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Item H5BOARD OF COUNTY COMNUSSIONERS AGENDA ITEM SUMMARY Meeting Date: September 21, 2012 Division: Growth Management Bulk Item: Yes X No _ Department: Planning & Environmental Resources Staff Contact Person: Christine Hurley 289-2500 AGENDA ITEM WORDING: Approval of a resolution by the Monroe County Board of County Commissioners requesting the Florida Housing Finance Corporation (FHFC) maintain the current Low Income Housing Tax Credit (LIHTC) set -aside for Monroe County and authorizing the Mayor to send this resolution with attached letter to the FHFC during public comment period for the 2013 Universal Cycle Rule Development. ITEM BACKGROUND: The Florida Housing Finance Corporation is considering amending Rule 67-48 to remove the current LIHTC set -aside of 2 projects with a maximum of 100 units for Monroe County for the 2-12 Universal Cycle application. This set -aside promotes the provision of affordable housing. Between 2003 and 2011, the FHFC LIHTC program has provided funding incentive for 601 affordable housing units (with $10,632,000 in tax credits)_and ten pro ects, mcludm Monroe County Developments 2003-2011 Development Year Units Amount Requested Banyan Grove 2011 48 $1,200,000 Wet -Net Villas 2011 36 $900,000 Flagler Village 2009 49 $1,225,000 Blue Water Workforce Housing 2009 36 $900,000 Poinciana Royale 2008 50 $1,250,000 Sea Grape II 2007 28 $700,000 Sea Grape 2006 56 $1,435,000 Falcon Pass 2005 84 $882,000 2004-041CS 2004 84 $840,000 2003-025CS 2003 130 $1,300,000.00 Total: 601 $10,632,000 According to the Shimberg Center for Housing Studies: • 37% of Monroe County's households are cost burdened (pay more than 30% of their income in rent or mortgage); 18% are severely cost burdened, meaning they pay more than 50% • 33% of Monroe County's elderly are cost -burdened; 17% pay more than 50%. • Monroe County is number one, among small counties (pop under 100K) for the percentage of households with extremely low income that are severely cost -burdened • Monroe County is ranked number one in 2011 median single family home price • Monroe County is ranked number three in overcrowded units • Monroe County ranked 12 with highest median gross rent • Significant workforce occupations in Monroe County include: accommodations, food services, and drinking places, leisure and hospitality, and retail trade. These workers cannot even afford a HUD fair market rent for a one bedroom without being cost -burdened. The resolution requests FHFC maintain the small county set -aside for Monroe County in Rule 67-48, FAC. DD7i 17MYTC 1DF.1r.1FVANT ROCC ACTION: None CONTRACT/AGREEMENT CHANGES: None STAFF RECOMMENDATIONS: Approval TOTAL COST: INDIRECT COST: BUDGETED: Yes No _ COST TO COUNTY: SOURCE OF FUNDS: REVENUE PRODUCING: Yes _ No AMOUNT PER MONTH Year x APPROVED BY: County Atty OMB/Purchasing Risk Management DOCUMENTATION: Included x Not Required DISPOSITION: AGENDA ITEM # 1 2 3 4 5 6 7 MONROE COUNTY BOARD OF COUNTY COMMISSIONERS 8 9 RESOLUTION NO. - 2012 10 11 12 A RESOLUTION BY THE MONROE COUNTY BOARD OF COUNTY 13 COMMISSIONERS REQUESTING THE FLORIDA HOUSING FINANCE 14 CORPORATION MAINTAIN THE CURRENT LOW INCOME HOUSING 15 TAX CREDIT SMALL COUNTY FUNDING SET -ASIDE OF 2 PROJECTS 16 AND 100 UNITS MAXIMUM FOR MONROE COUNTY 17 18 19 WHEREAS, Monroe County is an Area of Critical State Concern (ACSC), which limits 20 the total number of residential building permits that can be issued annually in Monroe County to 21 258, with 83 being for affordable housing; and 22 23 WHEREAS, this limited amount of growth creates a supply issue for housing; and 24 25 WHEREAS, this State imposed ACSC designation causes the cost of housing to be 26 artificially inflated; and 27 28 WHEREAS, 37% of Monroe County's households are cost burdened (pay more than 29 30% of their income in rent or mortgage); 18% are severely cost burdened, meaning they pay 30 more than 50% of their income in rent or morgates; and 31 32 WHEREAS, 33% of Monroe County's elderly are cost -burdened; 17% are severely cost 33 burdened; and 34 35 WHEREAS, Monroe County is number one, among small counties (population under 36 100K) for the percentage of households with extremely low income that are severely cost- 37 burdened; and 38 39 WHEREAS, Monroe County is ranked number one in 2011 median single family home 40 price; and 41 42 WHEREAS, Monroe County is ranked number three in overcrowded units; and 43 44 WHEREAS, Monroe County ranked 12 with highest median gross rent; and 45 P. 1 of 3 I WHEREAS, significant workforce occupations in Monroe County, which include 2 accommodations, food services and drinking places, leisure and hospitality, and retail trade 3 cannot afford a HUD fair market rent for a one bedroom without being cost -burdened; and 4 5 WHEREAS, since the 2002 Florida Keys set -aside was instituted, 601 affordable housing 6 units within ten development projects have received Low Income Housing Tax Credit Funding 7 from Florida Housing Finance Corporation; and 8 9 WHEREAS, the elimination of this small county funding set -aside would burden 10 Monroe County with an even greater obstacle to provide affordable housing; and 11 12 WHEREAS, the Monroe County Affordable Housing Advisory Committee passed a 13 resolution (Exhibit 1) requesting Rule 67-48, FAC be maintained to include a Monroe County 14 set -aside; 15 16 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY 17 COMMISSIONERS OF MONROE COUNTY, FLORIDA: 18 19 Section 1. Any repeal of or modification of Rule 67-48, Florida Administrative Code setting 20 aside a priority of the state's tax credits for affordable housing to Monroe County will result in 21 Monroe County being unable to compete successfully to obtain tax credits which in turn will 22 place an undue hardship in meeting the housing needs of Monroe County's low and very low 23 income working residents. 24 25 Section 2. The Monroe County Board of County Commission requests that the Florida Housing 26 Finance Corporation retain the Rule with the priority set aside of up to 2 projects with a 27 maximum of 100 units for Monroe County as an Area of State Critical Concern. 28 29 Section 3. This resolution shall be transmitted to the Florida Housing 30 Finance Corporation along with the attached letter from Mayor David Rice to Mr. Steve Auger, 31 Director of the Florida Housing Finance Corporation. 32 33 34 35 (REMAINDER OF PAGE INTENTIALLY BLANK) 36 37 38 39 40 41 42 43 44 45 46 P. 2 of 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a regular meeting held on the 21 st day of September, A.D., 2012. Mayor David Rice Mayor pro tem Kim Wigington Commissioner Heather Carruthers Commissioner Sylvia Murphy Commissioner George Neugent BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA IM (SEAL) ATTEST: DANNY L. KOLHAGE, CLERK DEPUTY CLERK Mayor David Rice MONRO COUNTY ATTORNEY APP ED A5TO FO,,M P. 3 of 3 Exhibit 1 RESOLUTION OF THE MONROE COUNTY AFFORDABLE HOUSING ADVISORY COMMITTEE WHEREAS Monroe County has the highest cost of living in the state; and WHEREAS Monroe County has an ongoing shortage of affordable housing especially for low and very low income levels; and WHEREAS Monroe County has the highest cost of land and least vacant land available for building; and WHEREAS Monroe County has the highest cost of labor, materials and till (Highest building costs); and WHEREAS Monroe County has a 35 ft. building height restriction; and WHEREAS Monroe County has the most restrictive permitting process; and WHEREAS Monroe County is an Area of Critical State Concern and as such, for over 30 years has been fully under state guidance and control of building regulation and permits; and WHEREAS Monroe County as the Florida Keys, Monroe County and its cities and citizens have a critical shortage of housing at all working income levels; NOW, THEREFORE, BE IT RESOLVED BY THE AFFORDABLE HOUSING ADVISORY COMMITTEE OF MONROE COUNTY, FLORIDA: Section 1. Any repeal of or modification of Rule 67-48, Florida Administrative Code setting aside a priority of the state's tax credits for affordable housing to Monroe County will result in Monroe County again being unable to compete successfully to obtain tax credits which in turn will result in no further low and very low income housing being built in Monroe County. Section 2. The Monroe County Affordable Housing Committee (AHAC) requests that the Florida Housing Finance Commission retain the rule as it is with the priority set aside for Monroe County as an area of State Critical Concern. PASSED AND ADOPTED By the Affordable Housing Committee (AHAC) of Monroe County, Florida, at a regular meeting held on the 22"d day of August, 2012. Chair James D. Cameron Y Sherry Phillips Heather Roberts Randy Wall Warren Leamard Y Ken Naylor Y Morgan Hill Y Ed Swift Y William Wiatt Y Jerry Gaddis Ron Miller AFFORDABLE HOUSING ADVISORY COMMITTEE OF MONROE COUNTY, FLORIDA BY James D. Cameron, Chair OUNTY SO�MONROE KEY WESTLORIDA 33040 (305)294-4641 District 4 Commission Office Marathon Airport Terminal Bldg. 9400 Overseas Hwy. Suite 210 Marathon, FL 33050 Ph: 305-289-6000 Fx: 305-2894610 Em: boccrs4�oecont�y-&ov September 21, 2012 Mr. Steve Auger, Director Florida Housing Finance Corporation 227 N. Bronough Street, Suite 5000 Tallahassee, FL 32301-1239 BOARD OF COUNTY COMMISSIONERS Mayor David Rice, District 4 Mayor Pro Tem Kim Wigington, District 1 George Neugent, District 2 Heather Carruthers, District 3 Sylvia 1. Murphy, District 5 Subject: Draft 2013 Universal Application Instructions Housing Credit Program Dear Mr. Auger: As you may be aware, Monroe County has been awarded a small funding set -aside of Low Income Housing Tax Credits for 2 projects and 100 maximum units for affordable housing in the Low Income Housing Tax Credit program for approximately eight years.. Between 2003 and 2011, 601 units within 10 projects have been awarded tax credits within Monroe County, as follows: Monroe County Developments 2003-2011 Development Year Units Amount Requested Banyan Grove 2011 48 $1,200,000 Wet -Net Villas 2011 36 $900,000 Flagler Village 2009 49 $1,225,000 Blue Water Workforce Housing 2009 36 $900,000 Poinciana Royale 2008 50 $1,250,000 Sea Grape II 2007 28 $700,000 Sea Grape 2006 56 $1,435,000 Falcon Pass 2005 84 $882,000 2004-041CS 2004 84 $840,000 2003-025CS 2003 130 $1,300,000.00 Total: 601 $10,632,000 The need for affordable housing continues to be a critical issue within Monroe County. Monroe County is designated an Area of Critical State Concern (ACSC) and only received a total of 197 State awarded residential building permits per year. This means the supply of housing is artificially controlled by the State of Florida, making affordable housing ,pre difficult to build than any other Florida community. According to the Shimberg Center for Housing Studies: • 37% of Monroe County's households are cost burdened (pay more than 30% of their income in rent or mortgage); 18% are severely cost burdened, meaning they pay more than 50% • 33% of Monroe County's elderly are cost -burdened; 17% pay more than 50%. • Monroe County is number one, among small counties (pop under 100K) for the percentage of households with extremely low income that are severely cost -burdened • Monroe County is ranked number one in 2011 median single family home price • Monroe County is ranked number three in overcrowded units • Monroe County ranked 12 with highest median gross rent • Significant workforce occupations in Monroe County include: accommodations, food services, and drinking places, leisure and hospitality, and retail trade. These workers cannot even afford a HUD fair market rent for a one bedroom without being cost -burdened Page 157 of the 8-8-12 Draft 2013 Universal Application Instructions for the Housing Credit Program proposes to strike the 2 projects per year/100 unit set -aside for the Florida Keys. Local working residents are vital to sustaining the tourist economy and quality of life in Monroe County. Removing the Florida Keys set -aside will place an undue hardship on Monroe County's ability to meet the housing needs of its working residents. The Monroe County Affordable Housing Advisory Committee and the Monroe County Board of County Commissioners passed the attached resolutions urging the Florida Housing Finance Corporation to keep the Monroe County/Florida Keys set -aside within the LIHTC program. Sincerely, Mayor David Rice Monroe County Affordable Housing Needs Summary 1. Facts Supporting Need for Affordable Housing Tax Credit Funding • 33% of county elderly are cost -burdened; 17% pay more than 50%. • Monroe County is number one among small counties (pop under 100I) for the percentage of households with extremely low income that are severely cost - burdened • Monroe County is ranked number one in 2011 median single family home price and ranked number three in overcrowded units • Monroe County ranked 12 with highest median gross rent • In 2009, 12,927 Monroe County households (37%) pay more than 30% of income for housing. By comparison, 29% of households statewide are cost -burdened. Estimates from 2011-12 indicate that this trend is continuing. • 18% (6177) of households in Monroe County pay more than 50% of income for housing. • Furthermore, Monroe County ranks 1st in the State for the number of Households with a Cost Burden above 30% for those renters with incomes below 50% AMI. • Lack of sufficient affordable housing creates serious economic challenges in the county. Employees have difficulty finding reasonable rents, forcing workers to double up in rooms or leave the county altogether, resulting in limiting business growth. • Much of the workforce is hospitality, public service and public safety oriented, many of whom are significantly cost burdened. Major workforce occupations in Monroe County include: accommodations, accommodations and food services, food services, food services and drinking places, leisure and hospitality, and retail trade. These workers cannot even afford a HUD fair market rent for a one bedroom without being cost -burdened. (Based on their median wages, maximum affordable rent ranges between $632 and 805. The HUD fair market rent for a 11311 is $1,152.) • The cost of market rents and home prices continues to rise from the drop in 2010, rents are reaching 2008-9 prices, creating upward price pressure on market rentals and limiting availability of affordable rents. • Already, even in its current form (with the FHFC set aside) the universal cycle application disfavors Monroe County (ex: points are awarded for proximity of housing to services/schools, etc. because of the geographical layout and restrictions of land available.) Households by Cost Burden, Monroe County, 2009 * Shimberg Center 2009 Data 2. Conclusions from the CUR Market Study for Banyan Grove (LIHTC) in KW (Meridian Appraisal Group - August 10, 2012) ➢ The City of Key West is a popular tourist destination that is heavily influenced by a military presence. The disparity between the median incomes and the median owner -occupied housing value is the highest in the state.. The rental apartment market in Monroe County primarily consists of small developments with no amenities and very few large projects with amenities typically found in most modern apartment complexes. The low rates of pay and the high cost of living in the county have created a strong demand for affordable housing. However, various factors, including numerous government regulations and recent hurricanes, have negatively impacted the supply of such housing units. In addition, restrictions on growth have made new development increasingly difficult. Based on our analysis of the apartment market in Key West and throughout Monroe County. it is our opinion that the outlook for the existing stock of rental apartments is very_ good. Demand is expected to remain high and the level of supply should remain constrained. A recent increase in the Basic Allowance for Housing (BAH) for Navy personnel living in Key West has negatively impacted occupancy and rental rates for non - subsidized rental housing and has also negatively impacted the occupancy rate for base housing on Key West. The new BAH rates range from $1,461 per month for the lowest rank without dependents to $3,375 for the highest rank with dependents. As a comparison, the Orlando rates range from $1,032 to $2,232 per month. The market for affordable housing priced at 80% or below of Area Median Income has been unaffected by this change. ➢ The average owner -occupied home value within the state of Florida is about $215 593 and the current median household income is about $47,176. The average owner -occupied home within the subject's Primary Market Area is $692, 02 while the median household income is $55.884 Housing affordability is a critical problem in Monroe County and the subject's units should be well received in the market. ➢ The Market study reported that there is an excess demand of 2310 units in the Key West area for 60% AMI units. It stated that housing affordability is a critical problem in Monroe County and the subject's 48 units should be well received in the market. The following chart compares the concluded attainable rents at the 25% and 60% AMI levels, as restricted by the Housing Credit program, to the maximum allowable rents. 2 BR/2 BA - 25% $371 $371 $0 2 BR/2 BA - 60% $1,022 $1,022 $0 3 BR/2 BA - 25% $421 $421 $0 3 BR/2 BA - 60% $1,173 1,173 $0 The following chart compares the attainable restricted rents at the 25% and 60% AMI levels to the estimated attainable market rents. 2 BR/2 BA - 25% $371 $1,450 1 291% 2 BR/2 BA - 60% $1,022 $1,450 42% 3 BR/2 BA - 25% $421 $1,750 316% 3 BR 2 BA - 60% $1,173 $1,750 49% Total/Avera e $1,022 $1,594 56%__ _ 3. Facts about Hospitality Workers: The average tourism worker works 48 hours a week. Roughly 25 percent of tourism workers are earning minimum wage to $24.999 per year. 25% earn $25,000 to $34,999 per year, 25% earn $35,000 to $49,999 and the remainder earn $50,000 or more. The average income earned by tourism workers is $40,458 a year. Four out of every five tourism workers are housing cost burdened (80%). i.e. they are paying more than 30 percent of their income toward housing costs, whether they are renters (65%) or homeowners (35%). The FCRPI ranked Monroe County as the most expensive county in Florida. It would cost an average person in Monroe County about 13 percent more to purchase the same "basket of goods" (food, medical care, housing, transportation, other goods and services) than the average person in the state. Among the five categories included in the FCRPI, Monroe County's price levels were higher than the state averages in all five categories. The percentage Monroe County's goods variance from the state average breaks down as follows: The predominance of housing cost burden was across all districts of residency in Monroe County. All district's results were close to 80 percent housing cost burden, with Marathon reporting a little higher housing cost burden (84%) and Key Largo reporting a little lower (76%). 4. 2003-2011 Universal Cycle Funding - Comparison of Units funded to Monroe County versus other Small Counties Summary Monroe County = 601 units Other Small Counties = 1,981 units Since 2002, when the FHFC Keys set aside was instituted, Small counties in Florida have received funding to build more than 3 times as many units as in Monroe Counm where the percentage of cost burdened workers is highest in the state. In many of the small counties, affordable housing alternatives to tax credit developments are widespread. The disparity between market and restricted rents is much greater in Monroe County than in all of the other smaller counties. The cost of land and building is higher in Monroe for all the reasons specified as an Area of State Critical Concern. The following chart shows the relative number and cost of units built since 2002 using LIHTC funding from FHFC. Monroe County Developments 2003-2011 Development Year Units Amount Requested Banyan Grove 2011 48 1,200,000 Wet -Net Villas 2011 36 900,000 Flagler Village 2009 49 1 1,225,000 Blue Water Workforce Housing 2009 36 900,000 Poinciana Royale 2008 50 1,250,000 Monroe County Developments 2003-2011 Development Year Units Amount Requested Sea Grape II 2007 28 700,000 Sea Grape 2006 56 1,435,000 Falcon Pass 2005 84 882,000 2004-041CS 2004 84 840,000 2003-025CS 2003 130 1,300,000.00 Total: 601 10,632,000 Small County Developments 2003-2011 Development Year Units Amount Requested Pine Terrace (Preservation) 2009 63 337,000 Live Oak Homes (RD Development) 2009 87 300,000 Highlands Cove Phase 1(Farm) 2009 64 965,000 Woodbridge Apartments (Small) 2009 24 309,701 Oakdale Apartments (Preservation) 2008 48 648,399 Okeechobee Commons 2008 34 124,365 Arbours at Shoemaker Place(Small) 2008 80 1,070,000 Gadsden Arms (Preservation) 2007 100 1,070,000 Highland Palm (Farm) 2007 52 788,397 Thornbury Apartments (RD) 2006 48 113,000 Laurel Oaks (Okeechobee) 2006 80 1,020,000 Countryside Apartments 2006 39 98,000 Wakulla Trace Apartments (RD) 2005 34 227,999 DESOTO LANDING (FARM) 2005 48 431,873 Valencia Garden (Hardee) 2005 104 975,000 Oaks at Shannon's Crossing(Okeechobee) 2005 100 974,898 Arbours at Madison 2005 72 637,385 Pebble Hill Estates 2005 80 133,828 2004-071C 2004 110 940,000 2004-033C 2004 120 750,000 2004-042C 2004 80 673,659 2004-003C 2004 72 638,347 2003-015CS (Elderly) 2003 122 847,803 2003-020C 2003 72 662,145 2003-106C 2003 120 660,765 2003-119C 2003 128 750,000 Total: 1,981 16,147,564 8-31-12 Draft 2013 2011 Universal Application Instructions Multifamily Mortgage Revenue Bonds (MMRB) Program HOME Investment Partnerships (HOME) Rental Program Housing Credit (HQ Program Table of Contents and Maximum Points Table of Contents: Section of Application Instructions Page GeneralInstructions............................................................................................ 1 SpecificInstructions............................................................................................ 3 Pail L Applicant Certification................................................................... 3 Part IL Applicant and Development Team ...................................................... 3 A. Applicant........................................................................ 3 1. Program(s) Applied For ............................................. 3 2. Applicant Information ............................................... 4 3. Principals for the Applicant and for each Developer ......... 6 4. Contact Person ...................................................... 6 5. HOME CHDO Information ........................................ 6 B. Development Team............................................................ 7 1. Developer............................................................ 7 2. Management Company ............................................. 11 3. General Contractor .................................................. 12 4. Architect.............................................................. 15 5. Attornev.............................................................. 15 6. Accountant........................................................... 15 7. Seiv ice Provider ..................................................... 15 8. MMRB Guarantor Information ................................... 15 Part III. Proposed Development.................................................................. 16 A. General Development Information .......................................... 16 1. Name of Proposed Development ................................. 16 2. Location of Development Site ..................................... 16 3. Development Categon-y- / Concrete Construction ................ 22 4. Development Type .................................................. 27 5. Number of Buildings ................................................ 27 6. Number of Units ..................................................... 27 7. Unit Mix.............................................................. 28 8. Previous Unden rting............................................. 28 9. Development Status ................................................ 28 10. P1oxiinmt-N'............................................................. 28 B. Construction Features and Amenities ....................................... 45 1. Required General Features and Amenities ....................... 45 2. Required Universal Design and Visitability Features .......... 46 3. Optional Features and Amenities .................................. 47 4. Energy Features...................................................... 48 I TA1016 (Rev. a2-4) 1 6--46.004(1)(i)t 6--'1.003(1)(i), EA. C. 8-31-12 Draft Section of Application Instructions Page 5. Green Building....................................................... 51 C. Ability to Proceed............................................................ 55 1. Site Plan Approval or Plat Approval ........................... 56 2. Evidence of Site Control .......................................... 57 3. Evidence of Infrastructure (electricity, water, sewer, roads) ..... 59 4. Evidence of Appropriate Zoning ................................. 59 5. Environmental Site Assessment .................................. 60 D. Demographic Commitment ................................................. 60 1. Elderly............................................................... 61 2. Farmivorker or Commercial Fishing Worker .................. 63 3. Homeless............................................................ 63 4. Family................................................................ 64 5. Persons with Special Needs ....................................... E. Set -Aside Commitments...................................................... 64 1. Commitments for MMRB and HC Applications ............... 64 2. Commitment for HOME Applications ........................... 75 3. Affordability Period ................................................. 76 F. Resident Programs............................................................. 76 1. Non-Elderly,-ar4 Non -Homeless and Non -Persons with Special Needs Developments ...................................... 77 2. Homeless Developments ........................................... 79 3. Elderly Developments .............................................. 82 4. Persons with Special Needs Developments ...................... 5.4- All Applicants ................................................... 84 G. HOME Uniform Relocation Act ............................................. 87 H. HOME Certification of Consistencv with the Consolidated Plan ...... 89 I. HOME Other Federal Requirements ........................................ 89 Part IV. Local Government Support ............................................................. 92 A. Contributions................................................................... 92 B. Incentives....................................................................... 97 PartV. Financing................................................................................... 98 A. Funding........................................................................ 98 1. Funding Request .................................................... 98 2. Other Funding....................................................... 99 B. Finance Documents........................................................... 101 C. MMRB Credit Enhancement/Private Placement ......................... 102 D. Non -Corporation Funding Proposals Cam+nitm@ 4(s .................... 102 1. Financing Fif- (;@m ,,: m&+4, Proposal of- r Mef- of r"*o.,.... 103 2. Non -Corporation and Non -County HFA-Issued Tax - Exempt Multifamily Bonds ....................................... 105 3 S-,,,a;,.afia,,iur Equity Proposal ...... 105 Addenda.................................................................................................................. 108 I TA1016 (Rev. a2-4) ll 6--46.004(1)(i)t 6--'1.003(1)(i), EA. C. 8-31-12 Draft Section of Application Instructions Page Threshold Requirements............................................................................................... 108 Ranking and Selection Criteria for Applications Requesting Competitive HC................................ 109 Fees....................................................................................................................... 128 Supplemental MMRB Application Cycle........................................................................... 135 4 Percent HC County HFA Bonds Application..................................................................... 137 Maximum Points: Application Points Maximum Points Part ILB., Developer I.e. Housing Credit Development Experience .......................... 3 Points Part III.B., Construction Features and Amenities 3.a. Optional General Unit Features and Amenities for all new construction units and all rehabilitation units ............... 9 Points 3.b. and 3.c. Optional Features and Amenities for Non -SRO Developments or SRO Developments ............................ 12 Points 3.d. Optional Universal Design and Visitability Unit Features ...... 10 Points 5. Green Building.......................................................... 10 Points a. For New Construction and Redevelopment Developments (1) Green Building Features (7 Points) or (2) Green Building Certification (10 Points) or b. For Rehabilitation and Preseivation Developments (10 Points) Part III.E., Set -Aside Commitments Lb.(2)(b) Special Needs Households ........................................... 4 Points Lb.(2)(c) Total Set -Aside Commitment ....................................... 3 Points 3. Affordability Period ................................................... 5 Points Part IILF., Resident Programs 1., 2., e+ 3. or 4. Qualified Resident Programs for Non-Elderly/Non- Homeless/Non-Persons with Special Needs Developments, or Qualified Resident Programs for Homeless Developments, or Qualified Resident Programs for Elderly Developments, or Qualified Resident Programs for Persons with Special Needs Developments........................................................... 6 Points 5.4- Qualified Resident Programs for All Applicants .................. 8 Points Part IV.A., Local Government Contributions...................................................... 5 Points I.a.(1) — (4) Grant, Fee Waiver, Loan and/or Fee Deferral Part IV.B., Local Government Incentives 1. Expedited Permitting Process ........................................ 1 Point 2. Contributions to Affordable Housing ............................... 1 Point 3. Modification of Fee Requirements .................................. 1 Point 4. Consideration of Impact of Policies, etc., on Cost of Affordable Housing .................................................. 1 Point Total Maximum Application Points: 79 Points I TA1016 (Rev. a2-4) lll 6--48 004(1)(i) t 6--' 1.003(1)(i). E A. C. 8-31-12 Draft Proximity Tie -Breaker Points Part IILA., Proximity Maximum Points 10.a.(2)(a) Transit SeivIces........................................................ 6 - Points (i) Public Bus Stop (Mavmum 2 Points) (ii) Public Bus Transfer Stop (Mavmum 6 Points) (iii) Public Bus Rapid Transit Stop (Mavmum 6 Points) (iv) Public Rail Station (Mavmum 6-7 Points) 10.a.(2)(b) Tier 1 SeivIces......................................................... 12 Points (i) Grocery' Store (Mavmum 4 Points) (ii) Public School — Non -Elderly Only (Ma-ximum 4 Points) (iii) Senior Center — Elderly Only (Mavmum 4 Points) (iv) Medical Facility (Mavmum 4 Points) 10.a.(2)(c) Tier 2 Seivices......................................................... 8 Points (i) Public Park (Mavmum 2 Points) (ii) Community Center (MMammum 2 Points) (iii) Pharmacy (Mavmum 2 Points) (iv) Public Library- (Mavmum 2 Points) 10.b. Proximity to closest Development on the Proximity List ....... 10 Points Total Maximum Proximity Tie -Breaker Points: 36 -3-7 Points Ability to Proceed Tie -Breaker Points Maximum Points Part III.C., Ability to Proceed 1. Site Plan/Plat Approval ............................................... 1 Point 3.a. Availability of Electricity ............................................. 1 Point 3.b. Availability of Water .................................................. 1 Point 3.c. Availability of Sewer Service ........................................ 1 Point 3.d. Availability of Roads .................................................. 1 Point 4. Appropriate Zoning .................................................... 1 Point Total Maximum Ability to Proceed Tie -Breaker Points: 6 Points I TA1016 (Rev. a2-4) 1V 6-46 004(1)(i) 6--21.003(1)(i), F.A C. 8-31-12 Draft 2013 2814 Universal Application Instructions Multifamily Mortgage Revenue Bonds (MMRB) Program HOME Investment Partnerships (HOME) Rental Program Housing Credit (HQ Program Applicants are encouraged to review Rule Chapters 67-21 and/or 67-48, F.A.C., and the following Instructions before completing and submitting the Universal Application. Unless otherwise provided in these Instructions and the Application, capitalized terms are as defined in the rile chapters. Program requirements do not necessarily meet all non -Corporation funding or allocation requirements. Applicants are responsible for ensuring that their developments meet all applicable laws and regulations. GENERAL INSTRUCTIONS The following instructions must be followed by Applicants in preparing, assembling, and submitting the Application: Applications must be submitted online at www.floridahousing.org. and all Applicants must submit: One printed version of the completed Application, including applicable exhibits and the Applicant Certification and Acknowledgement exhibit with an original signature. The Applicant must label this printed version of the Application as the "Original Hard Copy"; Three photocopies of the "Original Hard Copy"; MMRB Applicants that anticipate participating in HUD Risk Sharing must submit one additional photocopy of the "Original Hard Copy". The Applicant must ensure that the online Application, the "Original Hard Copy" and the photocopies of the Application are all identical. The Corporation will first consider the Application submitted online. If for any reason all or part of the information in the online Application is inaccessible, the Corporation will consider the "Original Hard Copy" of the Application. The Corporation will only consider the exhibits submitted as part of the "Original Hard Copy". Notwithstanding the foregoing, if the Corporation determines that issues substantially and adversely impact the actual or perceived efficiency, reliability, or accuracy of the online Application process, then the Corporation will consider only the "Original Hard Copy" of an Application, of a group of Applications, or of all Applications. The Corporation will reject any competitive Application submittal and no action will be taken to score the Application if: • The Application is not submitted online; or • the "Original Hard Copy" of the Application fails to contain the Applicant Certification and Acknowledgement exhibit with an original signature; or L?a1016 (Rev.) 6--46.004(1)(i)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft • less than one "Original Hard Copy" and three photocopies of the completed Application, are submitted; or • the "Original Hard Copy" of the Application fails to contain the Application fee and (for MMRB Applications) the TEFRA fee. The Application labeled "Original Hard Copy" and the photocopies must be bound in separate three-ring binders with a clear plastic front pocket with numbered index tabs for each exhibit. Open plastic sleeve tabs will NOT be acceptable. It is important that each Application be legible and in proper order to ensure accurate scoring by the Corporation. Each page and applicable exhibit of the Application must be accurately completed, and Applicants must provide all requested information. Failure to provide the requested information and documentation shall result in failure to meet threshold for threshold items, failure to achieve maximum points for point items, rejection of the Application for rejection items, or a combination of the foregoing. Applicants requesting non-competitive 4 percent Housing Credits to be used for a Tax -Exempt Bond -Financed Development where the bonds are issued by a County Housing Finance Authority established pursuant to Section 159.604, F. S., must complete the 4 Percent HC County HFA Bonds Application Form, as outlined in the 4 Percent HC County HFA Bonds Application section of these Instructions. Applicants requesting non-competitive 4 percent Housing Credits to be used for a Tax -Exempt Bond -Financed Development where the bonds are issued by an entity other than the Corporation or a County Housing Finance Authority shall apply using the 2013 2011 Universal Application Package. Applicants must submit one original Application labeled "Original Hard Copy" and one photocopy of the "Original Hard Copy" containing all completed information in the Application using the Corporation's online Application. Such Applications may be submitted once the Applicant receives affirmation that the Tax -Exempt Multifamily Bond allocation has been reserved or that the entity issuing the bonds has agreed to award the necessary allocation when available, but in no event may the Application be submitted later than the last Corporation business day of December of the year the Development is placed in service. For purposes of these non-competitive HC only Applications, all references within the 2013 2011 Universal Application Package to "Application Deadline" and "Application Deadline for the 2013 2011 Universal Application Cycle" shall be deemed to mean the submission date of the non- competitive HC only Application. Applications must be received by the Corporation and clocked in by 5:00 p.m., Eastern Time, on the Application Deadline. No Applications will be Received at the Corporation's offices via facsimile or other electronic transmissions, except for on-line submission. The Application fee, plus the TEFRA fee for MMRB Applications, must be paid by check or money order, payable to Florida Housing Finance Corporation. Applications must be submitted on exhibit forms and pages that are contained in the Application Package. Exhibit forms or pages that are drafts or that are from a previous Application cycle will not be considered, resulting in failure to meet threshold for threshold items, failure to achieve points for point items, or a combination of the foregoing. L?A1016 (Rev.) 2 6-a6 004(1)(a), 0--21.003(1)(i), F_A C. 8-31-12 Draft Do not retype, scan, image, or alter any page or exhibit in the Application Package. This will cause the page or exhibit not to be considered, resulting in failure to meet threshold for threshold items, failure to achieve points for point items, or a combination of the foregoing. Additional information that is placed on the face of a page or exhibit that does not obscure the printed words is NOT considered an alteration of the page or exhibit. However, the additional information cannot change the meaning or intent of the page or exhibit. Additional information should be presented in an asterisk or footnote format or presented as an explanatory addendum to the page or exhibit. All information contained in an Application is subject to independent review, analysis and verification by the Corporation or its agents. IMPORTANT: Periodically throughout the Application, scoring and appeals process, all Applicants should check the Corporation's Website for updated information concerning the Universal Application cycle. The Website address is www.floridahousing.org. SPECIFIC INSTRUCTIONS Part I. Applicant Certification All Applicants must provide behind a tab labeled "Exhibit I" a properly completed and executed Applicant Certification and Acknowledgement form. Applications without a properly completed Applicant Certification and Acknowledgement form, executed with an original signature, contained in the Application labeled "Original Hard Copy" will be rejected automatically without the opportunity to cure. Signatures in blue ink are preferred. Part IL Applicant and Development Team A. Applicant Select the program(s) applied for in this Application. In accordance with Rule Chapters 67-21 and 67-48, F.A.C., only one Application may be submitted for each subject property. The Application may be submitted for only ONE of the following: • Competitive HC only (Competitive 4% and/or 9% Housing Credits) • Competitive HC and HOME - only if the Applicant selected and qualified for the Homeless Demographic at Part IILD. of the Application L?a1016 (Rev.) 6--46.0(4(l)(i)t 6--'1. 003(1)(i), F A.C. 8-31-12 Draft • non-competitive HC only (to be used with tax-exempt multifamily bonds issued by an entity other than the Corporation or a Local Government Housing Finance Authority) • Corporation -issued Tax -Exempt MMRB and non-competitive 4% HC (through a Supplemental MMRB Application Cycle) • Corporation -issued Tax -Exempt MMRB without non-competitive 4% HC (through a Supplemental MMRB Application Cycle) • Corporation -issued Tax -Exempt and Taxable MMRB and non- competitive 4% HC (through a Supplemental MMRB Application Cycle) • Corporation -issued Tax -Exempt and Taxable MMRB without non- competitive 4% HC (through a Supplemental MMRB Application Cycle) If funding is received from more than one Corporation program, the Applicant will be required to comply with the most restrictive program requirements. For purposes of the 2013 2011 Universal Application Cycle, Applicants that select and qualify for the Homeless Demographic Commitment at Part III.D. of the Application must request both Competitive HC and HOME funding. However, as outlined in Section 12.a. &ff-. of the Ranking and Selection Criteria section, if the Competitive HC/HOME Homeless Application is not selected to meet the Homeless goal, it will not be eligible to be selected for any funding. 2. Applicant Information. a. Enter requested information for Applicant. b. Enter Applicant's Federal Employer Identification Number. If the Federal Employer Identification Number has not yet been obtained, provide a copy of the completed, submitted application for that number behind a tab labeled "Exhibit 2". Applicant must be a legally formed entity [i.e., limited partnership, corporation, limited liability company, etc.] qualified to do business in the state of Florida as of the Application Deadline. Except for Public Housing Authorities, Applicant must include behind a tab labeled "Exhibit 3" a copy of the valid Certificate of Good Standing from the Florida Secretary of State. (1) If applying for HC, the Applicant must be a limited partnership (including a limited liability limited partnership) or a limited liability company. For Competitive HC Applicants, the Applicant entity shall be the recipient of the Housing Credits and may not change until after the Carryover Allocation Agreement is in effect. Once the Carryover Allocation Agreement has been executed by all parties, replacement of the Applicant or a material change (33.3 percent or more of the Applicant, a General Partner of the Applicant, or a member of the Applicant) in the ownership L?A1016 (Rev.) 4 6-a6 004(1)(a), 0--21.003(1)(i), F_A C. 8-31-12 Draft stricture of the named Applicant will require Board approval prior to the change. Any non -material change (less than 33.3 percent of the Applicant, a General Partner of the Applicant, or a member of the Applicant) in the ownership stricture of the named Applicant will not require Board approval, but the Corporation must still be notified in writing of the change. The Applicant entity may be changed without Board approval after a Final Housing Credit Allocation Agreement has been approved and the IRS Forms 8609 have been issued; however, the Corporation must still be notified in writing of the change. Changes to the Applicant entity prior to the execution of a Carryover Allocation Agreement or without Board approval prior to the approval of the Final Housing Credit Allocation Agreement and issuance of the IRS Forms 8609 will result in a disqualification from receiving funding and shall be deemed a material misrepresentation. Changes to the limited partner of a limited partnership or member of a limited liability company owning the syndicating interest therein will not result in disqualification. (2) If applying for MMRB or HOME, the Applicant entity shall be the borrowing entity and cannot be changed until after loan closing. Replacement of the Applicant or a material change (33.3 percent or more of the Applicant, a General Partner of the Applicant, or a member of the Applicant) in the ownership stricture of the named Applicant prior to loan closing shall result in disqualification from receiving funding and shall be deemed a material misrepresentation. Changes after loan closing require Board approval. d. If the Applicant applies as a Non -Profit entity it must remain a Non -Profit entity. The Non -Profit entity understands and acknowledges that it is the Non -Profit entity's responsibility to contractually ensure that it substantially and materially participates in the management and operation of the Development throughout the Compliance Period. If the Applicant is applying as a Non -Profit entity, failure to include the attorney opinion letter behind a tab labeled "Exhibit 4" and the IRS determination letter behind a tab labeled "Exhibit 5" will result in disqualification as a Non - Profit entity and failure to meet threshold. If the Applicant applies as a Non -Profit entity, describe the role of the Non -Profit entity in the Development and how the Non -Profit entity is substantially and materially participating in the management and operation of the Development. In the event the percentage distribution of Developer's fee and/or annual net profits to the Non -Profit entity is/are different from the ownership percentage, provide an explanation for such difference and how the Non -Profit entity is substantially and materially L?a1016 (Rev.) 6--46.004(1)(i)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft participating in the management and operation of the Development. The percentage of the Developer's fee that will go to the Non -Profit entity must be at least 25 percent. Provide the description/explanation of the role of the Non -Profit entity behind a tab labeled "Exhibit 6". Provide the names and addresses of the governing board of the Non -Profit entity behind a tab labeled "Exhibit 7". Provide the articles of incorporation demonstrating that one of the purposes of the Non -Profit entity is to foster low income housing behind a tab labeled "Exhibit 8". 3. Principals for the Applicant and for each Developer. All entities that are Principals of the Applicant and the Developer (i.e., that are not a natural person) must be legally formed and qualified to do business in the state of Florida as of the Application Deadline. a. For a Limited Partnership, provide a list identifying, as of Appliea6an Deadline,-4the following: (i) the Principals of the Applicant as of Application Deadline, including percentage of ownership interest of each, and (ii) the Principals for each Developer as of Application Deadline. Provide this information behind a tab labeled "Exhibit 9". This list must include warrant holders and/or option holders of the proposed Development. b. For a Limited Liability Company, provide a list identifying -of the following: (i) the Principals of the Applicant as of Application Deadline, including percentage of ownership interest of each, and (ii) the Principals for each Developer as of Application Deadline. Provide this information behind a tab labeled "Exhibit 9". This list must include warrant holders and/or option holders of the proposed Development. For all other entities, provide a list identifyiing, as ,4the following: (i) the Principals of the Applicant as of Application Deadline, including percentage of ownership interest of each, and (ii) the Principals for each Developer as of Application Deadline. Provide this information behind a tab labeled "Exhibit 9". The required list of the Principals of the Applicant and for each Developer must be included in the Application as of Application Deadline. The list may be revised during the "Cure" period outlined in subsection 67-48.004(6), F.A.C., to address an inconsistency with another item in the Application, but any change or addition to the list is limited to information that was true and correct as of the Application Deadline and will be subject to review pertaining to financial obligations for which the Applicant or Developer or Principal, Affiliate or Financial Beneficiary of the Applicant or Developer is in arrears to the Corporation or any agent or assignee of the Corporation as of the Application L?A1016 (Rev.) 6 6-a6 004(1)(a), 0--21.003(1)(i), F_A C. 8-31-12 Draft Deadline as set forth in subsection 67-48.004(3), F.A.C., and any such arrearages must be satisfied as of the due date for submitting the "Cures." 4. Enter requested information for Contact Person. The Corporation will utilize the Contact Person's e-mail address provided by the Applicant in the Application for purposes of preliminary and NOPSE scoring notification as outlined in section 67-48.004, F.A.C. If applying for HOME, in order to be considered a HOME Community Housing Development Organization (CHDO), the Applicant must provide behind a tab labeled "Exhibit 9-A", a letter from the Florida Housing Finance Corporation HOME Program, dated not prior to 12 months preceding the Application Deadline, which designates the Applicant as a CHDO. The service area of the CHDO must include the area in which the proposed Development site is to be located. If the Applicant wishes to apply as a CHDO, but has not yet been so designated, it may apply for CHDO status by providing a properly completed FHFC CHDO checklist along with all appropriate exhibits behind a tab labeled "Exhibit 9-A". The CHDO checklist is incorporated by reference and available on the Corporation's Website. All required information for designation of the Applicant as a CHDO must be provided not later than the date that signifies the end of the cure period outlined in Rule 67-48.004, F.A.C. B. Development Team The past performance record, financial capacity, and any and all other matters relating to the development team, which consists of Developer, Management Company, General Contractor, Architect, Attorney, Accountant, and, if the proposed Development is an Assisted Living Facility (ALF), the Service Provider, will be reviewed during credit underwriting. The Credit Underwriter may require additional information from any member of the development team including, without limitation, documentation on other past projects and financials. Development teams with an unsatisfactory past performance record, inadequate financial capacity or any other unsatisfactory matters relating to their suitability may result in a negative recommendation from the Credit Underwriter. The success of an Applicant in being selected for funding is not an indication that the Applicant will receive a positive recommendation from the Credit Underwriter or that the development team's experience, past performance or financial capacity is satisfactory. Any allowable replacement at any future date of any member of the Development Team reflected in the Application must meet the requirements that were met by the original team member. Developers and er Principals of Developer The Developer entity, including all co -Developers, must be a legally formed entity qualified to do business in the state of Florida as of the Application Deadline. L?A1016 (Rev.) 7 6-a6 004(1)(a), 0--21.003(1)(i), F_A C. 8-31-12 Draft The Principal(s) iden4ty of the Developer(s) listed in this Application may not change until the constriction or rehabilitation work proposed in this Application is complete, unless approved by the Board as provided in Rule 67-48.004, F.A.C. a. State the Pr-avide name of each Developer, including all co -Developers, and provide behind a tab labeled "Exhibit 10" a copy of the valid Certificate of Good Standing from the Florida Secretary of State for each stated Developer entity, including all co -Developers. (Threshold). b. General Experience (Threshold) (1) Certification of General Experience To meet threshold, each experienced Developer must provide a completed DeVeWpe f OF Principal of Developer Certification form behind a tab labeled "Exhibit 10", certifying that a she Deye' ope- ef Principal of the Developer entity has, since January 1, 1991, completed at least three (3) affordable rental housing developments, at least one (1) of which was completed since January 1, 2001. At least one (1) of the three (3) completed developments must consist of a total number of units no less than 50 percent of the total number of units in the proposed Development. For purposes of this provision, completed for each of the three (3) developments means (i) that the temporary or final certificate of occupancy has been issued for at least one (1) unit in one of the residential apartment buildings within the development, or (ii) that at least one (1) IRS Form 8609 has been issued for one of the residential apartment buildings within the development. As used in this section, an affordable rental housing development, including a Housing Credit development, that contains multiple buildings is a single development regardless of the number of buildings within the development for which an IRS Form 8609 has been issued. If providing experience acquired from a previous affordable housing Developer entity, the person signing the Deyelope- Principal of Developer Certification form must have been a Principal F:,,,,,,eial e efie ap, of that Developer entity. (2) Prior General Experience Chart To meet threshold, for each experienced DeVe' pe f OF Principal of Developer Certification form included in the Application, the Applicant must provide, behind a tab labeled "Exhibit 10", a prior experience chart for the experienced Principal reflecting the required information for the three (3) completed affordable rental housing developments. L?a1016 (Rev.) 6--46.004(1)(i)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft Each The prior experience chart{) must include the following information: Prior General Development Experience Chart Name of Pe,�-olopeF 9 Principal of Developer: Name of Location Affordable Housing Total Year Development (city , state) Program that Provided Number of Year Financing Units (3) For any co -Developer that does not have the required experience provide, behind a tab labeled "Exhibit 10", the name, Address, telephone and facsimile numbers, e-mail address, and the relationship of the co -Developer to the Applicant. Housing Credit Development Experience (3 Points) If a Principal of the Developer meets at least one of the three following criteria (outlined in (1), (2), and (3) below), the Application will be eligible for 3 points. If more than one applies to the Principal of the Developer, the Applicant is only required to meet the criteria for either (1) or (2) or (3) to be eligible for the 3 points. (1) Completion of at least three (3) Housing Credit Developments since January 1, 2007 Indicate whether a Principal of the Developer (a Principal of at least one Developer if co -Developers) has completed at least three (3) Housing Credit developments since January 1, 2007. For purposes of this provision, completed for each of the three (3) developments means (i) that the temporary or final certificate of occupancy has been issued for at least one (1) unit in one of the residential apartment buildings within the development, or (ii) that at least one (1) IRS Form 8609 has been issued for one of the residential apartment buildings within the development. As used in this section, a Housing Credit development that contains multiple buildings is a single development regardless of the number of buildings within the development for which an IRS Form 8609 has been issued. With respect to a Principal of the Developer, if providing experience acquired from a previous affordable housing Developer entity, such principal must have been a Principal or Financial Beneficiary of that Developer entity. To be eligible for 3 Points, the Applicant must answer "Yes" to the question at Part II.B. Lc.(1) of the Application and provide a prior experience chart, behind a tab labeled "Exhibit 10", reflecting the L?a1016 (Rev.) 9 6--46.004(1)(a)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft required information for the three (3) Housing Credit developments. The prior experience chart must include the following information: Prior Housing Credit Experience Chart Name of Principal of Developer: Name of Development Location Year Completed (Cih c,,, stlte) [oil (2) Housing Credit Experience in Florida since January 1, 2007 If a Principal of the Developer (a Principal of at least one Developer if co -Developers) has, since January 1, 2007, been a Principal for any Developer involved in any Development(s), then the Development(s) must have, as of the date that signifies the end of the cure period outlined in Rule 67-48.004, F.A.C., commenced constriction and each of the following criteria has been met in the case(s) where the applicable award(s) were received since January 1, 2007: (a) The Housing Credit equity partnership agreement or operating agreement has closed for every allocation received if the Development(s) has received any Competitive 9 percent Housing Credit Allocation for more than $100, and (b) The SAIL loan has closed for every SAIL award received that was to be used in conjunction with non-competitive 4 percent Housing Credits if it has received any SAIL award(s) not de -obligated pursuant to Rules 67ER09-1 through 67ER09-5, F.A.C. (for purposes of this provision, a SAIL award received pursuant to Request for Proposals 2010-16 shall be excluded), and (c) The HOME loan has closed for every Corporation -issued HOME Rental award received that was to be used in conjunction with non-competitive 4 percent Housing Credits. For purposes of Competitive 9 percent Housing Credit Allocations, received means that the Carryover Allocation Agreement has been issued. If the Carryover Allocation Agreement for any Competitive 9 percent Housing Credit Allocation was issued and the full Housing Credit Allocation was subsequently returned to L?A1016 (Rev.) 10 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft the Corporation, the Applicant is not eligible for 3 points under Part ILB. l.c.(2) of the Application. For purposes of SAIL and Corporation -issued HOME Rental, received means that the invitation to enter Credit Underwriting has been issued. With respect to a Principal of the Developer, if providing experience acquired from a previous affordable housing Developer entity, such principal must have been a Principal or Financial Beneficiary of that Developer entity. To be eligible for 3 points, the Applicant must answer "Yes" to question (2) at Part ILB.l.c. of the Application and provide a prior experience chart, behind a tab labeled "Exhibit 10", reflecting all of the Developments for which Competitive 9 percent Housing Credits, SAIL and/or Corporation -issued HOME Rental has been received since January 1, 2007 as outlined above. The prior experience chart must include the following information: Competitive 9 Percent Housing Credits, SAIL and or HOME Rental Received from Florida Housing since January 1, 2007 Name of Principal of Developer: Florida Hentousing File No. Name of DevelopmLocation (City acid CotmtV) [oil (3) Indicate whether a Principal of the Developer (a Principal of at least one Developer if co -Developers) has completed at least 1,000 Housing Credit units (Competitive 9 percent and/or non- competitive 4 percent) in the state of Florida. For purposes of this provision, completed for at least 1,000 Housing Credit units means (i) that the temporary or final certificate of occupancy has been issued, or (ii) IRS Form 8609 has been issued for the buildings where the Housing Credit units are located. With respect to a Principal of the Developer, if providing experience acquired from a previous affordable housing Developer entity, such principal must have been a Principal or Financial Beneficiary of that Developer entity. To be eligible for 3 Points, the Applicant must answer "Yes" to the question at Part II.B. I.c.(3) of the Application and provide a prior experience chart, behind a tab labeled "Exhibit 10", reflecting the L?A1016 (Rev.) 11 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft required information for at least 1,000 completed Housing Credit units. The prior experience chart must include the following information: Total Housing Credit Units Completed in the State of Florida Name of Principal of Developer: Florida Housing Name of Location Indicate Funding Source Total Number of File No. Development (City and (Competitive 91 o HC or Housing Credit Units County) non-competitive 40 o in Development HC) 2. Management Company or principal of Management Company (Threshold) a. Certification - Provide the completed Management Company or Principal of Management Company Certification form behind a tab labeled "Exhibit 11". b. Prior Experience Chart — The Management Company or principal of Management Company must demonstrate experience in the management of at least two (2) affordable rental housing properties, at least one (1) of which consists of a total number of units no less than 50 percent of the total number of units in the proposed Development, for at least two (2) years each by providing a prior experience chart behind a tab labeled "Exhibit 11". The chart must include the following information: Name of Management Company or principal of Management Company: Name of Location Currently Managing Length of Time Total Number Development Cin s ate) or (Years and Months) of Formerly Managed Units 3. General Contractor or qualifying agent of General Contractor (Threshold) a. Certification of General Experience - To meet threshold, the Applicant must provide the completed General Contractor or Qualifying Agent of General Contractor Certification form behind a tab labeled "Exhibit 12". certifying that the General Contractor or qualifying agent of the General Contractor has acted as the General Contractor on at least two (2) housing developments, completed since January 1, 2001, of similar development category and development type as the proposed Development. At least one (1) of the two (2) completed developments must consist of a total number of units no less than 50 percent of the total number of units in the proposed Development. For purposes of this provision, completed for each development means (i) that the temporary or final certificate of occupancy has been issued for at least one (1) unit in one of the residential apartment buildings within the development, or (ii) that at least one (1) IRS Form 8609 has been issued for one of the residential apartment I TAI016 (Rev. ) 12 6-46 004(1)(1), 0--21.003(1)(a), F_A C. 8-31-12 Draft buildings within the development. As used in this section, a housing development, including a Housing Credit development, that contains multiple buildings is a single development regardless of the number of buildings within the development for which an IRS Form 8609 has been issued. b. Prior General Experience Chart — To meet threshold, the General Contractor or qualifying agent of General Contractor must provide a prior experience chart reflecting the required information for the two (2) completed developments behind a tab labeled "Exhibit 12". The prior experience chart must include the following information: Name of General Contractor or qualifying agent of General Contractor: Ne-,v Development Type: Total Number Name of Location Construction garden, townhouses, high-rise, of Development (City v state) or duple-.. quadruple-.. mid -rise Units Rehabilitation w/elevator, single family, SRO, or other(speciA-type) L?A1016 (Rev.) 13 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 6f L?A1016 (Rev.) 14 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft , MIN I-, Will 4. Architect (Threshold) Provide the completed Architect Certification form behind a tab labeled "Exhibit 13". Attorney (Threshold) Provide the completed Attorney Certification form for MMRB or HOME behind a tab labeled "Exhibit 14"and/or the completed Attorney Certification form for HC behind a tab labeled "Exhibit 15". 6. Accountant (Threshold) L?A1016 (Rev.) 15 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Provide the completed Accountant Certification form behind a tab labeled "Exhibit 16". 7. Service Provider or principal of Service Provider (Threshold for Assisted Living Facility Developments; not required for non -Assisted Living Facility Developments) a. Certification - Provide the completed Service Provider or Principal of Service Provider Certification form behind a tab labeled "Exhibit 17". The Service Provider must be the entity which provides all services related to personal care, meals, health, social, leisure and other special services available to the residents. b. Prior Experience Chart — The Service Provider or principal of Service Provider must demonstrate experience in the provision of at least two (2) Assisted Living Facilities for at least two (2) years, at least one (1) of which consists of a total number of units no less than 50 percent of the total number of units in the proposed Development, for at least two years each by providing a prior experience chart behind a tab labeled "Exhibit 17". The chart must include the following information: Name of Service Provider or principal of Seivice Provider: Name of Location Length of Time Total Number Development (City & State) (Years and Months) of Units Guarantor(s) Information (Threshold for MNM Applications; not required for Applications requesting Competitive HC and Applications requesting non- competitive HC only) Provide a chart behind a tab labeled "Exhibit 18" that includes the following information for all proposed guarantors: Name of Complete Mailing Telephone Number Fax Number Guarantor I Address I (including area code) (including area code) Part III. Proposed Development Unless stated otherwise, all information requested in the Application and Instructions pertains to the proposed Development. A. General Development Information Provide the name of the proposed Development. 2. Location of Development site: I TAI016 (Rev. ) 16 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft a. Indicate the county in which the proposed Development will be located. A County designated with "(E)" is a HOME entitlement area. LARGE, MEDIUM AND SMALL COUNTY CATEGORIES Large I Medium I Small Broward (E) Duval (E) Hillsborough (E) Miami -Dade (E) Orange (E) Palm Beach (E) Pinellas (E) Alachua (E)* Osceola Baker Jackson Bav Pasco (E) Bradford Jefferson Brevard (E) Polk (E) Calhoun Lafavette Charlotte St. Johns Columbia Levv Citrus St. Lucie (E) De Soto (4;_4 Libertv Clad• Santa Rosa (E) Dime Madison Collier (E) Sarasota (E)* Flagler Monroe Escambia (E) Seminole (E) Franklin Nassau Hernando Volusia(E) Gadsden Okeechobee( Indian River (E) Gilchrist Putnam Lake Glades (4;_4 Sumter Lee (E) Gulf Suwannee Leon (E)* Hamilton Taylor Manatee (E) Hardee (4;_4 Union Marion (E) Hendry �F_4 Wakulla Martin (E) Highlands �Eq Walton Okaloosa Holmes Washington * See Part IILA.21o+. below b. Provide the Address of the Development Site. Indicate which of the following applies [Item (1) or Item (2) or both Items (1) and (2)1 and provide the required information: (1) If the address has been assigned by the United States Postal Service (LISPS), include the address number, street name and city. and/or (2) If the address has not yet been assigned by the USPS, include, at a minimum, the street name and closest designated intersection and indicate whether the proposed Development is located within the city limits or in the unincorporated area of the county. If it is located within a city, indicate the name of the city. If the Development will consist of Scattered Sites, for each of the Scattered Sites, provide, behind a tab labeled "Exhibit 19", the Address, total number of units, and latitude and longitude coordinates, determined in degrees, minutes and seconds truncated after one decimal place, located anywhere on the Scattered Site. If requesting Competitive HC, for the Scattered Site where the Tie -Breaker Measurement Point is located only the Address and total number of units is required. If requesting MMRB or non-competitive HC only, for the Scattered Site where the Development Location Point is located only the Address and total number of units is I TAI016 (Rev. ) 17 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft required. If the proposed Development will consist of Scattered Sites, but the Applicant fails to provide the above required information for each of the Scattered Sites, the Application will fail threshold. For Competitive HC only, a -As required at Part IILA.2.h. of the Instructions, for any TOD Development that consists of Scattered Sites the information provided behind a tab labeled "Exhibit 19" must indicate which of the Scattered Sites is at least partially located within the designated TOD area and the number of set -aside units that are located on each of the respective Scattered Sites that are also located within the designated TOD area. MMRB & HC Applications — If the proposed Development meets the definition of Scattered Sites, a part of the boundary of each Scattered Site must be located within 1/2 mile of the Scattered Site with the most units. d. If the location of the proposed Development is in an urban in -fill area, in order for it to qualify as an Urban In -Fill Development for purposes of this Application, the Applicant must provide the properly completed and executed Local Government Verification of Qualification as Urban In -Fill Development form behind a tab labeled "Exhibit 20". For Competitive HC only, 4f the Application involves a site or sites with an existing Declaration of Trust DOT between a Public Housing Authority and HUD, in order for the Application to be eligible for the DOT Tier 1 Proximity Tie Br-eaker-Tier- 1 Score Bhoost (outlined at Part IILA.l0.b.a.(2)(b) of the Instructions), the Applicant must meet the following criteria: 1) All units in the proposed Development must be located on a site(s that has an existing DOT. For purposes of this provision, this includes (i) all parcels if the proposed Development site consists of multiple parcels and (ii) all Scattered Sites if the proposed Development site meets the definition of Scattered Sites; and Q04 Select and qualify for one of the following Development Categories at Part IILA.3.a. of the Application: New Constriction, Rehabilitation, Acquisition and Rehabilitation, Redevelopment or Acquisition and Redevelopment; and 3 {2) Provide, behind a tab labeled "Exhibit 20," a letter from the PHA dated within 12 months of the Application Deadline and signed by the Executive Director or Chairman of the Board, certifying that the site(s) where all of the units will be located have �her-e is an existing Declaration of Trust between the PHA and HUD fer- �he L?A1016 (Rev.) 18 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft £ For Competitive HC only, 4n order for the proposed Development to qualify as a Public Housing Revitalization Development for purposes of this Application, it must G) be located in a Medium County, (ii) be located in an area for which a Local Government has approved and adopted a community redevelopment or revitalization plan,_ and JjW the Applicant must meet the following criteria: (1) Select and qualify for the Redevelopment or Acquisition and Redevelopment Development Category at Part III.A.3.a. of the Application; and (2) Provide, behind a tab labeled "Exhibit 20," a letter from the PHA dated within 12 months of the Application Deadline and signed by the Executive Director or Chairman of the Board, certifying that there is an existing Declaration of Trust between the PHA and HUD for the proposed Development site (as outlined in Part IILA.2.e. 3 (24 above); and (3) Provide the properly completed and executed Local Government Certification of Public Housing Revitalization in a Local Community Redevelopment or Revitalization Plan form behind a tab labeled "Exhibit 20". ■ _� ■ . . IIIAW ■ u�Ir For Competitive HC only, iIn order for a proposed Development to qualify as a TOD Development for purposes of this Application all of the following criteria must be met: (i) the Local Government must certify that the proposed Development is located within one of the following areas designated as a Transit -Oriented Development, Transit Oriented Development District, Rapid Transit Zone, Transit Village, or Rapid Transit Development Impact Zone by a Local Government planning agency in its comprehensive plan, land use plan, land development code, or zoning code, (ii) the proposed Development must meet the scoring criteria outlined in the Proximity section of the Application to achieve a Transit Service Score of at least 6 points, based on the proposed L?A1016 (Rev.) 19 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Development's proximity to a Public Rail Station, (iii) the Applicant's Competitive HC request amount stated at Part V.A.1. of the Application must be at least 40 percent of the Maximum Competitive HC Request for the applicable county inclusive of any DDA/QCT bonus (as set out at Part V.A.1. of the Instructions), (iv) at least 75 -58 of the proposed Development's set -aside units must be located within the designated TOD area, and (v) the Applicant must have selected and qualified at Part IILA.3.a. of the Application for the Development Category of New Constriction, Rehabilitation, Acquisition and Rehabilitation, Redevelopment, or Acquisition and Redevelopment. The properly completed and executed Local Government Verification of Qualification as a TOD Development form must be provided behind a tab labeled "Exhibit 20". If the proposed Development will consist of Scattered Sites, the Scattered Sites information required at Part III.A.2.c. of the Instructions must indicate which of the Scattered Sites is at least partially located within the designated TOD area and the number of set -aside units that are located on each of the respective Scattered Sites that are also located within the designated TOD area. For purposes of the 2013 2011 Universal Application Cycle, the designated TOD areas are: • Designated Areas in Broward County: Deerfield Beach TOD and Sheridan Station TOD; • Designated Areas in Miami -Dade County: Allapattah Station, Br-ieke" Brownsville Station, Civic Center Station, Coconut Grove Station, Ctil o- S*4i , Dadeland North Metrorail, Dadeland South Metrorail , Dr. Martin Luther King, Jr. Station, Ear-1 qg*at uoi&s S*4i Government Center Station, Northside Station, Okeechobee Metrorail Station, City of Opa-Locka TOD, Overtown Arena Station, Santa Clara Station, Setif h r iaffl S+4iei Tri-Rail MetroRail Station, University Station, and Vizcaya Station; • Designated Area in Orange County: Sand Lake Station TOD, • Designated Area in Palm Beach County: Lake Worth TriRail Station TOD and West Palm Beach Station/Seaboard Station; • Designated Area in Seminole County: City of Longwood Transit Village; and L?A1016 (Rev.) 20 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft • Designated Area in Volusia County: Fort Florida/DeBary Station TOD. Indicate whether the proposed Development meets the requirements to qualify as a TOD Development. h.� Indicate whether the proposed Development is located in the Florida Keys Area. Provide the requested information relative to the local jurisdiction of the proposed Development. If applying for HC, the Applicant must complete questions (1) through (4). If not applying for HC, the Applicant may skip questions (1) through (4). (1) With regard to Housing Credits, the United States Department of Housing and Urban Development (HUD) provides regulatory guidance on the effective date of Difficult Development Area (DDA) and Qualified Census Tract (QCT) lists for the purpose of determining whether a Development qualifies for an increase in eligible basis in accordance with Section 42(d)(5)(B), IRC. (a) DDA — In order to be classified as a Development located in a DDA for purposes of the current Funding Cycle, as of the Application Deadline or the date that signifies the end of the cure period outlined in Rule 67-48.004, F.A.C., (i) the proposed Development must be located in a HUD - designated DDA or (ii) as provided in the 201' 2012 QAP the Competitive HC Applicant must select and qualify at Part III.D. of the Application for the Homeless Demographic Commitment. For non-competitive HC, Applicants must also comply with Section 42, IRC, regarding DDA qualifying date. If located in a HUD -designated DDA, provide the requested information, as applicable. (b) QCT In order to be classified as a Development located in a QCT for purposes of the current Funding Cycle, the proposed Development must be located in one of the QCTs based on the current census, as determined by HUD as of the L?A1016 (Rev.) 21 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Application Deadline or the date that signifies the end of the cure period outlined in Rule 67-48.004, F.A.C. If applicable, provide a copy of a letter from the local planning office or census bureau verifying the Development's location in the referenced QCT behind a tab labeled "Exhibit 21". For non-competitive HC, Applicants must also comply with Section 42, IRC, regarding QCT qualifying date. (c) Multi -Phase — If the proposed Development is classified as a Development located in a HUD -designated DDA and/or QCT, per Item (a) and/or (b) above, and it is a the t phase of a "multiphase" project, as defined by HUD in the applicable DDA/QCT regulations, where no phase was funded in the 2011 Universal Application Cycle, for purposes of Section 42(h)(4) of the Code, the DDA or QCT status of the site that applies for all phases funded in consecutive funding cycles is that which applied when the first of the following occurred: (a) the building(s) in the first phase were placed in service, or (b) the bonds were issued. If the Applicant indicates at Part II1.A.2.��-(1)(c)(i) of the Application that the proposed Development is a the -fi+4 phase of a multiphase Development where no phase was funded in the 2011 Universal Application cycle and the proposed Development is selected for funding, the procedure and deadline for providing the required information will be included in the Carryover Allocation Agreement. If the proposed Development is located in a HUD- desi=ated DDA and/or QCT, per Item (a) and/or (b) above, and it is an additional phase of a multi -phase Development where a phase was funded in the 2011 Universal Application Cycle, the Applicant should select Part III.A.2.j.(1)(c)(ii) of the Application and provide the required information for the phase(s) funded in the 2011 Universal Application Cycle. If the proposed Development is not located in a HUD- desi=ated DDA and/or QCT, per Item (a) and/or (b) above, but it is an additional phase of a multi -phase Development where a phase was funded in the 2011 L?A1016 (Rev.) 22 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Universal Application Cycle, and this proposed Development is funded, then the DDA/QCT status of the Development funded in the 2011 Universal Application Cycle will apply for the additional phase proposed in this Application. The Applicant should select Part IILA.2.j.0)(c)(ii) of the Application and provide the required information for the phase(s) funded in the 2011 Universal Application Cvcle. (d) Applicants requesting non-competitive HC only = Applicants that answered "Yes" to the question at Part IILA 2.j_4c--(1)(a) and/or (b) in the Application must provide behind a tab labeled "Exhibit 21" a letter from the Development's bond -issuing agency certifying the date the bond application was deemed complete. A "complete application" means that no more than de minimis clarification of the application is required for the agency to make a decision about the issuance of bonds requested in the application. Non-competitive HC Applicants must also comply with Section 42, IRC, regarding DDA/QCT qualifying date. (2) — (4) The responses to these questions must be in accordance with Section 42, IRC, as amended. k.k MMRB and non-competitive HC Development Location Point (Threshold) Applicants requesting MMRB (with or without non-competitive HC) and Applicants requesting non-competitive HC only must provide the Surveyor Certification of Development Location Point for MMRB and Non -Competitive HC Applications form behind a tab labeled "Exhibit 22". For purposes of this section of the Application, the Development Location Point, as defined in Rules 67-48.002 and 67-21.002, F.A.C., must consist of the latitude and longitude coordinates determined in degrees, minutes and seconds, with the degrees and minutes stated as whole numbers and the seconds truncated after one decimal place. If the degrees and minutes are not stated as whole numbers and the seconds are not truncated after one decimal place, the latitude and longitude coordinates will not be considered and the Application will fail threshold. l.+r. Applicants requesting HOME: Indicate whether the proposed Development is located in Alachua County, Leon County, or Sarasota County. If "Yes", complete the applicable ITA1016(Rev. ) 23 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft questions and provide, behind a tab labeled "Exhibit 22-A", a letter from the applicable county's Director of Planning or Zoning or the chief appointed official or staff responsible for determination of planning or zoning issues verifying that the Development site is outside of the incorporated boundaries of the applicable city. If the appropriate letter is not provided, the proposed Development will be deemed to be located in an entitlement area. 3. Development Category / Concrete Constriction: a. Applicants must select one Development Category that best describes the proposed Development: • New Construction (where 50% or more of the units are new construction) • Rehabilitation (where less than 50% of the units are new construction) • Acquisition and Rehabilitation (acquisition plus less than 50% of the units are new construction) • Redevelopment (where 50% or more of the units are new construction) • Acquisition and Redevelopment (acquisition plus 50% or more of the units are new construction) • Preseivation (where less than 50% of the units are new construction) • Acquisition and Preseivation (acquisition plus less than 50% of the units are new construction) In order to determine the proposed Development's eligibility for the selected Demographic Category and its Rental Assistance (RA) Level classification, the documentation outlined in 3.a.(1), (2) or (3) below must be provided. The criteria for RA Level classifications is also outlined below. (1) If New Constriction, Rehabilitation or Acquisition and Rehabilitation is selected, in order to be classified as a Rental Assistance (RA) Level other than RA Level 6, the Applicant must provide, behind a tab labeled "Exhibit 23", a letter from a designated administrator of a Federal program that provides long- term rental assistance. The rental assistance provided must be tied to the proposed Development and its units and be for a minimum of 20 years from the date the Development's units are placed in service. The letter must include the following information and be dated by the Application Deadline: (a) Name of the proposed Development; (b) Address of the proposed Development; (c) Total number of units that receive aiid ler «41 - PBRA, ACC, and/or other form of long-term rental assistance as of the Application Deadline for the 2013 Universal Application Cycle; L?A1016 (Rev.) 24 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (d) Total number of additional units that will receive PBRA, ACC, and/or other form of long-term rental assistance if the proposed Development is funded, if applicable, LeJ04 The Federal program associated with the rental assistance; and f�(e} A statement that the committed rental assistance will be reserved and available for use by the proposed Development by the time the units are placed in service and committed for a minimum of 20 years upon the units being placed in service. If the referenced letter is not provided, the proposed Development will automatically be deemed to be RA Level 6. (2) If Redevelopment or Acquisition and Redevelopment is selected, in order to qualify for the selected Development Category the following criteria must be met: (a) The Development must meet the definition of Redevelopment stated in Rule 67-48.002 and/or 67-21.002, F.A.C; and (b) The Applicant must provide behind a tab labeled "Exhibit 23" a letter from HUD or RD, dated within 12 months of the Application Deadline, which includes the following information: i. Name of the Development; ii. Address of the Development; iii. Year built; iv. Total number of units that receive and/or are entitled to receive PBRA and/or ACC as of the Application Deadline for the 2013 Universal Application Cycle; y. Total number of additional units that will receive PBRA and/or ACC if the proposed Development is funded, if applicable; and vi. The HUD or RD program currently associated with the existing development. For purposes of this provision, the Name of the Development may be the name at the time of the PBRA and/or ACC award. If the Application does not qualify for the Development Category of Redevelopment or Acquisition and Redevelopment, the Application will fail threshold and the proposed Development will automatically be deemed to be RA Level 6. L?A1016 (Rev.) 25 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (3) If Preservation or Acquisition and Preservation is selected, in order to qualify for the selected Development Category the following criteria must be met: (a) The proposed Development must consist of 250 total units or less The Development must meet the definition of Preservation stated in Rule 67-48.002 and/or 67-21.002, F.A.C.; and Lcj(�) The Development must also meet the definition of Rehabilitation stated in Rules 67-48.002 and 67-48.0075, F.A.C.; and Ld)ko The Applicant must provide behind a tab labeled "Exhibit 23" a letter from HUD or RD, dated within 12 months of the Application Deadline, which includes the following information: i. Name of the Development; ii. Address of the Development; iii. Year built; iv. Total number of units that receive and/or are entitled to receive PBRA and/or ACC as of the Application Deadline for the 2013 Universal Application Cycle; V. The HUD or RD program currently associated with the existing development; and vi. Confirmation that the Development has not received financing from HUD or RD after 19941992 where the rehabilitation budget was at least $10,000 per unit. For purposes of this provisioiL the Name of the Development may be the name at the rime of the PBRA and/or ACC award. If the Application does not qualify for the Development Category of Preservation or Acquisition and Preservation, the Application will fail threshold and the proposed Development will automatically be deemed to be RA Level 6. Redevelopment and Preservation Developments that are tentatively funded will be required to provide to the Credit Underwriter a plan for relocation of existing tenants. L?A1016 (Rev.) 26 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft If the proposed Development consists of acquisition and rehabilitation, with or without new constriction (where the applicable new constriction is for the building of units which will total less than 50 percent of the proposed Developments total unit count), but the Applicant is not requesting Corporation funding related to the acquisition, the Applicant should select Rehabilitation or Preservation, as applicable, as the Development Category. However, the acquisition costs and sources must still be reflected on the Development Cost pro forma. A Competitive HC Application's RA Level will affect the proposed Development's eligibility to (i) receive automatic proximity tie -breaker points (as outlined in Part III.A.10. of the Instructions), and (ii) be located within an LDA a T eea4 et " area (as outlined in Part III.E. of the Instructions). In addition, the RA Level will be used as a tie -breaker during the ranking process (as outlined in Section 10. 6, of the Ranking and Selection Criteria section of the Instructions). The RA Level of an MMRB Application and a non-competitive HC only Application will affect the proposed Development's eligibility to be located within an LDA a Lae4ian ^ area (as outlined in Part III.E. of the Instructions). The following procedures will be followed when computing the Application's RA Level classification: • Each Application's RA Level classification will be based on either the number the rental assistance units stated by the Applicant at Part III.A.6.c. of the Application or the percentage of total units as outlined below) that receive_ will receive_ and/or are entitled to receive r-eeeiN,iiig PBRA, ACC, and/or other long-term rental assistance, as applicable to the Development Category selected by the Applicant at Part IILA.3.a. of the Application. The method that provides the Applicant with the lowest (best) RA Level classification will be used. The 444s percentage described above will be computed by dividing the total number of units that receive,_ der will receive, and/or are entitled to receive, as applicable to the Development Category selected by the Applicant at Part III.A.3.a. of the Application, the mean* 4 Pat4 111 ^ 6eof �he Applie4ien by the total number of units in the proposed Development as stated by the Applicant at Part III.A.6.a. of the Application. As outlined in Part IILA.6.c. of the Instructions, the number of rental assistance units must be stated by the Applicant at Part IILA.6.c. of the Application as of the Application Deadline and cannot be revised, corrected or L?A1016 (Rev.) 27 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft supplemented after the Application Deadline. • The following process will be followed in the event of an inconsistency between the rental assistance units stated at Part IILA.6.c. of the Application and the number of rental assistance units stated in the applicable letter provided by the Applicant based on Part IILA.3.a. (total number of units that receive, der will receive, and/or are entitled to receive PBRA and/or ACC and/or other long-term rental assistance, as applicable to the Development Cagy selected by the Applicant at Part IILA.3.a. of the Application): o If the rental assistance units stated at Part III.A.6.c. of the Application is zero or if the Applicant fails to answer this question (the question is blank), the Application will be classified as RA Level 6, regardless of what is stated in the applicable letter provided by the Applicant based on Part III. A.3 . a. o If the number of rental assistance units stated at Part IILA.6.c. of the Application is less than the number of rental assistance units stated in the applicable letter provided by the Applicant based on Part IILA.3.a., the computation will be accomplished utilizing the lower number of rental assistance units stated at Part III.A.6.c. of the Application. o If the number of rental assistance units stated at Part IILA.6.c. of the Application is greater than the number of rental assistance units stated in the applicable letter provided by the Applicant based on Part IILA.3.a., the computation will be accomplished utilizing the lower number of rental assistance units stated in the applicable letter provided by the Applicant based on Part IILA.3.a. If, during the "cure period" outlined in Rule 67-48.004, F.A.C., the Applicant submits a new letter reflecting a different number of rental assistance units, the computation will be adjusted utilizing the number of rental assistance units stated in the "cure" letter if (i) the new letter is otherwise acceptable, and (ii) the number of rental assistance units stated in such "cure" letter does not exceed the number of rental assistance units stated at Part III.A.6.c. of the Application. During credit underwriting, regardless of the number of rental assistance units used for the RA Level classification, all funded Applications will be L?A1016 (Rev.) 28 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft held to the number of rental assistance units stated in the applicable letter provided by the Applicant based on Part IILA.3.a. of the Application. This requirement will apply throughout the entire Compliance Period, subject to Congressional appropriation and continuation of the rental assistance program. Rental Percentage of Total Units with Number of Total Units that Receive, Will Receive, and/or Assistance Rental Assistance are Entitled to Receive Level Rental Assistance* Level 1 All units receive rental assistance At least 100 units (with the exception of up to 2 units) Level 2 Greater than 90.00°/, ^o L� Greater than 90 units Level 3 Greater than 75.00%, equal to or less Greater than 75 units than 90.000/w,a+ �� .o� ' Level 4 Greater than 50.00%, equal to or less Greater than 50 units than 75.000/w,a+ �� .o� ' Level 5 Greater than 10.00%, equal to or less N/A than 50.00%, a+ �� .o� ' Level 6** 10.00% or less of the total units N/A receive rental assistance * As applicable to the Development Cate�4oiv selected by the Applicant at Part III.A.3.a. of the Application. * *Applications Nvill be classified RA Level 6 if 10.00% or less of the total units receive rental assistance or if the Applicant fails to ineet the criteria outlined above. b. Concrete Constriction For purposes of this Application, in order for a proposed Development to be considered to be concrete constriction the proposed Development must meet the following specifications: (i) new constriction buildings must have the following poured concrete or concrete masonry elements: all exterior walls and structural elements, not to include roofs; and structural elements at and under the ground floor, as well as the ground floor itself, and (ii) existing buildings proposed for rehabilitation must have, as of Application Deadline, the elements outlined in (i) above and the rehabilitation work must include these elements. Indicate whether the proposed Development meets the requirements to be considered to be concrete constriction. L?A1016 (Rev.) 29 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 4. Applicants must select the one Development Type that best describes the proposed Development. For mixed -type Developments, indicate the type that will comprise 50 percent or more of the units in the Development. Applications requesting funding from MMRB must be for a proposed Development consisting of two (2) or more dwelling units in each residential building. Indicate whether each residential building in the proposed Development will consist of two (2) or more dwelling units. • Garden Apartments • Townhouses • High Rise (a building comprised of 7 or more stories) • Single Family Rental • Duplexes • Quadraplexes • Mid -Rise with Elevator (a building comprised of 4 stories) • Mid -Rise with Elevator (a building comprised of 5 or 6 stories) • Single Room Occupancy (SRO) • Other — Specify the type in the Addenda State the number of buildings with dwelling units that will be in the proposed Development. 6. Number of Units in Proposed Development: a. State the total number of units in the proposed Development. b. Indicate whether the proposed Development will consist of (i) 100 percent new constriction units, (ii) 100 percent rehabilitation units in an amount equal to or less than the number of units existing as of Application Deadline, (iii) 100 percent rehabilitation units in an amount greater than the number of units existing as of Application Deadline, or GO 44) a combination of new constriction units and rehabilitation units and state the quantity of each type. If applicable, the total of the new constriction units and rehabilitation units stated in 6.b. of the Application must equal the total number of units stated in 6.a. of the Application. Note: Competitive HC Developments with a Development Category of Preservation or Acquisition and Preservation may not exceed 250 total units. Corporation -issued MMRB Developments with a Development Category of New Constriction, of Redevelopment, or Acquisition and Redevelopment may not exceed 300 total units. L?a1016 (Rev.) 30 6--a6.0(WQ)(i)t 6--'1. 003(1)(i), F A.C. 8-31-12 Draft State the total number of rental assistance units (the number of units that receive, der will receive, and/or are entitled to receive PBRA, ACC and/or other form of long-term rental assistance), as applicable to the Development Category selected by the Applicant at Part III.A.3.a. of the Application. The number of units stated by the Applicant will be used to determine the Application's RA Level classification, as outlined in Part III.A.3.a. above. The number of rental assistance units must be stated at Part III.A.6.c. of the Application by the Application Deadline and cannot be revised, corrected or supplemented after the Application Deadline. If the Applicant attempts to "cure" Part IILA.6.c. of the Application during the "cure period" outlined in Rules 67-48.004 and 67-21.003, F.A.C., the Applicant's "cure" will not be considered. 7. Complete the Unit Mix chart. All units in the Development must be listed, including all manager/employee units. Number of baths per unit must indicate 1/2 baths, if applicable. If additional space is required, enter the information on the Addenda located at the end of the Application. Previous Underwriting: a. Indicate whether the proposed Development is currently being underwritten or has been underwritten previously by any Credit Underwriter under contract with Florida Housing Finance Corporation and, if known, identify the name of the Credit Underwriter. b. Indicate whether there is an existing LURA and/or EUA on any portion of the proposed Development site. If the answer is "Yes", provide the required information. 9. Indicate the status of the work proposed in this Application. HOME Applicants refer to the applicable sections of Rule Chapter 67-48, F.A.C., with regard to Development eligibility in the event that constriction has started or that the Development has been completed. Competitive HC Applicants should note that, in accordance with Section 42(h), IRC, a Development cannot be allocated Housing Credits from the state's Allocation Authority if it was placed -in service prior to the year in which it receives its allocation. If the Development is complete and the certificates of occupancy were issued on more than one date, provide a listing of the issue -date for each certificate behind a tab labeled "Exhibit 24". 10. Applications Requesting Competitive HC: L?a1016 (Rev.) 31 6--46.004(1)(i)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft Proximity tie -breaker points may be awarded to an Application for the proximity of the Develoament's Tie -Breaker Measurement Point to: eligible Transit, Tier 1 and Tier 2 services, and Latitude and longitude coordinates of properties identified on the 2013 FHFC Development Proximity List (the List) serving the same demographic group as the proposed Development. The List, effective , is incorporated by reference and is available on the Corporation's Website under the 2013 Universal Application link labeled Related References and Links. a. In order for anv Application to be eligible for proximity tie -breaker points other than those awarded based on Part III.A.IO.c.(1) below, the Applicant must submit a properly completed and executed Surveyor Certification for Competitive HC Applications form ("the Form"), provided behind a tab labeled "Exhibit 25," which includes the Tie -Breaker Measurement Point and services information requested below: (1) Tie -Breaker Measurement Point: To determine proximity, the Applicant must first identify a Tie - Breaker Measurement Point on the proposed Development site and provide the latitude and longitude coordinates determined in degrees, minutes and seconds, with the degrees and minutes stated as whole numbers and the seconds truncated after one decimal place. If the degrees and minutes are not stated as whole numbers and the seconds are not truncated after one decimal place, the latitude and longitude coordinates will not be considered. The Application may, however, still be eligible for automatic points as outlined in Part IILA.IO.c.(1) below. (2) Proximity to services: Any Transit, Tier 1 and/or Tier 2 Service that is introduced at Preliminary Scoring will be eligible for the maximum applicable points. However, any Transit, Tier 1 and/or Tier 2 Service that is introduced as part of a cure (i.e., during the "Cure" period outlined in subsection 67-48.004(6)_ F.A.C.)_ may not be eligible for the maximum proximity tie -breaker score as outlined in Part II1.A.10.b. below. (a) Transit Services Applicants may select one (1) of the following four (4) Transit Services on which to base the Applicant's Transit Score. If the Applicant provides information for more than 1 Transit Service or more than 1 of any type of Transit L?a1016 (Rev.) 32 6--46.004(1)(i)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft Service, the Applicant will not receive any proximity tie- breaker points for the Transit Service Score. (For example. Applicants are limited to selecting one Public Bus Transfer Stop, even though there may be another Public Bus Transfer Stop nearby. If the Applicant provides information for two Public Bus Transfer Stops, the Applicant will not receive any proximity tie -breaker points for either of the Public Bus Transfer Stops.) The eligible Transit Services are defined below: (i) Public Bus Stop (Maximum 2 Points) For purposes of proximity tie -breaker points, a Public Bus Stop means a fixed location at which passengers may access one or two routes of public transportation via buses. The Public Bus Stop must service at least one bus route with scheduled stops at least hourly during the times of lam to 9am and also during the times of 4pm to 6pm Monday through Friday, excluding holidays, on a year-round basis. Bus routes must be established or approved by a Local Government department that manages public transportation. Buses that travel between states will not be considered. or GO Public Bus Transfer Stop (Maximum 6 Points) For purposes of proximity tie -breaker points, a Public Bus Transfer Stop means a fixed location at which passengers may access at least three routes of public transportation via buses. Each qualifyin route must have a scheduled stop at the Public Bus Transfer Stop at least hourly during the times of lam to 9am and also durin4 the times of 4pm to 6pm Monday through Friday, excluding holidays, on a year-round basis. This would include both bus stations (i.e. hubs) and bus stops with multiple routes. Bus routes must be established or approved by a Local Government department that manages public transportation. Buses that travel between states will not be considered. NII (iii) Public Bus Rapid Transit Stop (Maximum 6 Points) L?a1016 (Rev.) 33 6--46.004(1)(i)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft For purposes of proximity tie -breaker points, a Public Bus Rapid Transit Stop means a fixed location at which passengers may access public transportation via bus. The Public Bus Rapid Transit Stop must service at least one bus that travels at some point during the route in either a lane or corridor that is exclusively used by buses and the Public Bus Rapid Transit Stop must service at least one route that has scheduled stops at the Public Bus Rapid Transit Stop at least every 20 minutes during the times of lam to 9am and also durin the times of 4pm to 6pm Monday through Friday, excluding holidays, on a year-round basis. Coil (iv) Public Rail Station (Maximum 6 Points) For purposes of proximity tie -breaker points, a Public Rail Station means a fixed location provided by a public transportation entity at which passengers may access the scheduled public rail transportation on a year-round basis. Only MetroRail located in Miami -Dade County, TriRail located in Miami -Dade, Broward and Palm Beach Counties, and SunRail located in Oran4e, Seminole and Volusia Counties will be eligible for this service. (b) Tier 1 Services (Maximum 4 Points for Each Service) Based on the Applicant's Demographic Commitment at Part III.D. of the Application, Applicants may select three (3) of the following four (4) Tier 1 Services, however, Applicants are limited to one (1) of each type of Tier 1 Service. If the Applicant provides information for more than one (1) of any type of Tier 1 Service, that Tier 1 Service will not be scored and the Applicant will not receive any proximity tie -breaker points for that Tier 1 Service. (For example, Applicants are limited to selecting one Public School, even though there may be another Public School nearby. If the Applicant provides information for two Public Schools, the Applicant will not receive any proximity tie -breaker points for either of the Public Schools.) L?a1016 (Rev.) 34 6--46.004(1)(i)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft The eligible Tier 1 Services are defined below: i) Grocery Store - For burboses of broximity tie- breaker points, a Grocery Store means a retail establishment, open to the public, without the requirement of a membership fee, consisting of 4,500 square feet or more of contia ous air conditioned space available to the public, which as its major retail function sells groceries, including foodstuffs, fresh and packaged meats, produce and dairy_ products, which are intended for consumption off -premises, and household supplies, such as Publix Super Markets, Winn Dixie Stores, Super Wal-Mart Stores, etc. "Grocery Store" does not include anv retail establishment which sells groceries in addition to its maj or retail function, such as the sale of gasoline, drugs, or sundries, where the sale of groceries is not a major retail function, based on allocated space or on gross sales, such as CVS Drw Stores, Walgreen Drug Stores, Dollar General Stores, Family Dollar Stores, etc. This service may be selected by all Applicants, regardless of the Demographic Commitment selected at Part III.D. of the Application. ii) Public School - For burboses of broximity tie- breaker points, a Public School means a public elementary, middle, junior and/or high school, where the principal admission criterion is the _ geographic proximity to the school. This may include a charter school, if the charter school is open to appropriately aged children in the radius area who apply, without additional requirements for admissions such as passing an entrance exam or audition, payment of fees or tuition, or demographic diversity considerations. This service may not be selected if the Applicant selected the Elderly Demographic Commitment at Part IILD. of the Application. (iii) Senior Center — For purposes of proximity tie- breaker points, a Senior Center means a community facility that provides a broad spectrum of services suited to the diverse needs and interests of independent older persons and is among the properties identified on the 2013 FHFC Senior L?a1016 (Rev.) 35 6--46.004(1)(i)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft Center List, effective . This list is incorporated by reference and is available on the Corporation's Website under the 2013 Universal Application link labeled Related References and Links. This service may not be selected if the Applicant did not select and qualify for the Elderly Demographic Commitment at Part III.D. of the Application. iv) Medical Facilitv - For burboses of broximity tie- breaker points, a Medical Facility means a general hospital (one that does not specialize in treating a specific class of patients or specific class of medical conditions), state or county health clinic or walk-in clinic (that does not require a prior appointment) that provides general medical treatment at least five (5) days per week to any physically sick or injured person. This service may be selected by all Applicants regardless of the Demographic Commitment selected at Part IILD. of the Application. (c) Tier 2 Services (Maximum 2 Points for Each Service) There is no limit to the number of Tier 2 Services that Applicants may select and receive points for, however, Applicants are limited to one (1) of each type of Tier 2 Service. If the Applicant provides information for more than one (1) of any type of Tier 2 Service, that Tier 2 Service will not be scored and the Applicant will not receive any_proximity tie -breaker points for that Tier 2 Service. (For example, Applicants are limited to selecting one Public Park, even though there may be another Public Park nearby. If the Applicant provides information for more than one Public Park, the Applicant will not receive any proximity tie -breaker points for either of the Public Parks. The eligible Tier 2 Services are defined below: i) Public Park — For burboses of broximity tie -breaker points, a Public Park means an outdoor public location that is at least one acre in size, is listed with and maintained by a Local Government department that manages parks, and for which no admission fee is reauired. Locations that are not intended for the L?a1016 (Rev.) 36 6--46.004(1)(i)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft general public will not be considered such as dog parks, skate parks, and golf courses. ii) Community Center — For burboses of broximity tie- breaker points, a Community Center means an air- conditioned facility that is open at least 20 hours a week, is listed with and maintained by a Local Government department that manages community centers, and in which the public may enjoy publicly sponsored social, recreational or educational activities at least five (5) days per week. iii) Pharmacv- For burboses of broximity tie -breaker points, a Pharmacy means a community_ pharmacy operating under a valid permit issued pursuant to s. 465.018, F. S., and open to the general public at least five (5) days per week without the requirement of a membership fee. (iv) Public Library - For purposes of proximity tie- breaker points, a Public Library means a library that is part of a city, county or regional public library system or a city, county or regional public library cooberative and has materials available for the public to borrow at no cost. In addition to meeting the definitions, in order to be considered for proximity tie -breaker points in this Application, the services must be in existence and available for use by the general public as of the following time frames: Service Minimum Amount of time that the service must be in existence and available for use by the General public All Transit Services except SunRail Rail As of the Application Deadline Stations SunRail Rail Stations (all acceptable coordinates outlined in (d) below and on the No time frame required Survevor Certification for Competitive HC Applications form) Public School, Medical Facilitv, Public Pail., As of the Application Deadline Communitv Center, and Public Library Grocery Store, if it is one of the followiiw: As of the Application Deadline Albertson's, Fresh Market, Harvev's, Pi�40y Wi�40v, Publix, Sav — A — Lot, Tan4et, Wal- Mart, Whole Foods, Winn -Dixie L?a1016 (Rev.) 37 6--46.004(1)(i)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft Grocer- Store, if it is not identified above: As of the Application Deadline and have been open continuously for a period of 6 months prior to the Application Deadline Pharinacv, if it is one of the following: Albertson's, CVS, Han-ev's, Kmart, Piggly As of the Application Deadline Wi�40v, Pubhx, Sav — A — Lot, Tan4et, Wahueens, Wal-Mart, Winn -Dixie Pharinacv, if it is not identified above: As of the Application Deadline and have been open continuously for a period of 6 months prior to the Application Deadline To be considered for broximity tie -breaker points_ the Form must be properly completed and executed and include the Tie -Breaker Measurement Point and the following information for each of the eliuible services for which the Abblicant is seeking broximity tie- breaker aoints names of the Tier 1 and Tier 2 Services, and • addresses of the Tier 1 and Tier 2 Services, and • the latitude and lonuitude coordinates of the Transit Service, the Tier 1 Services and the Tier 2 Services, and • the distance between the Tie -Breaker Measurement Point and the Transit Service, each Tier 1 Service and each Tier 2 Service. The latitude and lonuitude coordinates for all Proximitv Services must represent a point as outlined below. The coordinates for each service must be stated in degrees, minutes and seconds, with the gees and minutes stated as whole numbers and the seconds truncated after one decimal place. If the degrees and minutes are not stated as whole numbers and the seconds are not truncated after one decimal place, the Applicant will not be eligible for proximity tie -breaker points for that service. d) The following chart describes the location where the latitude and longitude coordinates must be obtained: Service Location of latitude and lon itude coordinates Grocenti- Store, Public Coordinates must represent a point that is on the doonvay School, Medical Facilitv, threshold of an exterior entrance that provides direct Common itv Center, Senior Center, Public public access to the building_ where the seivice is located. Libranti- and Pharmacy Public Park Coordinates must represent a point that is on the L?a1016 (Rev.) 38 6--46.0(4(l)(i)t 6--'1. 003(1)(i), F A.C. 8-31-12 Draft premises: however, the point may not be located in the parking lot, street, or am- area that is not intended for recreational activities. Additionally, if perimeter of the area intended for recreational activities is enclosed, the coordinates must represent the public ingress/egress point of entn- to the enclosed area. Public Bus Stop, Public With the exception of SunRail Rail Stations, coordinates Bus Rapid Transit Stop, must represent the location where passengers may embark Public Bus Transfer Stop and disembark the bus or train. SunRail Rail Stations and Public Rail Station coordinates must represent the coordinates listed below: Station Name Latitude/Longitude Coordinates Altamonte Springs Station N 28 39 50.1, W 81 21 23.4 Church Street Station N 28 32 20.3, W 8122 50.6 DeBan- Station N 28 51 20.3, W 81 19 24.1 Florida Hospital Station N 28 34 21.8, W 8122 17.4 Lake Matti- Station N28 45 31.8, W 81 19 04.3 Longwood Station N 28 42 04.1, W 8120 43.4 LYNX Central Station N 28 32 52.2, W 8122 51.0 Maitland Station N 28 38 03.7, W 81 21 44.7 Orlando Amtrak/ORMC Station N 28 31 39.5, W 8122 5 Sand Lake Road Station N 28 27 11.3, W 8122 1.0 Sanford/SR46 Station N 28 48 49.8, W 81 17 56.9 Winter Park/Park Ave Station N 28 35 51.5, W 81 21 6.0 If there is no exterior bublic entrance to the Tier 1 or Tier 2 Service, then a point should be used that is at the exterior entrance doorway threshold that is the closest walking distance to the doorway threshold of the interior public entrance to the service. For example, for a Pharmacy located within an enclosed shoe mall stricture that does not have a direct public exterior entrance, the latitude and longitude coordinates at the doorway threshold of the exterior public entrance to the enclosed shopping mall that provide the shortest walking distance to the doorway threshold of the interior entrance to the Pharmacv would be used The Abblicant may not use anv Tier 1 or Tier 2 Service for multiple point items unless they are separate functioning services that are housed at the same location. For instance, an Applicant may not use a Senior Center as both a Senior Center and a Community Center. However, Applicants may use the same latitude and longitude coordinates for the Grocery Store, Medical Facility and/or Pharmacy if the Grocery Store_ Medical Facilitv and/or Pharmacv is housed at the same location L?a1016 (Rev.) 39 6--a6.0(WQ)(i)t 6--'1. 003(1)(i), F A.C. 8-31-12 Draft Applicants are encouraged not to list the information for an eligible service on the Surveyor Certification form if the service is not close enough to the proposed Development's Tie -Breaker Measurement Point to warrant proximity tie- breaker points. b. Scoring: To be eligible for proximity tie -breaker points other than those awarded as outlined in Part IILA.l0.c.(1) below, a properly completed and executed Form must be submitted. The distances between the Tie -Breaker Measurement Point and each service, as certified by the Surveyor on the Form, will be the basis for awarding proximity tie -breaker points. Failure to provide the distance for any service will result in zero points for that service. (1) DOT Tier 1 Proximity Score Boost Applications that meet the criteria outlined at Part IILA.2.e. of the Instructions, i.e., the Applicant demonstrates that the Application involves a site(s), where all of the units will be located, that have an existing Declaration of Trust (DOT) between a PHA and HUD and selected and qualified for a Development Category of New Constriction, Rehabilitation (with or without Acquisition), or Redevelopment (with or without Acquisition), will qualify for the DOT Tier 1 Proximity Score Boost. Such Applications will have 4 points added to their Tier 1 Service Score, so long as the total Tier 1 Service Score does not exceed 12 points. (2) A 0.50 point reduction will be applied to each applicable service if any of the following occur, regardless of the reason: The Applicant introduces both an address and coordinate(s) (i.e., latitude and/or IongitLude) for a Tier 1 Service and/or a Tier 2 Service as part of a Cure, with one exception. That exception being that, if both the address and coordinate(s) (i.e., latitude and/or longitude) for a Service are introduced at Cure, but the distance for the Service as originally stated on the Form at Preliminary Scoring has not changed, the point reduction will not apply, or The Applicant introduces both a different type of Transit Service and coordinate(s) (i.e., latitude and/or longitude) as part of a Cure. (3) Transit, Tier 1 and Tier 2 Scoring Charts: L?A1016 (Rev.) 40 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (a) Transit Service Scoring Charts: Public Bus Stop Proximity of Proposed Development's Tie -Breaker Proximity Tie- Breaker Points Awarded for EhOble Service Proximity Tie - Breaker Points Measurement Point to a Public Awarded for EhOble Service Bus Stop Stated on the Form introduced at Prelmlmary Scoring introduced as part of a Cure if less than or equal to 0.20 2 1.5 miles if greater than 0.20 and less 1_5 1 than or equal to 0.30 miles if neater than 0.30 and less 1 0_5 than or equal to 0.40 miles if neater than 0.40 and less 0_5 0 than or equal to 0.50 miles if greater than 0.5 miles 0 0 Public Rail Station, Public Bus Transfer Stop, or Public Bus Rapid Transit Stop Proximity of Proposed Proximity Tie- Breaker Points Awarded for EhOble Service Proximity Tie - Development's Tie -Breaker Breaker Points Measurement Point to Public Awarded for EhOble Service Rail Station, Public Bus Transfer Stop or Public Bus introduced at Preliminary Scoring introduced as part of a Cure Rapid Transit Stop Stated on the Form if less than or equal to 0.25 6 5_5 miles if neater than 0.25 and less than or equal to 0.50 miles=� if greater than 0.50 and less 4=� thanOr equal to .75 miles if neater than 0.75 and less 4_5 4 than or equal to 1.00 miles if greater than 1.00 and less 4 3.5 than or equal to 1.25 miles if greater than 1.25 and less 3_5 3 than Or ec ual to 1.50 miles if neater than 1.50 and less 3 2.5 than or equal to 1.75 miles if greater than 1.75 and less 2=� than or equal to 2.0 miles if greater than 2.0 miles 0 0 t?A1016 (Rev.) 41 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Tier 1 Services Scorin4 Charts: Grocer- Store and Medical Facilitv Proximity of Proposed Proximity Tie- Breaker Points Awarded for Eh bl Proximity Tie - Breaker Points Awarded for EhOble Service Development's Tie- Breaker Measurement Point to eh�4ible Tier 1 Service introduced at Service(s) statedon the Prelmlmary Scoriiw introducedas part Form of a Cure if less than or equal to 4 — 3.5 0.25 miles if greater than 0.25 and 3_5 3 less than or equal to 0.50 miles if greater than 0.50 and 3 2.5 less than or equal to 0.75 miles if neater than0.75 and 2_5 2 less than or equal to 1.00 miles if greater than 1.00 and 2 1_5 less than or equal to 1.25 miles if neater than 1.25 and 1.5 1 less than or equal to 1.50 miles if greater than 1.50 and 1 0_5 less than or equal to 1.75 miles if neater than 1.75 and 0.5 0 less than or equal to 2.00 miles if neater than 2.00 miles 0 0 Public School Proximity of Proposed Development's Proximity Tie- Breaker Points Awarded for EhOble Proximity Tie -Breaker Points Awarded for EhOble Service introduced Tie -Breaker Measurement Point to eliOble Service introduced at as part of a Cure Preliminary Scoriiw Tier 1 Service(s) stated on the Form if less than or equal to 0.50 miles 4 3.5 if greater than 0.50 and less than 3 2_5 or equal to 1.00 miles if ereater than 1.00 and less than 2 1.5 or equal to 1.50 miles if neater than 1.50 and less than 1 — 0.5 L?A1016 (Rev.) 42 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft or equal to 2.00 miles if greater than 2.00 miles 0 0 Senior Center Proximity ofPro posed Proximitv Tie- Proximitv Tie - Breaker Points Awarded for EhOble Development's Tie -Breaker Breaker Points Measurement Point to the Awarded for Eligible Service eligible Senior Center stated Service introduced as the Form introduced at Preliminary SCOrm$ part of a Cure if neater than 0 and less 4 35 than or equal to 1.00 mile if greater than 1.00 and less 3 2_� than or equal to 2.00 miles if neater than 2.00 and less 2 1=� than or equal to 3.00 miles if greater than 3.00 and less 1 0_5 than or equal to 4.00 miles if greater than 4.0 miles 0 0 (c) Tier 2 Services Scoring Charts: Public Park, Communitv Center, Pharmacv and Public LibEM Proximitv of Proposed Proximitv Tie- Proximitv Tie -Breaker Development's Tie -Breaker Breaker Points Points Awarded for Measurement Point to Awarded for EhOble Service EhOble Service introduced as part of a eli6ble Tier 2 Service(s) stated on the Form introduced at Cure Preliminary SCOrm$ if less than or equal to 0.25 2 1.5 miles if neater than 0 .25 and less 1.75 1.25 than or equal to 0.50 miles if greater than 0.50 and less 1_5 1 than or equal to 0.75 miles if neater than 0.75 and less 1.25 0.75 than or equal to 1.00 miles if greater than 1.00 and less 1 - 0.50 than or equal to 1.25 miles if neater than 1.25 and less 0.75 0.25 than or equal to 1.50 miles if neater than 1.50 and less 0.50 0 than or equal to 1.75 miles if greater than 1.75 and less 0.25 0 than or equal to 2.00 miles if greater than 2.00 miles 0 0 Proximity to the closest Development latitude and longitude coordinates identified on the List. (Maximum 10 proximity tie -breaker points) L?A1016 (Rev.) 43 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (1) Applications will automatically receive 10 proximity tie -breaker aoints for this section of the Universal Application if at least one of the following criteria is met: a) An Application that proposes a Development in a Larue County, the location of the proposed Development qualifies as an Urban In -Fill Development at Part IILA.2.d. of the Application, and either the proposed Development (i) does not qualify as an LDA Development at Part III.E. l.b.(1) of the Application, or (ii) qualifies as an LDA Development AND is classified as RA Level 1 or RA Level 2*. (b) An Application that proposes a Development in a Medium - Large County (county designated as ML on the County Set - Aside Unit Limitation chart located at Section 1 l.c. of the Rankine and Selection Criteria section of the Instructions)_ the location of the proposed Development (i) qualifies as an Urban In -Fill Development at Part III.A.2.d. of the Application, and (ii) is classified as a DDA and/or QCT as outlined in Part IILA.2.j.(1). Additionally, the proposed Development either (i) does not qualify as an LDA Development at Part III.E. l.b.(1) of the Application or (ii) qualifies as an LDA Development AND is classified as RA Level 1 or RA Level 2*. The Applicant selected and aualified for the Homeless Demographic Commitment at Part IILD. of the Application and the proposed Development either (i) does not qualify as an LDA Development at Part III.E.l.b.(1) of the Application or GO qualifies as an LDA Development AND is classified as RA Level 1 or RA Level 2*. d) The Abblicant selected and aualified for the Rehabilitation or Acquisition and Rehabilitation Development Category at Part III.A.3.a. of the Application and the proposed Development (i) involves the Rehabilitation of an existing, occupied residential rental property in operation as of the Application Deadline, and (ii) does not qualify as an LDA Development at Part III.E. l.b.(1), and (iii) is classified as RA Level 1. 2. 3_ or 4*. (e) The Applicant selected and qualified for the Preservation or Acquisition and Preservation Development Category at Part IILA.3.a. of the Application where G) the proposed Development qualifies as an LDA Development at Part L?A1016 (Rev.) 44 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft III.E.l.b.(1) and (ii) is classified as RA Level 1 or RA Level 2*. (f) The Applicant selected and qualified for the Preservation, Acquisition and Preservation, Redevelopment, or Acquisition and Redevelopment Development Category at Part III.A.3.a. of the Application and (i) the proposed Development does not qualify as an LDA Development at Part III.E.l.b.(1) and (ii) is classified as RA Level 1, 2, 3, or 4*. The Applicant selected and qualified for the Persons with Special Needs Demographic Commitment at Part IILD. of the Application. * RA Levels are described in Part 1I1.A.3.a. above. If the Abblication meets at least one of the above criteria for automatic proximity tie -breaker points, to be eligible for the automatic points the Applicant must check one of the appropriate stated criteria at Part IILA.10.b.(1) through (7) in the Application. If the Application does not qualify for automatic proximity tie- breaker points, the Applicant should indicate it does not meet the criteria by checking Part III.A.10.b.(8) in the Application. 2) If the Abblication is not eliuible for automatic 10 broximity tie- breaker points, in order to determine whether the proposed Development's Tie -Breaker Measurement Point meets the criteria for a distance of within 1.25 miles, 2.5 miles or 5 miles of a Development on the List serving the same demographic group, the Applicant, using Street Atlas USA 2012, should follow the steps outlined below. For purposes of this provision, same demographic refers to Family demographic, Homeless demographic, Farmworker/Commercial Fishing Worker demographic, Elderly non-ALF demographic, Elderly ALF demographic, and Persons with Special Needs demographic. a) Select the "Advanced" search button on the "Find" tab_ to the right of the "Advanced" button select "Latitude/ Longitude" from the drop down menu under "Find:", check the "MapTags" box, enter the latitude and longitude coordinates for the proposed Development's Tie -Breaker Measurement Point in the appropriate blanks to the right and then click the "Search" button. A "MabTau" with the entered coordinates will then appear in the appropriate location. L?A1016 (Rev.) 45 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft b) For each Development on the List that serves the same demographic group as the proposed Development which is in proximity to the proposed Development's Tie -Breaker Measurement Point, repeat the steps stated above to display MapTags for the Development(s). For those Developments on the List that have more than one set of latitude and longitude coordinates, the Corporation will use the coordinates that represents the closest location to the proposed Development's Tie -Breaker Measurement Point as the location of the Development from the List for the purposes of awarding proximity tie -breaker points. Select the "Draw" tab. Under "Tools", select the circle or, if there is no circle, click and hold the left mouse button and this will provide several shape options, one of which is a circle. To the right, use the thinnest line possible, select "None" as the fill color for the circle and choose a color such as black for the outline. Enter the latitude and longitude coordinates for the proposed Development's Tie - Breaker Measurement Point in the space provided, and then enter, as appropriate, 1.25, 2.5 or 5 miles for the radius. Upon selecting the "Apply" button, the software will draw a circle, with the radius entered, around the Tie -Breaker Measurement Point. d) If the tib of anv of the MabTaus entered for the Developments on the List are within the drawn circle or, when the map is zoomed in as far as possible, if the tip of any of the entered MapTags appears to the naked eye to be on the drawn line of the circle, the Applicant can conclude that the Tie -Breaker Measurement Point is within whatever the distance entered for the radius of the circle of a Development from the List. The tip of a MapTag is the point of the MapTag that denotes the actual location of what the MapTag represents. For purposes of the following, a proposed Development qualifies as an LDA Development if it meets the provisions described in Part III.E.l.b.(1) of these instructions. Proximity tie -breaker points for the proximity of a Development's Tie -Breaker Measurement Point to Developments on the List that have the same demographic group will be awarded according to the following: L?A1016 (Rev.) 46 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft • Column A, based on the proximity of the proposed Development to Developments on the List if the proposed Development qualifies as an LDA Development. • Column B, based on the proximity of the proposed Development to Developments on the List which consist of 31 total units or more if the proposed Development does not qualify as an LDA Development. • Column C, based on the proximity of the proposed Development to Developments on the List which consist of 30 total units or less if the proposed Development does not qualify as an LDA Development. If the location of a proposed Development is such that both Columns B and C would apply, the Application will be awarded points based on either Column B or Column C, whichever is the lesser point value. Column A Column B Column C Proximity Tie -Breaker Points Less than or equal to Less than or equal to Less than or equal 0 - 1.0 mile 0.5 mile to 0.25 mile Greater than 1.0 and Greater than 0.5 and Greater than 0.25 2 4 6 8 10 - less than or equal to less than or equal to and less than or 2.0 mile 1.0 mile equal to 0.5 mile Greater than 2.0 and Greater than 1.0 and Greater than.50 less than or equal to less than or equal to and less than or 3.0 miles 1.5 miles equal to 0.75 miles Greater than 3.0 and Greater than 1.5 and Greater than 0.75 less than or equal to less than or equal to and less than or 4.0 miles 2.0 miles equal to 1.0 miles Greater than 4.0 and Greater than 2.0 and Greater than 1.0 less than or equal to less than or equal to and less than or 5.0 miles 2.5 miles equal to 1.25 miles Greater than 5.0 Greater than 2.5 Greater than 1.25 miles miles miles An Application will be awarded proximity tie -breaker points based on its proposed Development's Tie -Breaker Measurement Point proximity to the latitude and longitude coordinates of the Developments on the List that serve the same demographic group. 3) The Abblicant's total proximity score_ comprised of the Applicant's Transit Score, Tier 1 Service Score, Tier 2 Service Score, points earned in section 2.c. above and inclusive of any boost earned in section 2.b.(1) above, will be used to assign Proximity Levels. Minimum proximity score requirements and Proximity Levels are described in more detail in the Ranking and Selection Criteria section of these Instructions. d. Challenging Proximity Scoring: ITAI016(Rev. ) 47 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (1) Challenging Distance between the Tie -Breaker Measurement Point and a Service, but not the latitude or longitude coordinates provided for the Tie -Breaker Measurement Point or Services - An Applicant that wishes to notify the Corporation, through a NOPSE or NOAD, of inaccurate distances between the latitude and longitude coordinates for a service and the Tie -Breaker Measurement Point must at a minimum provide a certification from a Florida licensed surveyor, not related to any party of the Applicant or the Developer submitting the NOPSE or NOAD, which states: (i) the name of the Development in question, and (ii) the correct number of miles (rounded up to the nearest hundredth of a mile) it is from the latitude and longitude coordinates for the service to the Tie -Breaker Measurement Point. The surveyor's certification must be signed and dated by the surveyor under oath and must be a document separate from the Form. The Corporation will determine whether this information will cause a change in the score of the challenged Application. (2) Challenging Distance between the Tie -Breaker Measurement Point and a Service, as well as the latitude and/or longitude coordinates provided for the Tie -Breaker Measurement Point and/or Services - An Applicant that wishes to notify the Corporation, through a NOPSE or NOAD, of inaccurate distances between the latitude and longitude coordinates for a service and the Tie -Breaker Measurement Point as well as the latitude and/or longitude coordinates provided for the Tie -Breaker Measurement Point and/or Services provided by another Applicant must at a minimum provide a certification from a Florida licensed surveyor, not related to any party of the Applicant or the Developer submitting the NOPSE or NOAD, which states: G) the name of the Development in question, (ii) the correct number of miles (rounded up to the nearest hundredth of a mile) it is from the latitude and longitude coordinates for the service to the Tie -Breaker Measurement Point, Gii) that the provided latitude and longitude coordinates for the Tie -Breaker Measurement Point or a specified service do not represent a point that was obtained by the method described in Part III.A.10.a.(2)(d) above, and (iv) the latitude and longitude coordinates that were obtained by the method described Part IILA.l0.a.(2)(d) above that provide the most proximity tie -breaker points that the Applicant could have received for the service. The latitude and longitude coordinates should be stated in deuees, minutes and seconds truncated after one decimal place. If the seconds are not stated to one decimal place, the Corporation will utilize "0" for the missing decimal. The surveyor's certification L?A1016 (Rev.) 48 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft must be signed and dated by the surveyor under oath and must be a document separate from the Form. Also, if challenging the latitude and longitude coordinates of a service, the surveyor must provide a sketch of the service, which does not have to be to scale, showing: the exterior walls of the building sheltering the service, if applicable, the latitude and longitude coordinates provided in the Form and the public entrances they represent, and identifying the location of the alleged inaccurate latitude and longitude coordinates for the service provided in the Application or in an Applicant's cure. The Corporation will determine whether this information will cause a change in the score of the challenged Application. (3) Challenging the Eligibility of a Service - An Applicant that wishes to challenge whether a service meets the definition outlined in Part IILA.10.a.(2) above may submit a NOPSE and/or NOAD pursuant to subsections 67-48.004(4) and 67-48.004(7), F.A.C. ■. • L?A1016 (Rev.) 49 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft L?A1016 (Rev.) 50 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft T4e— _ F 6 A„-.,..-de.l Tip, R,-e.,l-e,-Me s,,,-e,,,e„t Pa44 to ., U„lJ;,. Bus Stop Stated , the C,,,t-eye,-Bf-epAie 0 Ge,+44eat;.,,., Fe,-- !''.,,, i7!'' pet;t;,-e A,-.,-.lieatiaosF ,-.,, ;F less tl,.,,, .,l t., tl 2 „leS O ;F m,-e.,te,- tl,.,,, tl ., 2 ,,.1 less tl,.,,, .,I 44- a b E) ;F m,-e.,te,-,.,,, tl ., 2 ,,.1 less tl,.,,, .,I tl 47 a b ._E) t., tl 1 „I e� ;F m,-e.,te,- tl,.,,, tl ., 1 ,,.1 less tl,.,,, .,I a b E) to 0.5 ,,,;leS if gw ,- tetl,,,,, (): +nile 4 OF lef L?A1016 (Rev.) 51 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft U,-w-;,,,;t.- U,-.,,-,.,so.l Tlo.-ol.,..,,,o„t's Tie U,-wi4n t.- T4c- _ f-eF 1"1 44S A„ of Uoim to U„hl;e Bus T,-aosf ,- Stop .,,-U„lJ;,. Bus Rapid T,-.,,,s;t S40PPAie CtHWd ., , tho C,,,t-o.-.,,- (;@+4if46 ,t;.,,, f@ !'.,RVOt;tiVO 11 '.. l;t; F F.,,-,,, if loss tl,.,,, ., .,l t., 25 , ,;los ;F tl,.,,, 'l: loss tl,.,,, ., .,l to ' a gwato,- Hod Hoe- ;F m,- o.,to,- tl,.,,, .,.1 lo�� th.,., ., .,I to Y a b +H4e-s .�``.f^^ ^7loss tl,.,,, ., .,l to1 tl ;F m,-o.,to,- tl,.,,, : a b Hod +H4e-s .�``.f^^ ;F m,-o.,to,- tl,.,,, 1.0 .,.,.1 loss tl,.,,, A .,l t., 1.25 a b +H4e-s .�``.f^^ ;F m,-o.,to,- th.,,1 1 25 al,.1 loss tl,.,., A .,l t., 1 a b +H4e-s .�``.f^^ ,.1 ;F m,-o.,to,- tl,.,,, 1.5 , loss tl,.,,, ., .,l to 1.75 a b +H4e-s .�``.f^^ ;F mo.,to,- tl,.,,, 1.75 .,,,.1 tl,., loss ,, As .,l to '1 tl a b,-'7 +H4e-s .�``.f^^ if b m,-o.,to,- tl,.,,, 2.0 , ,; los A OF L?A1016 (Rev.) 52 6-a6 UUA(l)(i), 0--21.003(l)(i), F_A C. 8-31-12 Draft ApplieatioosF ,-.,, ;Floss tl,a „ to l,: ,.,;lost= a loss t1,a ;F m,-@Hto,- t1,.,,, 125 a b miles Hod a .,l to 25 , „los ;F m,-@Hto,- t1,.,,, 'l:.,w loss t1,a to a b o a ;F m,-@Hto,- t4a+ .'w loss tl,a to a b o a -�iiaxc$ ;F t1,.,,, ^7: lo�� t1,a to gfeato,- a atid- o a l n .,,;low ;F ,�,-o„to,- tl,,,,, l ,, n ,,,a loss tl,,,,, „ to 4 a al b 1 '1G .,,;low ;F m,-eato,- t1,a 1.25 .,,,.1 loss t1,a a b E) a ;F m,-eato,- .',.1 ., t t1,a 1 : , loss t1,a a b o a 1 ;F m,-@Hto,- loss t1,a .,l t1,a 1.75 a b Hod o t., '1 (1 , ,;low arr. cr�ian� b t4a 2.0 , „los 8 * A„ Applioatia 0.-0s t4at tl„s , o„t ., .- be aeti F.,,-,-e � fewooe „-60„ , mot;„b,- 41 tl,o frnr� r lRsn„tlioed eligible 41 tl,o ., D.,4iog, ,,.1 Coleetia b Gr ter4a Seetiao. ITA1016(Rey. ) 53 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft L?A1016 (Rev.) 54 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft U,-.,,-,osed Tlo.-ol.,p,,,o„t's Tie U,-w-;, io, T;o R,-oe& of T�1o., �,,,-o.,,o.,t P@44 to ol;m;L.lo T;o,- 1 R,.o.,1-0,. UAiIi#q -r se .,,, -iee(s) b t4e C,,,t-e -@ A„-.,,-ded F ,- (;@+444eatio stated Fe,--!''.,,,,pot;t;,-o i7!'' xvr F.,6 R1;m;L.lo Applie.,tiaos F ,.,,, ro ;Floss tl,.,,, .,1 t., 25 ,,;10s 4 o ;F tl,.,,, : loss '1 tl,.,,, .,1 to' a gwato,- Hod o .�`.f^^ *41es ;F lo�� th.,., ., .,1 tE) ^75 gwato,-tl,.,,, Hod a .�`.f^^ *41es ;F tl,.,,, ^7: loss tl,.,,, .,1 to a gwato,- Hod o 1.0 +n los ;F loss tl,.,,, 1.0 tl,.,,, .,1 to a gwato,- Hod o 4,245 .,,;low ;F loss tl,.,,, 1.25 tl,.,,, .,1 to a gwato,- Hod o 1 ;lo r.�-ziaxc$ ;F tl,.,,, 1 : .' loss tl,.,,, .,1 to } a gwato,- Hod o ;F tl,.,,, 1.75 WSS tl,.,,, .,1 to a b feat ff H+l1 O 2 n .,,;low a gw ,- totl,,,,, 2.0 , „10s 4 L?A1016 (Rey.) SS 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Seftior Cente R,-eP@44 to the l Re.,l-e,-Ug;.,t� eligible,- � _ yr z ;F g,-e.,te,- th.,,, 0 less th.,,, g .,l to 1.0 Hod a b .�.f^ mik_ ;F g,-e.,te,- th.,,, 1 ., 0 less th,, g .,l to a b Hod 2.0 ,i„es crzalxca ;F g,-e.,te,- th.,,, '1 ., 0 less th,, g .,l to a b Hod -rcrziaxca ;F g,.e.,te,. th.,,, ' .,W WSS th.,,, .,l to a b _ .O OF r, crzimca if b g,-e.,te,- th.,,, 1.0 , „les L?A1016 (Rev.) 56 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft R,-o.,bo..- U.,;„t t@ ol;bm;lJo T;o,- R,-epAie,-U.,;.,t� tho C,,,t-e -@ 2 se-iee(s) � A„-.,..-ded F ,- xvr EH6 RI;m;L.lo ro stated o Ge+444eatiao Fe,--!''.,,,,pot;t;,-o i7!'' ApplieatiaosF ,-.,, ;F loss tl,a t., 25 o a mil ;F tl,.,,, : loss tl,.,,, 'lto �j a gwato,- Hod o a ;F m,-eato,- tl,a .'od loss th.,,, to a b o a -�iiaxc$ ;F tl,.,,, ^7: loss tl,.,,, to 4,245 a gwato,- Hod o a ; l o 4414 ;F tl,.,,, 1 0 loss tl,.,,, to } a gwato,- Hod o a ;F loss tl,.,,, t ., tl,a 1.25 .74 a gwato,- al Hod o 1 ;lo r.�ziaxc$ tl,.,,, 1 : .' l,.,,, ;F loss tto a gwato,- Hod o a 1 '7G .,,;low ;F m,-oHff tl,.,,, 1.75 WSS tl,.,,, to a b H+11 O al „ '1-crzimiles raxca if gwato,- tl,.,,, 2.0 miles L?A1016 (Rev.) 57 6-a6 UUA(l)(i), 0--21.003(l)(i), F_A C. 8-31-12 Draft . . .......... . ..... . ...... MUMMUMMIM.M. M-M. Emrarain mamn, L?A1016 (Rev.) 58 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft ml ..„ ee�e:s�ersr� . . eirx�n L?A1016 (Rev.) 59 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft L?A1016 (Rev.) 60 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft . . 1 U ROMWA■ . ■. r r r MIME PiAM ■ r W-1 P., .. b L?A1016 (Rev.) 61 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft ■ • ,Am. IN I No I ■ �- - - ' ■ L?A1016 (Rev.) 62 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft • ,,. ._ ■ ■ NO ■ ■ 11 L?A1016 (Rev.) 63 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Tip, 1?ro�l�or D, t Less s 41.an. �.-.-r�1 ,.I 4.. Y-4+++Ae' Less s than o ,.I to 4_5_ @' Less s than •to G oo "-patAlf ♦1.,.14I n ,..,A less than o equal 0 • • "Tonto.- thRaq 0.5) ,..,A loratha ft O ,,.I to n • • 1-44,140 .tea 1p"", l.all o "I��+ik- r o„tor th,,,, 7 n .,,,A less than o equal 40 "_-PRtor thRM I 0 .,,,A loran tha ft O ,,.I to (-onto tl.nv. 5)0 .4a 1p"", l.RI4 o ocjcaxr-rccr-r 4 4 4 "—onto.- thR14 4 0 ,..,A less than o equal 0 "—onto.- thR14 I c ,..,A less than o equal to "—onto.- thR14 .tea 1p"", l.RI4 o thR14 ra n ,. less than o equal to thR14 2 n al less than o equal to thR14 I n .tea 1p"", l.RI4 o flh,... c n i@4 l o,.to. thR14 2 c ffm4es ffm4es W1,11"EM-1111111i ION 1 , IN♦ ♦ ♦ ♦ 1 1 I I TA1016 (Rev. ) 64 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft M rill. r�rs�s��ssxr��ss�E��s�eirx� . ■ ■ B. Construction Features and Amenities All Required Features and Amenities and all Optional Features and Amenities selected by the Applicant, as well as the Applicant's Energy and Green Building commitments, will be included in the Land Use Restriction Agreement and/or Extended Use Agreement and must be maintained in order for the Development to remain in compliance unless the Board approves a change. The quality of the features and amenities required for all Developments and selected by the Applicant in this Application are subject to approval of the Board of Directors. Required General Features and Amenities for All Developments (Threshold). In addition to meeting all building code, Fair Housing Act, and Americans with Disabilities Act requirements for MMRB, HOME and HC Applications, and the HQS Guidelines and Section 504 of the Rehabilitation Act of 1973 for HOME Applications, all units for the type of Development indicated must have the following general features and amenities: a. All Units in All Developments: - Low-VOC paint for all interior walls (50 grams per liter or less for flat paint; 150 grams per liter or less for non -flat paint)*; - Water Sense certified faucets, Water Sense certified toilets, and shower heads with flow of 2.2 gallons per minute or less in all bathrooms (for L?A1016 (Rev.) 65 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft all new constriction units and for all rehabilitation units, if replacing); - Replacement of all jalousie (louvered) windows and doors with code compliant non jalousie windows and doors in all rehabilitation units; - Window covering for each window and glass door inside each unit; - Termite prevention and pest control throughout the entire affordability period; - Entrance door must have two peepholes, one at standing eye level and one at seated eye level, not more than 43 inches from bottom of door; - Air conditioning with a minimum SEER rating of 14 (excluding buildings with central chiller system). Window air conditioning units are not allowed; however, through -wall air conditioning units with a minimum EER rating of 10 are permissible for rehabilitation units); - Exterior lighting in open and common areas. * All rehabilitation units must meet this requirement for anv interior Nvalls to be painted as a part of the rehabilitation scope or any other future paintnl4 activities. b. All Units in All Developments Except SRO: - Cable or satellite TV hook-up in each unit and, if the Development offers cable or satellite TV service to the residents, the price cannot exceed the market rate for service of similar quality available to the Development's residents from a primary provider of cable or satellite TV; - Full-size range, oven and Energy Star qualified refrigerator in all units; - At least two full bathrooms in all 3 bedroom or larger new constriction units; - Bathtub with shower in at least one bathroom in at least 90% of the new constriction non -Elderly units; All SRO Developments: - Minimum unit size of 110 square feet; - Each unit must contain at least one full size single bed, a lockable storage compartment or chest of drawers and a vertical clothes closet measuring at least three feet wide; - Each unit must contain a sink; - At least one set of bathroom facilities for every 16 units (each bathroom facility must contain a ratio of at least one sink, one shower with curtain or door and one toilet with door for every 4 units); - Community center or meeting room featuring a television with cable or satellite TV hook-up; - Public transportation within 1/2 mile. L?A1016 (Rev.) 66 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Indicate whether the Applicant commits to provide all required features and amenities for the proposed Development. Applicant must select "Yes" to be considered for participation in any program. 2. Required Universal Design and Visitability Features (Threshold) All universal design and visitability features must meet the specifications outlined in the FHFC Universal Design and Visitability Manual (the Manual). The Manual, effective 11-3 2010, is incorporated by reference and available on the 2013 2011 Universal Application link labeled Related References and Links. a. For all new constriction units: In addition to meeting the requirements outlined in Item IILB.1. above, all proposed Developments that involve any new constriction units, regardless of which Development Category was selected at Part III.A.3.a. of the Application, must include the universal design and visitability features and amenities outlined in Part A.1. of the Manual in all of the new constriction units. If the proposed Development will include any new constriction units, the Applicant must (i) state the number of new constriction units at Part IILA.6. of the Application and (ii) commit at Part IILB.2.a. of the Application to provide all required universal design and visitability features in all of the new constriction units in the proposed Development. If this provision applies to the proposed Development, the Applicant must select "Yes" to be considered for participation in any program. b. For all rehabilitation units: In addition to meeting the requirements outlined in Item IILB.1. above, all proposed Developments that involve any rehabilitation units, regardless of which Development Category was selected at Part III.A.3.a. of the Application, must include in all of the rehabilitation units as many of the universal design and visitability features and amenities outlined in Part B.1. of the Manual as structurally and financially feasible within the scope of the rehabilitation work. The feasible features will be based on a capital needs assessment performed during the credit underwriting process. If the proposed Development will include any rehabilitation units, the Applicant must (i) state the number of rehabilitation units at Part III.A.6. of the Application and (ii) commit at Part IILB.2.b. of the Application to provide all feasible universal design and visitability features in all of the rehabilitation units in the proposed Development. If this provision applies to the proposed Development, the Applicant must select "Yes" to be considered for participation in any program. L?A1016 (Rev.) 67 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 3. Optional Features and Amenities (Maximum 31 Points) To be eligible for points, all items selected must be located on the Development site. In addition, if the proposed Development will consist of Scattered Sites, to be eligible for points, the Applicant must commit to locate each selected feature and amenity that is not unit -specific on each of the Scattered Sites, or no more than 1/16 mile from the Scattered Site with the most units, or a combination of both. Selecting these items commits the Applicant to provide them, unless the Board approves a change. Points will be awarded as indicated for each item up to the maximum allowed for each particular section, as indicated below. The point value for each feature and amenity selected by the Applicant in Optional Features and Amenities sections 3.a., 3.b. and 3.c. at Part IILB. of the Application will be doubled if the proposed Development consists of 49 or fewer total units. The points awarded for Optional Universal Design and Visitability Features (Section 3.d. at Part III.B. of the Application) are excluded from this provision. The maximum available points for the Optional Features and Amenities section is as listed below: a. Optional General Unit Features and Amenities for all new constriction units and all rehabilitation units, regardless of the Development Category selected at Part III.A.3.a. of the Application (maximum 9 points) b. Optional Features and Amenities for all Developments Except SRO (maximum 12 points) Optional Features and Amenities for SRO Developments (maximum 12 points) d. Optional Universal Design and Visitability Unit Features (10 points) To be eligible for these additional points, the Applicant must commit to (i) provide all of the Optional Universal Design and Visitability features outlined in Part A.2. of the Manual in at least 15 percent of the new constriction units in the proposed Development, and (ii) provide as many of the Optional Universal Design and Visitability features outlined in Part B.2. of the Manual in at least 15 percent of the rehabilitation units in the proposed Development as structurally and financially feasible within the scope of the rehabilitation work. The feasible features will be based on the capital needs assessment performed during the credit underwriting process. L?A1016 (Rev.) 68 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft The inclusion of the Optional Universal Design and Visitability features in at least 15 percent of the new constriction and rehabilitation units is in addition to the federal requirement of Section 504 of the Rehabilitation Act of 1973 that five (5) percent of all units be fully handicapped accessible. 4. Energy Features (Threshold) a. For all new constriction units: If the proposed Development includes any new constriction units (regardless of the Development Category selected at Part IILA.3.a. of the Application), the eligible new constriction units must include the following energy features: • Energy Star qualified refrigerator • Energy Star qualified dishwasher • Water heating (choose gas_ electric_ gas tanldess_ or boiler/hot water maker): ■ Gas: 40 �4a1 = .61 EF, or 60 �4al = .57 EF, or 80 �4a1 = .53 EF or ■ Electric 40 gal = .93 EF, or 50 gal = .92 EF, or 80 gal = .89 EF or ■ Tanldess gas water heater: minimum .80 EF or ■ Boiler or hot water maker: < 300,000 Btu/h: 85% Et (thermal efficiency), or 300,000 Btu/h or higher: 80% Et • Energy Star qualified ceiling fans with lighting fixtures in Bedrooms • Air Conditioning (choose in -unit or commercial) ■ In -unit air conditioning: minimum 14 SEER or ■ Central chiller AC system—based on size 0-65 KBtuh: Energy Star certified, or >65-135 KBtuh: 11.3 EER/11.5 IPLV, or >135-240 KBtuh: 11.0 EER/11.5 IPLV, or L?A1016 (Rev.) 69 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft >240 KBtuh: 10.6 EER/11.2 IPLV (2) In addition, all new constriction units must meet the following performance standard, as applicable: a) Units in Tvbe 1 Buildinus (buildings ub to 3 stories and buildings 4 or 5 stories where each residential unit has its own HVAC and water hearing systems): ffitist (i) ffleet�he reElL . iiexis of Efier-gy S�ar- New Names per- +he Efier-gp Rev. 01 05 inn 10 whieh ; r ed b refer-e lee and ReWed References and Links, ks a must be designed to achieve a Home Energy Rating System (IRS) Index of 75 7-7 or lower; and she ineligible new „s�...,,.6af „4s mot. eltide�he exer�feetur-es S4 errtbele"N'. The e „bee- of eligible and ineligible tilq4s will be deeF,,,; owl ii t-The Corporation will require a copy of the certified thermal bypass checklist for a representative sample of 15 percent of the new constriction-&4-ek#ibIe units, provided upon completion of inspection conducted prior to installation of drywall by a third -party certified Home Energy Rater that is unrelated to the Applicant or Developer or any Principal or Affiliate of the Applicant or the Developer du -; g ean4 4ia . Upon completion of constriction, the Corporation will require a copy of the final Energy Gauge report for- eaeh eligible eiis R ,e ei „iii which must show a HERS Index of 75 -7�7 or lower for the representative sample of 15 percent of the new constriction units. t?A1016 (Rev.) 70 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Applicants that fail to meet the HERS Index of 75 7-7- or lower for each sampled eligible new constriction unit shall, upon Board approval, have up to 2 percent of the Development Cost subtracted from the Developer fee (where Development Cost is comprised of total actual constriction costs, total general development costs, and total financial costs as provided in the Development's Final Cost Certification Application). If 20 percent or more of the total sampled eligible new constriction units achieve a HERS Index higher than 75 7-7, then the full percent will be subtracted. If less than 20 percent of the total sampled eligible new constriction units achieve a HERS Index higher than 75 7-7, the reduction will be pro rata based on the number of sampled units that fail to achieve the minimum HERS Index. For example, if a Development is comprised of 120 units, 18 would be tested to meet the 15 percent sampling requirement. Twenty percent of the sampled units equals 3.6. This means that if 4 or more units fail to achieve the minimum HERS Index, the full percent of the Development Cost will be subtracted from the Developer fee. In this example, if less than 3.6 units fail to meet the minimum HERS Index, the number of units that failed will be divided by 3.6 (the 20 percent hurdle). The resulting number will be multiplied by 2 percent and that resulting number, when multiplied by the Development Cost, will be subtracted from the Developer fee (e.g. if 2 out of 18 fail, then the penalty will be calculated by taking 2, dividing by 3.6, and then multiplying the quotient by the 2 percent of the Development Cost and this amount would be subtracted from the Developer fee as a penalty. €eF ,lo ;f r� ,a f 105 ;4n d e�i , e�L " ei3rrsC�ccr-vrzvTLiiirc�--ccircr 20 per -Cent of the eligible 01mits equals 19.2, whiehwatikl be�1464e 9v— to 1is fReans th t if 19 - jj e tin4s ,ta a67-?aii Yeve-th EiR US h deE, theT�Yl 2 pereelgt of Developer- c114 this eE" plo, if less than rr9 LiHrn fail 4cv fail will be mil;v;do.l�tiflits(4tie2per-Celgt h r-die). icsti4ing 14timb , • he multiplied b the Dozen,.,, 4 Developer- fif oRthe 14 tinsf.�en ti/l�49 of t f+am the Developer- fee), L?A1016 (Rev.) 71 6-a6 004(1)(i), 0--21-003(1)(i), F_A C- 8-31-12 Draft (b) Type 2 Buildings (buildings 6 or more stories and buildings 4 or 5 stories that use whole -building HVAC and water heating): Each proposed building must be designed to earn a maximum Building End Uses cost of 75 percent of the Baseline cost as provided within the Florida Energy Efficiency Code for Building Constriction Form 506-2010, effective March 15, 2012. The Corporation will require a copy of the Form 506 for each building from EnergyGau e Summit, showing Building End Uses for the Proposed Building at maximum 75 percent. Note: this is required regardless of whether the Applicant chooses Green Buildinu Certification. - 3A'4e>=he4ifig Eehaase gas, eleet.-ile, gas, esS, OF b0ne 4 ,to a f+ t� --I ef Of MEMITIWITITIMMMA IULOW� I - - W M � -I.,m - ON 2M.1 M... MEM .... �_ M-7. =1 L?A1016 (Rev.) 72 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft If the proposed Development includes any new constriction units, the Applicant must select "Yes" to be considered for participation in anv program. b. For all rehabilitation units: If the proposed Development includes any rehabilitation units (regardless of the Development Category selected at Part IILA.3.a. of the Application), the rehabilitation units must include as many of the following energy features as structurally and financially feasible within the scope of the rehabilitation work. The feasible energy features for each proposed Development will be based on a capital needs assessment performed during the credit underwriting process. If this provision applies to the proposed Development, the Applicant must select "Yes" to be considered for participation in any program. • Energy Star qualified refrigerator • Energy Star qualified dishwasher • Water heating (choose gas, electric, gas tanldess, or boiler/hot water maker): ■ Gas: 40 gal = .61 EF; or 60 gal = .57 EF; or 80 gal = .53 EF or ■ Electric 40 gal = .93 EF; or 50 gal = .92 EF; or 80 gal = .89 EF or ■ Tanldess gas water heater: minimum .80 EF or ■ Boiler or hot water maker: < 300,000 Btu/h: 85% Et (thermal efficiency); or 300,000 Btu/h or higher: 80% Et • Energy Star qualified ceiling fans with lighting fixtures in Bedrooms • Air Conditioning (choose in -unit or commercial): L?A1016 (Rev.) 73 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft In -unit air conditioning: minimum 14 SEER or Central chiller AC system —based on size: 0-65 KBtuh: Energy Star certified; or >65-135 KBtuh: 11.3 EER/11.5 IPLV; or >135-240 KBtuh: 11.0 EER/11.5 IPLV; or >240 KBtuh: 10.6 EER/11.2 IPLV • Caulk, weather-strip, or otherwise seal all holes, gaps, cracks, penetrations, and electrical receptacles in building envelope • Seal and insulate heating and cooling system ducts with mastic or metal backed tape Green Building Applications with the Development Category at Part III.A.3.a. of the Application of New Constriction or Redevelopment (with or without Acquisition) will qualify for Green Building points, as outlined in 5.a. below, provided the Applicant indicates its Green Building selection of 5.a.(1), Green Building Features, or 5.a.(2), Green Building Certification, in the Application as of the Application Deadline. Applications with the Development Category at Part III.A.3.a. of the Application of Rehabilitation or Preservation (with or without Acquisition) will qualify for Green Building points as outlined in 5.b. below, provided the Applicant indicates its selection of Item 5.b. in the Application as of the Application Deadline. Note: Any replacement of any of the committed items at any future date must be accomplished with items that meet or exceed the quality and efficiency of the original items. a. Green Building for New Constriction and Redevelopment Developments: Applicants that select the Development Category of New Constriction or Redevelopment with or without Acquisition at Part III.A.3.a. of the Application, will receive 7 points by committing to the Green Building Features outlined in Item (1) below or the Applicant will receive 10 points by committing to achieve one of the Green Certification Programs outlined in Item (2) below: (1) Green Building Features (7 Points) By making this selection, the Applicant commits to provide enough of the following Green Building features to achieve a total point value of at least 7 points. The Applicant will be required to commit to the specific Green Building features during credit underwriting and may select at that time the desired features, provided that the total point value equals or exceeds 7 points. L?A1016 (Rev.) 74 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft • Programmable thermostat in each unit (1 point) • Humidistat in each unit (1 point) • Rainwater harvesting system (reuse for irrigation and/or toilets) (4 points) • Water Sense certified dual flush toilets in all bathrooms (1 point) • Light colored concrete pavement instead of or on top of asphalt to reduce the heat-island effect (1 point) • Energy Star qualified roof coating (1 point) * • Energy Star qualified roofing materials (metal, shingles or tiles) (2 points) * • Solar water heater (with at least 70% solar fraction) (4 points) • Eco-friendly cabinets — formaldehyde free, material certified by the Forest Stewardship Council (2 points) • Eco-Friendly flooring for entire unit — Carpet and Rug Institute Green Label certified carpet and pad, bamboo, cork, 100% recycled content tile, and/or natural linoleum (3 points) • Energy Star rating for all windows in each unit (3 points) • Florida Yards and Neighborhoods certification on all landscaping (1 point) • Install daylight sensors, timers or motion detectors on all outdoor lighting attached to buildings (1 point) *Applicant may choose only one option related to Energy Star qualified roofing or (2) Green Building Certification (10 Points) By making this selection, the Applicant commits to achieve one of the following certifications. Included in the certification program requirements, periodic verification must be accomplished throughout the constriction process. These verifications must be accomplished by a third -party verifier that is unrelated to the Applicant or Developer or any Principal or Affiliate of the Applicant or the Developer. In the case of LEED-NC, the commissioning authority must be a third -party licensed engineer or architect. If the proposed Development includes any rehabilitation units, Applicants should consult with a third party verifier associated with the green certification program it intends to select to determine the extent the rehabilitation will allow for certification. The Applicant will be required to commit to a specific certification program during credit underwriting. L?A1016 (Rev.) 75 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (a) U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) Certification (b) Florida Green Building Coalition (FGBC) Certification (c) National Association of Home Builder's National Green Building Standard (NAHB) Certification Applicants that fail to achieve the Green Building Certification program committed to during credit underwriting (LEED, FGBC or NAHB) will, upon Board approval, have up to 2 percent of the Development Cost subtracted from the Developer fee (where Development Cost is comprised of total actual constriction costs, total general development costs, and total financial costs as provided in the Development's Final Cost Certification Application). If 20 percent or more of the units in a Development are not certified, then the entire 2 percent of the Development Cost will be subtracted from the Developer fee. If less than 20 percent of units are not certified, then a pro rata share of the 2 percent will be subtracted from the Developer fee based on the same process outlined in Part IILB.4.a. of the Instructions where the number of units that are not certified is compared to 20 percent of the Development's total units and the resulting ratio (non -certified units to 20 percent of the total units) determines the pro rata share of 2 percent of the Development Cost that will be subtracted from the Developer fee, up to the full percent. (Note that LEED and FGBC High -Rise certify by whole building, not by unit, so the penalty would account for the number of units in a building that is not certified. FGBC with a building of three floors or less and NAHB both certify by unit.) For Developments with the New Constriction Development Category that include both new constriction and rehabilitation units, if an Applicant selects Green Building Certification for 10 points at Part III.B.5.a.(2) of the Application, but during credit underwriting a third party verifier for the green certification program committed to by the Applicant determines that the extent of rehabilitation being done will not allow for certification of all of the rehabilitation units that are part of the Development, up to 2 percent of Development Cost reduction to the Developer fee will be assessed based on a pro-rata share of the units that are not certified in comparison to 20 percent of the Development's total units as outlined above. For those units for which certification is not feasible, the Applicant will also be required to provide features from Part IILB.5.b. of the Instructions (Green Building for Rehabilitation and Preservation Developments) with a total point L?A1016 (Rev.) 76 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft value of at least 14 points. Units for which certification is feasible will still be required to achieve certification, and if any of these units do not achieve certification, then these units will be added to the pro-rata calculation above to adjust the amount of Developer fee reduction that is to be assessed, up to the full percent of the Development Cost. All Applicants should note that green building certification is in addition to the Energy Star New Homes requirement (Part IILB.4.a. above), which exceeds the minimum energy performance requirements of each of these green building certification programs. b. Green Building for Rehabilitation and Preservation Developments (10 points) Applicants that select the Development Category of Rehabilitation or Preservation (with or without Acquisition) at Part III.A.3.a. of the Application will qualify for Green Building points by committing to the Green Building Features outlined below. By making this selection, the Applicant commits to provide enough of the following Green Building features to achieve a total point value of at least 10 points. The Applicant will be required to commit to the specific Green Building features during credit underwriting and may select at that time the desired features, provided that the total point value equals or exceeds 10 points. • Programmable thermostat in each unit (2 points) • Humidistat in each unit (2 points) • Water Sense certified dual flush toilets in all bathrooms (2 points) • Light colored concrete pavement instead of or on top of asphalt to reduce the heat-island effect (2 points) • Energy Star qualified roof coating (2 points) * • Energy Star qualified roofing materials (metal, shingles or tiles) (3 points) * • Eco-friendly cabinets — formaldehyde free, material certified by the Forest Stewardship Council (3 points) • Eco-Friendly flooring for entire unit — Carpet and Rug Institute Green Label certified carpet and pad, bamboo, cork, 100% recycled content tile, and/or natural linoleum (3 points) • Energy Star rating for all windows in each unit (3 points) • Florida Yards and Neighborhoods certification on all landscaping (2 points) • Install daylight sensors, timers or motion detectors on all L?A1016 (Rev.) 77 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft outdoor lighting attached to buildings (2 points) *Applicant may choose only one option related to Energy Star qualified roofing C. Ability to Proceed For Applications requesting Competitive HC, during the preliminary and NOPSE scoring process described in subsections 67-48.004(3), (4) and (5), F.A.C., Applicants may be eligible for Ability to Proceed tie -breaker points for the following Ability to Proceed elements: Site Plan/Plat Approval, Infrastructure Availability (electricity, water, sewer and roads), and Appropriate Zoning. The Applicant will either: (i) Achieve the full 6 Ability to Proceed tie -breaker points if it meets the threshold requirements for all of the following elements: site plan/plat approval, availability of electricity, availability of water, availability of sewer, availability of roads, and appropriate zoning, or (ii) Achieve 1 Ability to Proceed tie -breaker point for each of these elements which pass threshold and zero Ability to Proceed tie -breaker points for each of these elements which fail threshold. Then during the cure period described in subsection 67-48.004(6), F.A.C., if a threshold failure is successfully cured the Application will be awarded 1/2 Ability to Proceed tie -breaker point for each cured Ability to Proceed element. Ability to Proceed tie -breaker points will be awarded as follows: Competitive HC Ability to Proceed Tie -Breaker Points Preliminan- and NOPSE Scoring Cure Period Pass Threshold — Fail Threshold — Pass Threshold — Ability to Proceed Element Tie -Breaker Point Tie -Breaker Point Tie -Breaker Point Value for each Value for each Value for each Element Element Element Site PlaiMat Approval 1 0 / Availabilitv of Electricitv 1 0 / Availabilitv of Water 1 0 / Availability of Sewer 1 0 / Availability of Roads 1 0 / Appropriately Zoned I 1 11 0 1 / Total Available Tie -Breaker Points 6 0 3 For example, at preliminary scoring Application A passes threshold for all of the Infrastructure elements and zoning, but fails threshold for site plan approval. The Application is eligible for 5 Ability to Proceed tie -breaker points (1 point each for electricity, water, sewer, roads and zoning). At NOPSE scoring it is determined that Application A's water verification form is incomplete, so the Application fails threshold for water and the 1 point for water (awarded during preliminary scoring) is deducted, leaving the Application with 4 Ability to Proceed tie -breaker points. During the cure L?A1016 (Rev.) 78 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft period, the Applicant successfully cures the site plan and water threshold failures, resulting in the Application meeting threshold for all of these Ability to Proceed elements and achieving a total of 5 Ability to Proceed tie -breaker points (the 4 points achieved at NOPSE scoring, plus 1/2 point for site plan approval and 1/2 point for water achieved during the cure period). Status of Site Plan Approval or Plat Approval (Threshold) a. Site Plan Approval for Multifamily Developments To achieve threshold, the Applicant must provide the properly completed and executed Local Government Verification of Status of Site Plan Approval for Multifamily Developments form indicating one of the following. The form must be provided behind a tab labeled "Exhibit 26". If the proposed Development consists of Scattered Sites, site plan approval must be demonstrated for all of the Scattered Sites. (1) The proposed Development consists of (a) new constriction_or (bb) rehabilitation with new constriction, or (c) rehabilitation without new constriction that requires additional site plan approval or similar process, and the final site plan was approved on or before the Application Deadline for the 2013 2011 Universal Application Cycle. (2) The proposed Development consists of (aa) new constriction, or b) rehabilitation with new constriction, or (c) rehabilitation without new constriction that requires additional site plan approval or similar process, and on or before the Application Deadline for the 2013 2011 Universal Application Cycle (i) preliminary site plan approval or conceptual site plan approval has been issued, or (ii) site plan approval is required for the new constriction work; however, although this jurisdiction provides neither preliminary site plan approval, conceptual site plan approval, nor any other similar process, the site plan has been reviewed. (3) The proposed Development consists of rehabilitation without any new constriction and does not require additional site plan approval or similar process. b. Plat Approval for Single -Family Rental Developments To achieve threshold, the Applicant must provide the properly completed and executed Local Government Verification of Status of Plat Approval for Single -Family Rental Developments form indicating one of the following. The form must be provided behind a tab labeled "Exhibit 26" If the proposed Development consists of Scattered Sites, plat approval must be demonstrated for all of the Scattered Sites. L?A1016 (Rev.) 79 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (1) The final plat was approved on or before the Application Deadline for the 2013 2011 Universal Application Cycle. (2) The preliminary or conceptual plat was approved on or before the Application Deadline for the 2013 2011 Universal Application Cycle. (3) The Development consists of rehabilitation without any new constriction and does not require additional plat approval. 2. Evidence of Site Control (Threshold) To achieve threshold, the Applicant must demonstrate site control by providing the documentation required in Section a., b. or c., as indicated below. The required documentation, including any attachments or exhibits referenced in any document, must be attached to that document regardless of whether that attachment or exhibit has been provided as an attachment or exhibit to another document or whether the information is provided elsewhere in the Application or has been previously provided. Such documentation, including any attachments or exhibits, must be provided behind a tab labeled "Exhibit 27". If the proposed Development consists of Scattered Sites, site control must be demonstrated for all of the Scattered Sites. A legal description of the Development site must be provided behind a tab labeled "Exhibit 27". a. Provide an Eligible - Contract - For purposes of the Universal Application, an eligible wed contract is one that has a term that does not expire before a date that is eight 8 months after the Application Deadline for the 2013 2011 Universal Application Cycle or that contains extension options exercisable by the purchaser and conditioned solely upon payment of additional monies which, if exercised, would extend the term to a date that is not earlier than eight 8 SeN,efi (7)) months after the Application Deadline for the 2013 2011 Universal Application Cycle; specifically states that the buyer's remedy for default on the part of the seller includes or is specific performance; and the buyer MUST be the Applicant unless a fully executed assignment of the eligible qualified contract which assigns all of the buyer's rights, title and interests in the eligible wed contract to the Applicant, is provided. If the owner of the subject property is not a party to the eligible qualified contract, all documents evidencing intermediate contracts, agreements, assignments, options, or conveyances of any kind between or among the owner, the Applicant, or other parties, must contain every exhibit and attachment referenced therein, and must contain the following elements of an eligible wed contract: (i) have a term that does not expire before a date that is ei ht 8 months after the Application Deadline for the 2013 2011 Universal Application Cycle or contain extension options exercisable by the purchaser and conditioned solely upon payment of additional monies which, if exercised, would extend the term to a date that is not earlier than eight 8 months after the Application L?A1016 (Rev.) 80 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Deadline for the 2013 2011 Universal Application Cycle, and (ii) specifically state that the buyer's remedy for default on the part of the seller includes or is specific performance. •' b. Provide a Deed or Certificate of Title — The deed or certificate of title (in the event the property was acquired through foreclosure) must be recorded in the county in which the property is located and show the Applicant as the sole Grantee. •' Provide a Lease - The lease must have an unexpired term of at least 50 years from the Application Deadline and the lessee must be the Applicant. The only permissible contingencies in the lease are i anly tipati receipt of MMRB, HOME and/or HC funding and (ii) any condition related to HUD approval. If the owner of the subject property is not a party to the lease, all documents evidencing intermediate leases, subleases , assignments, ap6ans, or agreements eativeyan of any kind between or among the owner, the lessor, or any sublessee, assignor, assignee, and the Applicant, or other parties, must contain every exhibit and attachment referenced therein, and if a lease, must have an unexpired term of at least 50 years from the Application Deadline, , (i) ha, p,o a nor,,, �h4 d be f ro d e �144 ;SeVefl (7) ,,, 41,S fer- l,o n.,plie4io Deadlifie o f r the 2011 U i or -sal n.,plie4io C ele Applie4ion Deadlme for- �he 2n'� er-sal Applie4ion Cyel speeifieally 4 e �h4 she bu ore s r ed for- do4m4 a she pat4 of he 3. Evidence of Infrastructure Availability (Threshold) With one exception outlined in the following paragraph, t-To achieve threshold, the Applicant must demonstrate that as of the date that signifies the Application Deadline for the 2013 2011- Universal Cycle each type of infrastructure is available to the proposed Development site. Infrastructure is considered available if there are no impediments to obtaining service other than the conditions expressed in the Verification of Availability of Infrastructure forms as provided in this Application Package. Should any variance or local hearing be required, or if there is a moratorium pertaining to any of the utilities or roads for this Development, the infrastructure is not available. If the proposed Development consists of Scattered Sites, evidence of availability of each type of infrastructure must be provided for all of the Scattered Sites. L?A1016 (Rev.) 81 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft The one exception to the requirement outlined in the above paragraph is that a proposed Development that meets all of the following requirements will automatically be deemed to meet threshold and receive 4 Ability to Proceed tie- breaker points without the requirement to demonstrate that as of Application Deadline each type of infrastructure is available: (i) it is at least partially occupied as of Application Deadline (as stated by the Applicant at Part IILA.9.c. of the Application), and 60 it consists of 100 percent rehabilitation units (as stated by the Applicant at Part IILA.6.b. of the Application), and (iii) the number of proposed units is equal to or less than the number of units existing as of Application Deadline (as stated by the Applicant at Part IILA.6.b. of the Application). If the Applicant fails to meet all of the above criteria and subsequently submits an acceptable cure for Part III.A.9.c. and/or Part III.A.6.b. of the Application, the Applicant will be eligible for 1 Ability to Proceed tie- breaker point for each of the 4 infrastructure elements so cured. However, if the Applicant's cure consists of any Verification of Availability of Infrastructure form and/or allowable infrastructure letter, then the Applicant will only be eligible for 1/2 Ability to Proceed tie -breaker point for the applicable infrastructure element(s) so cured. The Applicant may submit the properly completed and executed Verification of Availability of Infrastructure forms included within the Application Package or submit a letter from the entity providing the service (electricity, water, and wastewater) or Local Government (roads) verifying that each type of infrastructure is available for the proposed Development on or before the Application Deadline for the 2013 2011 Universal Cycle. Regardless of whether provided by the Application Deadline or by the date that signifies the end of the cure period outlined in Rules 67-21.003 and 67-48.004, F.A.C., each letter submitted to confirm infrastructure availability must demonstrate availability on or before the Application Deadline for the 2013 2011 Universal Cycle. Letters must be Development -specific and dated within 12 months of the Application Deadline. The verifications (forms and letters) may not be signed by the Applicant, by any related parties of the Applicant, by any Principals or Financial Beneficiaries of the Applicant, or by any local elected officials. a. Electricity - Evidence of availability on or before the Application Deadline must be provided behind a tab labeled "Exhibit 28". b. Water - Evidence of availability on or before the Application Deadline must be provided behind a tab labeled "Exhibit 29". Sewer, Package Treatment or Septic Tank - Evidence of availability on or before the Application Deadline must be provided behind a tab labeled "Exhibit 30". d. Roads - Evidence of availability on or before the Application Deadline must be provided behind a tab labeled "Exhibit 31". L?A1016 (Rev.) 82 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 4. Evidence of Appropriate Zoning (Threshold) To achieve threshold the Applicant must provide the applicable Local Government verification form, properly completed and executed, behind a tab labeled "Exhibit 32". The verification form must demonstrate that as of the date that signifies the Application Deadline for the 2013 2011 Universal Cycle the proposed Development site is appropriately zoned and consistent with local land use regulations regarding density and intended use or that the proposed Development site is legally non -conforming. If the proposed Development consists of Scattered Sites, evidence of appropriate zoning must be demonstrated for all of the Scattered Sites. If the proposed Development is in the Florida Keys Area, proper execution of the Local Government Verification That Development Is Consistent with Zoning and Land Use Regulations form or the Local Government Verification That Permits Are Not Required For This Development form will constitute the Local Government's certification that the Applicant has obtained the necessary Rate of Growth Ordinance (ROGO) allocations from the Local Government. Environmental Site Assessment (Threshold) a. To achieve threshold, the Applicant must demonstrate that a Phase I Environmental Site Assessment (ESA) has been performed. The firm performing the ESA must certify that the review was performed in accordance with ASTM Practice 4E-1527-05. The properly completed and executed Verification of Environmental Safety — Phase I Site Assessment form must be provided behind a tab labeled "Exhibit 33". b. If the Phase I ESA disclosed potential problems on the proposed site and required or recommended a Phase 11 ESA, to achieve threshold the firm that performed the Phase 11 ESA, even if it is the same firm that performed the Phase I ESA, must certify that the Phase II ESA has been performed in accordance with ASTM Practice #E-1903-1147+2882). The properly completed and executed Verification of Environmental Safety — Phase 11 Site Assessment form must be provided behind a tab labeled "Exhibit 34". If the proposed Development consists of Scattered Sites, the Applicant must provide the appropriate evidence that a Phase I ESA and, if applicable, a Phase II ESA, has been performed for all of the Scattered Sites. Note: If the Phase I ESA and/or the Phase 11 ESA disclosed environmental problems requiring remediation, a plan, including time frame and cost, for the remediation is required. By answering the applicable questions and executing the Phase I and/or Phase 11 verification(s), the environmental provider is certifying that such plan has been prepared. In addition, by executing the Applicant Certification and Acknowledgement form, the Applicant certifies that the plan has been prepared and the costs associated L?A1016 (Rev.) 83 6-a6 004(1)(i), 0--21.003(1)(i), F_AC 8-31-12 Draft with such remediation have been included in the Development Cost Pro Forma submitted in this Application. D. Demographic Commitment (Threshold) Selection of the Elderly, Farmworker/Commercial Fishing Worker,of Homeless, or Persons with Special Needs Demographic Commitment will be included in the Land Use Restriction Agreement and/or Extended Use Agreement and must be maintained in order for the Development to remain in compliance, unless the Board approves a change. All Applicants must select one of the following Demographic Commitments. If an Applicant fails to select a commitment or fails to qualify for the selected commitment, the Application will fail threshold. Elderly Indicate whether the proposed Development will be an Assisted Living Facility (ALF). In order for a proposed Development to be classified as Elderly (ALF or non- ALF), the Development must meet the following requirements: a. The total number of units is limited as follows: (1) Non-ALF Developments (a) New Constriction or Redevelopment with or without Acquisition (Applicant selected the applicable Development Category at Part IILA.3.a.) in all counties except Miami -Dade County and Broward County is limited to 160 total units; (b) Rehabilitation or Preservation, with or without Acquisition (Applicant selected the applicable Development Category at Part IILA.3. a.), that does not constitute an existing, occupied elderly housing facility that is operating as an elderly housing facility as set forth in the Federal Fair Housing Act as of the Application Deadline in all counties except Miami -Dade County and Broward County is limited to 160 total units; (c) New Constriction or Redevelopment (as described in (a) above) or Rehabilitation or Preservation (as described in (b) above) Developments located in Miami -Dade County and Broward County that are requesting MMRB (with or without non-competitive HC) may consist of up to 250 total units; L?A1016 (Rev.) 84 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (d) New Constriction or Redevelopment (as described in (a) above) or Rehabilitation or Preservation (as described in (b) above) Developments located in Miami -Dade County and Broward County that are requesting Competitive HC or non-competitive HC only in this Application may consist of up to 200 total units; (e) There is no total unit limitation for the Rehabilitation or Preservation with or without Acquisition (Applicant selected the applicable Development Category at Part IILA.3. a.) of an existing, occupied elderly housing facility that is operating as an elderly housing facility as set forth in the Federal Fair Housing Act as of the Application Deadline. (2) ALF Developments cannot consist of more than 100 total units; and b. Applicant understands, acknowledges and agrees that it will comply with the Federal Fair Housing Act requirements and rent at least 80 percent of the total units to residents that qualify as Elderly pursuant to that Act. Further, Applicant understands, acknowledges and agrees that all such units are subject to the income restrictions committed to in the Set -Aside Commitment section of this Application; and For a non-ALF Development, the following requirements will apply: (i) if the Applicant selected the Development Category of Rehabilitation, Acquisition and Rehabilitation, Preservation or Acquisition and Preservation at Part IILA.3.a. of the Application, at least 50 percent of the total units must be comprised of one -bedroom or less (i.e., one -bedroom units or efficiency/studio/zero bedroom units or a combination these !Yves of units), and no more than 15 percent of the total units can be larger than 2 bedroom units, or (ii) if the Applicant selected the Development Category of New Constriction, Redevelopment, or Acquisition and Redevelopment at Part IILA.3.a. of the Application, at least 50 percent of the total units must be comprised of one -bedroom units and no more than 15 percent of the total units can be larger than 2 bedroom units. For an ALF Development, at least 90 percent of the total units must be comprised of units no larger than one -bedroom and the sharing of a unit by two or more unaffiliated residents cannot be a condition of occupancy; and d. Applicant must provide a market analysis, dated within nine (9) months of the Application Deadline, that demonstrates a local need for the low- income Elderly housing that is the subject of this Application (non-ALF or ALF). The market analysis must be provided behind a tab labeled "Exhibit 35"; and L?A1016 (Rev.) 85 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft A minimum of one elevator per residential building must be provided for all new constriction Developments that consist of more than one story if any of the Elderly set -aside units will be located on a floor higher than the first floor; and f. The Applicant must provide additional features in the new constriction units and rehabilitation units. The requirement to provide the additional features is in addition to the features committed to by the Applicant at Part IILB., Constriction Features and Amenities, of this Application. (1) If the proposed Development includes any new constriction units (regardless of the Development Category selected at Part III.A.3.a. of the Application), the additional Elderly features outlined in Part A.3. of the FHFC Universal Design and Visitability Manual must be provided in the indicated percentages of the total new constriction units. (2) If the proposed Development includes any rehabilitation units (regardless of the Development Category selected at Part III.A.3. a. of the Application), the additional Elderly features outlined in Part 13.3. of the FHFC Universal Design and Visitability Manual must be provided in the indicated percentages of the total rehabilitation units. 2. Farmworker or Commercial Fishing Worker In order for a proposed Development to be classified as Farmworker or Commercial Fishing Worker, the Development must meet the following requirements: a. Development cannot have more than 80 total units; and b. Applicant must commit to rent not less than 40 percent of the total units to Farmworker or Commercial Fishing Worker Households; and Applicant must provide a market analysis, dated within nine (9) months of the Application Deadline, that demonstrates a local need for such housing. The market analysis must be provided behind a tab labeled "Exhibit 35". 3. Homeless For a Competitive HC Applicant to be eligible to select the Homeless Demographic, the Applicant must also request HOME funding in this Application. L?A1016 (Rev.) 86 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft In order for a proposed Development to be classified as Homeless, the Development must meet the following requirements: a. The Development Type selected by the Applicant at Part IILA.4. of the Application must be one of the following: Garden Apartments, High Rise (a building comprised of 7 or more stories), Mid -Rise with Elevator (a building comprised of 4 stories), Mid -Rise with Elevator (a building comprised of 5 or 6 stories), or Single Room Occupancy (SRO); and b. SRO Developments must commit to rent not less than 50 percent of the total units to Homeless Households and must have selected the SRO Constriction Features and Amenities in this Application; or Non -SRO Developments must commit to rent not less than 50 percent of the total units for Homeless Households; and Applicant must provide the properly completed and executed Verification of Inclusion in Local Homeless Assistance Continuum of Care Plan by Lead Agency form behind a tab labeled "Exhibit 35". If no Local Homeless Assistance Continuum of Care Plan exists for the Catchment Area in which the proposed Development is located, a needs analysis demonstrating the local need for such housing must be provided behind a tab labeled "Exhibit 35". Note: The telephone number for the State Office on Homelessness is (850) 922- 4691. 4. Family — Development will serve the general population. Persons with Special Needs In order for a proposed Development to be classified as being for Persons with Special Needs, the Development must meet the following requirements: a. The Development must consist of permanent supportive housing which, for purposes of this Application, is defined as permanent, affordable rental housin linked with community -based health, supportive and/or emplovment services that are individualized to the residents leasing a dwelling unit. Supportive housing residents shall be Persons with Special Needs with household incomes of 60 percent AMI or less, and b. The Development cannot have more than 100 total units, and C. Each bedroom in the Development must include at least one (1) private bathroom, and L?A1016 (Rev.) 87 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft d. The Applicant must commit to rent not less than 80 percent of the total units to Persons with Special Needs, and e. The Applicant must commit at Part III.E. Lb.(3)(a) of the Application to set -aside a minimum of 20% of the total units for ELI: and f. The proposed Development must include the following (1) At least one private office space with a door, per every 25 Persons with Special Needs households, for the provision of on -site services such as individual counseling, case management, legal consultation, and assessments, and (2) At least one enclosed training room with a door to conduct group training and educational activities, and g. The Applicant must provide a market analysis, dated within nine (9) months of the Application Deadline, that demonstrates a local need for such housing. The market analysis must be provided behind a tab labeled "Exhibit 35". E. Set -Aside Commitments All set -aside commitments will be included in the Land Use Restriction Agreement and/or Extended Use Agreement, and must be maintained in order for the Development to remain in compliance, unless the Board approves a change. Commitments for MMRB and HC Applications If there is an inconsistency between the minimum set -aside section and the information stated on the total set -aside breakdown chart in this Application, the percentage(s) stated on the total set -aside breakdown chart will be considered the Applicant's set -aside commitment. Applicants requesting Competitive HC and HOME must complete the questions at Part III.E.l.a. and b. of the Application for the Competitive HC funding and the questions at Part III.E.2. of the Application for the HOME funding. a. MMRB and HC Minimum Set -Aside (Threshold) All Applicants must select a minimum set -aside for each program applied for. HC Applicants Note: Choosing the 20 percent at 50 percent AMI or less minimum set -aside will restrict ALL set -aside units at 50 percent or less of the AMI n* *a IRS r-egtiWi . Applicants may choose the 40 percent at 60 percent AMI or less minimum set -aside without committing L?A1016 (Rev.) 88 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft to setting aside any of the units at the 60 percent AMI level. For example, an Applicant may commit to setting aside 40 percent at 50 percent AMI and this would also be considered 40 percent at 60 percent AMI or less. MMRB Applicants may select either 20 percent of the units at 50 percent AMI or lower or 40 percent of the units at 60 percent AMI or lower. All Applicants Note: The deep rent skewing option is permitted for HC Developments only. b. Set -Aside Commitment (1) Limited Development Area (LDA) coy Aside r ,,,.,,pia n (Threshold) Except for Applications that selected and qualified for the Persons with Special Needs Demographic Commitment at Part III.D. of the Application, aA proposed Development requesting HC (Competitive or non-competitive) or requesting MMRB (through a Supplemental MMRB Application Cycle) qualifies as a Se� LaeLae4ian A an LDA Development if the location of the proposed Development is within an LDA ^ coy Aside r ,,,.4io n n o and the Applicant selected the applicable Demographic Commitment (Elderly, Homeless, Farmworker or Commercial Fishing Worker, or Family) at Part III.D. of the Application. icants that selected the Persons with Special Needs Demographic Commitment at Part III.D. of the Application are not considered LDA Developments and are excluded from all LDA Development restrictions. The only LDA Se* Aside r +ia n Developments that are eligible to apply for funding are proposed Developments that have less than 250 total units, AND the difference between the total units stated at Part IILA.6.a. of the Application and the number of rental assistance units calculated at Part IILA.3.a. of the Application is less that 25 units, AND where: (a) The Applicant selected and qualified at Part IILA.3.a. of the Application for the Development Category of Preservation or Acquisition and Preservation, regardless of the Demographic Category selected at Part III.D. of the Application, AND the proposed Development is classified as RA Level 1 or RA Level 2*; or (b) The Applicant selected and qualified at Part IILA.3. a. of the Application for the Development Category of Redevelopment or Acquisition and Redevelopment, L?A1016 (Rev.) 89 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft regardless of the Demographic Category selected at Part IILD. of the Application, AND the proposed Development is classified as RA Level 1 or RA Level 2*; or (c) The Applicant selected and qualified at Part IILD. of the Application for the Homeless Demographic, and selected either the New Constriction or Rehabilitation (with or without Acquisition) Development Category at Part IILA.3.a. of the Application, AND the proposed Development is classified as RA Level 1 or RA Level 2*_ * RA Levels are described in Part 111.A.3.a. above and in Section 10. -5�. of the Ranking and Selection Criteria section of the Instructions. If the Application does not qualify for (a), (b), or (c) above and the proposed Development is located in a county where only a portion(s) of the county is included on the LDA table set out below and the proposed Development is in one of the applicable demographic categories, then the Corporation will verify whether the Tie -Breaker Measurement Point or Development Location Point, as applicable, is within the boundaries of the area designated as an LDA in order to determine eligibility to apply for funding. To make such determination, Street Atlas USA 2012 will be used. If the applicable point is not provided, the Corporation will use the proposed Development's Address to make such determination. However_ if the applicable point is not provided and Street Atlas USA 2012 does not recognize the proposed Development's Address, then the Application will fail threshold. If any part of a Development's site is located within the boundaries of an area designated as an LDA a Se* Aside r ,,,.4 a n n then the Development will be deemed to be a coy Aside T ae4 at -A an LDA Development. Using the following table, indicate whether the proposed Development qualifies as a Se* Aside r +ia n an LDA Development. Limited Development Areas (LDAs) Set Aside T ,,eation A A. eas Count} Demographic Category Location Description Alachua Family,, T4�oioss or Beginning at the intersection of CR 241/NW 143" Street and SR FarmNvorker/ 232/NW69th Ave/Millhopper Road, follow SR 232/NW69th Ave/Millhopper Commercial Fishing Road east to NW 97th Street. Follow NW 97t' Street south to NW 97n' Blvd. Worker Follow NW 97n' Blvd northeast to SR 232/NW 63d Blvd/Millhopper Road/NW 53' d Avenue. Follow SR 232/NW 63d Blvd/Millhopper Road/NW 53' d Avenue east to NW 52" 1 Terrace. Follow NW 52" 1 Terrace north to NW 73' d Avenue. Follow NW 73'd Avenue east to NW 43 Street. Follow NE 43 Street north to US 441. Follow US 441 south to N SR 121. Follow N SR 121 I TA1016 (Rev. ) 90 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft north to NW CR 231. Follow NW CR 231 north to NE 142"` Avenue/NE 15611' Avenue. Follow NE 142' Avenue/NE 15611' Avenue east to CR 225. Follow CR 225 south to NE 77 Avenue/NE 56 Terrence 4l^*o1-. Follow NE 77 Avenue/NE 56 Terrence 444e1_ �H44heast to SR 24/ NE Waldo Road. Follow SR 24/NE Waldo Road Northeast to US 301/ N Main Street. Follow US 301/N Main Street south to SR 26. Follow SR 26 west to CR 234 SE/ CR 2082 SE. Follow CR 234 SE/ CR 2082 SE south to US 441. Follow US 441 northwest to SE Wacahootoa Road. Follow SE Wacahootoa Road north to Williston Road. Follow Williston Road south to °D '�rnnxr 5544'Rl4-d Rollo„- aD ' (4. V 5544'RI4-d to 17 jj,,;,-oj- +t, A,-o,-,,,o Rollo.,-17 jj,; ;t,- n,-o,-,,,o pH4 to at.-oot Rollo„- aIa7'7,14.h Chi- i t�zU �'QI4r Hll"�hHr,-o;U+4-o L'..11...,- CR �' QT4 HI-o�hHr,-o ;l,�-e- sHutth T H,;4l,o,;o at.,to Ti-Hil ,;Hi-tl.west to a147 Will;,to„ �arn;,to a/agar �� l „thwo- to CR 346. Follow CR 346 west to US 4l/US 27/SR 45 Tra �744a A l /ate a �: / Tl,,;,-oi- +4z. n,-e -w- Follow US 4l/US 27/SR 45 northwest Tra �744a A l N14 Ac/ 1T,,;, o,-a n,-o,,,,o to 202nd Street/CR 13 a� '^ /aaa7 ^ Follow 202ndStreet/CR 13 44 )A/eaun,-,.tio,-RoAdNot-the ��,t north to NW 4611'Avenue. Follow NW 4611' Avenue east to 17011' St. Follow NW 170t' Street south to NW 32" " Avenue. Follow NW 32""Avenue east to CR 241/NW 141a Street to ,',''4 UX7 14�_4 at.-oot to aaa7 �D ��/1'Y��at.-oot Ta'..11..,,, !`D 24QQ a� ,.,,,a Rono„- a� HHd , ost to CR 241/NW 1431 Street. Follow 241 /NW 1431 Street north to intersection with SR 232/NW69th Ave/Millhopper Road. Bav_ Family, u�'ess or Entire County FarmNvorker/ Commercial Fishing Worker Bradford Family, u�'ess or Entire County FarmNvorker/ Commercial Fishing Worker Brevard Familv, Elderlv or Entire County FarmNvorker/ Commercial Fishinw Worker A-4 rao,,,o,.,- �4i6 Broward Family, Elderlv or Beginning at the intersection of the Turnpike and SR870/Commercial Blvd, FarmNvorker/ follow SR 870/Commercial Blvd east to SR 811/N. Dixie HNi-\444-lme Commercial Fishirw ('H4444sW 54" To- p-. Follow SR 811/N. Dixie HNi-v4sW� I 444' �'^471 m Worker A-4 Toi-i-R-o south to Wilton Drive/NE 4ll' Avenue. Follow Wilton Drive/NE 4ll' r6 Avenue southwest to Progresso Drive. Follow Progresso Drive southwest to Gategofies 3d Avenue. Follow 3"' Avenue south to SR 736/Davie Boulevard. Follow SR 736/Davie Boulevard west to I-95/SR 9. Follow I-95/SR 9 north to SR 838/Sunrise Blvd. Follow SR 838/Sunrise Blvd west to the Turnpike. Follow the Turnpike north until it intersects Nvith SR870/Commercial Blvd. Charlotte Family, Elderlv Beginning at the northwestern corner of the count- line, follow the count- line east to the radius of Hampton Point. Follow the radius of Hampton Point u�o' o�,�—, or south to Alligator Bay. Follow the shoreline west to the shore line of Mvald a FarmNvorker/ River. Follow the shoreline of the Mvalda River northwest to the county line. Commercial Fishing Follow the county line north to the northwestern corner. F' #ii- ^47,;' Worker 5 mile radius around the following latitude/longitude coordinates: Gategof Family, N 26 59 29.4, W 82 1 45.5 (Hampton Point) - this also affects Desoto and Elderlv, Homeless or Sarasota Counties L? A1016 (Rev.) 91 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Farmworker/ Commercial Fishirw Worker Clav_ Family, u�' ess or Farmworker/ Commercial Fishing Worker From northeastern corner of county, follow the county line west to State Road 21Blanding Boulevard. Follow State Road 21 south to State Road 224/Kingsely Avenue east to the county line. Follow the eastern county_ line north to the northeastern corner. Collier Familv, Elderlv or Farmworker/ Commercial Fishirw Entire County INUA o ,-is, ., ...1 toe- F 11. l.,t4Bde,/!O+1,.i44de .. ..,-.1;v..,to, Worker wi+1,4 �,T Q( 9Q 5Q.4 Vu 81 A 1 -24 rn�s r ,,,1444) 4asea+l isles) All t'ate,� Funnily, Elderlv, Homeless or 5 mile radius around the following latitude/longitude coordinates: N 26 9 59.8, W 81 41 24 (Noah's Landing) N 26 9 40.7, W 8141 37.4 (Tuscan Isles) Farmworker/ Commercial Fishirw Worker Columbia Family, u�'ess or Farmworker/ Commercial Fishing Worker Entire County DeSoto Family, u�'ess or Farmworker/ Commercial Fishing Worker Entire County All t' e- Funnily, Elderlv, Homeless or 5 mile radius around the following latitude/longitude coordinates: N 26 59 29A W 82 1 45.5 (Hampton Point) - this also affects Charlotte and Sarasota Counties Farmworker/ Commercial Fishirw Worker Duval Familv, Elderlv or Farmworker/ Commercial Fishirw Entire Countv except for the followinw portion of the county: Be�4immru4 at the intersection of US 90/SR 10 and SR 111, follow US 90/SR 10 east to I-95. Follow I-95 southeast to Montana Avenue. Follow Montana Worker Avenue north to Colorado Avenue. Follow Colorado Avenue southeast to Vine Street. Follow Vine Street north to Huntsford Road. Follow Huntsford Road southeast to Alamo Street. Follow Alamo Street north. From the northernmost point of Alamo Street, continue north to the St. John's River. Follow the St. John's River northeast to US 90A/SR 115. Follow US 90A/SR 115 west to US lA/SR 115. Follow US IA/SR 115 northwest to I-95. Follow I-95 north to SR 111. Follow SR 111 southwest to the intersection of US 90/SR 10. ,-a4ii,s, ., ...1 toe- 11.... in,4 lath de,4 t,,.1 .. ..,-.1;v..,to, R;lo _ +1E - �F�i3zex�c'h. �r �tii�S-ElrSE3-m @6�5� All Gate.....-�o� Family, Elderlv, Homeless or Within a 5 mile radius around the r 1 latrtudeflongrtude coordinates: TT �P 1 �a O �d78 �! 1 � � (1 ei, Meade _ �, �44 Me�� N 30 17 09, W 81 31 32.8 (Loran's Pointe) N 30 23 .6,W 81 36 13 (Sundance Pointe), the portion of the circle southeast of the eastern and southern boundary of St. John's River. Farmworker/ Commercial Fishirw Worker I TA1016 (Rey . ) 92 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Escambia Familv,, u eless, or Farmworker/ Commercial Fishing Worker Beginrmlg at the western intersection of the count` line and I-10, follow I-10 east to the eastern intersection of I-10 and the county line. Follow the county line south until it intersects with the western e-;44e-i; intersection of the county line and I-10. Flagler All t'em^ 5 mile radius around the following latitude/longitude coordinates: GategoF Family, N 29 15 3.7, W 816 40.4 (San Marco) - this also affects Volusia County Elderlv, Homeless or Farmworker/ Commercial Fishirw Worker Gadsden Family, u�Iess or Entire County Farmworker/ Commnercial Fishing Worker Hamilton Familv, Elderlv or Entire Countv Farmworker/ Commercial Fishirw Worker Hardee Familv, Elderlv or Entire Countv Farmworker/ Commercial Fishirw Worker Hendry_ Family, u�Iess or Entire County Farmworker/ Commnercial Fishing Worker All 5 mile radius around the following latitude/longitude coordinates: t'ate,� Fannily, N26 35 36.4, W 81 38 29 (Vista Palms A'"'ice° ) - this also affects Lee Elderlv, Homeless or County Farmworker/ Commercial Fishirw Worker Hernando Familv, Elderlv or Entire Countv Farmworker/ Commercial Fishirw staA n^ at t"e ^fTTao4 ,,,,,a toe , 4#;- 1, 4e f ,'Hw TTa Worker All rlo,ti... rt,-.,,..1,;.. Gate,gofes ?8P to Sp ,44 1 ;)44 o Follow Sp 1 ;11 ;U+4,-e--- tH 1_1a sou44 fi A-e-4 1 %rorcy 3? lr�anmx�k6$�d7.,,. R..11 ...,, TTC� 1 0 /ay 3?,�{wrm-.x"'�k6$��rE,.. ,,�+h r,. (w 5O54_41....-.,..-R1.4 ,A-tH AlHhH_ _FOH T ., R..11...,- A IHhH T tH the !_„14 H F 11....- th !_„14 ..4 tH ..,-4044 4the .. ,-. t,. tH theH,; Hf1_4� W8 HH;d the Highlands Familv,, T4�oloss or Entire County Farmworker/ Commnercial Fishing Worker Hillsborough Family, Elderly or Beginning at the intersection of E. Dr. Martin Luther King Jr. Blvd. and I- Farmworker/ 275 t> , .� Ta 92144R (nnnar Gaele _d ilp,;-14C o /ate inn nary I.-_44 Tz t n ,-�1� 4tt 441s�-.,, h �c�'� a u° '�-ri Commercial Fishing Worker All ;)eR o G.,to..o fie crrn ` i .,.. R..11..,,, tT,o ., o�,to,-..,ti.P�,t T...,,,-,.l.,,z. Hf 44 lldl...,-..,,..T, R.,.. ,-...,-tT, tH the- ---------- Rl,,.l ;Hi4h tH 117yl.,tt Cat.-eet R..11 ...,, �d7yl.,tt C4eet ea;44 tH Toff ,-�,..,-. Cat.-oot c c rccocc-ivr..crr�zocmzcrccv F..Il�ncrn-•,- TefS�ir.�-.ir'@�1'..,-tl. fxcrmrrcrz-v--rmT�T. ll,"tr'I�e- I TA1016 (Rey . ) 93 6-a6 004(1)(i), 0--21.003(1)(i), F_AC 8-31-12 Draft ;Hi-th tH �T''�. tEollow I-275 north to CR 582/E Bearss Avenue. Follow CR 582/E Bearss Avenue southeast to CR 581Bruce B Downs Blvd/N 30th Street. Follow CR 581Bruce B Downs Blvd/N 30th Street east to Shipper Road. Follow Shipper Road east to N 46t' Street. Follow N 46th Street south to CR 582A/E Fletcher Avenue. Follow CR 582A/E Fletcher Avenue east to N 50t' Street. Follow N 50t' Street south to the Hillsborough River. Follow the Hillsborough River southeast to the Siunile Creel.. Follow the Siunile Creek northeast to I-75. Follow I-75 south to CR 676A/Progress Blvd/ Pendola Point Road. Follow CR 676A/Progress Blvd/Pendola Point Road west into Hillsborough Bay. Follow Hillsborough Bad north into McKay T-a+Rpa Bay. Follow McKay T-a+Rpa Bay north ;^i'°-* to N. 39t1i St. *"� ��°*�^* r�o. Follow N. 39t1i St.• the -H,4ff north to SR 60/Adamo Dr. Follow SR 60/Adamo Dr+ east to US 301 /SR 43. Follow US 301/SR43 north to SR 574/E Martin Luther Kinu Jr. Blvd/E Buffalo Ave. Follow SR 574/E Martin Luther Kirw Jr. Blvd/E Buffalo Ave west to I-275 1 4Q NU ((4)AX7 ,,,,,a.. T41.,,a ANT) BeOimir w at the intersection of Wallace Branch Rd and SR 580/W Sam Allen Rd, follow SR 580/W Sam Allen Rd east to N Wilder Rd. Follow N Wilder Rd south to I-4/SR400. Follow I-4/SR 400 east to the county line. Follow the county line south to Medulla Rd. Follow Medulla Rd west to Frank Moore Rd/Nesmith Road. Follow Frank Moore Rd/Nesmith Road south to Trapnell Road. Follow Trapnell Road west to Forbes Road. Follow Forbes Road north to I4 Follow I-4 east to Thonotasassa Road. Follow Thonotasassa Road northwest to Wallace Branch Road. Follow Wallace Branch Road northeast to the intersection Nvith SR 580/W Sam Allen Road. A�,g) ,-ad-+1, 4h_e F 11.... i+IE. lath, a .. 4 R;lo s, -nd e,404.gi4i e 0 0,-4;v4.,to, T-,T Q8P 11 7 V,T 8-2 8 -2PA (W 'i-ic4Er e) . IndianRiver Family, 14�1ess or Entire County FarmNvorker/ Commmercial Fishing Worker All r,ori �> ; 5 mile radius around the following latitude/longitude coordinates: GategoF Family, N 27 35 1 L8, W 80 24 33.2 (Preserve at Oslo 111^^ ) - this also Elderlv, Homeless or affects St. Lucie County FarmNvorker/ Commercial Fishirw Worker Lake Familv, Elderlv or Entire County FarmNvorker/ Commercial Fishirw zzUA Worker ...1 t4e- 1-lowiag lath de,4.,-.gi4ide ..,-diff,to, BR;le,-a4ii,s, _ a 1\T`' 8 18 5"7. () \zT 81 10 1;1.8 (Sp'�c'of) this ;41,-,H ,� ('••,crcrr��t•- irrttcci8()� aff, T-,T Q8 ' 7 1 '7 V.T 81 17 10 6 (V r�r.ase) t4is 1,,.. �� r. . o-�-r-�aii critooc7�rao-crr rcrrrvcmz. c-criicr All r,ori �> ; 5 mile radius around the following latitude/longitude coordinates: Gategof Family, T4 G'7.() \z7 81 10 1 ,11 ;1.c8 (Spr lc 1,,H 1'1',�ci8( 4;4ff,f,4eG..,crcri-A - -288 of)4z1.. N 28 48 559,W 81 19 6.7 (Stratford Point) - this also affects Volusia and Elderlv, Homeless or FarmNvorker/ Seminole County Commercial Fishirw �4 -28 11; 1 7 V.T 81 17 10 6 (W ] ncTe4ase) t is also Worker z7= Lee Familv, Elderlv or Entire County FarmNvorker/ Commercial Fishing z444H-^��^�� I TA1016 (Rey . ) 94 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Worker ,-is, ...1 t4e- 11.... rag l.,tit,ude,11 .+igi .. ..,-.1;v..,to, R;lo _ ide T,T Q(l �T�t ,! V,T 81 4 (AA J isle) t4is l 4e— 4e�;dH . -2P fes in26m6 �i, V,T 4141 � 1T+6 (V,Te4..sooc L4 All 5 mile radius around the following latitude/longitude coordinates: GategoF Family, N 26 35 36.4, W 81 38 29 ( Vista Palms A ,;di-H,, 41 _ this also affects Elderly, Homeless or Hendry Countv FarmNvorker/ N 26 35 55.6, W 8148 49.8 (Bernwood) Commercial Fishirw N 26 36 31, W 81 51 3.6 (Westwood) Worker Leon Family, 1Te.�I�ss or Beginning at the intersection of I-10 and Capital Circle NW/SR 2463/CR FarmNvorker/ 157, follow Capital Circle NW/SR 2463/CR 157 north to Orchard Pond Commercial Fishing Road. Follow Orchard Pond Road east to CR 1551N Meridian Road. Follow Worker CR 155/N Meridian Road south to CR 154Bannerman Road/Bradfordville Road/Crump Road southeast to Apalachee Parkway/US 27/SR 20. Follow Apalachee Parkway/TJS 27/SR 20 east to county line. Follow county line south to SR 260/Natural Bridge Road. Follow SR 260/Natural Bridge Road west to SR 3638/Woodville HNN v+ Follow SR 3638/Woodville HNiv north to SR 260/0al: Ridge Road. Follow SR 260/0al: Ridge Road west to SR 61-2/Wakulla Springs Road. Follow SR 61-2/Wakulla Springs Road north to US 319/SR 369/Crawfordville Road. Follow US 319/SR 369/Crawfordville Road northeast to SR 263/SW Capital Circle. Follow SR 263/SW Capital Circle northwest to SR 371/Lale Bradford Road. Follow SR 371/Lale Bradford Road northeast to SR 371/W Orange Ave. Follow SR 371/W Orange Ave west to Eisenhower Street. Follow Eisenhower Street north to Plant Street. Follow Plant Street Nvest to Chiplev Street. Follow Chiplev Street north to Jackson Bluff Road. Follow Jackson Bluff Road west to Applevard Drive/Nhssion Road. Follow Applevard Drive/Nhssion Road north to I-10. Follow I-10 west to Capital ital Circle NW/SR 236/CR 15T Manatee Familv, Elderlv or Entire County FarmNvorker/ Commercial Fishirw "Th+,� Worker R;lo ,-ad. ii, ...1 t4e- 1_lowiag latitude,/I t,,.10 ..,-.1;v..,to, s, _ +iE a TT-2iz �-4�1 All 5 mile radius around the following latitude/longitude coordinates: GategoF Family, N 27 29 14, W 82 31 47.7 (River Trace Senior) Elderly, Homeless or FarmNvorker/ Commercial Fishirw Worker Marion Family, Elderlv Entire County u1oo ,or FarmNvorker/ Commercial Fishing Worker M1and-Dade Family, Elderlv or Begummg at SW 2481' Street and Biscayne Bay, follow SW 2481' Street west FarmNvorker/ to the county line. Follow the county line around the remaining southern Commercial Fishirw portion of the county, then north to SW 248th Street. Worker All G te s Elderlv 1.25 mile radius around the followinw latitude/longitude coordinates: N 25' 45' 49.8, W 80' 11' 43.4 Family, Elderh 1.25 mile radius around the followinw latitude/longitude coordinates: Homeless, and FarmNvorker/Commer N 25' 49' 19.8, W 80' 14' 27.2 cial Fishirw Worker I TA1016 (Rey-. ) 95 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Orange Familv, Elderlv, Homeless or Farmworker/ Commercial Fishing Worker 5 mile radius around the following latitude/longitude coordinates: N 28 29 26.9, W 8124 109 (Grande Pointe) N 28 36 21.7, W 8125 20.7 (Nassau Bav_ I and II) - this also affects Seminole County N 28 34 9.2, W 8125 50.6 (O,ilc Glen) Try' Q R 57.0 �T.7 Q 1 �I0 1,18 /C�.,.-;,-,.. TT�,-hr.,-A h;a��l aocr-a-rrf ccm Tz 4., �Tc,--��'I"�"or7 tl.-o�or., N 28 32 37.7, W 81 14 27.6 (Wentworth II) - this also affects Seminole County �F zrna rs-rrrcrca�a-i. F,;4;j-1:)iiaTc-,, AA,oc-iiTc%cC�Drn-T� j A 1C�:p ( Ta'..11 ...., 117 F,;4;,-1).4,;1-,, AA 4wp,;14plc�:p rsA' ?1v21 �i 1�-:p pRgt-tc HI-1-iiTc_'mn L'..11...,-D.,,-1- A4-�3L.pF7••14l tH PRW;pw -Q(, T,JH1tha-c- 4wp_i;j4p_ ; •,-�lrn�h to--trl•• Tl,pbf3cinT•- 1;,; L'..11...,- fI. l••cmrz- �EE3crsif�1+,; 9 8 Fa+i,;h- 14oR,oleass R a�,- m1„ 4; o ,ir� �t Palm Beach R 4h. u oloss - F,+,, tH� 1 2.11AL :-R H;4 -1 QU G 1 21LIAL :-R H;4 -1 e s ut _4perrsUG _'H"H'1- O: 41H:_RHR 1 e—R,4+ R,-,,,,, the e-Rstei-; „ „sr,..oi+it F 11ow due O—Rst to tH rho WHI-;,1., All r,ori h; Gate.,,, - Family, Elderlv, Homeless or 5 mile radius around the following latitude/longitude coordinates: � 14 �0 o 4u 80 10 10 c ice, ,'1 _1444) N 26 46 32.9,W 80 6 29.6 (Indian Trace) N 26 43 8.4, W 80 5 7.7 (Malibu Bav) N 26 35 11 AN 80 5 0.6 (Marina Bav) N 26 47 58.6,W 80 5 11.1 (Venetian Isles I) N 26 48 3.3,W 80 5 6.4 (Venetian Isles II) N 26 39 29.2,W 80 7 20.7 (Windsor Park) Farmworker/ Commercial Fishirw Worker Pasco Familv, Elderlv or Farmworker/ Commnercial Fishing Worker Entire County Poll. Familv, 14�1ess or Farmworker/ Commnercial Fishing Worker Entire County Familv, Elderlv, Homeless or Farmworker/ Commercial Fishinw 5 mile radius around the followirw latitude/longitude coordinates: N 28 3 44.3,W 8142 19.7 (Villas at Lake Smart) Worker Santa Rosa Familv, Elderlv or Farmworker/ Commnercial Fishing Worker Entire County I TA1016 (Rey . ) 96 6-a6 004(l)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Sarasota Family, Elderlv Begun i ng at the intersection of US 41 /SR 45/Tanliand Trail and the Mvald a or River, follow US 41/SR 45/Tamiami Trail east to De Miranda Ave/Toledo Rd Farmvvorker/ to Hernando Road. Take Hernando Road east to the easternmost point. From Commercial Fishing the easternmost point north to Range Line Run/Tropicaire Blvd. Follow Worker Range Line Run/Tropicaire Blvd east to Van Camp Street. Follow Van Camp Street north to Estates Drive/Reisterstown Road. Follow Estates Drive/Reisterstown Road southeast to Tropicaire Blvd east to Wampee Drive. Follow Wampee Drive east to N Salford Blvd. Follow N. Salford Blvd north to Ellrem Avenue;44w. Follow Ellrem Avenuerv�.,e east to Malton Street. Follow Malton Street south to Tropicatre Blvd. Follow Tropicatre Blvd east to Choctaw Blvd. Follow Choctaw Blvd south to the Snover Waterway. Follow the Snover Waterwav east to the county line. Follow the county line southwest to the Mv_ alda River. Follow the Mv_ alda River to US 41/SR 45/Tanliann Trail. All 5 mile radius around the following latitude/longitude coordinates: GategoF Family, N 26 59 29.4, W 82 145.5 (Hampton Point) - this also affects Desoto and Elderlv, Homeless or Charlotte Counties Farmvvorker/ Commercial Fishirw Worker Seminole Family, Elderlv, F"#+1- ^14,;* Homeless or Farmvvorker/ Commercial Fishing Worker 5 mile radius around the following latitude/longitude coordinates*: N 28 48 55.9,W 81 19 6.7 (Stratford Point) this also affects Volusia and Lale Counties GRi4,;4= N 28 32 37.7, W 81 14 27.6 (Wentworth 11) - this also affects Orange County N 28 47 1.7,W 81 17 40.6 (Windchase) - this also affects Volusia ,,,, County N 28 45 11.3,W 81 17 18.5 (Wyndham) N 28 36 21.7, W 8125 20.7 (Nassau Bav_ I and II) - this also affects Orange County *With the exception of a 2 mile radius around the followirw Latitude/Lorwitude coordinates where Elderlv Developments vvill be permitted: N 28 42 4.1, W 8120 43.4 (Lorwwood Station) - „1-a4-+I,'S;4-1-a4 4ho F 11 H_ .. 1.,tifi,.lo40,-1..;fi4.lo ea T_'T Q8 i�455 4781 1O!;(S4-.,44412044) Ri's ;4"-,H Fe-ts, T-'T Q8�1'7 1 '7 Vd7 41 1 7 '10 6 (ase) t4iS-crli'_'H •,,,mac TWado ccco� oic '1"' ry- "n 1`n�4r-ro-�74 W 81 Q!: (x4a par- r-t4is-^lso Ergnraag� .'7 -20—+; osau iRd r) rFrF c 1174the- 4a 4i-Hu;4 r4etl�!Iolatitude4o+igiWde -e-eeptio+l -2 +14-1e .4441s. g ..4 14., ..-:11 r.o ,..o,-...; 1+0.1 T-'T Q8 '12 1 �Zrrr7-or�41 ' 0 ;1T 4 (TTm O+Ie- A 04 StR40+1-7 St. Johns Familv, Elderlv or Entire County Farmvvorker/ Commercial Fishirw Worker All 5 mile radius around the following latitude/longitude coordinates: I TA1016 (Rev. ) 97 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft G� Fannily, N 29 52 14.5, W 8120 32.7 (Whispering Woods) Elderlv, Homeless or FarmNvorker/ Commercial Fishing Worker St. Lucie Family, Elderlv Entire Countv u too , Or FarmNvorker/ Commercial Fishing Worker All 5 mile radius around the following latitude/longitude coordinates: Gate,� Fannily, N 27 20 46.4, W 80 22 56.6 (Peacock Run) Elderlv, Homeless or N 27 25 27.6 W 80 22 33.5 (Sabal Chase) FarmNvorker/ N 27 35 11.8, W 80 24 33.2 (Preserve at Oslo `x7^^ ei-H) - this also Commercial Fishine affects Indian River Countv_ Worker Volusia Familv, Elderlv or Entire Countv FarmNvorker/ Commercial Fishing 11 -A_dius . r a 11,o f n, e lati 4dell., ;Wde o o I,d in ato0 , Worker A11 rlo,til.. rt,-.,,..1.; Gategefies -- �_'TQQ 15 ? Va7 8 i 6 '104 (a,,,, r aafeo) 4i's "-, ff zl lo.- G,.,,,,h. 'fo T42P1 14 ( W81 1; 44+-2 ((-ii meld crlaee) T4 ,18 �G+0 W 81 1 O ! ; /S4-444d 12eii1t\ t4is;41iSH ;444�� ,_4,8 -28 .�,'cmrinnc••l� G^14,;4 - TN Q91'7 1 7 \x7 81 1; ;1l1 6 /\x7�,44 nose)tnx1'isc 1,_,H .11-e �14,; 4 - "'C'r"v-ri+eci8z.,"cm ncrr,�••1�,�,-1 Familv, Elderlv, 5 mile radius around the following latitude/longitude coordinates: Homeless or N 29 4 16.3, W 81 1 14.2 (Ashton Point) FarmNyorker/ N 29 15 3.7, W 816 40.4 (San Marco) - this also affects Flagler Countv Commercial Fishing TT- 0 1 1 ! W 81 17 44 -2 ((-.a444el112!aee) ��—�-.��ro�� Worker N 28 48 55.9,W 81 19 6.7 (Stratford Point) - this also affects Seminole and Lake Counties F N 28 47 1.7,W 81 17 40.6 (Windchase) - this also affects Seminole ,,,, Countv Walton Family, Elderlv Entire Countv u1oo ,or FarmNvorker/ Commercial Fishing Worker (2) Total Set -Aside Breakdown Commitments to set aside residential units made by those Applicants that receive funding will become the minimum set - aside requirements for any other Corporation funds, to include non-competitive HC, that the Applicant may receive in the future for the same Development. The total set -aside for MMRB, within the MMMB column, should not exceed 85 percent. In the event an MMRB Applicant selects a total set -aside percentage which is higher than 85 percent in the MMMB column, the highest set -aside percentage will be adjusted to bring the total set -aside percentage down to 85 percent. I TA1016 (Rev. ) 98 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (a) Extremely Low Income (ELI) Set -Aside Commitment (Threshold) The minimum ELI Set -Aside threshold requirements are as follows: Proposed Funding Development Demo2ranhic Minimum Development's Requested Category Cate2ory ELI Set - Qualification as Aside LHeatiwi A an Commitment LDA to Meet Development Threshold Proposed Competitive New Elderly (Non- 10% of the ALF and ALF): Development does 9% HC, or Construction; or total units or Familv: or not quality as a Competitive Rehabilitation r ^^gin an 9% HC and (with or without Farmworker/ LDA Development HOME Acquisition), or Commercial Redevelopment Fishing Worker (with or without Acquisition) Homeless: or 20% of the Persons Nvith total units ** Special Needs Preservation All 20% of the (with or without Deino�4raphic total units ** Commitments Acquisition) NINIRB (with or New All Automatically without non- Construction; or Demo . -ate deemed to Commitments competitive 4% Rehabilitation meet HC), or non- (with or without threshold competitive HC Acquisition), or with -out arty only Redevelopment ELI Set - (with or without Aside Acquisition), or commitment Preservation (with or without Acquisition) Proposed Competitive 9% New Elderlv (Non- 20% of the ALF and ALF), Development HC, or Construction; or total units ** or Familv: or qualifies as a Competitive HC Rehabilitation r ^^gin an and HONIE, or (with or without Farmworler/ LDA Development NIMRB (with or Acquisition), or Commercial * without non- Redevelopment Fishine competitive 4% (with or without Worker: or HC) , or non- Acquisition), or Homeless competitive HC Preservation onh• (with or without Acquisition) *And meets the requirements outlined in Part IILE.l.b.(1)(a), (b) or (c) above. During the Compliance Period, if Congress fails to appropriate funding for the PBRA contract -,N-ith HUD or RD, and if the 201 o ELI set -aside is comprised of at least 100 o PBRA units, then the ELI set -aside requirement -vNill be reduced from 200 o to 100 o and those units (100 o) NNill convert to the highest set -aside committed to by the Applicant in the Application. (b) Special Needs Households (4 Points) L?a1016 (Rev.) 99 6--46.004(1)(i)t 6--'1.003(1)(i), F A.C. 8-31-12 Draft Competitive HC Applicants that select and qualify for the Homeless, Elderly ALF, or Persons with Special Needs Demographic Commitment at Part IILD. of the Application will automatically receive 4 points for this section of the Abblication without anv commitment to set aside anv ELI units for Special Needs Households. Competitive HC Applicants that select and qualify for the Elderly Non-ALF, Farmworker/Commercial Fishing Worker, or Family Demographic Commitment at Part IILD. of the Application will (see P601 hol be eligible for points if the Applicam, u rampe66e r �nusn commits to: 0 Set aside at least 50 percent of its ELI units for Special Needs Households; and (ii) Develop and execute a Memorandum of Understanding (MOU) with at least one designated Special Needs Household Referral Agency for the county where the proposed Development will be located. The deadline for the MOU will be established in the Carryover Allocation Agreement. Theo .,6af �a rho above r � ; if a !''l,,,,.,e66 e eeel �s . 4hati, any eamm4metq� Applicants requesting MMRB and Applicants requesting non-competitive HC only will also automatically receive 4 points without any commitment to set aside any ELI units for Special Needs Households. The Applicant's ELI Set -Aside commitment must be entered on the applicable total set -aside breakdown chart (see Item Lb.(2)(d) below). ELI County Chart County ELI Set -Aside County ELI Set -Aside AMI level AMI level Alachua 40% 444 Lee 35% 444 Balser 35% Leon 33%?rn-,-oi Bay 35% Levy 45% Bradford 40% Liberty 40% 4344 Brevard 35%444 Madison 45% Broward 28%24-04 Manatee 33%?rn-,-oi Calhoun 45% Marion 40% Charlotte 40%fie Martin 35%fie L?A1016 (Rev.) 100 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Citrus 45% Clav 30% Collier 28% Columbia 45% De Soto 45% Dixie 45% Duval 30% Escambia 35% Flagler 35%444 Fraiddin 45% Gadsden 33%444 Gilchrist 40%444 Glades 45% Gulf 40% 4�e Hamilton 45% Hardee 45% Hendry 45% Hernando 40%47344 Highlands 45% Hillsborough 40%4;4 Holmes 45% Indian River 40% 4;4 Jackson 45% Jefferson 33%?rn-,-oi Lafavette 1 40%4 04 Lake I 35% 4411", Miami -Dade 33%fie Monroe 25% Nassau 30% Okaloosa 30% Okeechobee 45% Orange 35%fie Osceola 35%fie Palm Beach 28% Pasco 40% Pinellas 40% Poll 40% Putnam 45% St. Johns 30% St. Lucie 35%fie Santa Rosa 35%fie Sarasota 33%?rn-,-oi Seminole 35%fie Sumter 40% SuNvamiee 45% Tavlor 45% Union 40% Volusia 35% Wakulla 33% 44-04 Walton 40% Washington 45% (c) Total Set -Aside Commitment (3 Points) Applicants, except those requesting funding for ALF Developments, will receive 3 points for a commitment to set aside at least 70 percent of the Development's units at 60 percent AMI or less. Applicants requesting funding for ALF Developments will receive 3 points for a commitment to set aside at least 50 percent of the Development's units at 60 percent AMI or less. The total set -aside must be entered on the applicable total set -aside breakdown chart (see Item l.b.(2)(d) below). (d) Total Set -Aside Breakdown Chart Complete each column of the applicable total set -aside breakdown chart at Part III.E. l.b.(3) in the Application. The Applicant must indicate on the applicable total set - aside breakdown chart the percentage of residential units, stated in whole numbers, to be set aside at each selected AMI level. Where reasonably possible, Applicants will be required to keep the unit mix consistent across each committed AMI level. L?A1016 (Rev.) 101 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft In the event of a discrepancy between the set -aside commitments shown in this section and those shown elsewhere within the Application, the set -aside commitments shown in this section shall be deemed to be the Applicant's set -aside commitments. 2. Commitment for HOME Applications: a. Minimum HOME -Assisted Units (Threshold for Applicants requesting Competitive HC and HOME) HOME Applicants must calculate the minimum number of set -aside units required by HUD and the minimum number of set -aside units as a percentage of the total units. If the Total Development Cost is revised during the scoring process, either by the Corporation or by the Applicant as provided in Rule Chapter 67-48.004, F.A.C., the smaller amount of Total Development Cost will be used for the purposes of calculating this set -aside and she plieable p �s will be awar-ded f set4i lg side ,g4 In the event of a discrepancy between the amounts entered by the Applicant at Part III.E.2.a.(1), (2) and/or (4) and those shown elsewhere within the Application, the HOME loan request amount stated at Part V.A.1. shall be deemed to be the requested amount, the Total Development Cost amount stated on the Development Cost Pro -Forma shall be deemed to be the Total Development Cost (unless revised as provided above, in which case the smaller amount will be deemed to be the Total Development Cost), and the total number of units stated at Part IILA.6.a. shall be deemed to be the total number of units for the Development. b. Summary of HOME -Assisted Units Low HOME Rent units must be equal to or greater than 20 percent of the total set -aside units committed to. All remaining set -aside units will be High HOME Rent units. Calculate the number of Low HOME and High HOME rent units. Round up the number of Low HOME Rent Units to the next whole unit. High and Low HOME Rent charts are incorporated by reference and are available on the Corporation's Website under the 2013 2011 Universal Application link labeled Related References and Links. 3. Affordability Period (Maximum 5 Points): If the Applicant irrevocably commits to set aside units in the proposed Development for a total of 31 or more years, points will be awarded based on the following chart: L?A1016 (Rev.) 102 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft F. Total Set -Aside Years Points Awarded 50 or more 5 45-49 4 40-44 3 35-39 2 31-34 1 Any HC Applicant that commits to set aside units beyond the HC minimum 30 years is also irrevocably committing to waive the option to convert to market after year fourteen (14). Resident Programs (Maximum 14 Points) Applicants may select resident programs from the Qualified Resident Programs for Non - Elderly,. ffPA Non -Homeless, and Non -Persons with Special Needs Developments section, the Qualified Resident Programs for Homeless Developments — SRO and Non -SRO section, or the Qualified Resident Programs for Elderly Developments — Non-ALF and ALF section, or the Qualified Resident Programs for Persons with Special Needs section, up to a maximum of 6 points. Programs in the Qualified Resident Programs for All Applicants section may be selected, up to a maximum of 8 points. All resident programs selected by the Applicant will be included in the Land Use Restriction Agreement and/or Extended Use Agreement and must be maintained in order for the Development to remain in compliance unless the Board approves a change. Qualified Resident Programs for Non -Elderly,. Non -Homeless, and Non - Persons with Special Needs Developments (Maximum 6 Points) To be eligible to select resident programs from this category, the Applicant cannot have selected and qualified for the Elderly,of Homeless, or Persons with Special Needs Demographic Commitment at Part III.D. a. Homeownership Opportunity Program. MMRB and HC Applicants may only select Item (1) below, with one exception. The exception is that HC Applicants that selected "Single Family Rental" as the Development Type at Part III.A.4. have the option of selecting either Item (1) or Item (2) below. (1) Financial Assistance with Purchase of a Home. (2 points) Applicant commits to provide a financial incentive which includes the following provisions: ■ The incentive must be applicable to the home selected by the resident and may not be restricted to or enhanced by the L?A1016 (Rev.) 103 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft purchase of homes in which the Applicant, Developer, or other related party has an interest; ■ the incentive must be not less than 5 percent of the rent for the resident's unit during the resident's entire occupancy (Note: Resident will receive the incentive for all months for which the resident is in compliance with the terms and conditions of the lease. Damages to the unit in excess of the security deposit will be deducted from the incentive.); ■ the benefit must be in the form of a gift or grant and may not be a loan of any nature; ■ the benefits of the incentive must accrue from the beginning of occupancy; ■ the vesting period can be no longer than 2 years of continuous residency; and ■ no fee, deposit or any other such charge can be levied against the resident as a condition of participation in this program. (2) For HC Single Family Rental Developments Only (Application reflects the Single Family Rental Development Type at Part IILA.4.): Financial Assistance with Purchase of a Unit in the Development. (1 point) Applicant must make this homeownership opportunity program available to all residents in compliance with their current lease, at no cost to the resident. The program must set aside 10 percent of the resident's gross rent towards a down payment to assist the resident in the purchase of a unit in the Development. The resident may be suspended from the program during the period of a lease if the resident violates any provision of the lease. Upon renewal of the lease, the resident must be reinstated into the program for the period of that renewal, with suspension permitted under the same terms as discussed above. b. After School Program for Children - This program requires the Applicant or its Management Company to provide supervised, structured, age - appropriate activities for children during the after school hours, Monday through Friday. Activities must be on -site and at no charge to the residents. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (3 points) First Time Homebuyer Seminars - Applicant or its Management Company must arrange for and provide, at no cost to the resident, in conjunction L?A1016 (Rev.) 104 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft with local realtors or lending institutions, semiannual on -site seminars for residents interested in becoming homeowners. Seminars must be held between the hours of 9:00 a.m. and 9:00 p.m. and electronic media, if used, must be used in conjunction with live instruction. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (1 point) d. Literacy Training - Applicant or its Management Company must make available, at no cost to the resident, literacy tutor(s) who will provide weekly literacy lessons to residents in private space on -site. Training must be held between the hours of 9:00 a.m. and 9:00 p.m. and electronic media, if used, must be used in conjunction with live instruction. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (2 points) Employment Assistance Program - Applicant or its Management Company must provide, at no cost to the resident, a minimum of quarterly scheduled Employment Assistance Program workshops/meetings offering employment counseling by a knowledgeable employment counselor. Such a program includes employability skills workshops providing instruction in the basic skills necessary for getting, keeping, and doing well in a job. The instruction must be offered between the hours of 9:00 a.m. and 9:00 p.m. and must include, but not be limited to, the following: • Evaluation of current job skills; • Assistance in setting job goals; • Assistance in development of and regular review/update of an individualized plan for each participating resident; • Resume assistance; • Interview preparation; and • Placement and follow-up services. If the Development consists of Scattered Sites and the training is provided on site, it must be provided on the Scattered Site with the most units. If the training is not provided on -site, transportation at no cost to the resident must be provided. Electronic media, if used, must be used in conjunction with live instruction. (2 points) 2. Qualified Resident Programs for Homeless Developments - SRO and Non -SRO (Maximum 6 Points) To be eligible to select resident programs from this category, the Applicant must have selected and qualified for the Homeless Demographic Commitment at Part IILD. L?A1016 (Rev.) 105 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Note: All Applicants selecting and qualifying for the Homeless Demographic Commitment in this Application will be required to provide a Case Management Program whereby the Applicant or its Management Company must provide, at no cost to the resident, a Case Manager (at least one for every 25 Homeless or formerly Homeless resident families) whose activities are aimed at assessing resident needs, planning services, linking the service system to a resident, coordinating the various system components, monitoring service delivery, and evaluating the effect of service delivery. Case Managers must possess at least a bachelor's degree in human services or a related field. a. The following resident programs are available for SRO Developments only (Applicant selected the SRO Development Type at Part IILA.4.): (1) Staffed Kitchen/Cafeteria - Applicant or its Management Company must provide, at no cost to the resident, an on -site staffed kitchen/cafeteria that provides at least one meal, 7 days per week between the hours of 9:00 a.m. and 9:00 p.m. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (3 points) (2) Daily Activities — Applicant or its Management Company must provide on -site supervised, structured activities, at no cost to the resident at least 5 days per week which must be offered between the hours of 9:00 a.m. and 9:00 p.m. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (3 points) b. The following resident programs are available for Non -SRO Developments only: (1) Homeownership Opportunity Program. MMRB and HC Applicants may only select Item (a) below, with one exception. The exception is that HC Applicants that selected "Single Family Rental" as the Development Type at Part IILA.4. have the option of selecting either Item (a) or Item (b) below. (a) Financial Assistance with Purchase of a Home. (2 points) Applicant commits to provide a financial incentive which includes the following provisions: The incentive must be applicable to the home selected by the resident and may not be restricted to or enhanced by the purchase of homes in which the Applicant, Developer, or other related party has an interest; L?A1016 (Rev.) 106 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft ■ the incentive must be not less than 5 percent of the rent for the resident's unit during the resident's entire occupancy (Note: Resident will receive the incentive for all months for which the resident is in compliance with the terms and conditions of the lease. Damages to the unit in excess of the security deposit will be deducted from the incentive.); ■ the benefit must be in the form of a gift or grant and may not be a loan of any nature; ■ the benefits of the incentive must accrue from the beginning of occupancy; ■ the vesting period can be no longer than 2 years of continuous residency; and ■ no fee, deposit or any other such charge can be levied against the resident as a condition of participation in this program. (b) For HC Single Family Rental Developments Only (Application reflects the Single Family Rental Development Type at Part IILA.4.): Financial Assistance with Purchase of a Unit in the Development. (1 point) Applicant must make this homeownership opportunity program available to all residents in compliance with their current lease, at no cost to the resident. The program must set -aside 10 percent of the resident's gross rent towards a down payment to assist the resident in the purchase of a unit in the Development. The resident may be suspended from the program during the period of a lease if the resident violates any provision of the lease. Upon renewal of the lease, the resident must be reinstated into the program for the period of that renewal, with suspension permitted under the same terms as discussed above. (2) After School Program for Children - This program requires the Applicant or its Management Company to provide supervised, structured, age -appropriate activities for children during the after school hours, Monday through Friday. Activities must be on -site and at no charge to the residents. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (3 points) (3) First Time Homebuyer Seminars - Applicant or its Management Company must arrange for and provide, at no cost to the resident, L?A1016 (Rev.) 107 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft in conjunction with local realtors or lending institutions, semiannual on -site seminars for residents interested in becoming homeowners. Seminars must be held between the hours of 9:00 a.m. and 9:00 p.m. and electronic media, if used, must be used in conjunction with live instruction. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (1 point) The following resident programs are available for both SRO and Non - SRO Developments: (1) Literacy Training - Applicant or its Management Company must make available, at no cost to the resident, literacy tutor(s) who will provide weekly literacy lessons to residents in private space on - site. Training must be held between the hours of 9:00 a.m. and 9:00 p.m. and electronic media, if used, must be used in conjunction with live instruction. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (2 points) (2) Employment Assistance Program - Applicant or its Management Company must provide, at no cost to the resident, a minimum of quarterly scheduled Employment Assistance Program workshops/meetings offering employment counseling by a knowledgeable employment counselor. Such a program includes employability skills workshops providing instruction in the basic skills necessary for getting, keeping, and doing well in a job. The instruction must be offered between the hours of 9:00 a.m. and 9:00 p.m. and must include, but not be limited to, the following: • Evaluation of current job skills; • Assistance in setting job goals; • Assistance in development of and regular review/update of an individualized plan for each participating resident; • Resume assistance; • Interview preparation; and • Placement and follow-up services. If the Development consists of Scattered Sites and the training is provided on site, it must be provided on the Scattered Site with the most units. If the training is not provided on -site, transportation at no cost to the resident must be provided. Electronic media, if used, must be used in conjunction with live instruction. (2 points) L?A1016 (Rev.) 108 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 3. Qualified Resident Programs for Elderly Developments — Non-ALF and ALF (Maximum 6 Points) To be eligible to select resident programs in this category, the Applicant must have selected and qualified for the Elderly Demographic Commitment at Part IILD. Note: All Applicants selecting and qualifying for the Elderly Demographic Commitment as an Assisted Living Facility at Part III.D. will be required to provide a Case Management Program whereby the Applicant, Management Company, or its Service Provider must provide, at no cost to the resident, a Case Manager (at least one for every 25 residents) whose activities are aimed at assessing resident needs, planning services, linking the service system to a resident, coordinating the various system components, monitoring service delivery, and evaluating the effect of service delivery. Case Managers must possess at least a bachelor's degree in human services or a related field. a. The following resident programs are available for Elderly Non-ALF Developments only: (1) Daily Activities - Applicant or its Management Company must provide on -site supervised, structured activities, at no cost to the resident, at least five days per week which must be offered between the hours of 8:00 a.m. and 7:00 p.m. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (3 points) (2) Assistance with Light Housekeeping, Grocery Shopping and/or Laundry - The Applicant or its Management Company must provide residents with a list of qualified service providers for (a) light housekeeping, and/or (b) grocery shopping, and/or (c) laundry and will coordinate, at no cost to the resident, the scheduling of services. The Developer or Management Company shall verify that the services referral information is accurate and up-to-date at least once every six (6) months. (1 point) (3) Resident Assurance Check -In Program — Applicant commits to provide and use an established system for checking in with each resident on a pre -determined basis not less than once per day, at no cost to the resident. Residents may opt out of this program with a written certification that they choose not to participate. (2 points) (4) Manager On -Site 24 Hours Per Day — Applicant must provide management personnel on the Development's premises at all times who will be available and accessible to the residents 24 hours per day, seven days per week, at no cost to the resident. The on -site management personnel shall be available at all times to receive L?A1016 (Rev.) 109 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft calls from residents and help determine the approach to address the issue. The Development's owner or designated manager shall develop and implement policies and procedures for receiving a resident call and how to assess and handle the call based on a resident's request and/or need. At a minimum, residents shall be informed of the Resident Program at move -in and via a written notice(s) clearly displayed in the Development's common or public spaces. If the Development consists of Scattered Sites, management personnel must, at a minimum, be on the Scattered Site with the most units 24 hours a day, 7 days a week. Although the Scattered Sites Development management personnel may be located only on the Scattered Site with the most units, they must be available to and provide the same resident program services to all the Development's residents. (3 points) b. The following resident programs are available for Elderly ALF Developments only (Applicant selected "Yes" at Part IILD. La.): (1) Medication Administration — The Applicant or its Management Company shall provide, pursuant to ALF licensure requirements, staff to administer medications in accordance with a health care provider's order or prescription label. (3 points) (2) Services for Persons with Alzheimer's Disease and Other Related Disorders — The Applicant or its Management Company shall advertise and provide supervision and services to persons with Alzheimer's disease and other related disorders that are specific to each affected resident and pursuant to ALF licensure requirements. (3 points) The following resident programs are available for both Elderly Non-ALF and Elderly ALF Developments: (1) Private Transportation — The Applicant or its Management Company must make available a safe and serviceable vehicle that can transport residents to off -site locations for such things as medical appointments, public service facilities, and/or educational or social activities, at no cost to the resident. A nearby bus stop or access to programs such as "Dial -A -Ride" will not be acceptable for purposes of this program. (3 points) (2) Literacy Training - Applicant or its Management Company must make available, at no cost to the resident, literacy tutor(s) who will provide weekly literacy lessons to residents in private space on - site. Training must be held between the hours of 8:00 a.m. and 7:00 p.m. and electronic media, if used, must be used in L?A1016 (Rev.) 110 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft conjunction with live instruction. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (2 points) (3) Computer Training — The Applicant or its Management Company shall make available computer and internet training classes (basic and/or advanced level depending on the needs and requests of the residents). The training classes must be provided at least once a week, at no cost to the resident, in a dedicated space on site. Training must be held between the hours of 8:00 a.m. and 7:00 p.m. and electronic media, if used, must be used in conjunction with live instruction. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (2 points) 4. Qualified Resident Programs for Persons with Special Needs (Maximum 6 Points) To be eligible to select resident programs in this category, the Applicant must have selected and qualified for the Persons with Special Needs Demographic Commitment at Part III.D. Note: All Abblicants selecting and aualifvina for the Persons with Special Needs Demographic Commitment at Part IILD. will be required to provide a Case Management Program whereby the Applicant, Management Company, or its supportive services provider must provide, at no cost to the resident, a Case Manager (at least one for every 25 residents) whose activities are aimed at assessing resident needs, planning services, linking the service system to a resident, coordinating the various system components, monitoring service delivery, and evaluating the effect of service delivery. Case Managers must possess at least a bachelor's degree in human services or a related field. a. Private Transportation - The Abblicant or its Management Combanv must make available a safe and serviceable vehicle that can transport residents to off -site locations for such things as medical appointments, public service facilities, and/or educational or social activities, at no cost to the resident. A nearby bus stop or access to programs such as "Dial -A -Ride" will not be acceptable for purposes of this pram. (3 points) b. Manauer On -Site 24 Hours Per Dav - Abblicant must provide manauement personnel on the Development's premises at all times who will be available and accessible to the residents 24 hours per day, seven days per week, at no cost to the resident. The on -site management personnel shall be available at all times to receive calls from residents and help determine the approach to address the issue. The Development's owner or designated L?A1016 (Rev.) 111 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft manager shall develop and implement policies and procedures for receiving a resident call and how to assess and handle the call based on a resident's request and/or need. At a minimum, residents shall be informed of the Resident Program at move -in and via a written notice(s) clearly displayed in the Development's common or public spaces. If the Development consists of Scattered Sites, management personnel must, at a minimum, be on the Scattered Site with the most units 24 hours a day, 7 days a week. Although the Scattered Sites Development management personnel may be located only on the Scattered Site with the most units, they must be available to and provide the same resident program services to all the Development's residents. (3 points) C. Supported Employment Program (4 points) - Applicant or its Management Company must provide, at no cost to the resident, a Supported Employment (SE) program. SE is an approach to vocational rehabilitation for people with serious mental illnesses that emphasizes helping them obtain competitive work in the community and providing the supports necessary to ensure their success in the workplace. SE helps their consumers obtain competitive jobs, specifically competitive i obs are Dart -time or full-time i obs that exist in the open labor market and pay at least a minimum wage, and that anyone could have regardless of their disability status. The following are the basic components of supported employment: Paid Employment - Wages are a major outcome of supported employment. Work performed must be compensated with the same benefits and wages as other workers in similar jobs receive. This includes sick leave, vacation time, health benefits, bonuses, training opportunities, and other benefits. Employment must be for at least 18 hours per week, and Integrated Work Sites - Integration is one of the essential features of supported employment. Individuals with disabilities should have the same opportunities to participate in all activities in which other employees participate and to work alongside other employees who do not have disabilities, and Ongoing Support - A key characteristic which distinaiishes supported employment from other employment prams is the provision of ongoing support for individuals with severe disabilities to maintain employment. d. English as a Second Langiage - The Applicant or its Management Company must make available, at no cost to the resident, literacy tutor(s) who will provide weekly English lessons to residents in private space on- L?A1016 (Rev.) 112 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft site. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. Lessons must be offered between the hours of 9:00 a.m. and 8:00 p.m. and electronic media, if used, must be used in conjunction with live instruction. (2 points) e. Effective Communication for Conflict Resolution - Abblicant or its Management Company must provide, at no cost to the resident, (quarterlX, semiannual?) on site seminars for residents interested in developing skills in mannin4 conflicts. The pram must have components that help residents develop communication skills that will be effective in resolving di�eements before they escalates into full-blown conflicts. The pr�ain must provide an opportunities for residents to practice ways of speaking and listening that lead to mutually beneficial problem solving. (2 points) f. Safety Awareness Program - Abblicant or its Manauement Combanv must provide, at no cost to the resident, at least quarterly, on site seminars on safety awareness by organizations and/or persons with community and/or personal safety training expertise. The Safety Awareness program must cover strategies for staying safe in the home, neighborhood, workplace or school. (2 points) g. Stress Management - Applicant or its Management Company must provide_ at no cost to the resident_ at least monthly on site seminars for residents interested in learning stress management techniques. The components of the seminars must cover the science of stress, including stress -related health problems, such as heart disease, high blood pressure, and metabolic syndrome. The seminars must cover strategies to help cope with stress resistance and make residents less vulnerable to stress. (2 points) m 5.4 Qualified Resident Programs for ALL Applicants (Maximum 8 Points) a. Health and Wellness (1) The following resident programs are available for All Developments Except Elderly ALF Developments: (a) Health Care — At least quarterly visits by health care professionals such as nurses, doctors, or other licensed care providers. At a minimum, the following services must be provided: health screening, flu shots, vision and hearing tests. Regularly scheduled is defined as not less often than once each quarter. On -site space must be provided. Service L?A1016 (Rev.) 113 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft must be provided at no cost to the residents, with the exception that the residents may be charged for medications. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (2 points) (b) Health and Nutrition Classes — At least 8 hours per year, provided on site at no cost to the residents. Classes must be held between the hours of 8:00 a.m. and 7:00 p.m. and electronic media, if used, must be used in conjunction with live instruction. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (2 points) (c) Mentoring — Establish a partnership with a primary or secondary education institution to encourage mentoring, tutoring and/or financial support that will benefit the residents of the proposed affordable housing community. This service must be provided at no cost to the resident. The mentoring service must be offered between the hours of 8:00 a.m. and 7:00 p.m. and electronic media, if used, must be used in conjunction with live instruction. (2 points) (2) The following resident programs are available for Elderly ALF Developments only (Applicant selected "Yes" at Part IILD. La.): (a) Health and Wellness Services and Activities — The Applicant or its Management Company shall make available, at no cost to the resident, an on -site facility(s) to provide individual and group health and wellness activities provided by organizations or staff licensed, certified or trained to conduct the activities. Electronic media, if used, must be used in conjunction with live instruction. (2 points) These activities must include: (i) at least monthly scheduled and structured health care related screenings such as hearing, vision, dental, nutrition, mobility and mental health provided by licensed or certified professionals relevant to the activity; (ii) at least weekly scheduled and structured health and wellness educational activities providing information and instruction on topics such as nutrition and diet, medications, mobility and exercise, good mental health and health care self -advocacy; and (iii) at least daily activities related to resident appropriate exercise and physical movement. L?A1016 (Rev.) 114 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (b) Mentoring and Intergenerational— The Applicant or its Management Company shall establish and maintain partnership(s) with a primary or secondary education institution(s) to encourage and coordinate structured mentoring, tutoring and other intergenerational activities among the residents and community's students. Other examples include foster grandparents, volunteer companion and chore programs. Electronic media, if used, must be used in conjunction with live instruction. (2 points) b. Resident Activities - These specified activities are planned, arranged, provided and paid for by the Applicant or its Management Company and held between the hours of 9:00 a.m. and 9:00 p.m. These activities must be an integral part of the management plan. The Applicant must develop and execute a comprehensive plan of varied activities that brings the residents together and encourages community pride. The goal here is to foster a sense of community by bringing residents together on a regularly scheduled basis by providing activities such as holiday and special occasion parties, community picnics, newsletters, children's special functions, etc. (2 points) Financial Counseling - This service must be provided by the Applicant or its Management Company, at no cost to the resident, and must include the following components: must be regularly scheduled at least once each quarter; must include tax preparation assistance by qualified professionals; must include educational workshops on such topics as "Learning to Budget", "Handling Personal Finances", "Predatory Lending", or "Comparison Shopping for the Consumer". Counseling sessions must be held between the hours of 9:00 a.m. and 8:00 p.m. and electronic media, if used, must be used in conjunction with live instruction. (2 points) d. English as a Second Language — The Applicant or its Management Company must make available, at no cost to the resident, literacy tutor(s) who will provide weekly English lessons to residents in private space on - site. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. Lessons must be offered between the hours of 9:00 a.m. and 8:00 p.m. and electronic media, if used, must be used in conjunction with live instruction. (2 points) Resident Assistance Referral Program - The Applicant or its Management Company will make available to residents information about services such as crisis intervention, individual and family needs assessment, problem solving and planning, appropriate information and referral to community resources and services based on need, monitoring of ongoing ability to retain self sufficiency, and advocacy to assist clients in securing needed L?A1016 (Rev.) 115 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft resources. This service must be provided at no cost to the resident. Electronic media, if used, must be used in conjunction with live instruction. The Developer or Management Company shall verify that the services referral information is accurate and up-to-date at least once every six (6) months. (2 points) f. Swimming Lessons - The Applicant or its Management Company must provide on -site swimming lessons for children or adults, at no cost to the resident, at least twice each year. (2 points) g. Life Safety Training - The Applicant or its Management Company must provide courses such as fire safety, first aid (including CPR), etc., on -site, at least twice each year, at no cost to the resident. Electronic media, if used, must be used in conjunction with live instruction. If the Development consists of Scattered Sites, this resident program must be provided on the Scattered Site with the most units. (2 points) Applicants requesting HOME funding must answer the questions in Part III. G, H and I below. G. HOME Uniform Relocation Act (Threshold) The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA) is government -wide legislation and compliance begins at the initiation of negotiation for federal assistance. Failure to provide all required Uniform Relocation Act information shall result in threshold failure. Applicant must select "Yes" if any units in Vie€ the proposed Development are occupied will in -valve e bi!44iat «,ar4, regardless of the Development Category selected at Part IILA.3.a. of the Application 2. a. - d.,&- Answer all questions as appropriate. e.f-. Provide the following documentation in a separate notebook entitled "Relocation Documentation". Only one copy of this documentation is required. (1) & (2) List of all occupied units and tenant income certifications - The income of persons and households who are currently occupying a unit that will receive HOME assistance must be provided to determine whether they are income eligible. For all occupied units, the Applicant must provide a summary list of all residents and income certifications for those residents in occupied units that will be HOME -Assisted Units. If the existing residents and/or Development is/are currently participating in a federally subsidized L?A1016 (Rev.) 116 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft program (such as Project -based Section 8, Section 8 Existing or Section 8 Voucher Programs), the residents' current income certification forms required for that program may be used instead. (3) Provide a brief description of how the Development will meet the HOME set -aside requirements. The description must indicate whether the existing residents are HOME eligible residents, or whether the residents will be evicted and replaced with income eligible residents in order to meet the set -aside requirements committed to in this Application. (4) Cost of Relocation - Describe how the cost of relocation will be covered. Detail how the temporary and permanent relocation will be handled. (5) General Information Notice - In accordance with the Uniform Relocation Act (URA), as part of 24 CFR Part 92, a Development applying for HOME funds must provide a notice to all tenants at time of Application, informing them of their rights under the URA in accordance with Chapter 2 of the HUD Handbook 1378. The Handbook is incorporated by reference and is available on the Corporation's Website under the 2013 2011 Universal Application link labeled Related References and Links. The proper manner of notice is provided in this Handbook. A copy of each General Information Notice must be provided to each tenant, not just tenants in HOME -Assisted Units. The Applicant must provide a copy of each General Information Notice for each occupied unit in the notebook labeled "Relocation Documentation". Each notice must include proof of delivery by certified letter or by signed copy of the notice when hand delivered. 3. a. If the Applicant owns the Development site, provide a narrative describing the acquisition behind a tab labeled "Exhibit 36 35-A". This narrative must describe how, when, and from whom the property was acquired and whether or not the property was vacant when acquired. b. If the Applicant is a private company and is acquiring the property, the Applicant (buyer) must provide the seller with a notice that the buyer does not have the power of eminent domain to obtain the property and a determination of market value will estimate the value of the property. This must be done prior to execution of the contract or may be attached as an addendum to the contract. A copy of the required notice must be provided behind a tab labeled "Exhibit 36 35-W. A sample addendum is available on the Corporation's Website. If the Applicant is a public (government) Applicant, respond to all applicable remaining questions in this relocation section. L?A1016 (Rev.) 117 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft d. If the buyer has the power of eminent domain, buyer must notify the seller in writing that it has such power and the determination of market value for the property is being waived. Provide a copy of the required notice behind a tab labeled "Exhibit 36 3 C". A sample notice is available on the Corporation's Website If the Applicant is a public (government) Applicant and does not have the power of eminent domain, provide the following: (1) notice of interest, (2) determination of fair market value, (3) appraisal of the property, and (4) written offer of just compensation which includes a statement of just value, property description, and identification of buildings. Provide all required documentation behind a tab labeled "Exhibit 36 3&G". H. HOME Certification of Consistency With the Consolidated Plan (Threshold) Provide evidence behind a tab labeled "Exhibit 37 35-D" that the proposed Development is consistent with the applicable Consolidated Plan. Developments located in entitlement jurisdictions should request a certification of consistency letter from the appropriate authorities in that jurisdiction (typically, the community development staff). Developments located in non -entitlement jurisdictions (e.g. small non -entitlement cities or unincorporated areas of counties) should request a certification of consistency letter from the state. Failure to provide this certification will result in threshold failure. To request a certification of consistency letter from the state (or if you are not sure which Consolidated Plan applies to the location of your proposed HOME Development), please contact: Stacie Roldan-Toci Tud Peaea ', (or her successor) Florida Department of Economic Opportunity 850-922-1454 I. HOME Other Federal Requirements (Threshold) Federal Labor Requirements - Owners of a building or buildings which consist of 12 or more HOME n ssi4ed uUnits which are to be constricted or rehabilitated by the same contractor under a single contract (including Scattered Site Developments) must comply with the Federal Labor Standards requirements as identified in 24 CFR Part 92 and Rule Chapter 67-48, F.A.C. Federal Labor Standards require that all persons working on the site be paid an hourly rate not less than the minimum rate specified in the Wage Determination issued by HUD for each particular property. The owner will be required to submit to the Corporation, or its representative servicer, payroll reports and certifications to verify wage payments. Conformance with Labor Standards will be monitored during the constriction/rehabilitation period in conjunction with the L?A1016 (Rev.) 118 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft draw inspections by the consulting engineer/architect engaged by the underwriter/servicer. If the Development contains 12 or more HOME n ssis�ed uUnits to be rehabilitated or constricted under a single contract, the Corporation will require, prior to the start of constriction, certification by the Applicant that it has been advised by the Corporation of its responsibilities and obligations regarding the federal labor and wage requirements and that it agrees to comply with the guidelines. 2. HUD Environmental Requirements — Applicant will be required to comply with the HUD environmental requirements as provided in 24 CFR Part 92 and 24 CFR Part 58. 3. Debarment and Suspension - Owners and contractors are prohibited from employing, awarding contracts, or funding any contractors or subcontractors that have been debarred, suspended, proposed for debarment or placed on ineligibility status by HUD. In addition, any owners who are debarred, suspended, proposed for debarment, or ineligible will be prohibited from participating in the HOME Program. Therefore, a certification must be executed by the contractor for compliance with debarment and suspension regulations. Provide the certification behind a tab labeled "Exhibit 38 35 F". This certification is incorporated by reference and is available on the Corporation's Website under the 2013 2011 Universal Application link labeled Related References and Links. Failure to provide this executed certification shall result in threshold failure. 4. Lead Based Paint - If the Development was built before 1978, Lead Based Paint Regulations may apply. See 24 CFR Part 35 for exemptions. To be eligible for HOME funding, the Applicant must certify that it understands the requirements of the current HUD lead based paint regulations as identified in 24 CFR Part 92 and Rule Chapter 67-48, F.A.C. If the Applicant is purchasing the property and the Development was built before 1978, provide a copy of the executed Disclosure of Information on Lead Based Paint and Lead Based Paint Hazards form, signed by both the buyer and the seller, behind a tab labeled "Exhibit 38 3-5-F". This form is incorporated by reference and is available on the Corporation's Website under the 2013 2011 Universal Application link labeled Related References and Links. Failure to provide a copy of the executed disclosure form, if applicable, shall result in threshold failure. Match - 24 CFR § 92.220 requires the Corporation to match funds for each HOME dollar spent on a Development. For purposes of Match calculation of taxes, fees, or charges that are forgiven for future years, the value of the Match is the present discounted cash value, based on a rate equal to the 10-year Treasury note rate in effect as of the date the HC Notice of Credit Availability (NOCA) is published in the Florida Administrative Weekly, plus 285 basis points. This rate may be obtained from the Corporation prior to the Application Deadline. L?A1016 (Rev.) 119 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft For purposes of the Universal Application, Match contributions must be made from nonfederal resources and may be in the form of one or more of the following: a. Cash contributions from nonfederal sources. To be recognized as a cash contribution, funds must be contributed permanently to the HOME Development. Therefore, to receive match credit for the full amount of a loan to a HOME Development, all repayment, interest, or other return on investment of the contribution must be deposited in the local account of the participating jurisdiction's HOME Investment Trust Fund to be used for eligible HOME activities in accordance with the requirements of 24 CFR § 92.220. b. Forbearance of fees - state and local taxes, charges or fees. The value of state or local taxes, fees, or other charges that are normally imposed or charged by a state or local government on all transactions or developments in the conduct of its operations, which are waived, foregone, or deferred, may be counted as Match. The amount of any real estate taxes may be based on post -improvement property value. Donated Real Property. The value, before the HOME assistance is provided and minus any debt burden, lien, or other encumbrance, of donated land or other real property may be counted as Match, as provided below. The donation may be made by the participating jurisdiction, non-federal public entities, private entities, or individuals, with the exception of cash or other forms of contributions from Applicants, or Affiliates thereof, for or recipients of HOME assistance or contracts, or investors who own, are working on, or are proposing to apply for, assistance for a HOME -assisted project. (1) Donated property not acquired with Federal resources is a contribution in the amount of 100 percent of the value. (2) Donated property acquired with federal assistance may provide a partial contribution. The property must be acquired with federal assistance specifically for a HOME development. The property must be acquired with the federal assistance at demonstrably below the appraised value and must be acknowledged by the seller as a donation to affordable housing at the time of the acquisition with the federal assistance. The amount of the contribution is the difference between the acquisition price and the appraised value at the time of acquisition with the federal assistance. L?A1016 (Rev.) 120 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (3) Property must be appraised in conformance with established and generally recognized appraisal practice and procedures in common use by professional appraisers. Opinions of value must be based on the best available data properly analyzed and interpreted. The appraisal of land and strictures must be performed by an independent, certified appraiser. List the amount of each source of Match funding. For each source of Match funding listed, the Applicant must provide documentation consisting of a signed statement from the source detailing the type of contribution, the amount of the contribution, and how the amount of the contribution was calculated. If determination of the contribution amount is based on the present value calculation, include the actual present value calculation as described in 24 CFR § 92.220. Provide this information behind a tab labeled "Exhibit 38 35 W. If additional space is required, enter the information on the Addenda located at the end of the Application. Part IV. Local Government Support A. Contributions (Maximum 5 Points) The following Applicants will automatically receive 5 points without any requirement to obtain a Local Government contribution: • Applicants requesting MMRB through a Supplemental MMRB Application Cycle. • Applicants receiving tax-exempt multifamily bonds issued by an entity other than the Corporation or a County Housing Finance Authority. • Applicants that selected and qualified for the Development Category of Rehabilitation, Acquisition and Rehabilitation, Preservation, or Acquisition and Preservation at Part IILA.3.a. of the Application. • Applicants that selected and qualified for the Homeless Demographic at Part IILD.3. of the Application. To be eligible to receive 5 points, all other Applicants must obtain a Local Government contribution with a value equal to or greater than the amounts listed on the County Contribution List and demonstrate such contribution by providing the properly completed and executed Local Government Verification of Contribution form(s). To qualify for points, the amount of the contribution stated on the applicable form(s) must be a precise dollar amount and cannot include words such as estimated, up to, maximum of, not to exceed, etc., and each Local Government Verification of Contribution form must reflect the following dates: the effective date of the Local Government commitment and/or fee waiver (date must be on or before the Application Deadline); and L?A1016 (Rev.) 121 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft • the term of the commitment and/or fee waiver (the commitment and/or fee waiver must be effective 4 leas� through a date that is at least eight (8) months after the Application Deadline for the 2013 Universal Application Cycle ititie 30, 201z) (1) Provide the Local Government Verification of Contribution — Grant form behind a tab labeled "Exhibit 39 -3b"; (2) Provide the Local Government Verification of Contribution — Fee Waiver form behind a tab labeled "Exhibit 40 -37"; (3) Provide the Local Government Verification of Contribution — Loan form behind a tab labeled "Exhibit 41 -38"; and/or (4) Provide the Local Government Verification of Contribution — Fee Deferral form behind a tab labeled "Exhibit 42 -39". To be considered complete and eligible for points, the following documentation, as applicable, must be attached to the Local Government Verification form: • The payment stream for all present value calculations (if contribution consists of a loan or deferred fee); or • The calculations by which the total amount of each waiver is determined (if contribution consists of a fee waiver). In order to be eligible for points for a Local Government contribution, the contribution must be firm, in place as of Application Deadline, and be dedicated solely for the proposed Development without the need for any additional petitions, applications, requests, etc., by the Applicant to the Local Government. In addition, the contribution must provide a tangible economic benefit that results in a quantifiable cost reduction and must be given specifically to the proposed Development because the Development will provide affordable housing. Local Government contributions that are not specifically made for the benefit of affordable housing but are instead of general benefit to the area in which the Development is located will NOT qualify as a contribution to the Development. Further, the fact that no impact fees or other such fees are levied by a local jurisdiction for ANY type of development DOES NOT constitute a "Local Government Contribution" to the proposed Development. Similarly, if such fees ARE levied by the local jurisdiction but the nature of the proposed Development exempts it (e.g., typically, a Rehabilitation Development is not subject to impact fees), for purposes of this form, no "Local Government Contribution" exists and no points will be awarded. In addition, the absence of interest on a loan or the absence of interest payments until a specific date does not constitute a deferral or waiver of fees. State, federal, or Local Government funds initially obtained by or derived from a Local Government qualify as a Local Governmental contribution even though the funds are directly administered by an intermediary such as a housing finance authority, a community reinvestment corporation, or a state -certified Community Housing Development Organization, provided that they otherwise meet the requirements set forth in this Application, including those relating to L?A1016 (Rev.) 122 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft the executed verification form. Local Government contributions that have not received final approval will not qualify as a Local Government contribution for purposes of this Application. The following will not qualify as a Local Government Contribution: (i) a contribution from an Applicant or Developer or Principal, Affiliate or Financial Beneficiary of an Applicant or a Developer and (ii) HOPE VI funds. The only Local Government contributions that will count for the purpose of scoring are: ➢ Monetary grants ➢ Loans with the exception of USDA RD funds ➢ A one-year or more deferral of a fee beyond the date that it is routinely due ➢ Waiver of fees The contribution may not be included as an expense on the Development Cost Pro Forma nor may it be considered part of Development Cost for purposes of calculating HC basis or Developer's fee. The exception to the previous sentence is deferred Local Government fees, which may be shown on the Development Cost Pro Forma. All loans and fee deferrals must be present valued to determine the value of these contributions. Calculate the net present value of the payments using the discount rate, the 10 year Treasury note in effect as of the date the HC Notice of Credit Availability (NOCA) is published in the Florida Administrative Weekly, plus 285 basis points. This figure may be obtained from the Corporation prior to the Application Deadline. A loan with a forgiveness provision requiring approval of the Local Government will be treated as a loan, rather than as a grant, for scoring purposes. The "Loan" verification form should be used. To calculate the value of a Local Government below market interest rate loan: ➢ Calculate the net present value of the payments due to the Local Government including any balloon payment of principal due on a non -amortizing or non -fully amortizing loan. ➢ Calculate the net present value of the loan payments using the discount rate. ➢ Subtract the net present value of the loan payments from the original loan principal amount. The remaining amount is the value of the Local Government contribution. Example: If the discount rate is assumed to be 6.49 -9 percent and the Local Government will provide a fully amortizing $200,000 $1,000,000 loan at 3 L?A1016 (Rev.) 123 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft percent for 30 44 years with monthly_ payments, the contribution is calculated as follows: Calculate the monthly payment of the $200,000 $ 1,000,00 loan at 3 percent $843.21 «6,9 ). Calculate the net present value of the stream of $843.21 «6,9 ) monthly payments over 30 4-4; years 360 488 months) using a 6.49 -9 percent discount rate ($133,543.86) Subtract the net present value amount from the original principal loan amount to arrive at the value of the contribution ($200,000 $ 1,000,00 - $133,543.86 _ $66,456.14 Q3, (lam value). Example: If the discount rate is assumed to be 6.49 -9 percent and the Local Government will provide an interest only $200,000 $1,880 00 loan at 3 percent for 30 4-5- years with payments due monthly, the contribution is calculated as follows: Calculate the monthly payment of the $200,000 $ 1,000,00 loan at 3 percent. Multiply the $200,000 $1,000,00 by 3 percent and divide the result by 12. The answer is $500 $2,500. As such, the loan payments for the first 359 4-7-9 months are $500 $2,500. The 3601n 4-� payment is the $500 $2,500 plus the balloon payment of $1,000,000, which is $1,000,500 n $ �rr-vvzw4. Calculate the net present value of the stream of the various monthly payments over 30 4S years 360 488 months) using a 6.49 -9 percent discount rate ($107, 878.21�8��3-). Subtract the net present value amount from the original principal loan amount to arrive at the value of the contribution ($200,000 $ 1,000,00 - $107,878.21 _ $92,121.79 $492�T value). ❖ SCORING: The government contact person listed on the Verification of Local Government Contribution form(s) may be contacted to verify the nature and the amount of the contribution. If the amount and type of contribution is verified to be less than that represented in the Application, the Applicant will receive points only for the lesser amount. If the amount and type of contribution cannot be verified, the Applicant will receive zero points for that contribution. In either case, the Applicant may also be subject to the consequences set forth in section 420.507(35), F.S., and Rule Chapter 67-48, F.A.C. L?A1016 (Rev.) 124 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Scorers will calculate the present value of a loan and fee deferral in order to determine the value of the Local Government contribution. Scorers, where applicable, will adjust the amount of the Local Government contribution up or down depending on the results of these calculations. NOTE: Funds administered by the Local Government, including federal funds and SHIP funds, may be included in the contribution as long as the appropriate verification form and all required supporting documentation are included. For purposes of this form, USDA-RD funds will NOT count as a Local Government contribution. NOTE: For waiver of fees, attach a sheet behind the Local Government Verification of Contribution form detailing how the amount of savings was calculated. For waivers of fees that are determined on a per set -aside unit basis, calculations should show the amount waived per set -aside unit for each waived fee. Failure to attach a sheet showing these calculations will result in the contribution not being considered. NOTE: For loans and fee deferrals, attach a separate sheet behind the applicable Local Government Verification of Contribution form showing the payment stream used to calculate the net present value of the contribution. For example, a sheet of paper that stated the following would be acceptable: "The net present value of the Manatee County $50,000 loan was computed using a payment stream of $200 for 60 months, $300 for 60 months, and $500 for 60 months." Failure to attach a sheet that provides this information will result in the contribution not being considered. In order for an Application to achieve the maximum 5 points, the Applicant must provide evidence of a contribution value whose dollar amount is equal to or greater than the amount listed on the County Contribution List for the county in which the proposed Development will be located. Those Applications that do not have the necessary contribution values to achieve maximum points will be scored on a pro-rata basis. Example: A Development is to be located in Sarasota County and has achieved a Local Government contribution valued at $37,500. The County Contribution List states that a Development to be located in Sarasota County must obtain contributions valued at $75,000 to achieve 5 points. Therefore, in this example, the Development would receive 2.5 points (($37,500 / $75,000) x 5). NOTE: Points will be rounded to two decimal places (3.345 rounded up to 3.35 and 3.3449 rounded down to 3.34). ❖ County Contribution List Count- in Which I Value of Contribution Count- in Which the Value of Contribution L?A1016 (Rev.) 125 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft the Development Is Required to Achieve Development Is to be Required to Achieve to be Located Maximum Points Located Maximum Points BroNvard $125,000 Columbia $20,000 Miami -Dade Flagler Highlands Monroe Duval $100,000 Hillsborough Nassau Orange Putnam Palm Beach Sumter Pinellas Brevard $75,000 Bradford $10,000 Lee De Soto Pasco Gadsden Poll. Hardee Sarasota Hendry Seminole Jackson Volusia Levv Okeechobee SuNvamiee Walton Alachua $50,000 Balser $5,000 Collier Calhoun Escambia Dixie Lake Franldin Leon Gilchrist Manatee Glades Marion Gulf Hamilton Holmes Bav $37,500 Charlotte Jefferson Citrus Lafavette Clav Libertv Hernando Madison Indian River Tavlor Martin T Tnion Okaloosa Wakulla Osceola Washington St. Johns St. Lucie Santa Rosa B. Incentives (Maximum 4 Points) One pPoint-s will be awarded for each of the four 4 following Local Government planning efforts. To be eligible to receive points, the Applicant must submit a properly completed and executed Verification of Local Government Incentives for Affordable Housing form behind a tab labeled "Exhibit 43" *he aeelieable Laeal Gave -,,m e Do not provide any attachments to the verification forms 1. The Local Government provides an expedited permitting process for affordable housing (1 point). ITA1016(Rev. ) 126 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 2. The Local Government has an on -doing and current process for providing contributions to affordable housing properties or developments (1 point). 3. The Local Government currently makes available to affordable housing properties or developments the modification of fee requirements, including reduction or waiver of fees and alternative methods of fee payment (1 point). 4. The Local Government currentiv has a brocess_ established by ordinance resolution, plan or policy, that requires consideration of the impact of proposed policies, ordinances, regulations, or plan provisions on the cost of affordable housing prior to adoption of such policies, ordinances, regulations, or plan provisions (1 point). ■. ■ . _ W. ■ Part V. Financing (Threshold) A. Funding Funding Request — The Applicant must state the amount of Corporation funding it is requesting in this Application. In the event of a discrepancy between the amount(s) shown in this section and that shown elsewhere within the Application, the amount(s) shown in this section shall be deemed to be the requested amount(s). a. MMRB Loans are issued in increments of $5,000. b. Maximum Competitive HC Request Amount Competitive HC requests cannot exceed the applicable amount stated in the following chart: Count}- Group Maximum Competitive HC Request Limits L?A1016 (Rev.) 127 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Application's County If Development is not located DDA/QCT Bonus — Group* in a DDA; or If Development is located in a DDA; If Application does not meet and/or the Application requirements If Development is located in a QCT to qualify as a QCT; and/or and Application requirements to If Applicant did not select qualify as QCT are met; and/or and qualify for the Homeless If Applicant selected and qualified Demographic— for the Homeless Demographic LL and LM Counties $1,970,000 $2,561,000 LS Counties $1,625,000 $2,110,000 LVS Counties $1,276,000 $1,660,000 ML Counties $1,155,000 $1,510,000 MS Counties $980,000 $1,275,000 Florida Kev_ s Area The lesser of $25,000 per HC set -aside unit or $1,510,000 Small Counties $825,000 $1,070,000 * County Groups are described in the RanIdng and Selection Criteria of the Universal Application Instructions * * Homeless Demographic Commitment at Part IILD. of the Application Minimum Competitive HC Request Amount for TOD Developments One of the requirements for a proposed Development to qualify as a TOD Development is that the Applicant's Competitive HC funding request stated at Part V.A.1. of the Application must be at least 40 percent of the Maximum Competitive HC Request Amount (set out in paragraph b. above) for the applicable county inclusive of any applicable DDA/QCT bonus. To meet this requirement, the Applicant's Competitive HC funding request must be no less than the applicable amount stated in the following chart: TOD Development Minimum Competitive HC Request Amount (40%of the Maximum Competitive HC Request Amount ) Location of If Development is not located If Development is located in a Designated TOD in a DDA; or DDA; and/or Area If Application does not meet If Development is located in a the Application requirements QCT and Application to qualify as a QCT; and/or requirements to qualify as QCT If Applicant did not select are met; and/or and qualify for the Homeless If Applicant selected and qualified Demographic' for the Homeless Demographic' Broward County $788,000 $1,024,400 Miami-DadeCounty $788,000 $1,024,400 Oran e County $650,000 $844,000 Palm Beach County $650,000 $844,000 Seminole County $462,000 $604,000 Volusia County $462,000 $604,000 tTA1016 (Rev. ) 128 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft * Homeless Demographic Commitment at Part IILD. of the Application d. HOME For Applicants requesting Competitive HC and HOME, the HOME request amount is limited to the lesser of $50,000 per unit or $4 $S million. 2. Other Funding — If applicable, the Applicant must include the following other funding sources in the Application: a. If the Development has received funding from the Predevelopment Loan Program (PLP), the Corporation file number and amount of funding must be listed. Note: PLP funding cannot be used as a source of financing on the Constriction/Rehab. Analysis or the Permanent Analysis. b. The Applicant must list any other Corporation funding that will be incorporated as a source of financing for the proposed Development. If tax-exempt multifamily bonds issued by an entity other than the Corporation or a County Housing Finance Authority will be used as a source of financing, the source and amount of such proceeds must be listed. d. If the proposed Development will be assisted with funding under the United States Department of Agriculture RD 514/516 Program, RD 515 Program, and/or RD 538 Program: (1) Indicate the applicable RD Program(s). (2) For a proposed Development that will be assisted with funding from RD 514/516 or RD 515: (a) Include the funding amount at Line B.10. on the 2013 Development Funding Pro Forma (Constriction/Rehab Analvsis and/or Permanent Analvsis): and L?A1016 (Rev.) 129 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft • rA (b) Provide a letter from RD confirming the funding source behind a tab labeled "Exhibit 44": i. For Rehabilitation_ Redevelopment_ and Preservation Developments (Applicant selected the Development Category of Rehabilitation, Redevelopment or Preservation (with or without Acquisition) at Part III.A.3.a. of the Application), the RD letter must include the following i nform ati on • Name of existing development • Name of proposed Development • Loan balance • Acknowled=ent that property is applying for Housing Credits • Applicable RD pram • Acknowled=ent that property will remain in the USDA/RD 515 or 514/516 (as applicable) loan portfolio Coil ii. For New Constriction Developments (Applicant selected the Development Category of the New Constriction at Part IILA.3.a. of the Application), the RD letter must include the followin4 information: • Name of Proposed Development • Name of Applicant as borrower or direct recipient • Loan amount • Acknowledgment that property is applying for Housing Credits • Applicable RD pram L?A1016 (Rev.) 130 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (3) If the proposed Development will be assisted with funding under the RD 538 Program, to meet threshold the Applicant must: (a) Include the funding amount at Line B.10. on the 2013 Development Funding Pro Forma (Constriction/Rehab Analysis and/or Permanent Analysis); and (b) Provide the Section 538 Selection letter sent to the Applicant by RD behind a tab labeled "Exhibit 44"; and (c) Provide the letter sent to the Applicant by an RD 538 approved lender certifying that the lender is prepared to make a loan consistent with the program requirements through the Section 538 Guaranteed Rural Rental Housing ("538") Loan Program behind a tab labeled "Exhibit 44". Only Applications that qualify as an RD Preservation Development will be eligible to be considered for funding under the RD Preservation Goal outlined under the Ranking and Selection Criteria section of the Instructions. To qualify as an RD Preservation Development, the Applicant must (i) meet all of the threshold requirements for a Development assisted with funding under the RD 538 Program, as outlined in Part V.A.2.d.(3) above, and (ii) have selected and qualified for the Preservation or Acquisition and Preservation Development Category at Part III.A.3.a. of the Application. B. Finance Documents All Applicants must complete the Development Cost Pro Forma, the Detail/Explanation Sheet, if applicable, the Constriction or Rehab Analysis, and the Permanent Analysis. All Applicants must complete and attach the Commitment to Defer Developer Fee form, if applicable, behind a tab labeled "Exhibit 45". If the proposed Development will have more than one Developer and the Developers are committing to defer some or all of the Developer fee, each Developer must complete and provide a Commitment to Defer Developer Fee form reflecting the portion of the Developer fee it is deferring. ❖ Development Cost Pro Forma L?A1016 (Rev.) 131 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft This section must include all anticipated costs of the Development constriction, rehabilitation and, if applicable, acquisition. Any amounts that are not an anticipated cost to the Development, such as waived fees or charges, cannot be included in the Development Cost Pro Forma. Note: deferred Developer fees are not considered "waived fees". •'• Fee Disclosure Developer fee and General Contractor fee must be disclosed. In the event the Developer fee and/or General Contractor fee are/is not disclosed on the Development Cost Pro Forma, the Corporation will assume that these fees will be the maximum allowable and will add the maximum amount(s) to Total Development Cost. If an Applicant lists a Developer fee or General Contractor fee that exceeds the stated Application limits, the Corporation will adjust the fee to the maximum allowable. ❖ Developer Fees Developer fee shall be limited to 16 percent of Development Cost, with the following exceptions: (i) a Developer fee of 18 percent of Development Cost shall be allowed if the proposed Development is qualified for Housing Credits pursuant to Rule 67- 48.027, F.A.C., pertaining to Tax -Exempt Bond -Financed Developments, and (ii) a Developer fee of 21 percent of Development Cost shall be allowed if the Applicant is requesting Competitive Housing Credits and selected and qualified for the Homeless Demographic at Part III.D. of the Application, pursuant to paragraph 67- 48.0072(16)(a), F.A.C. Note: The maximum allowable Developer fee will be tested by multiplying the Development Cost by the applicable percentage (16 percent, 18 percent or 21 percent). This calculation will be carried to 2 decimal places and may not be rounded. C. MMRB Applicants Indicate the Credit Enhancer's or Bond Purchaser's name and the term and expected rating. Provide the Credit Enhancer's Commitment or Bond Purchaser's Letter of Interest with a contact person's name, address and telephone number, credit underwriting standards and an outline of proposed terms behind a tab labeled "Exhibit 46". The stated amount of the Commitment or Letter of Interest shall not be less than the proposed principal amount of the Bonds (including any proposed Taxable Bonds). The Commitment/Letter of Interest does not have to be firm. D. Non -Corporation Funding Proposals L?A1016 (Rev.) 132 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Applicants must provide documentation of all financing proposals ,.,,mm4me * pr-apasals ar- e**ers of i *eq* from both the constriction and the permanent lender(s), equity proposals from the syndicator, and e+ other sources of funding. The financing *ments proposals or- ot4ors of in*en must state whether they are for constriction financing, permanent financing, or both. For a proposal me * let4e proposal ^r ' et4e - of in* to meet threshold, all attachments and/or exhibits referenced in the proposal must be included. Unless s4ed ae h *heseitqst�e*� air Insert documentation for each source directly behind its own tab beginning with a tab labeled "Exhibit 47" and continuing with sequentially numbered tabs for each exhibit. Evidence for each funding source must be behind its own tab. For purposes of this Application, neither net operating income for a Rehabilitation Development nor capital contributions will be considered a source of financing. Financing Proposal (Threshold) To meet the threshold requirements, financing proposal documentation all ftitidiii eamm4men regardless of whether the documentation is in the form of a 4fH+ commitment, proposal, term sheet, or letter of intent, must meet the following criteria. Evidence for each funding source fir-m ,.,,mm4me proposalor- let4e - of iii�eiit must be behind its own tab. A. O Each financing proposal shall contain: 1) Amount of the constriction loan, if applicable, 2) Amount of the permanent loan, if applicable, 31 Snecif c reference to the Annlicant as the borrower or direct recipient, (4) Signature of all parties, including acceptance by the Applicant (Note: In order to be considered, Local Government financial commitments are not required to be signed by the Applicant if the Applicant provides the properly completed Local Government Verification of Contribution form), and (5) A statement that states the commitment, proposal or letter of intent does not expire before a date that is eight (8) months after the Application Deadline for the 2013 Universal Application Cycle, with the exception of tax-exempt multifamily bonds issued by an entity other than the Corporation or a County Housing Finance Authority. To L?A1016 (Rev.) 133 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft r_�se�eesr�errensrs�� . ... . .......... ■ IM L. O Financing that has closed: If the financing has closed in the Applicant's name, provide a letter from the lender acknowledaina that the loan has closed. The letter must also include the following information: (a) Amount of the constriction loan, if applicable, (b) Amount of the permanent loan, if applicable, and (c) Specific reference to the Applicant as the borrower/direct recipient/morWnee. Except for HUD and RD funding, if the financin4 n^*oi^n etg involves an assumption of debt not currently in the Applicant's name, as she ^ .,.Bean, 14 also p vide evidence that the lender approves of the proposal of assumption, the Applicant must provide a letter from the lender that includes the following information: (a) Specifically references the Applicant as the assuming party, (b) If a permanent loan, state the amount to be assumed, and L?A1016 (Rev.) 134 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (c) If a constriction loan, state the maximum amount of funding capacity. Will 4 fir,,, „4fRe 1 ift r,aor f r44 4 F eFii mil e i3� r EHfig SvLir-C am, If the debt being assumed is provided by HUD or RD, instead of the above -referenced letter the Applicant is only required to provide the information described in Part V.A.2.(d) of the instructions rec t irel3}eu3*^ of � • s ., �4r-alqh are -atee. c.(O If the financing ee ffi 4ffiet * proposal er' e**er of ; ii*eii* is not from a regulated Financial Institution in the business of making loans or a governmental entity, evidence of ability to fund must be provided. Evidence of ability to fund includes: (1) a copy of the lender's most current audited financial statements no more than 17 months old; or (2) if the loan has already been funded, a copy of the note and recorded mortgage. The age of all financial statements is as of the Application Deadline. In evaluating ability to fund, the Corporation will consider the entity's unrestricted current assets typically used in the normal course of business. Assets considered restricted include, but are not limited to, pension funds, rental security deposits, and sinking funds. Financing r,,mm„ me *s proposals let4er-s f; *en* from lenders who cannot demonstrate ability to fund will not meet threshold and the financing *m epA proposal or- e**er of in en will not count as a source of financing. Financial statements may be included in the Application or submitted directly to the Corporation. If submitted directly to the Corporation, a copy of the Corporation's Letter of Receipt and Acceptance must accompany each Application which contains a financing eeffiffl4ffieii' e**er proposal er- e**er of i ii*ei* from the lender whose statements were submitted directly to the Corporation. d.(-f If a financingloan ^ 4 en*, proposal or' e**e" of i *en* shows an amount less than the corresponding line item on the pro forma, the scorer will use the financing ^^mm„ ment proposal ^r' e**er of in*elg amount. However, if afinancing proposal e"'e**er ef;i4*ei* shows an amount in excess of the corresponding line item on the pro forma, up to the total amount of the financing lean ,.,,mm„ metqproposal or- e**er of i *etg amount may be utilized as a funding source, if needed. e.(g} The loan amount may be conditioned upon an appraisal or debt service coverage ratio or any other typical due diligence required during credit underwriting. L?A1016 (Rev.) 135 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft f (-h4 Financing Ca m4menu proposals ar-14 ors fitg*et * may be conditioned upon the Applicant receiving the funding from the Corporation for which it is applying. g. 4} If a financing eamm4men*7 proposal ar- e**er of in, e * has a provision for holding back funds until certain conditions are met, the amount of the hold -back will not be counted as a source of constriction financing unless it can be determined that the conditions for the release of the hold -back can be met prior to or simultaneous with the closing of the Development's permanent financing. h.{}3 A financing eeffiffl4fflet4, proposal er'e**er ef:ii*eii* by a sophisticated investor to buy the bonds on an unrated basis will be considered to meet threshold to the extent evidence of bond allocation is provided in accordance with the terms and conditions listed in the instructions regarding bond financing. Grant funds are contributions to the Development, other than equity, which carry no repayment provision or interest rate. A fig commitment for grant funds will be considered a fififf commitment for scoring purposes if the commitment is properly executed and, if applicable, evidence of ability to fund is provided. 2. Non -Corporation and Non -County Housing Finance Authority -Issued Tax - Exempt Multifamily Bonds (Threshold) If the first mortgage financing is to come from tax-exempt multifamily bonds issued by an entity other than the Corporation or a Local Government Housing Finance Authority, evidence of the following items must be included to meet threshold: A. O A letter signed by the Chairperson of the entity issuing the bonds, which is Development -specific and includes the following: (1) Affirmation that the entity issuing the bonds has passed an inducement resolution or acknowledgement resolution for the proposed Development; (2) Affirmation that a TEFRA hearing has been held by the entity issuing the bonds or by a designated hearing officer; (3) Affirmation that the TEFRA hearing has been approved by the entity issuing the bonds; and (4) Affirmation that the tax-exempt multifamily bond allocation has been reserved or that the entity issuing the bonds has agreed to award the necessary allocation when available. or ITA1016(Rev. ) 136 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft L. b4 If the financing has closed, a copy of the executed note or executed loan agreement, which shows the Applicant as the borrower/direct recipient/mortgagee and contains the terms and interest rate, and a copy of the recorded mortgage, if applicable, must be included. If the proper documentation is provided, financing that has closed will count as a fig commitment, but in order for it to count as a permanent financing source, it must have a remainin4 term of at least 10 years. Note: Any commitment for financing containing a contingent FNMA or similar takeout provision will not be considered a fig commitment unless the agreement to purchase the loan executed by all parties is attached. 3 Syndiea6aft,iur Equity Proposal (Threshold) For the purpose of this Application, to meet threshold an equity ,.affl f,4ffle proposal r, re ardless of whether the documentation is in the form of a commitment, proposal, term sheet or letter of intent,. must: (i) if syndicating/selling the Housing Credits, meet the requirements outlined in (a) below and include the information outlined in (b) below, or (ii) if not syndicating/selling the Housing Credits, meet the requirements outlined in (a) below and include the information outlined in (c) below fallowing: a. If the amount of Housing Credits reauested in the Application is less than the anticipated amount of credit allocation stated in the equity_ proposal, the equity_ proposal will not be considered a source of financing. If the amount of Housing Credits requested in the Application is greater than the anticipated amount of credit allocation stated in the equity_ proposal, the equity_ proposal will be considered a source of financing. b. {O If syndicating/selling the Housing Credits : (1) To meet the threshold requirements, a Housing Credit equity proposal must also meet the following criteria: a) Be executed by all barties_ including the Applicant (b) Include specific reference to the Applicant as the beneficiary of the equity_ proceeds, (c) State the proposed amount of equity to be paid prior to constriction completion. (d) State the proposed equity amount to be paid prior to or simultaneous with the closing of constriction financing that is at least 15 percent of the total proposed equity to be provided (the 15 percent criteria). There are two exceptions to the preceding sentence. First, if there is a bridge loan proposal within the equity_ proposal that provides for bridge L?A1016 (Rev.) 137 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft loan proceeds that equal at least 15 percent of the amount of total proposed equity to be provided to be made available prior to or simultaneous with closing of constriction financing, the 15 percent criteria will be met. Second, if there is a separate bridge loan proposal from either the equity provider, any entity that is controlled directly or indirectly by the equity_ provider, or a subsidiary of the equity_ provider's parent holding company, and the proposal explicitly proposes an amount to be made available prior to or simultaneous with the closing of constriction financing that equals at least 15 percent of the total proposed equity to be paid stated in the equity_ proposal, the 15 percent criteria is met. Bridge loan proposals that are not within the equity proposal, though, must meet the criteria previously stated for debt financing with the exception that evidence of ability to fund does not have to be provided. The Applicant may include the proposed amount of the bridge loan as equity proceeds on the Constriction or Rehabilitation Analysis and on the Permanent Analysis, (e) State the anticipated amount of Housing Credit allocation annual amount)_ which must be within the HC limits set out in Part V.A.1. of these instructions; (f) State the anticipated dollar amount of Housing Credit allocation to be purchased, (g) State the anticipated total amount of equity to be provided, and (h) State that the equity_ proposal does not expire before a date that is eight (8) months after the Application Deadline for the 2013 Universal Application Cycle. Crod4 d0ll.,r bo;,,g p f6 .,Sedl. 4)4 le6E), 14 , 1 eEttk 60144,66014 �he �;01 R;,,.,,, ate-eF-SilEtult-afteetrnW4h e1OSn » T � l f ll 4 ll,,, �S � l �l,o e0t�eEx�a�aren�MHs eE� ; 41, she nll,n;fig l,R..0144,-.,..601 R;,, �h4 ; 4 lea4 15 � g p L?A1016 (Rev.) 138 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (131 The p gage E)fHa,,s;,,g Cr-e 4s p owl �E) be ., r-eh see , s �O If the limited partnership agreement or limited liability company operating agreement has closed, the closed agreement must be provided. To be counted as a fig source of financing the partnership agreement or operating agreement must expressly state the amount of funds to be paid prior to completion of constriction by the equity provider or the Applicant must submit separate documentation, signed by the equity provider, expressly stating the amount of funds paid or to be paid prior to completion of constriction. ITA1016(Rev. ) 139 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft c.04 If not syndicating/selling the Housing Credits, the owner's commitment to provide equity must be provided itieltided. The commitment must include the following: (a) The proposed amount of equity to be paid prior to constriction combletion. (b) The anticipated amount of Housing Credit allocation (annual amount), which must be within the HC limits set out in Part V.A.1. of these instructions, (c) The anticipated dollar amount of Housing Credit allocation to be purchased, (d) The anticipated total amount of equity to be provided, and (e) 15 percent of the total equity being provided must be paid prior to or simultaneously with the closing of the constriction financin4. Proceeds from a bride loan will NOT count toward meeting this requirement. Eevidence of ability to fund must be provided as an exhibit to the Application. . ....... . ..... . ..... .... . ........... . .. L?A1016 (Rev.) 140 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft The Application requires complete information on all sources of Development funding, including any Developer contributions, and the proposed uses of those funds. All loans, grants, donations, syndication proceeds, etc., should be detailed in this Application as outlined above. ADDENDA The Applicant may use the Addenda section of the Application to provide any additional information or explanatory addendum for items in the Application. THRESHOLD REQUIREMENTS Requirements to meet Threshold include: None of the items described in Rule Chapters 67-21 and/or 67-48, F.A.C., has caused the rejection of the Application by the Corporation. 2. All applicable pages and exhibit forms of the Application must be completed. The Application must be submitted online and the Applicant must submit one "Original Hard Copy" Application labeled "Original" and three photocopies of the "Original Hard Copy" Application. MMRB Applicants that will participate in the HUD Risk Sharing Program must submit one additional photocopy of the "Original Hard Copy" Application. 4. The Application must be submitted by the Application Deadline and be accompanied by the correct Application fee and, if applicable, the TEFRA fee. The Applicant must demonstrate that it is a legally formed entity eligible to do business in the state of Florida as of fft the Application Deadline. 6. If the Applicant is a Non -Profit entity, the required documentation must be submitted. 7. Each Developer entitv (i.e._ that is not a natural Berson) must demonstrate that it is a legally formed entity eligible to do business in the state of Florida as of the Application Deadline. 8. -7-. Experience of the Development team must be demonstrated. 9. 8, If the proposed Development consists of Scattered Sites, the required information for each Scattered Site must be provided. L?A1016 (Rev.) 141 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 10. -9- Ability to proceed must be demonstrated by submission of the required certifications or documentation, as the case may be, of status of site plan/plat approval, site control, infrastructure availability, zoning approval and environmental site assessment. Site plan approval/review or plat approval, as applicable, infrastructure and zoning must be in place as of the Application Deadline. 11. 4-0, The Applicant must commit to the applicable minimum set -aside required by program riles and federal regulations. 12. 44, The Applicant must commit to the applicable minimum ELI Set -Aside. 13. 4-2, The Applicant must select and qualify for one Demographic Commitment. 14. 4-3', Financing documentation must reflect the following: ➢ The total amount of monetary funds determined to be in commitments, proposals or letters of intent must equal or exceed uses; and ➢ MMRB Applicants must provide the Credit Enhancer's Commitment or Bond Purchaser's Letter of Interest. 15. 44 Request amount(s) may not exceed program limits. 16. 4-5, HOME Applicants must provide the following: ➢ All documentation required by the Uniform Relocation Act, if applicable; ➢ Evidence of certification of consistency with Consolidated Plan; ➢ Contractor Certification regarding debarment and suspension; and ➢ Lead -based paint documentation, if applicable. 17. 4-6- Applicants for non-competitive HC only (to be used with tax-exempt multifamily bonds issued by an entity other than the Corporation or a County Housing Finance Authority) must achieve a total HC Application score equal to or greater than 64 points. 18. 4-7- Other items specifically designated "Threshold" in the Universal Application Package. RANKING AND SELECTION CRITERIA FOR APPLICATIONS REQUESTING COMPETITIVE HC The following does not apply to non-competitive HC only Applications; however, non- competitive HC only Applicants must receive 64 points or more, which points will not include any tie -breaker points, to be eligible for an allocation of non-competitive HC. Each Application Received by the Application Deadline will be assigned an Application number. L?A1016 (Rev.) 142 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 2. Lottery Numbers Each Application that is assigned an Application number will receive a lottery number at or prior to the issuance of final scores. Lottery numbers will be assigned by having the Corporation's internal auditors run the total number of assigned Application numbers through a random number generator program. The Corporation's internal auditors will verify the accuracy of the procedures for assigning lottery numbers. 3. All eliuible Abblicatlons will barticibate in the Ranking and Selection brocess. For ranking purposes, eligible Application means an Application that satisfied all threshold requirements as of issuance of the Final Ranking scores as outlined in subsection 67- 48.005(4), F.A.C., regardless of the Application's total score, and has not withdrawn its Application as of the date outlined in subsection 67-48.004(20), F.A.C. 4.3. Group A and Group B Leveraging Classifications i,,,a;ng any n .,plie4ia . 4hd -aprior- � she n .,plie4ia Deadline, Each eligible Application will be classified into one of two groups based on leveraging: Group A or Group B. Applications will be classified in Group A or Group B as follows: a. Preservation and Non -Preservation Applications: The Applications will be divided into two (2) separate lists. One list will consist of Applications that selected one of the following Development Categories at Part IILA.3.a. of the Application: New Constriction, Rehabilitation, Acquisition and Rehabilitation, Redevelopment, or Acquisition and Redevelopment. For ranking purposes, these Abblications will be considered "Non -Preservation Abblications". The other list will consist of Applications that selected one of the following Development Categories at Part IILA.3.a. of the Application: Preservation or Acquisition and Preservation. For ranking purposes, these Applications will be considered "Preservation Applications". in eendi g order. Each list will begin with the Application that has the lowest amount of total Corporation funding per set -aside unit and end with the Application that has the highest amount of total Corporation funding per set -aside unit. b. Calculating the Set -Aside Units: The total number of set -aside units for each Application will be computed by multiplying the total number of units within the proposed Development by the highest Total Set -Aside Percentage the Applicant committed to as stated in the last row of the set -aside breakdown chart for the program(s) applied for in the Set -Aside Commitment section of the Application. Results that are not a whole number will be rounded up to the next whole number. L?A1016 (Rev.) 143 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft c.� Calculating the Total Corporation Funding Per Set -Aside Unit: Total Corporation funding amount will be determined by adding (1) and (2) and, if applicable, multiplying that sum by (3): (1) Competitive HC request amount listed at Part V.A.1. of the Application. If the Development is not located in a HUD designated DDA or QCT and the Applicant selected and qualified for the Elderly, Farmworker/ Commercial Fishing Worker, Persons with Special Needs, or Family Demographic Commitment at Part IILD. of the Application, the HC request amount will be multiplied by 7.5. If the Development is located in a HUD designated DDA or QCT and/or the Applicant selected and qualified for the Homeless Demographic Commitment at Part III.D. of the Application, the HC request amount will be multiplied by 7.5 and that product will be divided by 1.3. (2) Other Corporation funding listed at Part V.A.2.b. of the Application. For purposes of classifying Applications in Groups A and B, PLP, EHCL, and HOME funding will not be considered Corporation funds. (3) The total Corporation funding amount may be further adjusted as outlined below. NOTE: If a proposed Development meets all of the requirements of both (a) and (c), the total Corporation funding amount will be multiplied by 0.656-3. If a proposed Development meets all of the requirements of both (b) and (c), the total Corporation funding amount will be multiplied by 0.785. If a proposed Development meets all of the L?A1016 (Rev.) 144 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft requirements of both (c) and (d), the total Corporation funding amount will be multiplied by 0.692 (the result of both multipliers applied). (a) If the proposed Development meets all of the following requirements, the total Corporation funding amount will be multiplied by 0.65 8-6--'+: • located in a Large County, and • Applicant selected the High -Rise Development Type, and Applicant selected the Development Category of New Constriction or selected and qualified for the Development Category of Redevelopment or Acquisition and Redevelopment, and • the Applicant selected and qualified as an Urban In -Fill Development. or (b) If the proposed Development meets all of the following requirements, the total Corporation funding amount will be multiplied by 0.785: • located in a Large County, and • Applicant selected the Mid -Rise with Elevator (a building comprised of 5 or 6 stories) Development Type and at least 90 percent of the total units are in these Mid -Rise building(s), and Applicant selected the Development Category of New Constriction or selected and qualified for the Development Category of Redevelopment or Acquisition and Redevelopment, and • the Applicant selected and qualified as an Urban In -Fill Development. or (c) If the proposed Development meets all of the following requirements, the total Corporation funding amount will be multiplied by 0.865 8-40: Applicant selected the Development Category of New Constriction or selected and qualified for the Development Category of Redevelopment or Acquisition and Redevelopment, and The proposed Development met the requirements to be considered concrete constriction. L?A1016 (Rev.) 145 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft or (d) If the proposed Development is located in the Florida Keys Area, the total Corporation funding amount will be multiplied by 0.80. d.f-. The total number of Applications on each separate list will be multiplied by 92 88 percent and the resulting figure will be rounded up to the next whole number (the resulting figure after rounding will be referred to as the "90,120 A/B Cut -Off'). A line will be drawn on each separate list below the Application whose place on the list is equal to the 9048 A/B Cut -Off. Within each list, iIf any Application(s) below the line has the same total Corporation funding request per set -aside unit as the Application immediately above the line, the line will be moved to a place immediately below this Application(s). ��e�se� raseeee� e�.e�e� HEM. e.Ir. On each separate list, the Applications above the line will be classified as Group A and the Applications below the line will be classified as Group B. f i, Group A and Group B classifications will be used for tie -breakers as more fully described below in the Tie -breakers section of these instructions. 5. Group A-1 and Group A-2 Leveraging Classifications a. All Groub A Abblicatlons will be divided into two (2) sebarate lists. One list will consist of the Non -Preservation Applications and the other list will consist of the Preservation Applications. Each list will begin with the Application that has the lowest amount of total Corporation funding per set -aside unit and end with the Application that has the highest amount of total Corporation funding per set -aside unit. b. The total number of Abblications on each sebarate list will be multiplied by 90 percent and the resulting figure will be rounded up to the next whole number (the resulting fia re after rounding will be referred to as the "A-1/A-2 Cut -Off'). A line will be drawn on each separate list below the Application whose place on the list is equal to the A-1/A-2 Cut -Off. Within each list, if any Application(s) below the line has the same total Corporation funding request per set -aside unit as the L?A1016 (Rev.) 146 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Application immediately above the line, the line will be moved to a place immediately below this Application(s). C. On each separate list, the Applications above the line will be classified as Group A-1 and the Abblicatlons below the line will be classified as Groub A-2. 6. Proximity Levels a. All eligible Applications will be assigned a Proximity Level based on the Application's total proximity score as described in Part III.A.10. of these Instructions. All eligible Applications will be divided into two (2) separate lists. One list will consist of the Non -Preservation Applications and the other list will consist of the Preservation Applications. Each list will begin with the Application that has the highest amount of total proximity tie -breaker points and end with the Application that has the lowest amount of total proximity tie -breaker points. C. The two lists created above will be further sorted by county. The highest total proximity score in each county on the Preservation Applications list will be the Preservation Proximity Level High Score for that county. The highest total proximity score in each county on the Non -Preservation Applications list will be the Non -Preservation Proximity Level High Score for that county. If a county has both eligible Preservation and Non -Preservation Applications, the county will have a Preservation Proximity Level High Score and a Non -Preservation Proximity Level High Score. d. With the excebtion of Monroe Countv Abblications_ anv eliuible Preservation Application that has less than 18 total proximity tie -breaker points or any eligible Non -Preservation Application that has less than 20 total proximity tie -breaker points will be automatically deemed a Proximity Level 11. Monroe County does not have a minimum number of points relative to proximity tie -breaker points. e. Once the Non -Preservation Proximitv Level High Score is established for each county, within each county, the Non -Preservation Proximity Level High Score will first be multiplied by 0.95 and all Non -Preservation Applications in the same county with total proximity tie -breaker points equal to or greater than the resulting product will be deemed Proximity Level 1. Next, the county's Non -Preservation Proximity Level High Score will be multiplied by 0.90 and all Non -Preservation ications in the same countv that have not been deemed Proximitv Level 1 with proximity tie -breaker points equal to or greater than the resulting product will be deemed Proximity Level 2. This pattern of decreasing subsequent numbers in multiples of 0.05 will continue until all Non -Preservation Applications are assigned a Proximity Level. L?A1016 (Rev.) 147 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft f Once the Preservation Proximitv Level Hiah Score is established for each count within each county, the Preservation Proximity Level High Score will first be multiplied by 0.95 and all Preservation Applications in the same county with total proximity tie -breaker points equal to or greater than the resulting product will be deemed Proximitv Level 1. Next_ the countv's Preservation Proximitv Level High Score will be multiplied by 0.90 and all Preservation Applications in the same county that have not been deemed Proximity Level 1 with proximity tie- breaker points equal to or greater than the resulting product will be deemed Proximity Level 2. This pattern will continue until all Preservation Applications are assigned a Proximity Level. For example: There are eight (8) Applications listed in the table below showing both Non -Preservation and Preservation transactions in a total of two (2) counties with their respective total proximity tie -breaker scores. Development Cate ory County Application Total Proximity Score Non-Preseivation Pinellas A 35.00 Non-Preseivation Pinellas B 34.00 Non-Preseivation Pinellas C 32.00 Preseivation Pinellas D 27.25 Preseivation Pinellas E 26.75 Preseivation Pinellas F 17.00 Non-Preseivation Monroe G 14.00 Non-Preseivation Monroe H 12.50 Using the highest total proximity point values for each county, the Proximity Level High Scores for each county can be established as follows: Pinellas County Non -Preservation Proximity Level High Score: 35.00 Pinellas County Preservation Proximity Level High Score: 27.25 Monroe County Non -Preservation Proximity Level High Score: 14.00 Although Monroe County has two eligible Non -Preservation Applications that have less than 20 total proximity points, Monroe County is excluded from the provisions outlined in section d. above. Application F in Pinellas County is automatically deemed to have a Proximity Level 11 per section d. above. Using the Proximity Level High Scores, the Proximity Level ranges can be established for each county. Pinellas Countv Non -Preservation Preservation Provmity Level Hiah Score 35.00 27.25 Lowest score for Level 1 (Prommity Level Hiah Score multiplied by 0.95) 33.25 25.89 Lowest score for Level 2 (Provmity Level High Score multiplied by 0.90) 31.50 24.53 Lowest score for Level 3 (Provmity Level Hiah Score multiplied by 0.85) 29.75 23.16 Lowest score for Level 4 (Provmity Level Hiah Score multiplied by 0.80) 28.00 21.80 Lowest score for Level 5 Provmity Level High Score multi died by 0.75 26.25 20.44 ITAI016(Rev. ) 148 0- 48 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 7. Alonroe County Non -Preservation Preservation Prommity Level High Score 14.00 0 Lowest score for Level 1 (Prommity Level Hieh Score multiplied by 0.95) 13.30 0 Lowest score for Level 2 (Prommity Level High Score multiplied by 0.90 12.60 0 Lowest score for Level 3 (Prommity Level Hiah Score multiplied by 0.85) 11.90 0 Therefore, the Proximity Levels are as follows: Development Cate ory County Application Total Proximity Score Proximity Level Non -Preservation Pinellas A 35.00 1 Non -Preservation Pinellas B 34.00 1 Non -Preservation Pinellas C 32.00 2 Preservation Pinellas D 27.25 1 Preservation Pinellas E 26.75 1 Preservation Pinellas F 17.00 11 Non -Preservation Monroe G 14.00 1 Non -Preservation Monroe H 12.50 3 Florida Rate of Job Creation - Each Application will be measured to determine its Florida Job Creation score. The score will reflect the number of Florida jobs per $1 million of Housing Credits. Applications with a score equal to or greater than 100 will receive a ranking areference in the tie -breaker section of these instructions. Determination of the Florida Job Creation score will be based on the following information: The number of new constriction and/or rehabilitation units committed to by the Applicant (as stated by the Applicant at Part IILA.6. of the Application) The applicable Florida job creation rate for the type of units: Rate of 3.376 Florida Jobs per Unit for proposed new constriction units, Rate of 1.534 Florida Jobs per Unit for proposed rehabilitation units, and The Competitive HC Request Amount (as stated by the Applicant at Part V.A.1. of the Application) The score for Florida job creation per $1 million of Housing Credits will be measured using the following calculations: a. Developments consisting of new constriction units: Number of new constriction units x 3.376 Florida Jobs per Unit x 1,000,000 / Competitive HC Request Amount = Florida Jobs per $1 million of Housing Credits. For example: Application A consists of 80 new constriction units and is requesting $1,500,000 in Competitive Housing Credits. ITAI016(Rev. ) 149 6-48 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 80 x 3.376 x 1,000,000 / 1,500,000 = Florida Job Creation score of 180.053. This Application qualifies for the ranking preference. b. Developments consisting of rehabilitation units: Number of rehabilitation units x 1.534 Florida Jobs per Unit x 1,000,000 / Competitive HC Request Amount = Florida Jobs per $1 million of Housing Credits For example: ication B consists of 80 rehabilitation units and is reauestina $1.500.000 in Competitive Housing Credits. 80 x 1.534 x 1,000,000 / 1,500,000 = Florida Job Creation score of 81.813. This Application does not qualify for the ranking preference. C. Developments consisting of both new constriction units and rehabilitation units: of new constriction units x 3.376 Florida Jobs Der Unit + number of rehabilitation units x 1.534 Florida Jobs per Unit) x 1,000,000 / Competitive HC Request Amount = Florida Jobs per $1 million of Housing Credits For example: Application C consists of 56 new constriction units and 24 rehabilitation units and is requesting $1,500,000in Competitive Housing Credits. R56 x 3.376) + (24 x 1.534)1 x 1,000,000 / 1,500,000 = 150.581. This Application qualifies for the ranking preference. 8.4 Groups 1, 2 & 3 Total Score Classifications lffl o,a;4e! f !!E); ; g she BE -d'S ,,,.6ans an infer-malappea4l' Eeligible Applications will be classified in three groups based on the total score of each eligible Application: Group 1, Group 2 and Group 3. Eligible Applications will be classified in Group 1, Group 2 or Group 3 as follows: a. Eligible Applications will be listed in descending order beginning with the Application that has the highest total score and ending with the Application that has the lowest total score. Total score means the amount of points awarded to the Application, excluding any tie -breaker points. L?A1016 (Rev.) 150 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft b. The total number of eligible Applications will be multiplied by 50 percent and the resulting figure will be rounded up to the next whole number. The total score of the Application corresponding to such resulting figure is referred to as the "Total Score Cut -Off'. The Total Score Cut -Off or 75 points, whichever is greater, will be the "Group 1 Cut -Off." Only the Applications that achieve a total score that is equal to or greater than the Group 1 Cut -Off will be in Group 1. Group 2 will consist of the eligible Applications with a total score equal to or greater than 72 but which are not included in Group 1. Applications in Group 3 will consist of eligible Applications that are not included in Group 1 or Group 2. C. Unless otherwise provided in the Universal Application Instructions, Applications in Group 1 will be considered for funding first and if funds remain after funding all Group 1 Applications that can be funded, the Applications in Group 2 will be considered for funding. d. No Applications in Group 3 will be considered for funding except when necessary to meet the Competitive HC Non -Profit Goal as provided in the Competitive HC Goals section of these instructions. 9-_'�. Rental Assistance (RA) Level Applications will be classified into an RA Level as outlined in Part III.A.3.a. of the Instructions. 10.6, Tie -breakers a. Option 1 Tie -Breakers To determine the highest ranking Application(s) that will be considered for funding to meet the F da Key Homeless, TOD, Elderly,Homeless and Non - Profit Development Goals, all eligible unfunded Applications that qualify for each Goal will be sorted first on the total score and then Option 1 Tie -Breakers listed below. These tie -breakers will also be used to determine the highest ranking Application(s) that will be considered in order to distribute any remaining Non - Preservation funding as outlined in Section 13.c. 3 below and also any remaining HC Funds during Ranking Stage 3 as outlined in Section 13.d. 94(3)(f) below. (1) A/B Leveraging — An Application in Group A will receive preference over an Application in Group B. (2) Ability to Proceed — Preference will be given to the Application with the highest tie -breaker score in the Ability to Proceed section of the Application. L?A1016 (Rev.) 151 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (3) Proximity — Preference will be given to the Application with the lowest highes proximity tie -breaker level sear-e in the Proximity section of the Application so that Proximity Level 1 Applications receive the highest preference and Proximity Level 11 Applications receive the least preference. n .,plie4ians �h4 d na, aehieve a � W P - �.imity Tie a -o ke.F (5) r �S ed ; P I4 TT a f�he T ��r,66E),,� it cvirt�aE�er�e�L�rei�ei3�-c^c"s"sc&t vrcrrc�rscrcrv�w'irr A-1/A-2 Leveraging - An Application in Group A-1 will receive preference over an Application in Group A-2 and both will receive preference over an Application in Group B. (6) Florida Rate of Job Creation — All Applications with a Florida Job Creation score of at least 100 will receive preference. Q(o Lottery — Preference will be given to the Application with the lowest lottery number. b. Option 2 Tie -Breakers To determine the highest ranking Application that will be considered for funding to meet the RD Preservation and Public Housing Revitalization P -eseR, , iE)t Goals, all eligible unfunded Applications that qualify for each respective Goal will be sorted first on the total score and then Option 2 Tie - Breakers listed below. These tie -breakers will also be used to determine the highest ranking Application(s) that will be considered in order to distribute any Preservation fundin4 as outlined in Section 13.b.(2) below. t?A1016 (Rev.) 152 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft • . rrst:ree�ase�s� • . . r.� (1) Ability to Proceed — Preference will be given to the Application with the highest tie -breaker score in the Ability to Proceed section of the Application. (2) Age of Development — Preference will be given to Applications that demonstrate within the documentation provided at Part III.A.3.a. of the Application that the proposed Development was originally built in the year 1984-2 or earlier. Applieaelee� and Et""' zun�z L?A1016 (Rev.) 153 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (3) RA Level 1, 2 or 3 —Applications that achieve an RA Level Classification of 1, 2, or 3 will receive preference over those that do not achieve an RA Level Classification of 1, 2, or 3. (4) Concrete Constriction — An Application that meets the requirements to be considered concrete constriction at Part III.A.3.b. of the Instructions will receive preference over an Application that does not meet the requirements. (5) A/B Leveraging - An Application in Group A will receive preference over an Application in Group B. (6) Proximity — Preference will be given to the Application with the highest total proximity tie -breaker score in the Proximity section of the Application. be eaftsider-ed for- ftifldi-fl�. (7) Rental Assistance (RA) Level — Preference will be given to the Application with the lowest RA Level classification so that RA Level l Applications receive the most preference and RA Level 6 Applications receive the least preference. (8) A-1/A-2 Leveraging - An Application in Group A-1 will receive preference over an Application in Group A-2 and both will receive preference over an Application in Group B. n�84 Florida Rate of Job Creation - Preference will be given to Applications with a Florida Job Creation score of at least 100.F ar- da Goo ' 10 "Lottery — Preference will be given to the Application with the lowest lottery number. 11.E Set -Aside Unit Limitation (SAUL) a. SAUL provisions for Ranking Stage la (as outlined in 13.a. below) There are no SAUL provisions applied when considering Applications to meet the Homeless Development Goal. The units attributed to the Application selected for tentative funding are not applied towards any SAUL. b. SAUL provisions for Ranking Stage lb (as outlined in 13.b. below). L?A1016 (Rev.) 154 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (1) Geographic SAUL The Geographic SAUL categories are grouped as follows: Geo ra hic Groupin2 Geo2ranhic SAUL 110%of Geo2ranhic SAUL Small Countv Geographic SAUL 65 71 Medium County Geographic SATTL 480 528 Lame Countv Geographic SATTL 850 935 a) The above chart represents the SAUL for each Geourabhic Grouping. When an Application is selected for tentative funding within Ranking Stage lb, the total number of set -aside units committed to in that Application will be credited toward meeting the Geographic SAUL for the Geographic Grouper in which the proposed Development is located. (b) A Geographic SAUL is met in the following circumstances: (1) If the number of set -aside units credited toward the Geographic SAUL is zero at the time an Application for a Development located in that Geographic Grouping is considered for tentative funding and the Applicant committed to a total number of set -aside units that equals or exceeds the Geographic Grouper's SAUL, then when that Application is selected for tentative funding, the Geographic SAUL will be met, or 2) If the number of set -aside units credited toward the Geographic SAUL is not zero at the time an Application for a Development located in that Geographic Groupies is considered for tentative funding, but the Geographic SAUL has not been met, and the next Application to be considered for tentative funding committed to a total number of set - aside units that when added to the number of set -aside units already credited toward the Geographic SAUL would be equal to or greater than the Geographic SAUL but the total number of set -aside units credited would not exceed 110 percent of the Geographic SAUL, then when that Application is selected for tentative funding, the Geographic SAUL will be met, or TTA1016 (Rev.) 155 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (3) If the number of set -aside units credited toward the Geographic SAUL is not zero at the time an Application for a Development located in that Geographic Groupies is considered for tentative funding, but the Geographic SAUL has not been met, and the Applicant committed to a total number of set -aside units that when added to the number of set -aside units already credited toward the Geographic SAUL would exceed 110 percent of the Geographic SAUL, then the Geographic SAUL will be deemed to be met without that Application being selected for tentative fundin . (2) County Award Limit Each county is limited to 1 award within Ranking Staue lb_ even if the Geographic SAUL is still unmet. If all counties with Applications eligible for funding in Ranking Stage lb have been credited with 1 award and funding is still available, counties will be eligible to receive a second award within Ranking Stage lb. This pattern will continue until all funding available in Ranking Stage lb is exhausted. C. County SAUL provisions for Ranking Stage 2 (as outlined in 13.c. below) and Ranking Stage 3 (as outlined in 13.d. below) The county categories are grouped based on the 201120 18 Florida Statistical Abstract population figures, as follows: Large LL = 2 million or more LM = 1,500,001-1,999,999 LS = 1,000,000—1,500,000 LVS = 825,000 — 999,999 Medium ML = 250,001 — 824,999 MS = 100,001 — 250,000 Count-v Groups CounO Set -Aside Unit Limitation LL Miami -Dade 300 LM Broward 225 LS Hillsborough 125 Orange Palm Beach LVS Duval 100 Pinellas ML 100 Brevard Collier Small SL = 50,001—100,000 SM = 20,001 — 50,000 SS = up to 20,000 Count♦ Groups County Set -Aside Unit Limitation SL Columbia 100 Flagler 4a4s,4� Highlands T.,' Monroe Nassau Putnam Sumter Walton SM Baker 100 Bradford DeSoto L?A1016 (Rev.) 156 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft The above chart represents the SAUL for each county. When an Application is selected for tentative funding within Ranking Stage 2 and Stye 3, the total number of set -aside units committed to in that Application will be credited toward meeting the SAUL for the county in which the proposed Development is located. The *E)W number- E)f soy Of he Soy Hide bf-eakdOW14 . hat4 f r she P „!Sl applied f r ;,, she Set - Aside C ,,4,,, �;a f she n l'...,�ia v s� �h � C�irscccrva-vr-cac�-r�nicucrvrncc3 �-crrcrcirrciivc-a whale number -will be r dod tip �E) � o i. .. 1,alo ntimbe.r-. Ceounty's SAUL is met in the following circumstances: La If the number of set -aside units credited toward the Ceounty's SAUL is zero at the time an Application for a Development located in that county is considered for tentative funding and the Applicant committed to a total number of set -aside units that equals or exceeds the Ceounty's SAUL, then when that Application is selected for tentative funding, the Ceounty's SAUL will be met; or �3 If the number of set -aside units credited toward the Ceounty's SAUL is not zero at the time an Application for a Development located in that county is considered for tentative funding, but the L?A1016 (Rev.) 157 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft County's SAUL has not been met, and the next Application to be considered for tentative funding committed to a total number of set -aside units that when added to the number of set -aside units already credited toward the Ceounty's SAUL would be equal to or greater than the SAUL but the total number of set -aside units credited would not exceed 150 percent of the SAUL, then when that Application is selected for tentative funding, the Ceounty's SAUL will be met; or c If the number of set -aside units credited toward the Ceounty's SAUL is not zero at the time an Application for a Development located in that county is considered for tentative funding, but the County's SAUL has not been met, and the Applicant committed to a total number of set -aside units that when added to the number of set -aside units already credited toward the Ceounty's SAUL would exceed 150 percent of the SAUL, then the Ceounty's SAUL will be deemed to be met without that Application being selected for tentative funding. 3 Examples of the County SAUL being met when a county has a SAUL of 100 set -aside units: (a) The number of set -aside units credited toward the Ceounty's SAUL is zero, and an Application for a Development located in that county that committed to 200 set -aside units is selected for tentative funding. (b) There are 60 set -aside units credited toward meeting the Ceounty's SAUL and an Application for a Development located in that county that committed to 80 set -aside units is selected for tentative funding. (c) There are 60 set -aside units credited toward meeting the Ceounty's SAUL and an Application for a Development located in that county that committed to 100 set -aside units is the next Application considered for tentative funding. The county will be deemed to have met its SAUL without that Application being selected for tentative funding. (d) There are 60 set -aside units credited toward meeting the Ceounty's SAUL and two Applications for Developments located in that county that committed to 100 set -aside units and 60 set -aside units. respectively, are the next two highest ranked Applications to be considered for tentative funding. In this event, the county will be deemed to have met its SAUL without either Application being selected for tentative funding. L?A1016 (Rev.) 158 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft The County SAUL process implementation will be governed by the following: ftinding. The number of set -aside units credited to each County's SAUL in Ranking Stage 2 and the number of times each County has met its SAUL within Ranking Stage 2 will continue to be reflected on each County's SAUL within Ranking Stage 3 and will not be adjusted to zero at the commencement of Rankine 3. S� nos o ftit4 o- o .,rained i co4;,,,, Q ,a be ... b�{733} Unless otherwise provided in the Universal Application Instructions, when considering Applications for tentative funding priority will be given to eligible unfunded Group 1 Applications with proposed Developments in counties which have not met County SAUL w4hin toe same SAUL S+-age. Next, eligible unfunded Group 1 Applications with proposed Developments in counties which have met County SAUL the least number of times will be considered. Then, after funding all eligible unfunded Group 1 Applications that can be funded, the same process will be followed with eligible unfunded Group 2 Applications. Lc�04 Once a county is credited with meeting its County SAUL, the number of set -aside units credited to the county will be deemed to be zero for the purposes of crediting additional set -aside units to the county. For example: The County SAUL for County A is 100. County A met its SAUL when credited with 150 set -aside units. If another Application located in County A is selected for funding w4hin toe same SAU-L S+-age-and it has 75 set -aside units, the number of set -aside units credited to County A will be 75 set -aside units, not the 150 set -aside units previously credited to County A plus 75 set -aside units. County A s*4us 4 *h4 .,air, i *h4 S ^ T'T age would be that it had met its County SAUL once and had 75 units credited towards meeting its second County SAUL. L?A1016 (Rev.) 159 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 12.8, Funding Provisions a. {34 An Applicant that selected and qualified for the Homeless Demographic at Part IILD. of the Application must apply for Competitive HC and HOME. However, the Application will only be eligible for tentative funding if the HC Homeless Goal has not been met. Once the HC Homeless Goal has been met, all remaining eligible unfunded Applications requesting Competitive HC and HOME funding will no longer be eligible to be selected for any funding. b. Distribution of the Total Housing Credit Allocation Authority a, ,ai ble 4 6 , f r-alql4pg: (1) Non -Preservation Set -Aside will be used to fund Applications only in Ranking Stages la, lb, and 2 (a) 65 percent of total Housing Credit Allocation Authority available at the time of ranking will be deemed the Non -Preservation Set - Aside. The Non -Preservation Set -Aside is reserved for Non - Preservation Applications fallowing Deyei,,pme � C-4egar-ies 4 P t4 1II n 3 of �he v edo of (b) Applications that qualify for funding from the Non -Preservation Set -Aside described in (1)(a) above will not be funded if there are not enough Housing Credits available in the Non -Preservation Set - Aside to fund 100 percent of the Application's HC request amount. L?A1016 (Rev.) 160 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft In the event that an Application is not selected for tentative funding for this reason, then no other Non -Preservation Application() �ha4 s lee, ed R.,, P l,.p ffi ii� G 4ege ef- Redd .elapme n s4ia,, and Redd .elopme will be considered for tentative funding, even though there may be enough Housing Credits available to fund 100 percent of another Application's request amount, p* as dese-ibed in See6 ns (2) Preservation Set -Aside will be will be used to fund Applications only in Ranking Stages la, lb, and 2 (a) 35 percent of total Housing Credit Allocation Authority available at the time of ranking will be deemed the Preservation Set -Aside. The Preservation Set -Aside is reserved for Preservation Applications �h4 selee�ed and n li fie a for- she fallowing (b) Applications that qualify for funding from the Preservation Set - Aside described in (2)(a) above will not be funded if there are not enough Housing Credits available in the Preservation Set -Aside to fund 100 percent of the Application's HC request amount. In the event that an Application is not selected for tentative funding for this reason, then no other Preservation ApplicationO � P -eseR, , iat will be considered for tentative funding, even though there may be enough Housing Credits available to fund 100 percent of another Application's request amount, &ieep� as (3 The Sffiall atid Meditiffi Getititt, Liffli Geographic Set -Asides will be applied only in Ranking Stage 2 (a) Small County Geographic Set -Aside NE) mar-e *h 4.0 percent of the Non -Preservation Set -Aside teW available at the commencement of Ranking Stage 2 6 m e of rank g will be awake deemed the Small County Geographic Set -Aside. When considering Applications for tentative funding within Ranking Stage 2, the highest ranking Small County Application(s) will to be selected for tentative funding. If the last remaining amount of Housing Credits is not sufficient to fully fund the next highest scoring eligible Application, but is enough to fund at least L?A1016 (Rev.) 161 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 60 percent of the Application's HC Request Amount, then that Application will be tentatively selected for funding and will be entitled to receive a Binding Commitment for the unfunded balance. If the last remaining amount of Housing Credits is not sufficient to fund at least 60 percent of that Application's HC Request Amount, then neither that Application nor any other Small County Applications will be funded within the Small County Geourabhic Set -Aside. ^ .,elie4ians &ieee*whetq , ee6t a she •��rea��sr��e*e�ere�Res:eeR•s� _ _ r.�■■r (b) Medium County Geographic Set -Aside Ne ffier-e +h 33.7 percent of the Non -Preservation Set -Aside Hatising C -ed4 n llae4ia n „4aFitt, available at the commencement of Stage 2 6e of nl4ftg will be deemed the awake Medium County Geographic Set -Aside. When considering Applications for tentative funding within Stage 2, Medium County Applications will not be funded if there are not enough Housin4 Credits available in the Medium County Geographic Set -Aside to fund 100 percent of the Application's HC request amount. . In the event that an Application is not selected for tentative funding for this reason, no other Medium County Applications would be selected for funding in Stage 2, and the remaining funding within the Medium County Geographic Set - Aside will be distributed in Ranking Stage 3 in accordance with Section 13.d. of these Instructions. ^ .,elie4ians &ieee*wheff ee�■ee�•�s�ees•�EreIFYOWM *e�ere�Res:ee�es� . (c) Large County Geographic Set -Aside 62.3 percent of the Non -Preservation Set -Aside available at the commencement of Stage 2 will be deemed the Large County Geographic Set -Aside. When considering Applications for tentative funding within Stage 2, Lame County Applications will not be funded if there are not enough Housing Credits available in the Lame County Geographic Set -Aside to fund 100 percent of the Application's HC request amount. In the event that an Application is not selected for tentative funding for this reason, no other Medium County Applications would be selected for funding in Stage 2, and the remaining funding within the Medium County L?A1016 (Rev.) 162 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Geographic Set -Aside will be distributed in Ranking Stage 3 in accordance with Section 13.d. of these Instructions NOTE: During Stage 2, an Application will not be selected for tentative funding if there are not enough Housing Credits available to fund the Applicant's request amount in both the applicable Geographic Set -Aside and also the applicable Preservation or Non -Preservation Set -Aside. (4) During Stage 3, any HC funding that is still available will be distributed as outlined in Section 13.d. below, without regard to the Preservation, Non - Preservation Set -Aside or the County Geographic Set -Aside provisions. C. HC Goals: The Housing Credit Program has a goal to allocate Housing Credits to a minimum of: • 1 Homeless Development • 1 RD Preservation Development • 3 TOD Developments • 1 Public Housing Revitalization Development • 1 Elderly Development, which may be an Assisted Living Facility • Minimum 15 percent of the Allocation Authority per the Qualified Allocation Plan to Non -Profit Applicants* * The last Non -Profit Application selected to meet the 15 percent Non -Profit Goal -,Hill tentatively receive a full allocation of Competitive HC even though the total Non -Profit tentative allocation may exceed 15 percent. A Non -Profit Application issued a Binding Commitment in any prior Funding Cycle will not count toward meeting the 15 percent Non -Profit Goal for the current Funding Cycle. To be eligible for these Goals the Application must meet the following criteria: ■..e�e�er�ereeeesrsier.�rsr.*ss��ss� ■ ■ (1) Homeless Development Goal - Applicants must have selected and qualified for the Homeless Demographic at Part IIL13.3. of the Application, regardless of the Development Category selected at Part IILA.3.a. of the Application. J TA1016 (Rev . ) 163 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 2) RD Preservation Development Goal - Applicants must have aualified as an RD Preservation Development by (i) selecting and qualifying for the Preservation or Acquisition and Preservation Development Category at Part III.A.3.a. of the Application, and (ii) meeting all of the RD 538 Program requirements outlined in Part V.A.2.d.(3) of the Instructions. (3) TOD Development Goal - Regardless of *he Deve',,pme * C-4eg � , Applicants must have selected and qualified as a TOD Development at Part II1.A.2. ..Ir of the Application. , «i i& r�r;io P-z� »> �E'�C,t?c�r (4) Public Housing Revitalization Development Goal - Applicants must have selected and qualified as a Public Housing Revitalization Development at Part III.A.21 of the Application. (5) Elderly Development Goal - Applicants must have selected and qualified for the Elderly Demographic at Part III.D.1. of the Application, regardless of the Development Category selected at Part III.A.3.a. of the Application. Non -Profit Applicant Goal - Applicants must have selected and qualified as a Non -Profit Applicant as outlined in Part II.A.2.e. of the Application, regardless of the Development Category selected at Part III.A.3.a. of the Application. The Corporation will attempt to achieve each Goal by selecting the highest I TA1016 (Rev. ) 164 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft ranking eligible unfunded Application(s) that qualify for the Goal. An Application selected for tentative funding may satisfy more than one Goal. For example, an Application selected for tentative funding that qualified as a Public Housing Revitalization Development and also qualified as an Elderly Development may count toward meeting the Public Housing Revitalization Goal as well as count toward meeting the Elderly Goal. An Application that is eligible to compete in one Goal but is not selected for funding to meet that Goal will be considered for funding to meet any other Goals that it is also eligible to compete in, as well as for the remaining Preservation funding described in Section 13.b.(2) below, Non -Preservation funding described in 13.c.(3) below, or pooled HC funding described in 13.d. below, as applicable. I.4- Application funding order: Unless otherwise provided in the program riles and these instructions, throughout the entire selection process any consideration of an Application for tentative allocation is subject to the following: (a) funding provisions, (b) threshold and other eligibility requirements, (c) SAUL provisions, (d) Groups 1, 2, & 3 provisions, (e) total score, and (f) tie -breaker provisions. Eligible unfunded Applications will be considered for tentative funding in the following order: a.(44 c^Ranking Stage la (1) 1 Homeless Development Goal a) All eligible Preservation and Non -Preservation Abblicatlons that are eligible for this Goal will be listed together and sorted first on total score and then Option 1 Tie -Breaker Order as described in Section 10.a. above. The highest ranking eligible unfunded Application that qualifies as a Homeless Development will be tentatively selected for funding. (b) The set -aside units attributed to the Application selected for tentative funding to meet this Goal will not be applied towards any SAT]T, b. Ranking Stage lb (1) 1 RD Preservation Development Goal If the Goal has not already been met with a previously selected Application, all unfunded Applications that are eligible for this Goal will be listed together and sorted first on total score and then Option 2 Tie - Breaker Order as described in Section 10.b. above. The highest ranking L?A1016 (Rev.) 165 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft unfunded Application that is eligible for this Goal will be tentatively selected for funding. (2) Remaining Preservation funding; (a) Small County Preservation Applications All unfunded Small County Preservation Applications will be listed together and sorted first on total score and then Option 2 Tie - Breaker Order as described in Section 10.b. above. The highest ranking eligible unfunded Small County Application(s) will be selected for funding. Medium County Preservation Applications All unfunded Medium County Preservation Applications will be listed together and sorted first on total score and then Option 2 Tie - Breaker Order as described in Section 10.b. above. The highest ranking eligible unfunded Medium County Application(s) will be selected for funding. (c) Large County Preservation Applications All unfunded Lame County Preservation Applications will be listed together and sorted first on total score and then Option 2 Tie - Breaker Order as described in Section 10.b. above. The highest ranking eligible unfunded Lame County Application(s) will be selected for funding. C. Ranking Stage 2 3 TOD Developments Goal a) Notwithstandinu Section 8.c. above_ when selectinu eliuible unfunded Applications to meet the Goal of funding 3 TOD Developments, a lower ranked Application will be selected for tentative fundingprior to a higher ranked Application if the higher ranked Application is located in a county where a TOD Application has already been tentatively selected for funding, even if the higher ranked Application is in Group 1 and the lower ranked Application is in Group 2. Once this Goal has been met, this provision will no longer apply. (b) All unfunded Applications that are eligible for this Goal will be listed together and sorted first on total score and then Option 1 Tie - Breaker Order as described in Section 10.a. above. The highest L?A1016 (Rev.) 166 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft ranked Application(s) among all remaining unfunded Applications that are eligible to meet the TOD Goal will be funded until the Goal to fund 3 TOD Developments has been met. 1 Public Housing Revitalization Develobment Goal All unfunded Applications that selected and qualified as a Public Housing Revitalization Development will be listed together and sorted first on total score and then Option 2 Tie -Breaker Order as described in Section 10.b. above. The highest ranking unfunded Application eligible for this Goal will be tentatively selected for funding. (3) Remaining Non -Preservation funding (a) Small County Non -Preservation Applications If there is funding remaining in the Small County Geographic Set - Aside, all unfunded Small County Non -Preservation Applications will be listed together and sorted first on total score and then Option 1 Tie -Breaker Order as described in Section 10.a. above. The highest ranking eligible unfunded Small County Application(s) will be selected for funding. Any funding that remains in the Small County Geographic Set -Aside will be distributed in accordance with Section 13.d. below. Medium County Non -Preservation Applications If there is funding remaining in the Medium County Geographic Set -Aside, all unfunded Medium County Non -Preservation Applications will be listed together and sorted first on total score and then Option 1 Tie -Breaker Order as described in Section 10.a. above. The highest ranking eligible unfunded Medium County Application(s) will be selected for funding. Any funding that remains in the Medium County Geographic Set -Aside will be distributed in accordance with Section 13.d. below. (c) Large County Non -Preservation Applications If there is funding remaining in the Large County Geographic Set - Aside, all unfunded Large County Non -Preservation Applications will be listed together and sorted first on total score and then Option 1 Tie -Breaker Order as described in Section 10.a. above. The highest ranking eligible unfunded Large County Application(s) will be selected for funding. Any funding that remains in the Large County Geographic Set -Aside will be distributed in accordance with Section 13.d. below. L?A1016 (Rev.) 167 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft d. Ranking Stage 3 All remaining unallocated Housing Credit funding will be pooled and distributed without regard to the Preservation, Non -Preservation or Geographic Set -Asides outlined above. The number of set -aside units credited to each County's SAUL in Stage 2 and the number of times each County has met its SAUL within Stage 2 will continue to be reflected on each Countv's SAUL within Staue 3 and will not be adjusted to zero at the commencement of Stage 3. (1) 1 Elderly Development Goal If the Goal has not alreadv been met with breviously selected Applications, all unfunded Applications that are eligible for this Goal will be listed together and sorted first on total score and then Option 1 Tie - Breaker Order as described in Section 10.a. above. The highest ranking unfunded Application will be tentatively selected for funding. If the pooled funding is insufficient to fully fund that Application, a Binding Commitment will be issued. 15 Percent Non -Profit Goal If the Goal has not already been met with previously selected Applications, all unfunded Applications that are eligible for this Goal will be listed together and sorted first on total score and then Option 1 Tie - Breaker Order as described in Section 10.a. above. The highest ranking edible unfunded Non -Profit Application(s) will be tentatively selected for funding until it is determined that the Non -Profit Goal has been met. A Non -Profit Application classified in Group 3 may be considered for fundin , but will be tentatively selected for funding only if the Non -Profit Goal is unmet and it is determined to be the highest ranking eligible unfunded Application. If the pooled funding is insufficient to fully fund the highest ranking Non -Profit Application, a Binding Commitment will be issued. If the Non -Profit Goal still has not been met, Binding Commitments will be issued to the highest ranking Non -Profit Applications, as necessary, to meet the Non -Profit Goal. (3) Remaining HC Funds If there are any Housing Credits that remain, the funding will first be allocated to fund any Development that has been partially funded. If there are any Housing Credits that remain, all eligible unfunded Applications will be listed together and sorted first on total score and then Option 1 Tie -Breaker Order as described in Section 10.a. above. The L?A1016 (Rev.) 168 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft highest ranking eligible unfunded Application will be selected for fundipL The same process will continue until such time it is determined that funding the highest ranking Application would exceed the remaining Housing Credits available. Once that has occurred, that Application will be selected for funding, receiving the remaining balance of Housing Credits available as well as a Binding Commitment for the remainder of the Application's request amount. At which time, no further Applications will be selected for funding. 41 Competitive HC fundinu available after the Board abbroves the final ranking will be allocated in accordance with the QAP. The number of set - aside units credited to each County's SAUL in Stage 2 and Stage 3 and the number of times each County has met its SAUL within Stage 2 and Stage 3 will continue to be reflected on each County's SAUL. These SAUL provisions will continue to be applied if additional Competitive HC funding becomes available after the Board approves the final ranking and additional Applications are considered for such funding. . ra�e�eeEs�ee��r.��.�ees��e�r�r.��seers��• ■ • L?A1016 (Rev.) 169 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft ■ S.I.1 I . ■ ■. .■ L?A1016 (Rev.) 170 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft m"AmEm-m-■ ■ EI ME • 11 (3 ) SAUL— Stage :33 L?A1016 (Rev.) 171 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft L?A1016 (Rev.) 172 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft L?A1016 (Rev.) 173 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft ■ FEES The Corporation, Credit Underwriter or environmental provider shall collect via check or money order from the Borrower/Applicant the following fees and charges in conjunction with the MMRB, SAIL, HOME and HC Programs. Failure to pay any fee shall cause the firm loan commitment under any program to be terminated or shall constitute a default on the respective loan documents. Application Fee: All Applicants requesting HOME, MMRB, and HC shall submit to the Corporation by the Application Deadline a non-refundable Application fee of $3,000.00. 2. TEFRA Fee: Applicants requesting MMRB must submit to the Corporation by the Application Deadline a non-refundable TEFRA fee of $500 per Application. Credit Underwriting Fees: The following fees are not the fees that will be charged, but are listed below for estimation purposes of completing your pro -forma in the Application. The actual fees will be determined based on the current contract and any addendum for services between Florida Housing Finance Corporation and the Credit Underwriter(s) in effect at the time underwriting begins. L?A1016 (Rev.) 174 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft a. Initial fee: (1) SAIL Only .......................................... $12,403 $12,842 HC Only ............................................. $11,162$10;97 MMRB Only ...................................... $13,333 $12,945 HOME Only* ..................................... $12,403 Q " ,042 (2) If requesting funding from more than one program, the fee will be the highest program fee plus the multiple program fee of $3,855 for each additional program. For example: Additional Program(s) With Competith With Non - Program Initial Fee SAIL HC Competitive JF7«'ith I HC MMRB '13,333 M945 $3,971 $3,971 $: '953 $: '955 SAIL $12,403 2 $3,971 $ SAIL (-,vith $12,403 $3,971 Local Bonds) S HC $11,162 s HOME * $12,403 $3,971 (3) MMRB Subsidy Layering Review (a) If previously underwritten ............. $2,190 (b) If not previously underwritten ...... $3,845 $3,733 (4) Competitive HC Preliminary Recommendation Letter (PRL): $1,452 $1,410 b. Re -underwriting fee: $162 &1-5-7 per hour, not to exceed $7,192 $6,993 for SAIL, HOME*, HC and MMRB If a Housing Credit Development involves Scattered Sites of units within a single market area, a single credit underwriting fee shall be charged. Any Housing Credit Development requiring further analysis by the Credit Underwriter pursuant to Section 42(m)(2) of the IRC, as well as any SAIL Development or HOME Development* requiring further analysis by the Credit Underwriter pursuant to this rile chapter, will be subject to a fee based on an hourly rate determined pursuant to contract between the Corporation and the Credit Underwriter. All Credit Underwriting fees shall be paid by the Applicant prior to the performance of the analysis by the Credit Underwriter. ITAI016(Rev. ) 175 6-46 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft *Applicants requesting HOME that do not apply as a Non -Profit entity, as defined in Rule 67-48.002, F.A.C., will be responsible for the fees set out in Items 3.a. and 3.b. above, as well as fees resulting from further analysis pursuant to this rile chapter. 4. Administrative Fees: a. With respect to the HC Program, each for -profit Applicant shall submit to the Corporation a non-refundable administrative fee in the amount of 8 percent of the annual Housing Credit Allocation amount stated in, as applicable: the Preliminary Allocation, Binding Commitment, or Preliminary Determination. The administrative fee shall be 5 percent of the stated annual Housing Credit Allocation for Non -Profit Applicants. The administrative fee must be received by the Corporation as stated in the Preliminary Allocation, the Binding Commitment, the Carryover Allocation Agreement or the Preliminary Determination, whichever is applicable. In the event the Final Housing Credit Allocation amount exceeds the annual Housing Credit Allocation amount stated in the Preliminary Determination, the Applicant is responsible for paying the applicable administrative fee on the excess amount before IRS Forms 8609 are issued for the Development. b. With respect to the SAIL Program, each for -profit Applicant shall submit to the Corporation a non-refundable administrative fee in the amount of 1 percent of the Applicant's preliminary commitment amount. The non-refundable administrative fee for Non -Profit Applicants shall be'/4 percent of the Applicant's SAIL preliminary commitment amount. The administrative fee must be submitted to the Corporation at the time the invitation to enter credit underwriting is accepted by the Applicant. In the event the amount stated in the preliminary commitment is less than the SAIL request amount stated by the Applicant in its Application, the Applicant will be responsible for paying the applicable administrative fee on any additional SAIL funds that are offered to and accepted by the Applicant for the Development. The administrative fee payment will be credited toward the SAIL loan closing costs. Commitment Fees: With respect to the SAIL Program, each Applicant to which a firm commitment is granted shall submit to the Corporation a non-refundable commitment fee of 1 percent of the SAIL loan amount upon acceptance of the firm commitment. a. Non -Profit sponsors who provide a certification indicating that funds will not be available prior to closing shall be permitted to pay the commitment fee at closing. b. All Applicants shall remit the commitment fee payable to the Florida Housing Finance Corporation. 6. Compliance Monitoring Fees: L?A1016 (Rev.) 176 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft The following fees are not the fees that will be charged, but are listed below for estimation purposes of completing your pro -forma in the Application. The actual fees will be determined based on the current contract and any addendum for services between Florida Housing Finance Corporation and the Compliance Monitor(s). a. SAIL Only: A total a -Annual fee comprised of a base fee of $1,824 $1,776 + an additional fee per set -aside unit of $9.00 per- se* .,side , subject to a minimum of $2,832, billed annually following loan closing b. HC: (1) Pre -final allocation compliance monitoring fee comprised of a base fee of $1,824 $1,776 + an additional fee per set -aside unit of $9.00 per- se -de tta4, subject to a minimum of $2,832, to be collected as stated in the Preliminary Housing Credit Allocation, Carryover Allocation Agreement or Binding Commitment; and (2) Annual cEompliance monitoring fee — (a) All Developments other than RD — Annual fee to be comprised of a base fee of $1,824 $1,776 + an additional fee per set -aside unit of $9.00 per- se* aside , subject to a minimum of $2,832, and subject to adjustments annually, but not decreased, based on the South Region Consumer Price Index for the twelve month period ending each November -1 which this automatic increase shall not exceed 3 percent of the prior year's fee, for the full Housing Credit Extended Use Period collected at final allocation based on a quarterly payment stream discounted at a rate of 2 percent. (b) RD Developments - $450 per Development for the full Housing Credit Extended Use Period collected at final allocation based on a quarterly payment stream discounted at a rate of 2 percent. Upon prepayment or repayment of the RD loan, the previously identified RD Development will be identified as a non-RD Development and the annual compliance monitoring fee will be adjusted accordingly. If during any year subsequent to the Final Housing Credit Allocation, there is a fee increase based on the Consumer Price Index, as stipulated in the current contract for services between Florida Housing Finance Corporation and the Compliance Monitor(s) or upon prepayment or repayment of the RD loan, the additional fee will be billed directly to the Development. C. SAIL with HC: L?A1016 (Rev.) 177 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Additional program fee — annual fee of $844 9, billed annually following the Final Housing Credit Allocation. This fee will be in addition to the HC fees set out in Item 6.b. above. d. MNM (with or without HC) — Annual fee to be comprised of a base fee of $1,824 $1,776 + an additional fee per set -aside unit of $9.00 per- se* .,side subject to a minimum of $2,832, Annual f e "f ^ basis p n*s a *he ^*�*^�'�� Li ,)R�2P, billed annually following loan closing. e. Follow-up Review - $162 &1-5-7 per hour . ...IM . .. ........... •. . 7. 8- Loan Servicing Fees: a. Permanent Loan Servicing Fees: SAIL and HOME loans each have a Permanent Loan Servicing Fee to be paid annually. The following fee is listed for estimation purposes whereby the actual fees will be determined based on the current contract and any addendum for services between Florida Housing Finance Corporation and Servicer(s). 25 bps of the outstanding loan amount, up to a maximum of $9,288 $9,009 annually, subject to a minimum of $2,328 $2,253 annually. b. Constriction Loan Servicing Fees: SAIL and HOME loans each have a Constriction Loan Servicing Fee to be paid as indicated. The following fees are listed for estimation purposes whereby the actual fees will be determined based on the current contract and any addendum for services between Florida Housing Finance Corporation and Servicer(s). L?A1016 (Rev.) 178 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft $162per hour for an in-house review of a draw request, up to a maximum of $1,985 $'� per draw. $162 $4-5-7 per hour for on -site inspection fees, up to a maximum of $1,613 $1,566 per inspection. For HOME loans only: • Federal Labor Standards Monitoring fee is 75 bps of the outstanding loan amount, up to a maximum of $14,496 $' ^� annually, subject to a minimum of $4,080 $3,959 annually. In addition, there is a $309 $7,14 fee per site visit relative to interviews and $824 for the preconstriction conference. There is an hourly rate of $162 for any extraordinary services. 8. -9- Tax-exempt Mortgage Financing: If Corporation tax-exempt mortgage financing is used for the first mortgage loan, the same fee schedule as described above shall be applied to both the first mortgage loan and the SAIL loan. Additional legal, cost of issuance, bond underwriting, credit enhancement, liquidity facility and servicing fees associated with the financing shall also be paid by the Applicant. 9. 4-0, Constriction Inspection Fees: The following fees are not the fees that will be charged, but are listed below for estimation purposes of completing your pro -forma in the Application. The actual fees will be based on the current contract and any addendum for services between Florida Housing Finance Corporation and the Servicer(s). On -site constriction inspection - $162 -$-� per hour, not to exceed $1,613 $1,566 per inspection for SAIL, HC and MMRB. 10. 44, Loan Closing Extension Fees: In the event a SAIL or HOME loan does not close within the timeframes prescribed, extension fees will be assessed pursuant to subsection 67-48.0072(26) and paragraph 67- 48.0072(4)(c), F.A.C. 11. 4-2, Additional SAIL Fees: SAIL Applicants will be responsible for all fees associated with the Corporation's legal counsel related to the SAIL Program. 12. 4-3, Additional MMRB Fees: L?A1016 (Rev.) 179 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft The following fees may not be the fees that will be charged, but are listed below for estimation purposes of completing your pro -forma in the Application. The actual fees will be based on the current contract and any addendum for services between Florida Housing Finance Corporation and the professionals involved as well as on the loan commitment signed by the Applicant and Florida Housing Finance Corporation. Ongoing Fees — based on the amount of bonds outstanding as follows: Under $10,000,000 40 basis points $10,000,000 to $14,999,999 37 basis points $15,000,000 to $19,999,999 35 basis points $20,000,000 to $24,999,999 33 basis points $25,000,000 and over 31 basis points Ongoing fees include compliance monitoring fees, loan servicing fees, financial monitoring fees, trustee fees, arbitrage rebate fees and the issuer fee. The above fees are subject to a minimum of $15,000 per annum. 13. 44 Additional HOME Fees: HOME Applicants that do not apply as a Non -Profit entity, as defined in Rule 67-48.002, F.A.C., will be charged fees for environmental review based on the current contract for services between Florida Housing Finance Corporation and the Environmental Provider(s). 14. � Development Cost Pro Forma: All of the fees set forth above with respect to the SAIL Program are part of Development Cost and can be included in the Development Cost Pro Forma and paid with loan proceeds. 15. 4-6, Additional HC Fees: a. If the Applicant requests permission to return its HC allocation and receive a new HC allocation and such request is approved, whether by the Executive Director in accordance with Section 9 of the QAP or by the Board through a rile waiver, the Applicant will be charged a nonrefundable processing fee of $15,000 per request. b. If, after the 141h year of the Compliance Period, the Applicant decides to submit a written request to the Corporation to find a person to acquire the Development, it must, according to Rule 67-48.031, F.A.C., submit the request utilizing the Qualified Contract Package and submit the nonrefundable Qualified Contract Package fee in the amount equal to one fourth of one percent of the qualified contract price. L?A1016 (Rev.) 180 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft C. HC Applicants shall be responsible for all processing fees related to the HC Program. 16. 4-7L. Assumption/Renegotiation Fees: For all loans, excluding MMRB, where the Applicant is requesting a sale and/or transfer and assumption of the loan, the borrower or purchaser shall submit to the Corporation a non-refundable assumption fee of one -tenth of one percent of the loan amount. For all loans, excluding MMRB, where the Applicant is requesting a renegotiation of the loan, the borrower shall submit to the Corporation a non-refundable renegotiation fee of one-half of one percent of the loan amount. For all loans, excluding MMRB, where the Applicant is requesting an extension of the loan term, the borrower shall submit to the Corporation a non-refundable extension fee of one -tenth of one bercent of the loan amount. If the extension is associated with a renegotiation of the loan, then only the renegotiation fee will be charged. SUPPLEMENTAL MMRB APPLICATION CYCLE A. Application General Provisions When authorized by the Corporation's Board of Directors, a Supplemental MMRB Application Cycle will be held. Applications for this supplemental cycle shall be submitted using the current Universal Application Package. The provisions of these instructions regarding the Supplemental MMRB Application Cycle shall take precedence over any inconsistent provisions in the Universal Application Package or Rule Chapters 67-21 and 67-48, F.A.C., for all Applications submitted during the Supplemental MMRB Application Cycle. a. The Application may be submitted for only Florida Housing -issued MMRB with or without non-competitive HC. If an Applicant requests Corporation -issued MMRB with or without non- competitive HC in the supplemental cycle and intends to apply for SAIL funding or HOME funding in a future Universal Application Cycle or other competitive funding process, it must show the amount of SAIL funding or HOME funding that the Applicant intends to apply for in a future Universal Application Cycle or other competitive funding process in the pro -forma of its Supplemental MMRB Application and otherwise meet all of the requirements imposed by the SAIL or HOME Rule (Chapter 67-48, F.A.C.). L?A1016 (Rev.) 181 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft b. Fees Refer to the Fees section of the current Universal Application Instructions. 2. Proximity Section IILA.10 (Proximity) will not be scored and does not have to be completed by the Applicant for the Supplemental MMRB Application Cycle. 3. Ability to Proceed For purposes of the Supplemental MMRB Application, the phrase "Application Deadline" shall mean the submission date of the Supplemental MMRB Application. fallowing 6m f es will apply for- Sre P la ,42 4 pp -,,va S; e 4. Funding and Equity Proposals `reffi 4ffieii s All funding and HC equity proposals eeffiffl4ffieii+fi must reflect an expiration date that is no earlier than eight 8 e-(9) months after the submission date of the Supplemental MMRB Application. B. Ranking and Selection Criteria General Provisions Supplemental MMRB Applications will be received on a continuous basis during the Application Period. At the time it directs staff to proceed with a Supplemental MMRB Application Cycle, the Board may also direct staff to set aside a certain amount of private activity bond allocation to serve one or more categories of Development. All remaining allocation assigned by the Board for use by the MMRB Program will be made available to Applications which are not competing in a set -aside, subject to the L?A1016 (Rev.) 182 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft provisions below. Eligible non -set -aside Applications will be funded on a first -come first -served basis out of the remaining available allocation. All Applications will be scored by Corporation staff and Applicants will be given opportunities to cure any deficiencies identified by staff. The provisions of sections 67- 21.003(4)—(9), F.A.C., will not govern the scoring of the Supplemental MMRB Applications. An Application is considered submitted with the Corporation when the electronic copy, Original Hard Copy, three photocopies and the Application fee and TEFRA fee are received by the Corporation. However, Applications will not be considered eligible for first -come, first -served funding in either the set -aside or non -set -aside categories until the date that all identified deficiencies are cured. To be eligible for funding in the Supplemental MMRB Application Cycle, Applications must achieve 79 points (the maximum score possible) and meet all threshold requirements, unless otherwise approved by the Board. Neither SAUL nor Geographic Set -Asides will apply to Supplemental MMRB Applications. If there is private activity bond allocation remaining after all eligible Applications are funded, then this allocation will be applied to the Corporation's single-family bond program or otherwise used as directed by the Board. 4 PERCENT HC COUNTY HFA BONDS APPLICATION Applicants requesting non-competitive 4 percent Housing Credits for proposed Developments financed by a County Housing Finance Authority established pursuant to Section 159.604, F.S., must apply for the non-competitive 4 percent HC by submitting the 4 Percent HC County HFA Bonds Application Form along with the required exhibits, in accordance with the following instructions. The 4 Percent HC County HFA Bonds Application Form is included in the 2013 2011 Universal Application Package as the last exhibit form. The 4 Percent HC County HFA Bonds Application Form can be submitted to the Corporation anywhere from the time the Applicant enters credit underwriting for the Bonds up until the last Corporation business day of December of the year the Development is placed in service. To meet threshold, the Applicant must: • Submit one (1) complete copy of the 4 Percent HC County HFA Bonds Application Form, along with all applicable exhibits, executed with an original signature and labeled "Original Hard Copy"; and • Submit one (1) photocopy of the "Original Hard Copy"; and L?A1016 (Rev.) 183 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft • Include the required Application fee in the "Original Hard Copy" of the Application form. A. Application Instructions Applicant: a. State the name of the Applicant. b. Provide a listing of the Principals for the Applicant, including the percentage of ownership interest of each Principal, as "Exhibit 1" to the Application form. C. Enter Applicant's Federal Employer Identification Number. If the Federal Employer Identification Number has not yet been obtained, provide a copy of the completed, submitted application for that number behind a tab labeled "Exhibit 2". d. If the Applicant applies as a Non -Profit entity it must remain a Non -Profit entitv. The Non -Profit entitv understands and acknowledges that it is the Non -Profit entity's responsibility to contractually ensure that it substantially and materially_ participates in the management and operation of the Development throughout the Compliance Period. If the Applicant is applying as a Non -Profit entity, failure to include the following information behind a tab labeled "Exhibit 3" will result in disqualification as a Non -Profit entitv and failure to meet threshold: (1) Attorney opinion letter, (2) IRS determination letter, (3) A description of the role of the Non -Profit entity in the Development and how the Non -Profit entity is substantially and materially participating in the management and operation of the Development, (4) In the event the percentage distribution of Developer's fee and/or annual net profits to the Non -Profit entity is/are different from the ownership percentage, provide an explanation for such difference and how the Non -Profit entity is substantially and materially participating in the management and operation of the Development (The percentage of the Developer's fee that will go to the Non -Profit entity must be at least 25 percent), (5) Provide the description/explanation of the role of the Non -Profit entity; (6) Provide the names and addresses of the governing board of the Non - Profit entity, and (7) Provide the articles of incomoration demonstrating that one of the purposes of the Non -Profit entity is to foster low income housing. L?A1016 (Rev.) 184 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 2. Contact Person: Provide the requested information for the Contact Person. 3. Developer: a. State the name of each Developer (include all Co -Developers). b. Provide a listing of the Principals of each Developer as "Exhibit 42" to the Application form. 4. Proposed Development Information: a. State the name of the Development. b. Location of Development Site: (1) State the County where the Development is located. (2) State the Address of the Development Site. (3) Provide the requested information regarding the local jurisdiction. Number of Units: (1) State the total number of units in the proposed Development. 2) State the total number of new constriction units and the total number of rehabilitation units in the proposed Development. 3 {�} State the total number of rental assistance units (the number of units that receive and/or will receive PBRA and/or ACCU, as applicable to the Development Category selected by the Applicant at Section 4.f. of the Application form). d. State the total number of buildings in the proposed Development. Provide the following information: Applicants that indicate at question 4.e.(1) and/or (2) of the Application form that the proposed Development is located in a DDA and/or QCT must provide as "Exhibit 5 X" to the Application form a letter from the Development's bond -issuing agency certifying the date the bond application was deemed complete. A "complete application" means that no more than de minimis clarification of the application is required for the agency to make a decision about the issuance of bonds requested in the L?A1016 (Rev.) 185 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft application. Non-competitive HC Applicants must also comply with Section 42, IRC, regarding DDA/QCT qualifying date. (1) If the proposed Development is located in a HUD -designated DDA, provide the requested information, as applicable indie4e whieh DDA. (2) If the proposed Development is located in a QCT, indicate the QCT and provide a copy of a letter from the local planning office or census bureau which verifies that the proposed Development is located in the referenced QCT as "Exhibit 5 X" to the Application form. (3) If the proposed Development is located in a DDA and/or QCT, indicate whether the proposed Development is a the t phase of a "multiphase" project. As defined by HUD in the applicable DDA/QCT regulations, for purposes of Section 42(h)(4) of the Code, the DDA or QCT status of the site that applies for all phases is that which applied when the first of the following occurred: (a) the building(s) in the first phase were placed in service, or (b) the bonds were issued. If the Applicant indicates at question 4.e.(3)(a) of the Application form that the proposed Development is a �he t phase of a multiphase Development where no phase has previously been funded, the procedure and deadline for providing the required information will be included in the Preliminary Determination. If the proposed Development is located in a HUD -designated DDA and/or QCT, per question 4.e.(1) and/or (2) above, and it is an additional phase of a multi -phase Development where a phase has been previously funded, select question 4.e.(3)(b) of the Application form and provide the required information for the previously funded phase(s). If the proposed Development is not located in a HUD- desi=ated DDA and/or QCT, per question 4.e.(1) and/or (2) above, but it is an additional phase of a multi -phase Development where a phase has been previously funded, the DDA/QCT status of such previously funded phase(s) will apply for the additional phase proposed in this Application. Select question 4.e.(3)(b) of the Application form and provide the required information for the previously funded phase(s). L?A1016 (Rev.) 186 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft (4) The responses to questions 4.e.(4)(a) through (g) of the Application form must be in accordance with Section 42, IRC, as amended. f. Indicate the Development Category that best describes the proposed Development: • New Construction (where 50% or more of the units are new construction) • Rehabilitation (where less than 50% of the units are new construction) • Acquisition and Rehabilitation (acquisition plus less than 50% of the units are new construction) • Redevelopment (where 50% or more of the units are new construction) • Acquisition and Redevelopment (acquisition plus 50% or more of the units are new construction) * • Preseivation (where less than 50% of the units are new construction) • Acquisition and Preseivation (acquisition plus less than 50% of the units are new construction) * * If the Development Category of Redevelopment or Preservation (either category with or without Acquisition) is selected, in order to determine the proposed Development's eligibility for the selected Demographic Category and its Rental Assistance (RA) Level classification, the documentation outlined in f (1) or (2) below must be provided. The criteria for RA Level classifications is also outlined below. (1) If Redevelopment or Acquisition and Redevelopment is selected, in order to qualify for the selected Development Category the following criteria must be met: (a) The Development must meet the definition of Redevelopment stated in Rule 67-48.002, F.A.C; and (b) The Applicant must provide, as "Exhibit 6 4" to the Application form, a letter from HUD or RD, dated within 12 months of the date the Application is submitted, which includes the following information: i. Name of the Development; ii. Address of the Development; iii. Year built; iv. Total number of units that receive PBRA and/or ACC; V. Total number of additional units that will receive PBRA and/or ACC when the proposed Development is funded, if applicable, and v_i. The HUD or RD program currently associated with the existing development. L?A1016 (Rev.) 187 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft For purposes of this provision, the Name of the Development may be the name at the time of the PBRA and/or ACC award. If the Application does not qualify for the Development Category of Redevelopment or Acquisition and Redevelopment, the Application will fail threshold and the proposed Development will automatically be deemed to be RA Level 6. (2) If Preservation or Acquisition and Preservation is selected, in order to qualify for the selected Development Category the following criteria must be met: (a) The Development must meet the definition of Preservation stated in Rule 67-48.002, F.A.C.; and (b) The Development must also meet the definition of Rehabilitation stated in Rule 67-48.002, F.A.C.; and (c) The Applicant must provide, as "Exhibit 6 4" to the Application form, a letter from HUD or RD, dated within 12 months of the date the Application is submitted, which includes the following information: i. Name of the Development; ii. Address of the Development; iii. Year built; iv. Total number of units that receive PBRA and/or ACC; V. The HUD or RD program currently associated with the existing development; and vi. Confirmation that the Development has not received financing from HUD or RD after 1992 where the rehabilitation budget was at least $10,000 per unit. For purposes of this provision, the Name of the Development may be the name at the time of the PBRA and/or ACC award. If the Application does not qualify for the Development Category of Preservation or Acquisition and Preservation, the Application will fail threshold and the proposed Development will automatically be deemed to be RA Level 6. Redevelopment and Preservation Developments that are tentatively funded will be required to provide to the Credit Underwriter a plan for relocation of existing tenants. A proposed Development's Development Category and RA Level will L?A1016 (Rev.) 188 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft affect its eligibility to be exempted from the location restrictions outlined in Section 4.i.(2) below. The following procedures will be followed when computing the Application's RA Level classification: Each Application's RA Level classification will be based on the percentage of total units receiving PBRA and/or ACC. This percentage will be computed by dividing the total number of units that receive and/or will receive the rental assistance (`rental assistance units') as stated by the Applicant at Section 4.c.(2) of the Application form by the total number of units in the proposed Development as stated by the Applicant at Section 4.c.(1) of the Application form. The following process will be followed in the event of an inconsistency between the rental assistance units stated at Section 4.c.(2) of the Application form and the number of rental assistance units stated in the applicable letter provided by the Applicant as Exhibit 4. (total number of units that receive and/or will receive PBRA and/or ACC, as applicable to the Development Category selected by the Applicant at Section 4.f. of the Application form.): • If the rental assistance units stated at Section 4.c.(2) of the Application form is zero or if the Applicant fails to answer this question (the question is blank), the Application will be classified as RA Level 6, regardless of what is stated in the applicable letter provided by the Applicant as Exhibit 4. • If the number of rental assistance units stated at Section 4.c.(2) of the Application form is less than the number of rental assistance units stated in the applicable letter provided by the Applicant as Exhibit 4, the computation will be accomplished utilizing the lower number of rental assistance units stated at Section 4.c.(2) of the Application form. • If the number of rental assistance units stated at Section 4.c.(2) of the Application form is greater than the number of rental assistance units stated in the applicable letter provided by the Applicant as Exhibit 4, the computation will be accomplished utilizing the lower number of rental assistance units stated in the applicable letter provided by the Applicant as Exhibit 4. During credit underwriting, regardless of the number of rental assistance units used for the RA Level classification, all funded Applications will be held to the number of rental assistance units stated in the applicable letter provided by the Applicant as Exhibit 6 4 to the Application form. This L?A1016 (Rev.) 189 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft requirement will apply throughout the entire Compliance Period, subject to Congressional appropriation and continuation of the rental assistance program. Rental Assistance Level Percentage of Total Units with Rental Assistance Level 1 All units receive rental assistance (with the exception of up to 2 units) Level 2 Greater than 90.00%, and not in Level 1 Level 3 Greater than 75.00%, equal to or less than 90.00%, and not in Level 1 Level 4 Greater than 50.00%, equal to or less than 75.00%, and not in Level 1 Level 5 Greater than 10.00%, equal to or less than 50.00%, and not in Level 1 Level 6* 10.00% or less of the total units receive rental assistance *Applications Nvill be classified RA Level 6 if 10.00% or less of the total units receive rental assistance or if the Applicant fails to ineet the criteria outlined above. g. State the Development Type that best describes the proposed Development: • Garden Apartments • Townhouses • High Rise (a building comprised of 7 or more stories) • Single Family Rental • Duplexes • Quadraplexes • Mid -Rise with Elevator (a building comprised of 4 stories) • Mid -Rise with Elevator (a building comprised of 5 or 6 stories) • Single Room Occupancy (SRO) • Other — Specify in the Application h. Demographic Commitment Indicate the Demographic Commitment (Elderly, Homeless, Family, or Farmworker/Commercial Fishing Worker) Development Location (1) Development Location Point Provide the properly completed and executed Surveyor Certification of Development Location Point for MNM and Non - Competitive HC Applications form (from the 2013 2011 Universal Application) as "Exhibit 7 45" to the Application form. For purposes of this section of the Application, the Development Location Point is defined as a point located on the proposed Development site within 100 feet of the building with the most L?A1016 (Rev.) 190 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft units and must consist of the latitude and longitude coordinates determined in degrees, minutes and seconds, with the degrees and minutes stated as whole numbers and the seconds truncated after one decimal place. If the degrees and minutes are not stated as whole numbers and the seconds are not truncated after one decimal place, the latitude and longitude coordinates will not be considered and the Application will fail threshold. (2) Location Restrictions An Applicant's eligibility to receive a Preliminary Determination for 4 percent non-competitive Housing Credits will be based on the following: (a) A proposed Development will be subject to location restrictions, as outlined below if: (i) For all of the counties on the Restricted Areas Chart (in paragraph (c) below) except Broward County, the proposed Development's Development Location Point is within a 2.5 mile radius of any Florida Housing Guarantee Fund Development that has a Subordinate Mortgage Initiative (SMI) loan, regardless of the Demographic Category for the proposed Development and the applicable Guarantee Fund Development. The proposed Development will, if the Application meets threshold, be subjected to the credit underwriting and approval process outlined in Section B. l.b. below. The longitude/latitude coordinates for the Guarantee Fund Developments with an SMI loan are listed on the following Restricted Areas Chart. Determination of whether the Development Point latitude/ longitude coordinates stated on the Surveyor Certification of Development Location Point for MMRB and Non -Competitive HC Applications form, provided by the Applicant as Exhibit 5 to the Application form, fall within a 2.5 mile radius around any Florida Housing Guarantee Fund Development that has an SMI loan will be made using Street Atlas USA 2012 20 18, published by DeLorme. (ii) For Broward County, if the proposed Development's Development Location Point is L?A1016 (Rev.) 191 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft within the area of Broward County specified on the Restricted Areas Chart (in paragraph (c) below), the proposed Development will, if the Application meets threshold, be subjected to the credit underwriting and approval process outlined in Section B.l.b. below. Determination of whether the Development Point latitude/ longitude coordinates stated on the Surveyor Certification of Development Location Point for MMRB and Non -Competitive HC Applications form, provided by the Applicant as Exhibit 5 to the Application form, fall within the specified area of Broward County will be made using Street Atlas USA 2012 2018, published by DeLorme. (b) A proposed Development that would otherwise be subjected to the location restrictions outlined in (a)(i) or (ii) above will be excluded from any of these restrictions if the Applicant selected and qualified at Section 4.f. of the Application form for the Development Category of Redevelopment, Acquisition and Redevelopment, Preservation, or Acquisition and Preservation and has an RA Level classification of RA 1 or RA 2. The proposed Development will, if the Application meets threshold, be subjected to the credit underwriting process outlined in Section B.1.a. below. (c) For all other proposed Developments to which (a) and (b) above do not apply, the proposed Development will, if the Application meets threshold, be subjected to the credit underwriting process outlined in Section B. La. below. Restricted Areas Chart County Area or Latitude/Longitude Coordinates of FHFC Guarantee Fund Developments with SMI Loans BroNvard Beginning at the intersection of the Turnpike and SR870/Commercial Blvd, follow SR 870/Commercial Blvd east to SR 811/N. Dix -le HNN v/NE 14t' Court/NE Sri' Terrace. Follow SR 811/N. Dixie HNN v/NE 101 Court/NE 5t' Terrace south to SR 838/Sunrise Blvd. Follow SR 838/Sunriise Blvd west to the Turnpike. Follow the Turnpike north until it intersects Nvith SR870/Commercial Blvd. Charlotte N 26 59 29.4, W 82 145.5 (Hampton Point) - this also affects Desoto County and Sarasota Countv L?A1016 (Rev.) 192 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Collier N 26 9 59.8, W 81 41 24 (Noah's Landing) N 26 9 40.7, W 8141 37.4 (Tuscan Isles) DeSoto N 26 59 29.4, W 82 145.5 (Hampton Point) - this also affects Charlotte County and Sarasota Countv Duval N 30 23 .6,W 81 36 13 (Sundance Pointe) Flagler N 29 15 3.7, W 816 40.4 ( San Marco) - this also affects Volusia County Hendry N26 35 36.4, W 81 38 29 (Vista Palms ^ di:p U l - this also affects Lee Countv 14 1� T4 -28 !mil l l -2 V., 8-2 /\z Fid ej Indian River N 27 35 11.8, W 80 24 33.2 (Preserve at Oslo 111^^ei-H) - this also affects St. Lucie Countv Lciit@ 14 -28 1 � - \z7 81 ;10 14.8 (Sp4ng 14af1 t isc 1,-,H 04;air4ge ('••c .() of) ixh rr++cci8 c+A T��-28 A7 1 7�d781 17'106 (V r�l.ase) t4is 1�,.. 44:f,4, ccmxxxvlo�oo�4 - „d o-�r-�aii-ccricroc��rixs-c^rlocrc^rr ccmz crdsirr-c^mcr Lee N 26 35 36.4, W 81 38 29 (Vista Palms ^,;di-H ,Tao) - this also affects Hendry_ Countv N 26 35 55.6, W 8148 49.8 (Bernwood) N 26 36 31, W 81 51 3.6 (Westwood) Manatee N 27 29 14, W 82 31 47.7 (River Trace Senior) Orange N 28 29 26.9, W 8124 109 (Grande Pointe) N 28 36 21.7, W 8125 20.7 (Nassau Bav_ I and II) - this also affects Seminole Countv N28 34 9.2, W81 25 50.6 (Oak Glen) T4-288�;+P \z181 10 1,1+8 (Spr 'c'of) thzhis 1,,.. 1'1',�cc8z-cncl-,cG RIHcrcri-4- Palm Beach N 26 41 30.9,W 80 10 40.5 (Colony Park) N 26 46 32.9,W 80 6 29.6 (Indian Trace) N 26 35 11.4,W 80 5 0.6 (Marina Bav) N 26 47 58.6,W 80 5 11.1 (Venetian Isles I) N 26 48 3.3,W 80 5 6.4 (Venetian Isles II) N 26 39 29.2,W 80 7 20.7 (Windsor Park) Sarasota N 26 59 29.4, W 82 1 45.5 (Hampton Point) - this also affects DeSoto County_ and Charlotte Countv Seminole N 28 48 55.9,W 81 19 6.7 (Stratford Point) - this also affects Volusia County and Lake Countv N 28 47 1.7,W 81 17 40.6 (Windchase) - this also affects Volusia Countv a+K4 1 .,r-o GH14,;4 - N 28 45 11.3,W 81 17 18.5 (Wyndham) N 28 36 21.7, W 8125 20.7 — (Nassau Bav_ I and II) - this also affects Orange Countv St. Johns N 29 52 14.5, W 8120 32.7 (Whispering Woods) St. Lucie N 27 20 46.4, W 80 22 56.6 (Peacock Run) N 27 25 27.6 W 80 22 33.5 (Sabal Chase) N 27 35 11.8, W 80 24 33.2 (Preserve at Oslo 111^^ei-H) - this also affects Indian River Countv Volusia N 29 15 3.7, W 816 40.4 (San Marco) - this also affects Flagler Countv N 28 48 55.9,W 81 19 6.7 (Stratford Point) - this also affects Seminole Countv N 28 47 1.7,W 81 17 40.6 (Windchase) - this also affects Seminole Countv ate# T .,r-o !`..,,v,4.. I TA1016 (Rez . ) 193 6--48 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Set -Aside Commitment: (1) Indicate the minimum set -aside (20% of units at 50% AMI or less, 40% of units at 60% AMI or less, or deep rent skewing option as defined in Section 42, IRC, as amended. Note: Choosing the 20 percent at 50 percent AMI or less minimum set -aside will restrict ALL set -aside units at 50 percent or less of the AMI n* *a IRS r-egtiWi . Applicants may choose the 40 percent at 60 percent AMI or less minimum set - aside without committing to setting aside any of the units at the 60 percent AMI level. For example, an Applicant may commit to setting aside 40 percent at 50 percent AMI and this would also be considered 40 percent at 60 percent AMI or less. (2) Complete the Set -Aside Breakdown Chart by listing the percentage of residential units, stated in whole numbers, to be set aside at each selected AMI level. Where reasonably possible, Applicants will be required to keep the unit mix consistent across each committed AMI level. (3) Indicate the total affordability period (the length of time the units will be set -aside). Note: any commitment to set aside units beyond the HC minimum 30 years is an irrevocable commitment to waive the option to convert to market after year fourteen (14). k. If the work proposed in this Application is not yet complete, indicate the anticipated placed -in-service date. Funding: a. State the amount of non-competitive Housing Credits requested in this Application. b. Finance Documents: (1) If the credit underwriting for the bonds is complete and it was prepared by a Credit Underwriter under contract with the Corporation meeting the criteria required under paragraph 67- 48.027(2)(d), F.A.C., provide a complete copy of the final credit underwriting report as "Exhibit 8 6" to the Application form. (2) If the credit underwriting for the bonds has not been completed or has been completed (i) without meeting the criteria required under paragraph 67-48.027(2)(d), F.A.C., as determined by either the L?A1016 (Rev.) 194 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft Corporation or a Credit Underwriter under contract with the Corporation, or 60 by a credit underwriter not under contract with the Corporation, provide the following information: (a) Provide the completed Development Cost Pro Forma, the Detail/Explanation Sheet, if applicable, the Constriction or Rehab Analysis and the Permanent Analysis (from the 2013 2011 Universal Application) as "Exhibit 8 4" to this Application. (b) Bond Financing State the name of the assigned Credit Underwriter; and ii. Provide a copy of the inducement resolution or acknowledgement resolution awarding the Bonds as "Exhibit 9 7" to this Application form. (c) Housing Credit Equity Provide the following documentation as "Exhibit 10 8" to this Application form, as applicable: If the equity agreement has closed, provide a copy of the closed limited partnership agreement or limited liability company operating agreement; or ii. If the equity agreement has not closed, provide a copy of the equity proposal eamm4metq�, executed by both parties. (d) Other Financing Provide a copy of all other funding proposals ,.,,mm4me * that will be used as a source of financing for the proposed Development as "Exhibit 11-9" to this Application form. (e) Deferred Developer Fee For each Developer committing to defer some or all of the Developer fee, provide a completed and executed Commitment to Defer Developer Fee form (from the 2011 Universal Application) as "Exhibit 12 478" to this Application form. L?A1016 (Rev.) 195 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft 6. Applicant Certification: The Application labeled "Original Hard Copy" must be submitted with an original signature. Signatures in blue ink are preferred. B. Credit Underwriting Review and Rule Requirements Credit Underwriting Review Applications that meet threshold will be subjected to the applicable credit underwriting process outlined in a.(1), a.(2), b.(1) or b.(2) below: a. Proposed Developments Not Subject to Location Restrictions The credit underwriting process will proceed as outlined in (1) or (2) below if the proposed Development is not subjected to the location restrictions outlined in Section A.4.i.(2)(a)(i) or (ii) above. (1) If the final credit underwriting report (CUR) for the bonds was prepared by a Credit Underwriter under contract with the Corporation and was provided as outlined in Section A.5.b.(1) above, the Corporation will issue an invitation to enter credit underwriting and upon acceptance and payment of the required credit underwriting fee, the Credit Underwriter will prepare an update to the final bonds CUR to ensure compliance with the requirements of Section 42 of the IRC, as amended. The Preliminary Determination for the 4 percent HC will be issued upon completion of a satisfactory CUR update. or (2) If the credit underwriting report (CUR) for the bonds has not been completed or has been completed (i) without meeting the criteria required under paragraph 67-48.027(2)(d), F.A.C., as determined by either the Corporation or a Credit Underwriter under contract with the Corporation, or (ii) by a credit underwriter not under contract with the Corporation and the required information was provided as outlined in Section A.5.b.(2) above, the Corporation will issue an invitation to enter credit underwriting and upon acceptance and payment of the required credit underwriting fee, the Credit Underwriter will prepare a CUR in accordance with the requirements of paragraph 67-48.027(2)(d), F.A.C. The Preliminary Determination for the 4 percent HC will be issued upon completion of a satisfactory CUR. L?A1016 (Rev.) 196 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft b. Proposed Developments Subject to Location Restrictions The credit underwriting process will proceed as outlined in (1) or (2) below if the proposed Development is subject to the location restrictions outlined in Section A.4.i.(2)(a)(i) or (ii) above. (1) If the final credit underwriting report (CUR) for the bonds was prepared by a Credit Underwriter under contract with the Corporation and was provided as outlined in Section A.5.b.(1) above, the Corporation will issue an invitation to the Applicant to enter credit underwriting at its own risk and upon acceptance and payment of the required credit underwriting fee, the Credit Underwriter will prepare an update to the final bonds CUR to (i) address market and impact issues, and (ii) ensure compliance with the requirements of Section 42 of the MC, as amended. The CUR update will require final approval of the Board prior to issuance of the Preliminary Determination for the 4 percent HC. or (2) If the credit underwriting report (CUR) for the bonds has not been completed or has been completed (i) without meeting the criteria required under paragraph 67-48.027(2)(d), F.A.C., as determined by either the Corporation or a Credit Underwriter under contract with the Corporation, or (ii) by a credit underwriter not under contract with the Corporation and the required information was provided as outlined in Section A.5.b.(2) above, the Corporation will issue an invitation to the Applicant to enter credit underwriting at its own risk and upon acceptance and payment of the required credit underwriting fee, the Credit Underwriter will prepare a CUR in accordance with the requirements of paragraph 67-48.027(2)(d), F.A.C., which will include addressing market and impact issues. The CUR will require final approval of the Board prior to issuance of the Preliminary Determination for the 4 percent HC. 2. Rule Requirements All Applications for 4 percent HC will be subjected to paragraphs 67- 48.027(2)(a) through (c) and (e) through (n), F.A.C. Applications that meet the criteria outlined in Section B.l.a.(2) above or Section B.l.b.(2) above will also be subjected to paragraph 67-48.027(2)(d), F.A.C. C. Fees L?A1016 (Rev.) 197 6-a6 004(1)(i), 0--21.003(1)(i), F_A C. 8-31-12 Draft All fees listed in the Fees Section of the 2013 2011 Universal Application Instructions that pertain to Housing Credits will apply to this Application, except for the Competitive HC Preliminary Recommendation Letter fee. L?A1016 (Rev.) 198 6-a6 004(1)(i), 0--21.003(1)(i), F_A C.