buI!~ (checlc those that apply):
I 0 Newly conslructed and fedefally subsid"1Zed b ~ Newly constructed ~d not federally 8ubslclzed cOexisting building
d 0 Sec. 42{e) rehabilitatlon expenditures federally subsidized & 0 Sec. 42(e) rehabilitation expendilures nDt federally subsidized
f 0 Not federally subsidized by reason of 40-50 rule under sec. 42(IK2XE) 9 t8l Allocation subject to noopruit set-aside under sec. 42(hX5)
Signature of Authorized Housing Credit Agency Officlal- Completed by Housmg Credit Agency Only
Ullder peMties of peljury, I dedare that the a made is III ccmp/la'lce with the (egulremen(s of section 42 of the Intemal Revenue Code.
and that I have examiMd this form I of my knowtedge an.d belief, !lie infOOllation Is lrue, correct and complete.
JAMES M. CHANDLER
AUTHORIZED OFFICER
._----- ~ /2-2./-~
Name (p1&aSe type or print) D8Ie
First-Year Certification - Completed by Building Owners with respect to the first Year 01 the Credit Period
7 8i~bie basis of bullclng"(see Instructions) . . . . . . . . . . . . . . . . . . . . • . . • • . . . . . . . . 17 1 'f'25 r q 1.. "-
Sa Original queirlied basis of the wading at dose of flfSl year of credit period . . . . . . . . . . . . • . .. . Sa . q '2..S , q "L <;...
:V:=9s~l~ ~~il~~9.~ :.~.~ ~ ~~I~PI.e .~i~~~ ~~j~ f~.~:'~ ~ ~~.i~ .4~ . . . . . . . . . . (i'
b
Yes 0 No
9a If box 6a or box 6d is checked, do you eIed to reduce eligible basis under section (42(i)(2)(6)? . . . .. . . . 0 Yes 0 No
b Do you elect to reduce eligible basis by disproportionate costs of noo-low-inccme unila (sedlon 42(d)(3»)1 0 Yes 0 No
10 Check Ille appropriate box for each eIedIon:
caution: Onre made. the fo8owing efections aro fmwoc8bIe.
a Beet 10 begin credit period the fi~t yeM after the building is placed in s&rvice (sedlon 42(Q(1)) • .• •• .. .. o Yes ti No
b Bed not to treallarge partoarstlip as taxpayet (section 42(j)(5)) ...•. .. . . . . .... .. M .. .. . . o Yes
c Elect minimum set-aside requirement (section 42(g)) (see instrucfions) 0 20-00 'fl 40-00 o 25-60 (N.Y.C. only)
d Elect deep rant skewed project (seclIoII142{d)(4)(S)) (see Instrudions) .. . ... . . .• . . .. ... . . o 15-40
For Privacy Act and PajJ8I'WOnt Reduction Act Notlce, ue IMtructiOM. Cet. No. 639610 FOOl1 8609 /Rei. 11·200S1
(Utility Allowances and Rental Assistance)
Housing Choie$ Voud'Iec Program
~for
Te~l.m'Il$hed UtilitiM
IindOthef~
Inla
utility I
Botlt>d Gal;
Home Heating
Water Haflting $43,00

$4.00
$13.00
$46.00
$25.00
Tax $5.00
~Heatlng
NaiI.m11Bu Cooklns $9.00
Tax
Oil
Page 1 ct 1
~~~J rA~·3 ~n~nM

6'66t090tS 1~:Zt 600G'~Z'~
;::OO/ZOO"d 90~OIl HlIV[ J.:J3rOYd 8L9E~LLOj~ B~:LO ~ool/~G/60
CFOELL BROOKS, JR.
h Election District
JOSEPH W. GRZEIKA
JAMES B. HOWARD 10459 Courthouse Drive, Suite 200
James Monroe Election District Klng George. VA 22485
Telephone: (540)775-9181
Dahlgren Election District Website: www.klng-:Qeorge.va.us
DALE W. SISSON, JR.
At-large Election District
The King George County Board of SuperviSOrs, at its meeting of Tuesday, April 7, 2009,
adopted the following resolution on a motion by Mr. Cedell Brooks, Jr., seconded by Mr. James
B. Howard, and carried unanimously;
RESOLUTION
WHEREAS, in February of 2008 the King George County Board of Supervisors voted
unanimously to support the development of road, water and sewer infrastructure to serve
Project FAITH's Angelwood project through the submission of a Community Development Block
Grant application; and
WHEREAS, the need for affordable, safe housing to serve people with disabilities and the
\. elderly in King George County is well known to the Board of Supervisors and the citizens of the
County; and
WHEREAS, the next phase of the Angelwood development, known as Angel Court, will result in
the construction of 24 new housing units accessible to serve up to 112 persons with disabilities
with incomes at or below 50% of the Area Median Income based on household size; and
WHEREAS, other funding in the project includes: Virginia Housing Development Authority
funds - $735,000; Community Development Block Grant/Department of Housing and
Community Development - $680,000; Virginia Housing Development AuthoritylDepartment of
Housing and Community Development Stimulus funds - $220,000; HOME funds through
Department of Housing and Community Development - $500,000; the Virginia Community
Development Corporation through purchase of Low-Income Housing Tax Credits allocated to
the project - $2,647,000; and Project Faith Sponsor Loan - $512,346; and
WHEREAS, King George County does support this project by seeking CDSG funding for
construction of infrastructure to serve the housing development and by way of real estate tax
exemption estimat.ed to be $9,000 for the Gurrent year ($135,000 for the 15-year tax credit
compfi;:·mce period), and providing administrative support for the project using County staff and
resources estimated to be $40,000 for an estimated total County commitment of $175,000 for
the 15-year tax credit compHance period.
THEREFORE, BE IT RESOLVED THAT, pursuant to two public hearings, King George County
wishes to apply for Virginia Community Development Block Grant funding of up to $680,000 for
( the Angel Court project; and
BE IT FURTHER RESOLVED that the County Administrator is hereby to sign and
submit appropriate documents for the submrtiaI of this Virginia Community Development Block
po I.
TABR
(Documentation of Operating Budget)
TABS
(Documentation of Project Budget)
Angelcourt - p!'&lim 3-6-09.)(1$
Angelcourt - preUm 3-6-{)9.xls
EQUIPMENT
,Dishwasher 24 lea 34 : 810 ! 559 i 13.416 : 50 ! 1.200 : 15,426 :
MECHANICAL ; i ! !
iHVAC : 24 lea 6,650! 159.600: 159,600 :
!Plumbing : 24 :ea! !.; i .! 6,458! 154.992! 154.992 !
Angelcoort - prelim 3-6-{)9.xls
4~ ij~ : "~:"·~:~·:·:·: ·. .· :· :· :· . . .
,Solar hot water : 12 i ,
:·:·:·.:·:·:·r:·:·-·:-:·:·:·:·:-:·:-: :·-:-:-r-:-:-:-:-:-:-:-:-:-:-:-:-:-.-·-·-:-I.-:-·-:-:-.-·-:-:-:.-·-:-:-.-:-:-·-·-:-:-.~.-:-.-:-:-:-·-.-:-:-:~:-:-:-~-:-:-:":r:"·:"~:·:·~" ·, : ·:·: ·
F.·.·.·:·:...:.:.:.....:.:.{.:.:...:.::...:.r..:..:. .:.:.:.:.:. .
: ! i i 5,500 : 66,000 ; 66,000
:· :· :· .~·:
..:·.·L:·:·:·,,::·:·:·:·:·,:·:·:·:·..::·.·:·:·:·:·L·:·:·:·:·:·..:·:·:·.·..
l
:Subcontracior , i! ! i i i i 500,000: 500,000 ~

·. .-.rgO'~~~·~!~. w.~.\~.~. . . -.-.-..-.-T.-.-.-.-.-..-.-.-..-.-.-.T.-..-..-.-..-.T..-.-.-..-.-.-.-.-.-.-.-.-.-.-.-.-T_-..-.-_-.-.-.-.-.-'-.-.-.-_~-.-.r.-'-_-_~-_~·_-"""_·"_·_·_·_T. . . _·.·_·_·_~·....._-_-.-_·.-_·.~·.-_T.-_·_:~·_·.._:·-·-·.~·.--·-:·...-.T. .·.:·.·.·.·. .~.9.:.~.9.~·.T.-.-.·.-....-.-.-.-..~.~.:.9.~~-..L.·.·.·.·.·.-""",-.·.·.·".·.·.·'-"".-.
,Lighting : ~, ! ! ! ! : 55,000 ! 55,000 !
!Dumpster screens ! 10,000 ; 10,000 i
,Retaining walls i 45,000 ! 45,000 ~
iLandscaplng 100,000 ! 100.000 :
"~OELL BROOKS, JR.
( h Election District
JOSEPH W. GRZEIKA
JAMES B. HOWARD 10459 Courthouse Drive, Sulle 200
James Monroe Election District King George. VA 22485
Telephone: (540)775-9181
Dahlgren Election District Website: www.klng:geofge.va .us
DALE W. SISSON, JR.
At-large Election District
The King George County Board of Supervisors, at its meeting of Tuesday, April 7, 2009,
adopted the following resolution on a motion by Mr. Cedell Brooks, Jr., seconded by Mr. James
B. Howard, and carried unanimously:
RESOLUTION
WHEREAS, in February of 2008 the King George County Board of Supervisors voted
unanimously to support the development of road, water and sewer infrastructure to serve
Project FAITH's Angelwood project through the submission of a Community Development Block
Grant application; and
( WHEREAS, the need for affordable, safe housing to serve people with disabilities and the
elderly in King George County is well known to the Board of Supervisors and the citizens of the
County; and
WHEREAS, the next phase of the Angeiwood development, known as Angel Court, will result in
the construction of 24 new housing units accessible to serve up to 112 persons with disabilities
with incomes at or below 50% of the Area Median Income based on household size; and
WHEREAS, other funding in the project includes: Virginia Housing Development Authority
funds - $735,000; Community Development Block: GrantlDepartment of Housing and
Community Development - $680,000; Virginia Housing Development Authority/Department of
Housing and Community Development Stimulus funds - $220,000; HOME funds through
Department of Housing and Community Development - $500,000; the Virginia Community
Development Corporation through purchase of Low-Income Housing Tax Credits allocated to
the project - $2,647,000; and Project Faith Sponsor Loan - $512,346; and
WHEREAS, King George County does support this project by seeking CDBG funding for
construction of infrastructure to serve the housing development and by way of real estate tax
exemption estimated to be $9,000 for the current year {$'i 35,000 'for the 15-year tax credit
compliance period), and providing administrative support for the project using County staff and
resources estimated to be $/~O .GCO for an estimated total County commitment of $175,000 for
the 15-year tax credit compliance period.
THEREFORE, BE IT RESOLVED THAT, pursuant to two public hearings, King George County
wishes to apply for Virginia Community Development Block Grant funding of up to $680,000 for
the Angel Court project; and
BE IT FURTHER RESOLVED that the County Administrator is hereby authorized to sign and
submit appropriate documents for the submittal of this Virginia Community Development Block
Grant po~al.
1 //
amounts detailed in the foregoing Resolution differ somewhat from figures
shown in this LlHTC application. The project budget changed between the April
2009 submittal a Community Development Block Grant proposal and the May
2009 subm of this application the sources were modified to cover
budget changes.
TABT
(Documentation of Financing Sources)
(
TAB V
(Nonprofit or Purchase Option or Right of First Refusal)
Prepared by and to be returned to: Tax Map Parcel: _ _ _ __
Kanady & Quinn, P.C.
7130 Oleo Forest Drive, Suite 120
Richmond., Virginia 23226
PURCHASE OPTION AND RIGHT OF FIRST REFUSAL AGREEMENT
This Purch ase Option and Right of First Refusal Agreement (this "Agreement") is made
as of the I'S~ day of M])M 2009, by and between ANGEL COURT. LLC, a
Virginia limited liability company (the "tompany" and to be indexed as "Grantor"), PROJECT
FAITH. INC., a Virginia nonstock corporation exempt from federal income taxation under
Section 501(a) and 501(c)(3) of the Internal Revenue Code of 1986, as amended, and whose
primary purpose is providing housing to low-income families in the Caroline County, Virginia
area ("Grantee") and Angel Court Development Corporatio~ a Virginia corporation (the
"Managing Member").
WHEREAS, the Company is wholly owned and controlled by Grantee through its
ownership of all of the issued and outstanding stock of Angel Court Development Corporation,
the sole Member and Manager of the Company; and
WHEREAS, Grantee will be instrumental in the negotiation of a purchase contract for

certain property in King George COW1ty, Virginia as more particularly described in Exhibit A
attached hereto (the "Project Property''), upon which the Company will construct and operate a 24
unit residential development (the "Project") and will act as guarantor of the obligations of the
Managing Member in the formation or continuation of the Company for the further development of
the Proj ect; and
WHEREAS, the Project Property is or will be subject to one or more governmental

agency regulatory agreements (collectively, the "Regulatory Agreement") restricting its use to
low-income housing and may become subject to a low-income use restriction (the "Special
Covenant") pursuant to the tenns and conditions of this Agreement (such use restrictions under
the Regulatory Agreement and any Special Covenant being referred to collectively herein as the
"Use Restrictions"); and
WHEREAS, Grantee desires to provide for the continuation of the Project Property as
low-income housing upon termination of the Company's ownership of the Project by Grantee
purchasing the Project Property at the applicable price determined under this Purchase
Agreement and operating the Project Property in accordance with the Use Restrictions; and
WHEREAS, Grantee has negotiated and required that the Company shall execute and
deliver this Purchase Agreement in order to provide for such low-income housing.
NOW, THEREFORE, in consideration of the execution and delivery of the Agreement

and the payment by the Grantee to the Company of Ten and 001100 Dollars ($10.00) and other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties hereby set forth the following :
1
1. ==::....:::.:.-~=.::.::.. The hereby grants to an option (the
"Option") to real estate, and personal property comprising the Project
Property or ...."'~.V with the physical
.....I ......._'"' thereof, owned by Company at the time of
purchase, or, at option of the Grantee, interest of any rnvestor Member in the Company
(the "Property"), close of the fifteen (15) year compliance for the low-income
housing tax credit the Project Property "Compliance Period") as determined under
Section 42(i)(l) Internal Revenue 1986, as amended "Code"), on the tenns
and conditions set and subject to precedent
exercise of herein. .... .." ..."T Property real estate described
Exhibit A and made a part nereor The Regulatory
Restrictions to which the Project estate will remain
hereof is described B attached hereto made a part ner4~OL
2. !!!:!!!JU!L.!j~!![~~!!, In event that the Company ....""'n"~" a bona fide

offer to purchase Property, or the .."t~•....,.",t" of any Investor in the Company,
which offer the Company intends to accept, shall have a of to purchase
the Property Right") after tenus
conditions set of
,,)..A.'vu ......... U'-'L'''-.L.L.L. In addition other applicable
Agreement, (a) the grant of the Right shaH be
currently and remains at all times hereafter, until (i) Refusal Right has
resulting purchase has been closed or (ii) the Refusal Right assigned to a
Permitted Assignee in Section 10 whichever first nonprofit
organization, as Section 42(h) (5) (C) the Code, and (b) of the
Refusal Right this Agreement the Refusal so .....,""'fY-L.-~ shall be
only if the is at the time and remains at times thereafter)
until the Refusal exercised purchase and sale been closed, a
Permitted in Section meeting the of Section
42(i)(7)(A) of to accepting any bona fide offer to Property, the
Company shall and the General of such offer and to each of them
a copy thereof. The Company shall not accept any offer unless and until Refusal Right
has expired without by Grantee under 6 hereof.
3. purchase price for pursuant to

Option shall be subject to set forth
hereinbelow:
a. An amount (i) to pay all (including

member loans) liabilities of the Company upon its termination liquidation as
projected to occur immediately following the pursuant to the Option, (ii) to
distribute to the proceeds taxes projected to on the
members of as a result ofllie to the Option; or
b.
low-income UV'''''.J.JIjl<, use IS
Restrictions, a licensed appraiser,
2
L~E>'~~ certified public accountants, is a member of the Master
experience in the geCIgnllp area which the Project I-I,.",,,,,,,,,.n:,
located;
provided~ prior to exercise of the Option the Internal Revenue ",",,,,,,n,,,-,,

"Service") has a revenue ruling or provided a private letter ruling to the COlmp:my
concluding that property of the nature and use of may be sold under
described in this at the greater of the under Section 42(i) (7)
Code or the under Subsection without limiting
deductions that otherwise be available, then shall be the price aet,emum:a
under Section 3 a.
pnce
1JUJ..V.il'"",,V
be (a) an amount sufficient to

loans) and liabilities Company upon its tennination
"."-"" .... ,.., .. ,, to occur immediately following sale pursuant to the Refusal
I.LLU."'''''''.LH to distribute to the u,.,.... UIJV the Company (the "Members"),
proj ccted to be imposed on Members ofthe Company as a
Refusal Right.
5. ~~!.!::!!!!!2...2...,;!~~~. Notwithstanding in this Agreement to

contrary, the Refusal Right shall be contingent on
foUowmg:
(i) Regulatory Agreement shall have been entered into and

force and Restrictions to be COtlltanled
shall have without its prior u",i·tt",....
corlSeIl~ or
(ii) the Regulatory Agreement

a default thereunder by
approved and unmodified,
means and shall continue
conveyance.
If any or all of '"'V • .c....... ''-'VL.'' precedent have not the Option and the Refusal
shall not be
6.
be exercised to the Option
or the Refusal manner provided in the
Agreement and in 6, and (b) complying with
the contract and closing notice intent to exercise
the Option shall be Compliance Period. Any
such notice of intent to one hundred eighty (180)
days after Grantee pursuant to Section 2
hereof, but in no event immediately following the end
3
Period, notwithstanding any
I-'u...." '.." the Company such
the notice intent shall within one hundred eighty
(180) days immediately following the the Compliance Period. the foregoing
requirements are not met as and when provided herein, Option or Refusal Right, or both,
as applicable, shall and be no further force or Upon by its
to the Option or Right, all rights under other shall be subordinate
to the rights being so unless such is withdrawn or discontinued,
and upon closing of any of the Property pursuant to notice shaH and be of no
further or effect, provided that in event that the Option and Refusal Right are
hereafter held by parties by reason of any assignment or otherwise,
its assignment(s) or parties by written agreement may specify other order of priority
consistent with other terms and conditions Agreement.
7. to exercise the
Option or the Refusal 'O''U.I'. . . . . . , pffl'\rtc in good to
on the purchase
8. Upon detennination of purchase the Company

and Grantee shall enter into a written contract for the v ....... " ..,"""..., and sale Property
accordance with this and containing such tenus and conditions as are standard
and customary for commercial transactions the geographic area which Project
lJI>""",,,,,..hl is located, providing for a closing not later the date in Grantee's of
intent to of the Option or the Refusal or thirty (30) the
purchase been whichever later. absence of any contract,
Agreement shall be specifically enforceable upon the the Option or the Refusal
as applicable.
or any of under this to

(a) a Section 42(h) (5) (C) the Code, (b) a
government agency, or (c) a tenant (in form or otherwise) or ~,",LJ."'''''''Jl'''
management corporation of the Project Property (each a "Pennitted Assignee") that demonstrates
and to maintain the Project as low-income housing accordance
the Use and in any event to the conditions precedent to Refusal
Right set forth 2 and 3 Prior to
proposed asslgnme;n
Company
ertectlve unless
aro'eelnelll accepting assignment asswning all
",,,,,,uv.,c.. Except as specifically pennitted herein,
10. Miscellaneou.s. Agreement shall be by of the

Commonwealth of Virginia. Agreement may be executed counterparts or counterpart
signature which .vl';'..., ...."'~ shall constitute a single agreernerlt.
4
In Witness Whereof, the parties have executed this document as of the date fIrst set forth
hereinabove.
COMPANY:
ANGEL COURT, LLC

A Virginia limited liability company
By Angel Court Development Corporation,
Its Member-Manager
~:~~
~MONWEALTH OF VIRGINIA)
CSfI}'lCOUNTY OF RIQ\~trr<:\ )
I, Us\le. M· E a.."'-a.x-1-" , a Notary Public in and for said City/County in the
Commonwealth aforesaid, do hereby certify thattiw.c,/~ ,~O(i-zala.I'l~. of Angel Court
Development Corporation, a Virginia corporation, personally known to me to be the same person
whose name is subscribed to the foregoing instrument as such officer, appeared before me this
day in person and acknowledged that he signed and delivered such instrument as hislher own
free and voluntary act, and as the free and voluntary act of the Company known as Angel Court,
LLC on behalf of which sajd Companyb~J Covet, LLC. has executed the foregoing instrument
as Manager, all for the uses and purposes set forth therein.
Given lIDder my hand and notarial sead OD~ 1122 'j~ :009
J:fPUblic :L ~
."
My Notarial Certification Number is: 112 4~ 15

My Commission Expires: I ~ 31-1.()12.. [SEAL]
5
GRANTEE:
PROJECT FAITH, INC.

A Virginia nonstock corporation
COMMONWEAL TH OF VIRGINlA)
)
~/COUNTY OF R\cn.\¥DY'o )
I, btSlit JVl, tltVrlPvt'1- , a Notary Public in and for said City/County in the
Commonwealth aforesaid, do hereby certify that~tl ~d1/V.V, ~w ~({.<; . of Project
FAITH, Inc., a Virginia nonstock corporation, personally known to me to be the same person
whose name is subscribed to the foregoing instrument as such officer, appeared before me this
day in person and acknowledged that he/she signed and delivered such instrument as hislher own
free and voluntary act, and as the free and voluntary act of the corporation.
Given under my hand and notarial seal on Mo.>t \~ I 2009
~ALYh2~
Notary Public
My Notarial Certification Number is: 7'22:tCo 16

My Commission Expires: }- '31- 2.01 Z
6
EXHlBITA
PROPERTY DESCRIPTION
ALL that certain tract or parcel of land situate, lying and being in Rappahannock Magisterial
King County, as Lot containing 8 more or
and more particularly shown on Major Subdivision Plat July 15, 2008, prepared
Deputy Land Surveying, Inc., which plat is to be recorded in the Clerk's Office of the Circuit
Court George County, Virginia
TO all eWJierr~ents reservations, reS'IIlCtlOI1S and covenants of record or otherwise.
7
EXHIDITB
DESCRIPTION OF
REGULATORY AGREEMENT
Extended Regulatory Agreement and Declaration Restrictive Covenants
Angel Court, LLC

8
TABW
(Original Attorney's Opinion)
KANADY & QUINN. G.
ArrOI'lNEYS AND COUNSE:LORS AT LAw
7130 GLEN FOREST DRIVE, SUm: 120

RICHMOND, VIRGINIA 23226
TI!:L.EPHON£: (804) 282-8494

I'ACSIMII.E: (804) 282-8496
E-I't"Jl..: ADMIN@IVI.HADYOUINN,COM
May 14,2009

601 South Belvidere
Richmond, Vrrginia 23220
RE: 2009 Tax Credit Reservation Request

Name of Development: Angel Court
Name of Owner: Court, LLC
This represents Owner as counsel. has a copy

and has reviewed the completed application package dated as of May 14, 2009 (of which
opinion is a part) (the "Application") submitted to you for the purpose of requesting. in
connection with the captioned Development, a reservation of low income housing tax credits
C'Credits") available under Section 42 of the Internal Reveone Code of as amended (the
nCode"). It also reviewed Section 42 of the Code, the regulations issued pursuant thereto and
other binding authority as it believes to applicable to the hereof (the regulations
and binding authority hereina.fter collectively referred to as the "Regulations")'
Based the foregoing reviews and upon due investigation of such matters as it deems
nec:essary in to render this opinion, but without expressing opinion as to either the
reasonableness of the estimated or projected figures or veracity or accuracy of the ~"""'''''''W-
representations set the Application, undersigned is of the opinion
L It is more likely than not the inclusion in eligible basis of the Development of
such cost items or portions thereof, as set forth in Parts vm and of the
Application form, complies with aU applicable requirements of the Code and
Regulations.
The calculations (a) of the Maximum Allowable Credit under Code

respect to the Development in Part vm of the Application fonn and (b) of the
Estimated Qualified of each building in Development in Part of the
Application form comply with aU applicable requirements of Code and
regulations, including the of credit type implicit in such calculations.
3. The appropriate type(s) ofallocation(s) have been requested Subpart I-D of the
Application
Virginia .LV ..., , " " " lJe'ilc:m)pmlem Authority
May 14,2009
Page 2
4. information set forth in Subpart Vll-C of the as to proposed

rents all applicable requirements of the and Regulations.
5. the captioned Development is COIlIlTOJUea Owner, as identified in

the Application, for a period of not four (4) months
......unnn the application deadline.
6. the nonprofit organization Development is an

org;ant2:aU()D described in Code Section 501(c)(3) or 501(c)(4) and exempt from
Iea.erm taX,auclnunder Code Section 501(8), the fostering of
LOw'-ffic=orrle housing.
nonprofit organization's ownership interest development is all the

member interests of the ""vn.,...12hfn the development as
n ...Il:rT1I:v>n in Subpart n-D of the Application
the undersigned is of the opinion that, and representations

contained the Application and all current law were to upon compliance by
the Owner with the requirements of Code Section 42(h)(1)(E), Owner would be eligible under
the applicable provisions of the Code and the Regulations to an allocation of Credits in the
amount (s) in the Application.
This opinion is rendered solely for the purpose the Virginia Housing
Development (!fVHDAH) to issue a reservation to the Owner. Accordingly, it
may be upon only by VHDA and may not be by any other party for any other
was not prepared

No. 230. Accordingly, it
tax. penalties or to support the OfC,mC)UO ITWJSI'1CLlCm or rTHHT"'-"
addressed herein.
Kanady
TABY
(Marketing Plan for units meeting accessibility
requirements of HUn section 504)
Angel Court
Marketing Plan
Angelwood Development II 5 apartments will conform to HUD

regulations accessibility requirements Section 504 of the
Rehabilitation Act. These five apartments will reserved for, and actively
marketed to, people mobility impairments.
The remaining apartments within the apartment development are

constructed according to Universal Design apartments will not
to be for particular households, but will be marketed to households
requiring housing with improved accessibility.
Project FAITR the Property Manager, will market these 504 units and
remaining Universally-Designed units to qualified households on the local Section 8
waiting list managed by Central Virginia Housing Coalition, to households on an
overall Angelwood Development waiting to clients the King George
Department of Services, and to other providers and advocacy
organizations in King County area,
VHDA Locality Notification Information Form
Angel Court / King George
,flIRt" locality Notification Information Form

.,vYHDA:-
PART I· INSTRUCTIONS;
Section 42 1m)! I HAHU) of the Internal Revenue Code allocating to nofify "the Chief Executive Officer
(CEO) or equivalent of the local within which the is located and provide such individual a
reasonable opportunity 10 comment on Ihe .. VHDA uses information you provide in this form 10 comply
with Ihis you are to submit this form for
each.
New In 20091
In addition to contacting the locality CEO. VHDA will also be contacting the Mayor or Chairman of the Board of
Supervisors. II is probable that each position will have a mailing address.
Although VHDA prepares the documents sent to each localiiy, we rely on you, the developer/Applicant. to us
with key information. including the nome of the locality having jurisdiction over the development. names, addresses
and salutations, as well as a summary of basic development information.
If you already have a local leHer, you can include it INith the application at TAB L However, you must
=.:...:..:.<:::;.:.:::;.:..;:::;...~:...:..;::;;.;.;..;;
and submit it to VHDA or the for this development will be 50
For information about additional associated with receiving a Support letter from the local jurisdiction, please
( refer 10 the Application Manual.
Developers seeking tax-exempt bond 4% credits or Non-Competitive 9% credi1s, should submit this form 01 least 30 days
prior 10 submission of the tax credH application.
50-Point Penalty:
Failure 10 complete and submif this form prior to 5:00 p.m. EST time on March 25, 2009 will result in a penalty (-
50 points) tor any application submiUed in connection with the 2009 fax credits.
Dellvety 0' Electronic Copy of this form fo VH DA:

-,-==-=-.:..=::.::.10 TaxCrediIApps@VHDA.com. E-mail one form at 1ime!
If you use this e-mail option. you will receive an auto message r-r. .... tu·rY\,"',.., "message received." The system DOES
NOT confirm thai an attachment has been received.
via regular mail {on CD) to:
VHDA
Tax Credit Allocation
c/o Debbie Griner
601 S. Belvidere Street
Richmond, VA 23220-6500
VHDA Cornell::; Informatlon:

Call Debbie Griner at 804-343-5518 if you have questions about completing this form.
Localify Notification Informotion Form

Angel Court / King
PART II - CEO & JURISDICTION INFORMATION

Please reod INSTRUCTIONS above carefully belore compleling the following sections.
A. Chief Executive Officer (CEO) Information
Name of CEO:
Middle:
fhls is the flJll name ollhe Cily Monoger, fown Manager. County Administrator. Chiel Adminislralive
Officer. Execuiille Officer, elc.
Job Title:
Local Jurisdiction:
e.g. "Cily 01. ..". "Tawn of.. : or"[ I County"
Mailing Address/P.O. Box:
This is Ine moiling address of Ihe CEO and may nol always be Ihe some as the physicOI address of Ihe
coUflhouse, lown hall, municipal building. city ha~, elC. Please double check lhe address be/ore
enlering.
Suite/Room -II iii applcabj$J:
Slo1e:
Zip:
This zip code musi correspond 10 lhe P.O. Box Ofsireel address Ihol you ore using. Nole: Zip codes for
P.O. boxes ore usually different from Ihe 'liP codes for the slreel addresses.
Solulation:
e.g, 'The Honorable", "MC', "Mrs.". ·Ms:. "Rell:', elc.
8. Mayor Of Chairman of the Board of SupeN!sors Irnormmlon
Nome:
Job Tille:
"Mayor" or "Chalrmon 01 ihe Soard ot Supel'llisoo"
Locol jurisdiction:
Moiling Address/P.O. Box:
This is IhemallingaddresstortheMayorOfChoirmano/lheBoordofSupel.llisors. May be different ITom
CEO oddress. Please double check the address before emeTing,
Suite/Room # (Ii oppicoblaJ:
Ci1y:
Siale:
Zip:
Be sure the:zip code you piCK up corresponds 10 the P.O. Box orslreel address Ihol you ore using. Nole'
Zip codes lor P.O. boxes ore Usuony differenl from Ihe lip codes for the slreel addresses.
Solutation:
e.g. 'The Honorable", "Mr.", "Mrs.", ..Ms .... "Rev:. elc.
Locality Noiifico1ion Information Form

Angel Couri / King George
C. Jurisdiction Detail
Circuil Court Clerk's office in which the deed 10 the property IS or will be recorded:
CUy/Countyof
Does 1he sile overlap one or more jurisdictional boundaries? Yes o If yes, odd the nomes 01
the other jurisdiclion(s) here:
City/Couniy of Cily/COl)nlyof
Development is locoled in a MetropoUlan S1alistfcal Area (MSA)? Yes
Developmenfs Census Tract:
Census Troct Number
Is this 0 Qualified Census Tracl? Yes
Is the developmenllocoled in a Diffieu" Development Area? Yes
Is the developmentlocoled in a revitalization orea? Yes
Congressional District
Planning District
Siole Senate DistriCI
State House District
Local Plonnlng/Zonlng Contact Info:
Sesl Person 10 Conlacl: Jock Green, AICP

ThiS Is the person with whom you'Ve previousJy spoken abou I Ihe development and whom con answer
anticipoled questions from the CEO.
Job Tille:
e.g., ''Dlrector of Planning'. "Planning Administrolor". 'Zoning Adminislralor', elc.
Conlact Phone:
PART III - DEVELOPMENT INFORMATION
Proposed Developmen1 Name: AngelCouri

This is Ihe morl::eling nome 01 your development
Proposed Development Address:
VHDA Tox Credit POol:
Developmenl Type: (Fomily or

Describe Architeclural Style:
Describe E)(terior Finish;
Describe Communiiy FociMlies:
1. Units:
Number of low-Income unils # bedrooms
% Low-Income Units
Number 01 new units # bedrooms
Number 01 adeptive (euse units # bedrooms
Number of rehabilitation units ., bedrooms
Toiol number 01 all units Tolal # bedrooms
2. floor Area:
Gross Residenlial Floor Area
Commercial Floor Area
low-Income FloO/" Area
% low-Income Unit FloO/" Area
3. Number/Age 01 Buildings
Number of Buildings
Age of Bulldinglsl new Number of stories:
4. structurel Features {check ell that apply):

Row House/Townhouse Garden Aporlments Slob on Grade
Delached Single-family Detached Two-fomily Bosemenl
Elevator Crawl Space
5. Building Systems:
Describe Heoting/AC System:
locality Notification Informalion Form

Angel Court I King George
PART IV • OWNER & SElLER INfORMATION
A.. Owner InformatIon

Owner Nome: Phone:~~~~~ __________________
Sesl Person 10 Conlae!:
Sireet Address:
Cily. Slate 8, Zip:
Type of enlily: Umited Partnership Olher:

Individual/s)
1ill..Q!.f1!jru;jQQ~. Use the following os a guide to listing principals.
I. II Partnership (owner or olhelWlse) - 011 GPs, regardless 01 % inte<esi in GP

2. If an He - all members regardless or % inte<esl
3. If a Corporation (public: or Pflvate), Organization or Governmental Entity - officers who are direclfy responsible to the Board 01 Directors (or
equivolenlJ ond any stockholder having 0 25% or more Interesl
4. If a lrud - all persons having 0 25% or more beneficial ownership interest in the ossets of 1he trust
5. tf on Individual (owner or olhelWlse) - anyone having a 25% or more ownership interest of 1he named individuol
6. II Any Person thai Diredty 01" Indlredly Controls Or Has the Power to Corufol a Principal
Names PhlOne Type of OWnership '" Ownership
B. Seller Information:
Seller Name:
Seller Phone;
Street Address:
City, Stale 8. Zip:
Is there on identity of interesl between the seller and owner/appliconl~ Yes II ye$, complete
the following:
Noture of Idenlily of Interest (I);

e.g. general porlner. managing member, etc.
Nome
Street Address
City, State &. Zip:
Nature 01 Identity of Inleresl(21:

e.g.
Name
street Address
City, Slote &. Zip:
locality Notification Information Form

Angel Court - 2009 VA

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Angel Court - 2009 VA

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2009 Federal Low Income Housing

Tax Credit Program

Application For Reservation

Deadline for Submission

!Ax Exempt Bonds

Virginia Housing Development Authority

[2] Electronic Copy of the Microsoft Excel Based Application (MANDATORy)

2009 Submission Cbecklist

A. Development Name and Location:

14. o Location Map Attached (TAB A)

2. Credits requested from:

o Tax Exempt Bonds

o This development will receive federal subsidies for:

D. Type(s) of Allocation/Allocation Year

E. Acquisition Credit Infonnation

F. Rehabilitation Credit Information

ll. OWNERSmp INFORMATION

Must IX! 8n iodividua I or legally fonned entity

Federal 1. D . No. TBD (If not available, obtain prior to Allocation)

Is there an identity of interest between the seller and owner/applicant? o Yes 0 No

Principal(s) involved (e.g. general partners, controlling shareholders, etc.)

C. Development Team Information:

1. Tax Attorney Tom Thome-Thomsen Related Entity? DYes 0 No

2. Tax Accountant: Michael Vicars Related Entity? DYes 0 No

3. Consultant: Related Entity? DYes 0 No

4. Management Entity (Contact): Fronce Wardlaw Related Entity? o Yes 0 No

5. Contractor (Contact): Todd Peacock Related Entity? DYes 0 No

6. Architect: Colin Arnold Related Entity? DYes 0 No

7. Real Estate Attorney: Johnson Kanady, ill Related Entity? DYes 0 No

8. Mortgage Banker: Related Entity? DYes 0 No

9. Other (Contact) : Related Entity? DYes 0 No

I. Nonprofit Iovolvement (All Applicants)

5. Percentage of Nonprofit Ownership (All nonprofit applicants)

III. DEVELOP.MENT INFORMATION

A. Structure and Units:

2. The development's structural features are (check aU that apply):

o Row House! 1'ownbouse o Detached Smgle-tamlly

5. Unheatedi'loor Area (Breezeways, Balconies, Storage) 0.00 (Sq. fl.)

6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)

8. Number of Buildings (containing rental units) to

9. Commercial Area Intended Use:

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

o Low-Rise (1-5 stories with any structural elements made of wood)

Exterior Finish: Vinyl and Hardiplank: siding with asphalt shingles

3. Check the following items which apply to the proposed project:

For any project, upon completion of constructionlrehabUitation: (Optional Point items)

0% a(1) Percentage of2-bedroom units that have 1.5 bathrooms

0 b. A community/meeting room with a minimum of 749 square feet is provided

o a. All cooking ranges will have front controls

Db. All units will have an emergency call system

Dc. All bathrooms will have an independent or supplemental heat source

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

Cbeck one or none 01 lhe tollowmg pomt categones, as appropnate:

Earthcraft or LEED Development Certification

LEED Accredited Design Team Member

Universal Design - Unil!l Meeting UniversallJcslgn Standards

vaDA Certified Property Management Agent

IV. TENANT INFORMATION

A. Set-Aside Election: UN.fTS SELECTED BELOW IN BOTH COLUMNS DETERMINE

Uoits Provided Per Household Type:

0 0.00% 40% Area Median 3 12.50% 40010 Area Median

B. Special Bou~ing Needs/Leaslng Preference:

v. LOCAL NEEDS AND SUPPORT

If the property overlaps anotber jurisnictlon pleau fill In the following: