I. INSTRUCTIONS - SECTION 1: INSTRUCTIONS I Instructions ... · Separate instructions exist for this section at the end of this Excel file. l) ... 2) Development Timetable a)

I Instructions

A OverviewThe Electronic California Tax Credit Allocation Committee (TCAC) Application was designed to enhanceconsistency of information, increase efficiency in the application process, and reduce the amount of paperwork required for a TCAC tax credit application. All applicants are required to submit the application, current year TCAC attachment forms, and all supporting documentation in electronic format. Only the signed applicant statement may be submitted in hardcopy format; for all other applicationmaterials, no paper documentation will be accepted. TCAC will accept a signed, notarized applicantstatement (pages 1-3 of the Application sheet) in either hardcopy format or PDF. All other applicationmaterials must be submitted in electronic format. Instructions for a complete electronic submissionare found under Instructions-Electronic Submit. We encourage you to provide suggestions basedon your experiences in preparing the application. In that way, TCAC can build upon and improvethe process of completing a tax credit application.

Mail the application materials to TCAC at: 915 Capitol Mall, Room 485, Sacramento, CA 95814.Enclose a $2,000 application filing fee in the form of a check. If the local reviewing agency hashagreed to waive it's $1,000 portion of the fee, enclose written confirmation of this from the local reviewing agency. Refer to the TCAC website for more complete filing instructions:http://www.treasurer.ca.gov/ctcac/meetings/schedule.pdfhttp://www.treasurer.ca.gov/ctcac/2017/lra/index.asp

Should you find any errors in the electronic version, contact [email protected] assistance. For general application questions, please contact the regional analyst:http://www.treasurer.ca.gov/ctcac/assignments.asphttp://www.treasurer.ca.gov/ctcac/contacts.asp

B Application General Information1) Instructions for preparing the electronic version

a) Many of the required calculations in the application are automatically performed by the spreadsheetprogram. (i) Use this spreadsheet with Microsoft Excel 97 or above.

b) Applicants must submit the application on disc or flash drive.(i) TCAC cannot accept applications submitted via e-mail.(ii) It is recommended that a back-up copy of the application be created for future use.

c) DO NOT UNPROTECT OR UNLOCK CELLS in the spreadsheet. TCAC will verify formulasand data and will scan the disks for viruses upon receipt. Any tampering may result indisqualification of the application.

2) Submission Requirementsa) Applicants must submit the following:

(i) TWO ELECTRONIC VERSIONS OF THE APPLICATION IN THE FORM OF A CD, DVD, ORUSB FLASH DRIVE TO TCAC. THE APPLICATION MUST BE SIGNED AND NOTARIZED.

(ii) ONE COPY OF THE ORIGINAL APPLICATION, ATTACHMENTS AND "TCAC LRAEVALUATION FORM" WITH INSTRUCTIONS (HARD COPY OR ELECTRONIC) TOTHE LOCAL REVIEWING AGENCY.

I. INSTRUCTIONS - SECTION 1: INSTRUCTIONS

http://www.treasurer.ca.gov/ctcac/2016/submittals.asp

http://www.treasurer.ca.gov/ctcac/2016/lra.asp

http://www.treasurer.ca.gov/ctcac/assignments.asp

http://www.treasurer.ca.gov/ctcac/contacts.asp

3) General InstructionsThe electronic version is partitioned into the following categories. Sequentially, they are:a) Instructions

(i) This section provides overall guidance for the preparation of the electronic version. EachAttachment to the application contains detailed, specific instructions for that particular attachment.

(ii) The electronic version is prepared using an Excel format. The application is divided into separateworksheets. To access a desired section of the application, simply click on the worksheet tab.

b) Application(i) The application was designed to eliminate as many of the calculations as possible using the

information provided by the applicant.(ii) All highlighted areas must be completed by the applicant. You may scroll through the highlighted

cells by clicking the Tab button on your keyboard.NOTE: Certain areas, when selected, will only allow the applicant to respond to the

choices provided in the "pull-down" menu for that item. (iii) All applicable cells must be completed by the applicant

a. For those numbered amounts that are not applicable, insert a "0" (zero).b. For any question response areas, if not applicable, select "N/A".

c) Sources and Uses BudgetIn this section, the applicant must complete the yellow cells. Permanent Lenders are automatically pulled from a previous section for up to 12 lenders. Be sure each funding sourcetotal at the bottom of the sheet corresponds to the loan totals under Permanent Lenders.

d) Basis & CreditsIn this section, the applicant must only complete any Ineligible Basis items and the applicable tax credit factors that apply to the project as evidenced by the syndication letter (please refer to the checklist for Attachment 16).

e) Points SystemThe applicant should click on each highlighted item, selecting either the automatic "pull-down" option or entering appropriate amounts.

f) Service Amenities BudgetIn this section, the applicant must complete the yellow cells. This section is completed as part of the requirements listed under Attachment 24.

g) Final Tie Breaker Self-ScoreIn this section, the applicant must calculate a final tie breaker self-score. A portion of the calculations in this sheet are pulled from other areas of the application. The applicant must complete the yellow cells. The Final Tie Breaker Self-Score sheet includes written guidance.

h) 15 Year Pro FormaThis sheet is linked to the income and expense section of the Application sheet.Complete all applicable items, making any necessary changes. The worksheet may be adjustedto meet project specifications, but the overall formatting and formulas should not be changed.

i) Checklist ItemsFollowing the checklist items in sequence with the completion of the electronic application isencouraged to help prevent omitting any required documentation.

j) Applicant NotesA blank sheet has been included for any supplemental information the applicant wishes to provide.

k) Post Award Project Cost ChangesIn this section, the applicant provides updated Sources and Uses Budget information over thecourse or the project development. Separate instructions exist for this section at the end of this Excel file.

l) State Credit Exchange Basis and CreditsTo be completed post-award if a state credit exchange is required or requested. Please contactyour regional analyst if you have questions about this section: http://www.treasurer.ca.gov/ctcac/assignments.pdf

The remaining instructions pertain to each particular section of the application. Although many of the items may appear obvious, please follow any instructions provided in this section.

II Application

Section 1 Applicant Statement, Certification and NotaryA Applicant Statement, Certification and Notary

1) Applicant NameFill in the name of the general partner or the entity which is applying for; and receivingthe requested tax credits.

2) Project NameFill in the proposed name of the project.

3) Federal Credit Amount and State Credit Amount requestedThe annual federal credit amount and the total state credit amount will auto-populate after credits have been calculated in the Basis and Credits sheet.

4) Applicant StatementAfter carefully reading the applicant statement and certification the applicant must provide an an originally signed and notarized applicant certification.

5) Local JurisdictionProvide the name and contact information of the local jurisdiction's City Manager or equivalent.

Section 2 General and Summary InformationA Application Type

Provide the requested information.

B Project InformationProvide the requested information.

C Credit Amounts RequestedThe credit type, the annual federal credit amount and the total state credit amount will all be auto-populated after credits have been calculated in the Basis and Credits sheet.

D Federal Minimum Set-Aside Election (IRC Section 42 (g)(1))Toggle the desired option: 40%/60% or 20%/50%

E Set-Aside Election (TCAC Reg. Section 10315(a)-(g))Toggle the desired set-aside election, if project is applying under one of these set-asides.

F Housing Type Selection (TCAC Reg. Sections 10315(g) & 10325(g))1) Toggle the selected housing type.2) The applicant must select at least one housing type.

a) If you selected Special Needs please list the percentage of Special Needs Units.b) If Special Needs portion is between 50% and 75%, specify other housing type construction

standards to be met.

G Geographic Area (TCAC Reg. Section 10315(h))Select the appropriate TCAC geographic area.

Section 3 Applicant InformationA Identify the applicant

Answer the four questions using the toggle to select the correct response.

B Applicant Contact InformationProvide the current information for the applicant.

C Legal status of the applicantSelect the appropriate legal type for the applicant.If the legal status is "Other," provide a detailed statement as to the organization type.

D General Partner(s) Information1) List the name of the General Partner(s) or Principal Owner(s).2) Enter the address and contact information of the General Partner(s) or Principal Owner(s).3) Identify if each is either nonprofit or for profit entities.

E General Partner(s) or Principal Owner(s) Type?This auto-populates from the previous section (D).

F Status of Ownership EntityToggle and select the appropriate ownership entity type.If not yet formed, enter the estimated formation date.

NOTE: Federal Identification Number MUST be provided at Carryover Allocation.

G Contact Person During Application Process1) Fill in the appropriate information for each section.2) Identify the participatory role of the contact person.

Section 4 Development Team InformationFill in all development team member information.

Section 5 Project InformationA Type of Credit Requested

1) Check applicable boxes.NOTE: If Rehabilitation is being proposed, please see minimum requirements in Regulation

Section 10325(f)(10).2) Select "Yes" or "No" to answer if a New Construction project is proposing demolition.

a) If "Yes", will relocation of existing tenants be involved?

B Acquisition and Rehabilitation/Rehabilitation-only ProjectsToggle to select the appropriate answers. Answer the questions regarding resyndication, if applicable.

C Purchase InformationAnswer the questions as shown.

D Project, Land, Building and Unit Information1) Project Type

a) Select the housing type(s) proposed.b) All housing types proposed must be identified.c) Identify all buildings with and/or without an elevator.

E LandIndicate parcel size and any irregularity.

F Building Information1) Indicate the total number of commercial, rental and community service buildings.2) If Commercial Space, explain the use, size, location, purpose, and reasoning behind the use3) Indicate if buildings are on a contiguous site.

a) If "No", indicate whether or not they meet the requirements of IRC Sec. 42(g)(7).4) Indicate if any of the proposed buildings consist of four or fewer units.

a) If "Yes", indicate if any of the proposed buildings of four or fewer units will be occupied by the owner (IRC 42 (i)(3)(C)).

G Project Unit Number and Square FootageFill in all highlighted lines. Totals will be auto-populated as the highlighted items are entered.

H Tenant Population DataAnswer the questions as shown.

Section 6 Required Approvals and Development Timetable1) Required Approvals Necessary to Begin Construction

a) Fill in all highlighted lines. These should be consistent with Attachment 14: Verification of Zoning and Attachment 26: Approvals Necessary to Begin Construction.

2) Development Timetablea) Complete the highlighted line for the estimated timetable for the development and completion of

the project.

III Project Financing

Section 1 Construction Financing1) Provide the lender name, the percentage rate, the amortizing term, and the loan amount.2) In corresponding order, list the required lender information.

Section 2 Permanent Financing1) Provide the lender name, the percentage rate, the amortizing term, the loan amount and the annual

debt service amount.2) In corresponding order, list the required lender information.3) Amounts must be consistent with totals shown in the Sources and Uses Budget sheet.

Section 3 Income Information1) Income categories should begin with the placed-in-service date and year.

NOTE: All listed income should be annual.2) Income information must correlate to the 15-year pro forma.

a) Utility allowances must be itemized and correlated with the appropriate utility allowanceschedule.

b) The public housing authority (PHA) or the California Energy Commission (CEC) utility allowance listed in the attachments must be the same shown on this page.

A Low Income Units1) Complete the low-income section by completing the rows by unit type and affordability levels. 2) Columns (a)-(g) should be completed in ascending order (i.e. Studio, 1 bdrm, 2 bdrm, etc.)3) Where different affordability levels exist for the same unit type, place this information in ascending

order also (i.e. 1 bdrm @30%, 1 bdrm @35% etc.).4) Columns (d), (f), (h) and the totals below will be auto-populated after highlighted cells are filled in.

B Manager Unit(s)Fill in the appropriate information by unit type in ascending order similar to the low-income units.

C Market Rate UnitsFill in the appropriate information by unit type in ascending order similar to the low-income units(if applicable).

D Rental Subsidy Income/Operating SubsidyComplete as appropriate. Amounts should be consistent and verifiable with information in the applicationand Checklist attachments.

E Miscellaneous IncomeComplete as appropriate. Amounts should be verifiable from information in the application and/orChecklist attachments.

F Monthly Resident Utility Allowance by Unit Size Complete the highlighted cells in the table. Totals will auto-populate as the highlighted cells arecompleted.NOTE: Must match the utility allowances provided by the public housing authority (PHA) or

the California Energy Commission California Utility Allowance Calculator (CUAC).

G Annual Residential Operating Expenses 1) Expense categories should begin with the placed-in-service date and year.

NOTE: All listed items should be annual.2) No depreciation or amortization expenses are included.3) Fill in the annual operating expense amounts for the following line items as appropriate:

a) Administrative Expensesb) Management Fee (must be supported by contract document)c) Utilitiesd) Payroll/Payroll Taxese) Maintenancef) Other

4) Total and total per unit will be auto-populated after highlighted cells have been completed.5) Complete all highlighted cells.

NOTE: Annual Internet Expense (point category only), Service Amenities Budget, Replacement Reserves, Real Estate Taxes, and Other Expenses must be entered here and NOT included in the "Annual Residential Operating Expenses" line items.

H Commercial IncomeComplete as appropriate. Amounts should be verifiable from information in the application andChecklist attachments.

Section 4 Loan and Grant SubsidiesA Inclusion/Exclusion From Eligible Basis

1) Indicate/identify the loan type and grant subsidies that are proposed for the project. Identify theinclusion/exclusion from eligible basis for each subsidy. Funds must be listed according to theactual source of funds. For example, if an agency is providing a loan that includes HOME andCDBG funds, the funding must be listed separately for each source and amount.

B Rental Subsidy AnticipatedIndicate/identify the operating and/or rental subsidies that are proposed for the project.

C Pre-Existing Subsidies (Acquisition and Rehabilitation/Rehabilitation-only Projects)Indicate/identify the operating and/or rental subsidies that currently exist for the project; or, if replacement public housing projects eligible for prior subsidies, evidence of the terms that were "grandfathered" into the new project.

Section 5 Threshold Basis Limit A Threshold Basis Limit

1) Indicate/identify any threshold boosts by selecting either "Yes" or "No" for (a)-(h).2) Fill in the highlighted cells with the appropriate amounts.

NOTE: All of the cells, with exception of the highlighted cells, are auto-populated afterthe "Income Information" in Section 3 is completed.

IV Sources and Uses Budget

Section 1 Sources and Uses BudgetA Sources and Uses Budget

1) Fill in each of the appropriated highlighted cells.All cells not highlighted will be auto-populated as the highlighted cells from this section and previoussections are completed.

2) Funding sources and costs should be aligned appropriately. For example, public funding sources forland purchase or construction costs should be shown as paying for these costs. Do not randomly select funding sources for line item costs if they have a dedicated source of payment.

NOTE For projects requesting points in the Cost Efficiency point category, all costs that donot have shaded cells in the basis column(s) must be carried over unless those costs are not includable in basis under federal law as demonstrated by the application form itself (locked cells). For all other exclusions from basis, the application must includea letter from a third party tax professional (TCAC Reg. Section 10325(c)(1)(A)).

V Basis and Credits

Section 1 Basis and CreditsA Determination of Eligible and Qualified Basis

1) List any non-qualified and non-recourse financing, non-qualifying portions of higher quality unitsand any historic tax credits in the highlighted cells.The total ineligible amounts will be auto-populated as the highlighted cells are completed.

2) Insert the desired amount of Eligible Basis that is being voluntarily deducted.3) All cells that are not highlighted will be auto-populated after highlighted cells have been completed

in this section and previous sections.

B Determination of Federal CreditAll cells will be auto-populated after highlighted cells have been completed in this section andprevious sections.

C Determination of Minimum Federal Credit Necessary For Feasibility1) Complete the highlighted cell for the federal tax credit factor.

NOTE: Please see the application Basis and Credits sheet for the tax credit factorminimum and maximum range.

2) The federal tax credit factor must match the required syndication letter or tax credit factor certification. ATTACHMENT 16: Terms of Syndication Agreement must include separate tax credit factors when both federal and state tax credits are being requested.

D Determination of State Credit Cells will be auto-populated after highlighted cells have been completed in this section andprevious sections (if applicable).

E Determination of Minimum State Credit Necessary for Feasibility1) Complete the highlighted cell for the state tax credit factor (when applicable).


2) The state tax credit factor must match the required syndication letter or tax credit factor certification. ATTACHMENT 16: Terms of Syndication Agreement must include a separate tax credit factor forstate tax credits when they are being requested.

VI Points System

Section 1 Points System1) Answer the questions in the cells indicated. If the question does not apply, answer with "N/A"2) Complete only the highlighted cells.3) If the project is a scattered site, please contact TCAC for application instructions.

Section 2 Point System SummaryTotal points achieved is auto-populated by the previous sections in the Points System sheet.

Section 3 Service Amenities Budget1) This sheet is required for applicants requesting service amenity points. 2) For each service point category indicated in the points section, complete columns D through J

as applicable.

VII Final Tie Breaker Self ScoreThis section must be completed. However please note, TCAC will determine each project's finaltiebreaker. If you require additional guidance beyond the instructions included in the sheet, please contact a TCAC analyst.

Do not create multiple "NA" PDF sheets or folders within folders unnecessarily for non-applicable items.

California Tax Credit Allocation Committee2017 Attachments – Electronic Submission Guide

Applicants must submit all of the application materials electronically on a USB flash drive, CD, or DVD in lieu of hard copy binders. Electronic submissions have replaced the previous “hard-copy” binders in an effort to enhance consistency of information, increase efficiency, and minimize the amount of paperwork required for a TCAC application. TCAC will not accept submissions of application documents by email or over the internet.

When compiling the CD or flash drive, order folders according to the Application Checklist. The Electronic Application MUST be an Excel file, be labeled with the project name, and specify “E-Application.” For the attachments, if the same document appears under more than one tab, please include the document in the first of the tabs. Please also include a one-page pdf document in the later tabs in place of the document itself, cross-referencing the tab under which the actual document is located. If a TAB is not applicable to the project, either remove the folder entirely or mark “- NA” in the folder name:

Please refer to the following visual as a guide:

For Attachments 4-28, only Attachment 14 and Attachment 26 must be submitted as PDF versions of original hardcopies. All other attachments may be completed and submitted in their original electronic format utilizing electronic signatures. Attachments 14 and 26 require public agency signatures and cannot utilize e-signatures.


http://www.treasurer.ca.gov/ctcac/assignments.asp http://www.treasurer.ca.gov/ctcac/contacts.asp

If you have questions, please contact your regional analyst at (916) 654-6340 or via email:

Under each folder, name each file according to the tab and the name of the document as described on the Application Checklist. All copies of documents must be legible with reasonably-sized font and, when applicable, clear signatures and dates. PDF’s should be searchable whenever possible.



TAB 1

DEMONSTRATED SITE CONTROL (Part II - Application - Section 5 - C)AND LAND VALUE (Sources and Uses Budget)Reg. Sections 10325(f)(2), 10322(h)(9), 10327(c)(6)

For applications with multiple or non-contiguous parcels, scattered sites, lot line adjustments,phased projects, or other complex land transactions, include a summary explanation of the site control and value(s).

A current title report (within 90 days of application) including a legal description

For tribal trust land, a title status report (TSR) or an attorney's opinion regardingchain of title and current title status

All applications must include evidence of the cost or value of land and improvements. Provide sales agreement, purchase contract, or escrow closing statement as applicableand required by TCAC Regulations. See Reg. Sections 10327(c)(6) and 10325(f)(2)Provide an appraisal if required by TCAC Regulation. See Reg. Sections 10325(c)(1)(C),10325(c)(10), 10327(c)(6), and 10322(h)(9)

If the site or improvement acquisition involves a related party, the applicant shall disclose therelationship in the TCAC application.

Appraisals are required for: ● all rehabilitation applications except as noted in TCAC Regulation Section 10322(h)(9)(A), ● all competitive applications except for new construction projects that are on tribal land or havea third party purchase contract with, or evidence of a purchase from, an unrelated third party,● all applications seeking competitive points or tiebreaker credit for donated or leased land,● all new construction applications involving a land sale from a related party.

New construction appraisals. If an appraisal is required, provide an “as-is” appraisal with a date of value that is within 120 days before or after the execution of a purchase contract or the transfer of ownership by all the parties, or within 1 year of the application date if the latest purchase contract was executed within that year, by an independent third party appraiser.

Rehabilitation appraisals. Except as noted in TCAC Regulation Section 10322(h)(9)(A), an “as-is” appraisal prepared within 120 days before or after the execution of a purchase contract or the transfer of ownership by all the parties, by an independent third party appraiser.

Projects with land donated by or leased from a public entity must submit an appraisal. Land value for a transaction involving an applicant related party must also be supportedby an appraisal. Please review the most current TCAC guidance on scoring requirements for land and improvements prior to application submission.

Applicants must provide evidence that the property is within control of the application. This may be evidenced by one of the following (Reg. Section 10325(f)(2)):

Projects with a lease. Provide an executed lease agreement or lease option for the lengthof time the project will be regulated under this program connecting the applicant and theowner of the subject property.

Projects with a disposition and development agreement (DDA). Provide an executed DDAconnecting the applicant and the public agency.

2017 APPLICATION CHECKLIST - 9% PROJECTS

Please do not rely solely on this checklist when completing your application. Please verifythat all requirements in the regulations have been met.

SUBMIT ONE APPLICATION WITH ATTACHMENTS TO TCAC ANDONE COPY OF THE APPLICATION AND ATTACHMENTS TO THE LOCAL REVIEWING AGENCY

Projects with a purchase agreement or option. A valid, current, enforceable contingent purchaseand sale agreement or option agreement connecting the applicant and the owner of the subject property

Evidence that all extensions and other conditions necessary to keep the agreement current through the application filing deadline have been executed

TAB 2

FINANCIAL FEASIBILITY (Part III - Application - Sections 1-4; Part IV)Reg. Section 10325(f)(5) & 10327(c)

Financing plan Reg. Section 10322(h)(16)The financing plan should include sufficient detail outlining construction and permanent financing structures. Projects with land and acquisition costs greater than the appraised value must provide an explanation of the higher cost (if not included in Tab 1). Applications with non-arm's length transactions must demonstrate that the seller is not benefiting from the higher purchase price. The Sources and Uses Budget must includea corresponding funding source for cost in excess of the appraised value and this must demonstrate that there is no effect on the tax credit basis calculation or the "gap" analysis. Projects with existing debt must also document the remaining principal balances of existing loans, and indicate whether the debt will be repaid or transferred to the new partnership. Accrued interest should be documented, and may be estimated as of the application dateor as of the expected date of the permanent financing close.

Redevelopment funding submission requirements:> RDA funding commitment date(s) and type(s) of commitment(s) (executed loan agreement, disposition and development agreement, etc.) > Department of Finance (DOF) Final and Conclusive Determination Letter (Letter), or other written communication from DOF stating that DOF does not issue or concludes a Letter is unnecessary for this obligation.Reg. Section 10322(h)(16)

Developer fee limitations: Provide a description of the limitations on developer feerequired by any other funding source. Include any necessary explanation for how theSources and Uses Budget's Total Developer Costs meet these requirements.Attach an excerpt of any funding source's written requirements (regulations, contracts, commitments, etc.) for developer fees.

High cost project documentation, if requiredReg. Section 10325(d)

Utility allowance estimates accompanied by a letter from the public housing authorityor an energy consumption model estimate calculated using the most recent versionof the CUAC developed by the California Energy Commission (CEC), with any solar valuesdetermined from the CEC's photovoltaic calculator. The applicant must indicate whichcomponents of the utility allowance schedule apply to the project.

The CUAC estimate is available to new construction projects only. CUAC documentationmust be signed by a CABEC CEA qualifying under Reg. Section 10322(h)(21). Includein Tab 2 CUAC supporting documentation. See http://www.treasurer.ca.gov/ctcac/tax.asp for details. This supporting documentation is required and may be in the form of an electronic file (CD).Reg. Section 10322(h)(21)

Applicant Resources - audited certification of available resourcesReg. Sect. 10327(c)(8)

15 Year Pro Forma: For projects with private conventional lender and equity partners using 2% gross income and 3% operating expense underwriting assumptions, provide evidence of the assumptions, if applicable.Reg. Section 10327(g)(1)

For projects with commercial income only: include in Tab 2 a 15 year pro forma ofall commercial revenue and expense projections using TCAC underwriting standards in Reg. Sections 10322(h)(23), 10325(f)(5), and 10327(g)(7).

TAB 3

SET-ASIDE DESIGNATION (Part II - Application - Section 2 - E)IRC Sec. 42(g)(1); California Health and Safety Code Sections 50199.20, 50199.21

Evidence of Non-profit set-aside application: Reg. Section 10322(h)(30)(A) through (F)

Evidence of Homeless Assistance Apportionment: Reg. Section 10315(b)

Verification of Rural set-aside application: Reg. Section 10322(h)(31)All applicants within the Rural set-aside, including those applying under the RHSand Native American apportionments, must provide evidence that the proposed project site is located in an eligible rural area.

Evidence of RHS/HOME set-aside Apportionment: Reg. Section 10322(h)(32)

State Credit Preference - HOME funds match letter: Reg. Section 10322(h)(33)

TAB 4

HOUSING TYPE - ADDITIONAL THRESHOLD REQUIREMENTS (Part II - Application - Section 2 - F)Reg. Section 10325(g)

NOTE: Projects applying as At-Risk, Special Needs, and SRO housing types will be reviewed first within the relevant set-aside (At-Risk, Special Needs/SRO).

NOTE: Rehabilitation Scattered Site Projects with more than one housing type as permittedby TCAC Reg. Section 10325(c)(4) are scored proportionally based on each site's score and the percentage of units at each site. These projects must provide an Attachment 4 for eachhousing type category. For Rehabilitation Scattered Site Projects with an equal percentage of units, the site with the largest number of bedrooms will determine the housing type goal (Reg. Section 10315(g)).

Large Family Projects Provide evidence of eligibility and include: ATTACHMENT 4(A): Applicant Large Family Eligibility CertificationReg. Sections 10325(g)(1)(A) through (I)

Senior Projects Provide evidence of eligibility and include: ATTACHMENT 4(B): Applicant Senior Eligibility CertificationReg. Sections 10325(g)(2)(A) through (J)

SRO Projects Provide evidence of eligibility and include: ATTACHMENT 4(C): Applicant SRO Eligibility CertificationReg. Sections 10325(g)(3)(A) through (L)

Special Needs Projects Provide evidence of eligibility and include: ATTACHMENT 4(D): Applicant Special Needs Eligibility CertificationIf less than 75% special needs, the non-special needs units shall meet either senior or SROhousing type requirements (including completing the Attachment), or consist of at least 20% 1-bedroom units and 10% larger than 1-bedroom units.Reg. Sections 10325(g)(4)(A) through (L)

At-Risk Projects Provide evidence of eligibility and include: ATTACHMENT 4(E): Applicant At-Risk Eligibility CertificationReg. Sections 10325(g)(5)(A) & (B)

Copy of approval letter from Executive Director granting any waivers or exemptions

TAB 5

APPLICANT/DEVELOPMENT TEAM (Part II - Application - Section 3)Reg. Section 10325(f)(6)

Sponsor CharacteristicsCurrent annual financial statement(s) for all general partners, principal owner(s), and developer(s)Reg. Section 10326(g)(5)(A)

Organizational documents of the applicant entity and all general partnersInclude an organizational chart explaining the relationships within the ownership entity,including principal names.

If a partnership includes a general partner which will pursue a property tax exemption,this general partner's organizational documents must be included. "TBD" or "to be formed"general partner nonprofit entities are not sufficient if the project's 15 year pro forma does not include property tax expenses.Reg. Section 10322(h)(3) & 10327(g)(2)

Legal status questionnaireProvide evidence of eligibility and include signed: ATTACHMENT 5: Legal Status Questionnaire

Identities of Interest/Related Parties Disclosure for applicant entity and all general partnersReg. Section 10322(h)(6)

TAB 6

DEVELOPMENT TEAM INFORMATION (Part II - Application - Section 4 - A)

Project ParticipantsA copy of the executed contracts to provide property management services(this affects experience points)Reg. Section 10325(f)(6)(B)

If additional contact information for project participants not identified in "Part II - Application - Section 4 - A" of this application is available, please provide here.Reg. Section 10322(h)(5)

TAB 7

ACQUISITION AND REHABILITATION CREDIT APPLICATIONS (INCLUDINGREHABILITATION-ONLY APPLICATIONS)

Acquisition (Part II - Application - Section 5 - B)Acquisition Credit application: Reg. Section 10322(h)(25)

Chain of title report (for tribal trust land, an attorney's opinion regarding chain of title can be substituted)Reg. Section 10322(h)(25)(A)

An applicant statement that the acquisition is exempt from, or a third party tax attorney's opinionstating that the acquisition meets the requirements of IRC Section 42(d)(2)(B)(ii) as to the 10-year placed-in-service ruleReg. Section 10322(h)(25)(B)

If 10-year rule waiver is necessary, letter from federal official stating that project qualifies under IRC Section 42(d)(6) Reg. Section 10322(h)(25)(C)

TAB 8

Rehabilitation (Part II - Application - Section 5 - B)Reg. Section 10322(h)(26)

Appraisal Reg. Sections 10322(h)(9) and (26)(A)See also TCAC guidance memo:http://www.treasurer.ca.gov/ctcac/2013/guidance.pdf

Purchase contract (if not included in Tab 1)Reg. Section 10322(h)(9)(A)(vi)

Capital Needs Assessment (CNA) or Qualified CNA if resyndication The CNA must also include a pre-rehabilitation 15-year reserve study.If requires a Qualified CNA, the Qualified CNA must also clearly sets forth (1) the capital needs of the project for the next 3 years (Short Term Work) and the projected costs thereof, and (b) the capital needs of the project for the subsequent 12 years (Long Term Work) and the projected contributions to reserves that will be needed to accomplish that work. Reg. Sections 10322(h)(26)(B), 10302(ff), & 10326(g)(7)

For rehabilitation projects proposing to exclude items listed in Reg. Section 10325(f)(7)from the scope of the rehabilitation, a waiver is required. Waivers to Section 10325(f)(7)(A)-(I) must be supported by the Capital Needs Assessment. The Executive Director may approve a waiver to Section 10325(f)(7) (J) for a new construction or rehabilitation project, provided that tenants will have equivalent access to management services. The Executive Director mayapprove a waiver to paragraph (K) for a rehabilitation project, provided that the applicant and architect demonstrate that full compliance would be impractical or an undue financial burden.Approval must be in advance of application deadline.Include the documentation either in Tab 8 or Tab 10, but not both.

A detailed breakdown of the proposed rehabilitation work to be undertaken including:the approximate percentage of units and/or percentage of the component/feature to berehabilitated or replaced, and the approximate cost of each corresponding to thestructures line of the development budget of the applicationProvide evidence of eligibility and include: ATTACHMENT 8: Rehabilitation Summary

RESYNDICATION PROJECTSReg. Sections 10326(g)(8), 10327(g)(8)Reg. Sections 10320(b) and 10302(ff)Reg. Section 10322(k)

A copy of the recorded TCAC regulatory agreement

If the existing regulatory agreement for the resyndication project contains a requirement to provide service amenities, even if that requirement has expired, the project shall provide a similar or greater level of services for a period of at lease 15 years under the new regulatory agreement. A project obtaining maximum TCAC points for services shall be deemed to have met this requirement. If the project has exhibited cash flow of less than $20,000 for at least each of the last 3 years, has no hard debt and failed to break even in year-15 with services, orwithin the next 5 years will lose a rental or operating subsidy that was factored into the project'sinitial feasibility, the Executive Director may alter this requirement, provided that the serviceexpenditures shall be the maximum that project feasibility allows.

If this is a resyndication project with hold harmless rent provisions and the applicant isrequesting to be underwritten at the hold harmless rents, provide documentation of thehold harmless rent limits (the project placed in service dates and the rent limits).Hold harmless rents cannot exceed the elected federal set-aside current tax credit rent limits.

For a 40%/60% federal set-aside election, the applicant may use the hold harmless rent limits only for units targeted and restricted in the new regulatory agreement below 60% AMI.For the 15 Year Pro Forma, the annual 2.5% underwriting increase to income will be delayed (see the rent adjuster delay calculation below).For a 20%/50% federal set-aside election, the applicant may use the hold harmless rent limits only for units targeted and restricted in the new regulatory agreement below 50% AMI.For the 15 Year Pro Forma, the annual 2.5% underwriting increase to income will be delayed (see the rent adjuster delay calculation below).

Rent adjuster delay period: the period of years the annual 2.5% underwriting increase toproject income is delayed in the 15 Year Pro Forma.

Temporary rent adjuster: the percentage used in place of the annual 2.5% underwriting increase to project income in the 15 Year Pro Forma.

Calculation:1. Determine the rent adjuster delay period: calculate the percentage difference between the

hold harmless area median income limit and the current area median income limit. Divide the result by 2.5% and round to the nearest whole number (year).

2. Calculate the percentage low income units targeted at 60% AMI (or 50% AMI, as applicableto a 20%/50% federal set-aside election).

3. Multiply the percentage from #2 above by 2.5%. This is the temporary rent adjuster, the grossrent multiplier to input in the application's 15 Year Pro Forma for the number of years calculatedin #1. After that period, the standard 2.5% applies for the remainder of the 15 year period.

The unit rents in this application maintain the rent and income targeting levels of theexisting regulatory agreement, unless approved by the Executive Director.

Applicants must use all funds in the project's replacement reserve accounts for rehabilitatingthe property to the benefit of its residents (an applicant may use existing reserves to reasonably meet minimum reserve account requirements). Provide information on the amount of the existing replacement reserves and the planned uses for these, including futurereserve requirements (this may be provided in Tab 2).

1. Is the resyndication project currently subject to a Capital Needs Agreement (Agreement) related to a Transfer Event?

If yes, then the application's capital needs assessment (CNA) must clearly identify which Short Term Work items, if any, from the CNA conducted at the time of the previous TransferEvent remain uncompleted, and the estimated cost of completing these improvements.

The applicant must provide the CNA preparer a copy of the original Qualified CNA to facilitate this requirement. The application's scope of work must address all uncompleted ShortTerm Work required by the Agreement.

Additionally, for a Subsequent Transfer Event concurrent with this application, the project permanent financing shall include a seller carryback note or contribution or general partnerequity contribution equal to the amount calculated as follows:

a. Subtract the acquisition cost at the time of the Initial Transfer Event from the new valuation(the “Increased Value”);

b. Subtract the aggregate annual replacement reserve contributions required under the standard TCAC replacement reserve requirements from the aggregate annual replacement reserve contributions required by the Capital Needs Agreement. This difference is then divided by the cap rate used in the appraisal associated with the resyndication (the “Reserve Requirement Value Differential”):

(aggregate annual replacement reserve contributions required by the Capital Needs Agreement - aggregate annual replacement reserve contributions required by TCAC)

Cap rate

c. The amount of the carryback/equity contribution shall be the amount of the ReserveRequirement Value Differential but not in excess of the Increased Value. In the event that assumed third-party secured debt on the property equals or exceeds the property’s value from the appraisal associated with the resyndication, no seller carryback or equity contribution is required.

2. All resyndication projects shall complete the ownership transfer questionnaire athttp://www.treasurer.ca.gov/ctcac/compliance/covenant/questionnaire.pdf and include the questionnaire and any documents requested in the questions in Tab 8. The Required Documents beginning on page 3 of the questionnaire, unless requested elsewhere in this application, do not need to be submitted.

2.a If the answer to Questions #2 of the questionnaire is yes but the project is exempt under Question #3 or eligible for a full waiver under Question #4, the application shall include the documentation associated with the appropriate exemption or waiver.

2.b If the answer to Questions #2 of the questionnaire is yes and the project is not exempt under Question #3 or eligible for a full waiver under Question #4, then the applicant’s CNAshall comply with the definition of a Qualified Capital Needs Assessment under Section 10302 of the regulations.

http://www.treasurer.ca.gov/ctcac/compliance/covenant/questionnaire.pdf

3. If the project has uncompleted Short Term Work required by a current Capital Needs Agreementunder item 1. above and/or falls under item 2.b above, the following shall apply:

A. The applicant shall submit a Qualified Capital Needs Assessment (Qualified CNA). In case in which a third-party lender is providing financing, the Qualified CNA shall be commissionedby said third-party lender.

B. The rehabilitation scope of work shall include all of the Short Term Work (3 years). The applicant may receive eligible basis for the costs of the Short Term Work only if the applicantcan demonstrate that the Short Term Work was funded by one of the following:

(i) a credit from the seller equal to the costs of Short Term Work as shown in the purchaseagreement,

(ii) a reduction in the purchase price of the project as compared to the purchase price of the project had the project not been subject to the Transfer Event requirement, as shownby an appraisal that calculates the impact of the Short Term Work requirement on value,

(iii) general partner equity, and/or project [a deferral does not qualify]).

(iv) developer fee contributed to the project (a deferred developer fee does not qualify).

In the event that a project has uncompleted Short Term Work under a Agreement and theresyndication transfer qualifies as a new Transfer Event, the Short Term Work Amount shall include both the projected costs of completing Short Term Work under the Agreement and the projected costs of Short Term Work identified in the new CNA.

An applicant may request a waiver or modification of the requirements under Section 10320(b)(4) if the owner can demonstrate that the Transfer Event will not produce, prior to any distributions of New Project Equity to parties related to the sponsor, developer, limited partner(s) or generalpartner(s), sufficient Net Project Equity to fund all of any portion of the work contemplated by the Qualified CNA.

Documentation of any waivers of the requirements of Section 10320(b).

TAB 9

Current Tenant Information (Part II - Application - Section 5 - B)Reg. Sections 10322(h)(27), 10322(h)(28), and 1022(h)(29)

Provide income, rent and family size information for the current tenant population.Provide information about current tenant rent subsidies.Reg. Section 10322(h)(27)

Explanation of the relocation requirements (Include explanations of rent increases,Include explanations of rent increases, phasing of rent increase, expected tenant displacement, changes to rent subsidies, etc.). Include an explanation of any potential tenant economic displacements due to rent increases exceeding 5%.Reg. Section 10322(h)(28)

Detailed relocation plan along with a budget and identification of the funding sourceInclude an explanation of any potential tenant economic displacements due to rentincreases exceeding 5%.Reg. Section 10322(h)(28)

Evidence that the relocation plan has been submitted to the appropriate local agency,if applicableReg. Section 10322(h)(28)

Evidence that the relocation plan is consistent with the Uniform Relocation Assistance and Real Property Acquisition Policy Act, if applicableReg. Section 10322(h)(28)

Owner-occupied housing application Reg. Section 10322(h)(29)

TAB 10

Minimum Construction Standards (Part II - Application - Section 5 - D)The applicant statement includes a certification and guarantee that the minimum construction standards will be incorporated into the project. Review allconstruction requirements and the compliance and verification requirementslisted in Attachment 10 and in Reg. Section 10325(f)(7)

Rehabilitation projects: Sustainable Building Method and Energy Efficiency Requirements Workbook and accompanying documentation, to be completed by a qualified energy analyst.

Rehabilitation project applicants may include the existing conditions of systems that were replaced pursuant to a public or regulated utility program or other governmental program that established existing conditions using a HERS Rater. For rehabilitation projects with these energy efficiency improvements completed within five years prior to the TCAC applicationdeadline, include in the Workbook a description of the systems that were replaced. Clearlyidentify in the Workbook's Summary of Proposed Measures: (1) the conditions that existedprior to the program, (2) any currently existing conditions that will be improved as part of theproposed rehabilitation. (3) Include in the application the public, governmental or regulatedutility program completion documentation.

For rehabilitation projects completing LEED, Passive Housing Institute US, Passive House, Living Building Challenge, National Green Building Standard ICC / ASRAE - 700 silver or higher certification, or GreenPoint Rated program requirements, a Sustainable Building Method andEnergy Efficiency Requirements is not required unless receiving points from CDLAC pursuant to Section 5230(k)(7) or (8).

If a waiver has been granted under 10325(f)(7), provide TCAC waiver approval and thesupporting documentation included in the original waiver request.Approval must be in advance of application deadline.

TAB 11

Project size limitations Reg. Section 10325(f)(9)

Request for a waiver of the total number of low-income units limitation for Rural set-aside projects

Request for a waiver of the total number of low-income units limitation for HOPE VI or large neighborhood redevelopment proposals pursuant to a specific neighborhood plan

TAB 12

Site and Project Information (Part II - Application - Section 5 - D through G)A narrative description of the current use of the subject propertyReg. Section 10322(h)(8)(A)

A narrative description of all adjacent property land uses, surrounding neighborhood identification and proximity of services, including transportation.Reg. Sect.10322(h)(8)(B)

Labeled color photographs or color copies of photos of the subject property and all adjacent properties Reg. Section 10322(h)(8)(C))

A layout of the subject property, including the location and dimensions of existing buildings, utilities, and other pertinent features Reg. Section 10322(h)(8)(D)

A site or parcel map indicating the location of the subject property and showing exactly where the buildings comprising the Tax Credit Project will be situated. If subdivision is anticipated, the boundaries of the parcel for the proposed project must be clearly marked. Reg. Section 10322(h)(8)(E)

If a scattered site, provide a brief description of how the application meets the definition ofScattered Site Project. Reg. Section 10302(mm)

A description of any plans for employing desk or security staff in lieu of on-site manager units in compliance with TCAC Reg. Section 10325(f)(7)(J)

A description of any unique features of the site, noting those that may increase project costs or require environmental mitigation Reg. Section 10322(h)(8)(F)

Construction and design description Reg. Section 10322(h)(11)Provide evidence of eligibility and include: ATTACHMENT 12: Construction and Design DescriptionInclude an explanation of any required demolition and off-site improvements, as well as a detailed cost breakdown of these expenses. Off-site improvementcosts must be separated out into the following two categories: (1) project-specific costs qualifying under Reg. Section 10325(c)(1)(C) and (2) all other off-site costs. For off-site costs permitted under Reg. Section 10325(c)(1)(C) as well as for other off-site costs included in the project budget, include sufficient detail in the cost breakdown. Include a description of each off-site type and the corresponding cost.Each cost should also be identified as included or excluded from eligiblebasis. The grand total of the costs and basis must be consistent with the total shown in the Sources and Uses Budget.

Architectural drawings Reg. Section 10322(h)(12)Preliminary drawings of the proposed project, including a site plan that identifies all areas or features proposed as project amenities (laundry, recreational, common space facilities, etc.), building elevations, and unit floor plans Include square footages.

Certification from the architect that the development will comply with building codes, thephysical building requirements of all applicable fair housing laws, and the TCAC minimumconstruction standards. A rehabilitation project without an architect may utilize the CNAentity. Reg. Section 10322(h)(12)

Architect's certification of High-Rise project, if applicable Reg. Section 10302(v) and 10322(h)(12)

TAB 13

Market AnalysisReg. Section 10322(h)(10) and 10325(f)(1)

Evidence of public housing waiting lists from the local housing authority

A Market Study in compliance with TCAC market study guidelines ORAn acquisition/rehabilitation market study statement

The market study has been reviewed by the applicant and meets TCAC market studyguidelines.

Market analyst’s resume

All market studies, including the streamlined written statement, shall calculate the project's lifetime rent benefit as follow: 1) find the aggregate difference between current monthly market rents and the project's proposed target rents; 2) multiply the difference by 12 to arrive at an annual rentdifference; and 3) multiply the annual rent difference by 55 years.

TAB 14

REQUIRED APPROVALS (Part II - Application - Section 6)Reg. Section 10325(f)(4)Evidence of local approvals and zoningProvide evidence of eligibility per regulation guidelines and include signed: ATTACHMENT 14: Verification of Zoning

TAB 15

ENFORCEABLE FINANCING COMMITMENTS Reg. Section 10325(f)(3) & 10325(f)(8)

Financing Information (Part III - Project Financing - Section 1&2 - A)Evidence of commitments Reg. Section 10325(f)(3)

For third party commitments defraying non-residential costs for tie breaker purposesunder Reg. Section 10325(c)(10)(A), provide evidence of commitment(s).

Deferred-payment financing, grants and subsidiesReg. Section 10325(f)(8)See Tab 20 for public funding documentation requirements.


TAB 16

Syndication(Part III - Project Financing - Section 2 - A)Terms of syndication agreement. Use TCAC sample letter.Reg. Sect. 10322(h)(19)Provide evidence of eligibility and include signed: ATTACHMENT 16: Terms of Syndication AgreementIf requesting federal and state tax credits, please include separate tax credit factors/credit pricing for federal and state credits in the agreement.

Third party tax credit factor certification, if credits are not to be syndicated Reg. Sec.10322(h)(20)

Self-syndication projects: federal tax credit factor is at least $1.00,state tax credit factor is at least $0.65Reg. Section 10327(c)(9)

Use of tax benefits, if credits are not to be syndicatedReg. Sec.10322(h)(18)

TAB 17

Evidence of Subsidies (Part III - Project Financing - Section 4)Evidence and Description of SubsidiesReg. Section 10322(h)(22)All requirements listed in Section 10322(h)(22) must be submitted, and Tab 17 must includethe contract rent by bedroom size used in Final Tiebreaker Tranche B loan calculations. For the anticipated subsidy income above the tax credit targeted (AMI) tenant rental income,include the mathematical derivation of the subsidy shown in the Application, Part III - Project Financing - Section 3(D). Rental Subsidy Income/Operating Subsidyand the Subsidy Contract Calculation spreadsheet.This contract rent must be included in documentation from the subsidy provider.

OPTIONAL DOCUMENTATION: SUBSIDY LAYERING REVIEWFor projects that require a subsidy layering review (SLR), applicants may elect to provide the required supplemental SLR documentation as part of this application.

OR applicants may continue to provide the subsidy layering review documentation subsequent to the reservation of tax credits.

Please refer to the TCAC memos providing instructions and a list of requireddocuments: http://www.treasurer.ca.gov/ctcac/2015/application.asp

TAB 18

Threshold Basis Limit Increases and Certifications(Part III - Project Financing - Section 5 - A)Reg. Section 10327(c)(5)(A) through (D)

Evidence from the assessing entity of impact fees to be chargedReg. Section 10327(c)(5)(A)Provide evidence of eligibility and include signed: ATTACHMENT 18(A): Local Development Impact Fees or other evidence from the assessing entity, such as current fee schedules.

If the assessing entity does not complete "Local Development Impact Fees" TCAC form, see above, then the applicant MUST provide a completed copy of this form to go withthe "other evidence from the assessing entity".

Architect's certification of threshold basis limit increases/exceptionsProvide evidence of eligibility and include signed: ATTACHMENT 18(B): Architect Threshold Basis Limit Certification

If claiming 20% threshold basis limit increase for payment of state or federal prevailing wages,provide an applicant certification and supporting documentation of (1) the legal requirement for a development paid out of public funds or (2) financing by a labor-affiliated organization. Includedocumentation of the labor-affiliated organization's prevailing wage requirement.Please review Reg. Section 10327(c)(5)(A) for the complete application requirements.

If claiming an additional 5% threshold basis limit increase for projects: (1) subject to a project labor agreement, or(2) that will use a skilled and trained workforce as described in Reg. Section 10327(c)(5)(A), include an applicant certification as follows: For (1) include an applicant certification that they are subject to a project labor agreement withinthe meaning of Section 2500(b)(1) of the Public Contract Code that requires the employment ofconstruction workers who are paid at least state or federal prevailing wages AND a copy of the project labor agreement.For (2) include an applicant certification that that they will use a skilled and trained workforce, as defined in Section 25536.7 of the Health and Safety Code, to perform all onsite work within an apprenticeable occupation in the building and construction trades.

If subject to state prevailing wage law AND claiming the prevailing wage basis limit increase, certify that contractors and subcontractors will comply with Section 1725.5 of the Labor Code.

If claiming threshold basis limit increase based on new construction project buildings being15% better than applicable Energy Efficiency Standards, provide a Sustainable BuildingMethod Workbook.

If claiming threshold basis limit increase based on rehabilitation project buildings having an80% decrease in estimated annual energy use (or improvement in energy efficiency) in the HERS II post rehabilitation, provide a Sustainable Building Method Workbook.

If claiming threshold basis limit increase/exception for required seismic upgrading and/or toxic or other environmental mitigation work, provide a cost breakdown/estimatefrom the architect or engineer corresponding to the threshold basis limit increaseshown in the application based on the lesser of the associated costs or 15%.Reg. Section 10327(c)(5)(D)

If claiming threshold basis limit increase based on "high opportunity area": Provide evidence that the project is located within a city with a population of at least 50,000or that when combined with abutting cities, has a population of at least 50,000;Provide evidence that the project is located within a county that has a 9% threshold basislimit for 2-bedroom units equal to or less than $300,000; Provide a copy of the UC Davis Reginal Opportunity Index for Places showing that the project area is deemed to have the highest opportunity. http://interact.regionalchange.ucdavis.edu/roi/webmap/webmap.html

http://interact.regionalchange.ucdavis.edu/roi/webmap/webmap.html

TAB 19

ELIGIBLE BASIS CERTIFICATION (Part V - Basis and Credits - Section 1 - A)Reg. Sections 10322(h)(17) through (20)

Eligible basis certification including an acknowledgement from the third party tax professional that he/she is aware of the Internal Revenue Service Technical Advice Memorandums numbered 200043015, 00043016, 200043017, 200044004, and 200044005,and that the tax professional believes the project meets the requirements of Section 42 taking into consideration those rulings. (Note: Regulation Section 10327(c)(3),syndication costs cannot be included in eligible basis.)

Documentation from project's third party tax professional supporting costs not includedin eligible basis. This includes any charges that may be paid by tenants in addition to rentand basis excluded as a result of rent charged for the manager unit(s).Reg. Section 10325(c)(1)(A) and 10325(d)

A description of any charges that may be paid by tenants in addition to rent (such asgarage or storage space), with an explanation of how such charges affect the costand basis line items in the Sources and Uses Budget.

If the project involves rehabilitation of existing buildings, the tax professional mustdetermine that project meets the minimum requirement outlined in Reg. Section 10325(f)(10).

TAB 20

Cost Efficiency (Part VI - Points System - Section 1 - A(1))Reg. Section 10325(c)(1)(A)Documentation from project's third party tax professional supporting costs not includedin eligible basis

Public Funds (Part VI - Points System - Section 1 - A(3))Reg. Section 10325(c)(1)(C)See also TCAC guidance memo:http://www.treasurer.ca.gov/ctcac/2013/guidance.pdf

Evidence of committed soft or residual receipts loans: federal, state, or local government funds, and all other public funding listed in Section 10325(c)(1)(C).Type of loan, term and interest rate must be included in evidence.

Evidence of land donated by or leased from a public entity, or donated as part of an inclusionary ordinance or other development agreement negotiated connecting a public entity and private developer (see Tab 1 appraisal requirements)

Evidence of waivers resulting in quantifiable cost savings not required by federal or state law

Waived fee documentation, including either nexus study and relevant state government code provisions or documentation supporting off-sites developed as a condition of local approvalOff-sites must be consistent with Reg. Section 10325(c)(1)(C).

Evidence from the applicable public entity of outstanding principal balances of prior existing public or subsidized debt to be assumed.

Evidence of private Tranche B subsidy-based loans. The commitment letter(s) must indicate separate Tranche A and Tranche B loan amounts and terms.

Evidence of funding eligible under Section 10325(c)(10) but not under Section 10325(c)(1)(C)

For projects located in San Francisco or the City of Los Angeles: formal letter of supportas described in Reg. Section 10325(c)(10)

Final Tie Breaker donation from an unrelated non-public entity: Provide with the application (1) a certification from an independent Certified Public Accountant (CPA), or independent tax attorney that the donation(s) is from an unrelated non-publicentity(ies), that the donor(s) shall not receive any benefit from a related party to the project,and that the funds are available and not committed to any other project or use; and (2) a narrative from the applicant regarding the nature and source of the donation and the conditions under which it was given.

TAB 21

GENERAL PARTNER/ MANAGEMENT COMPANY EXPERIENCEReg. Section 10325(c)(2)

General Partner Experience (Part VI - Points System - Section 1 - B(1))Provide General Partner experience documentation Provide evidence of eligibility and include signed: ATTACHMENT 21: General Partner (G.P.) ExperienceReg. Section 10325(c)(2)

Third party CPA certification of qualifying projects (positive operating cash flow, fundedreserves). Certification must reference the general partner claiming experience and bedated within 60 days of the application deadline.

General partners requesting experience points that include fewer than 2 active California low income housing tax credit projects in service more than 3 years:

TCAC regulations require a qualifying management company currently operating at least2 tax credit projects in California managed and in service more than 3 years, and earning a minimum of 2 points under management company experience. ONLY IF THIS COMPANY IS DIFFERENT FROM THE PROJECT'S PRIMARY PROPERTY MANAGEMENT COMPANY: provide this information as the "2nd Property Management Company" in the Development Team section of the Application spreadsheet.

ONLY IF THIS COMPANY IS DIFFERENT FROM THE PROJECT'S PRIMARY PROPERTY MANAGEMENT COMPANY provide signed: ATTACHMENT 22: Management Company Experience

ONLY IF THIS COMPANY IS DIFFERENT FROM THE PROJECT'S PRIMARY PROPERTYMANAGEMENT COMPANY: provide written documentation that the 2nd property management company has agreed to negotiate a contract with the applicant to fulfill this regulatory requirement.

TAB 22

Management Company Experience (Part VI - Points System - Section 1 - B(2))Provide Management Company experience documentation. Provide evidence of eligibility and include signed: ATTACHMENT 22: Management Company ExperienceReg. Section 10325(c)(2)(B)

Evidence of certification from a housing tax credit compliance entity

Management companies requesting experience points that manage less than 2 active California lowincome housing tax credit projects in service more than 3years:




TAB 23

SITE AMENITIES(Part VI - Points System - Section 1 - D(1)) Reg. Section 10325(c)(5)(A)

Native American apportionmentSite amenity points are not applicable to projects that apply and are awarded under the Native American apportionment. However, for those applicants unsuccessful in the apportionment and considered under the Rural set-aside, site amenity scoring will be applicable, as will the following documentation requirements.

Transit site amenities: provide a schedule of the relevant route(s). Please clearly note the relevant stops and times demonstrating the required frequency.For transit points requiring regular service during commute times, if the transit stop nearest the project is not included in the schedule(s), highlight the two stops appearing on the schedule(s) which the transit stop falls between. Provide sufficientinformation identifying the stop nearest the project (map, photo, etc.) and whereit is located in reference to the stops appearing on the schedule.

Public school amenities: If possible, provide a letter from the school confirmingthe project is within the school's specific attendance boundary and the school hasspace available for the project's students. Evidence from a web-based school locator is also acceptable.

This point category does not include schools for which the project is not in the immediate attendance boundary but use a district-wide boundary, open enrollment, inter- or intra-district transfer, etc.

For grocery stores and medical clinics, provide amenity details in the form ofbrochures or webpages, if available. Include documentation confirming medical clinic minimum staffing and accepted payment requirements. Large multipurpose stores containing grocery sections may qualify if the application contains interior measurements of the grocery section verified by a third party. Supporting documentation must confirm that the multipurpose store meets all grocery requirements of the applicable point category.

For facilities offering daily services designated for seniors OR for facilities operating to service a special needs or SRO development,provide amenity details documenting how the services are appropriate to the development.

NOTE: A single map may be submitted for all site amenities providedthat all distances and amenities are clearly and legibly shown.

Labeled color photographs, name, address, telephone number, contact person and website (if applicable) for each requested amenity

TRANSIT Reg. Section 10325(c)(5)(A)(1)A scaled for distance map evidencing the site is within 1/3 mile of a bus rapid transit station,light rail station, commuter rail station, ferry terminal, bus station, or public bus stop andevidence that service is provided at least every 30 minutes during the hours of 7-9 a.m. and4-6 p.m. Monday-Friday (or at least two departures during each peak period for a commuterrail station or ferry terminal), and that the project density exceeds 25 units per acre

A scaled for distance map evidencing the site is within 1/3 mile of a bus rapid transit station,light rail station, commuter rail station, ferry terminal, bus station, or public bus stop andevidence that service is provided at least every 30 minutes during the hours of 7-9 a.m. and4-6 p.m. Monday-Friday (or at least two departures during each peak period for a commuterrail station or ferry terminal).


A scaled for distance map evidencing the site is within 1/3 mile of a bus rapid transit station,light rail station, commuter rail station, ferry terminal, bus station, or public bus stop.


Documentation that includes a budget and operating schedule of van or dial-a-ride service for rural set-aside projects

Certification by the project applicant committing to provide residents free or discountedtransit passes for at least 15 years.

Evidence of TCAC Executive Director's prior approval of private transit system

Evidence of TCAC Executive Director's prior approval of bus line aggregation

PARK/RECREATIONAL FACILITY Reg. Section 10325(c)(5)(A)(2)A scaled for distance map evidencing the site is within 1/2 mile (1 mile for Rural set-aside projects) of a public park or community center accessible to the general public or evidence of a bona fide formal joint use agreement between the jurisdiction responsible for the park/ recreation facilities and the school district or private school providing availability to the general public

A scaled for distance map evidencing the site is within 3/4 mile (1.5 miles for Rural set-aside projects) of a public park or community center accessible to the general public or evidence of a bona fide formal joint use agreement between a jurisdictionresponsible for the park/ recreation facilities and the school district or private school providing availability to the general public

PUBLIC LIBRARY Reg. Section 10325(c)(5)(A)(3)A scaled for distance map evidencing the site is within 1/2 mile (1 mile for Rural set-aside projects) of a public library that also allows for inter-branch lending when in a multi-branch system. Book Mobiles do not qualify for points under this site amenity category.

A scaled for distance map evidencing the site is within 1 mile (2 miles for Rural set-aside projects) of a public library that also allows for inter-branch lending when in a multi-branch system. Book Mobiles do not qualify for points under this site amenity category.

GROCERY Reg. Section 10325(c)(5)(A)(4)

A scaled for distance map evidencing the site is within 1 mile of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (2 miles for Rural set-aside projects)

A scaled for distance map evidencing the site is within 1.5 mile of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (3 mile for Rural set-aside projects)

A scaled for distance map evidencing the site is within 1/4 mile of a neighborhood market of 5,000 gross interior square feet or more where staples, fresh meat, and fresh produce are sold (1/2 mile for Rural set-aside projects). (Reg. Section 10325(c)(5)(A)(4))

A scaled for distance map evidencing the site is within 1/2 mile of a neighborhood market of 5,000 gross interior square feet or more where staples, fresh meat, and fresh produce are sold (1 mile for Rural set-aside projects). (Reg. Section 10325(c)(5)(A)(4))

PUBLIC SCHOOL Reg. Section 10325(c)(5)(A)(5)A scaled for distance map evidencing the qualifying development site is within 1/4 mile of a public elementary school; 1/2 mile of a public middle school; or 1 mile of apublic high school (an additional 1/2 mile for each public school type for Rural set-aside projects) and the site is within the attendance area of that school

A scaled for distance map evidencing the qualifying development site is within 3/4 mile of a public elementary school; 1 mile of a public middle school; or 1.5 miles of apublic high school (an additional 1/2 mile for each public school type for Rural set-aside projects) and the site is within the attendance area of that school

If a public school is under construction at application, please include evidence of this,as well as evidence from a third party, such as the school district, that the school will becompleted and available to the residents prior to the project's completion.

If the project is not applying as a large family housing type, at least 25% of the residentialunits must be three-bedroom or larger. TCAC staff will verify this through documentationin the Application spreadsheet and Tab 12.

Documentation providing verification of supermarket/neighborhood market square footage. This can be in the form of: (a) a certification from an appropriately licensed third party such as the project's architect or general contractor which includes the market's approximate gross interior square footage and the method used to determining this; or (b) a written document on letterhead from a store manager, referencing the market name and address, indicating the market's approximate gross interior square footage. Alternately, the applicant may provide square footage evidence available through public agencies, such as County Assessor's Office documentation or comparable. Documentation for a multipurpose store with a grocery section must support a grocery section size equivalent to the point category square footage. A certification of square footage based on an aerial photo of a building will not be accepted for any of the above.

A scaled for distance map evidencing the site is within 1 mile of a weekly farmers' market certified by the California Federation of Certified Farmers' Markets, and operating at least 5 months in a calendar year. (Reg. Section 10325(c)(5)(A)(4))

A scaled for distance map evidencing the site is within 1/2 mile of a weekly farmers' market certified by the California Federation of Certified Farmers' Markets, and operating at least 5 months in a calendar year. (Reg. Section 10325(c)(5)(A)(4))

A scaled for distance map evidencing the site is within 1/2 mile of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (1 mile for Rural set-aside projects)

SENIOR CENTER Reg. Section 10325(c)(5)(A)(6)A scaled for distance map evidencing this senior development site is within 1/2 mile (1 mile for Rural set-aside projects) of a daily operated senior center or a facility offering daily services to seniors (not on the project site)

A scaled for distance map evidencing this senior development site is within 3/4 mile (1.5 miles for Rural set-aside projects) of a daily operated senior center or a facility offering daily services to seniors (not on the project site)

FACILITY SERVING TENANT POPULATION OF SRO OR SPECIAL NEEDS PROJECTReg. Section 10325(c)(5)(A)(7)A scaled for distance map evidencing this special needs or SRO development site is within 1/2 mile of a facility that operates to serve the population living in the development

A scaled for distance map evidencing this special needs or SRO development site is within 1 mile of a facility that operates to serve the population living in the development.

MEDICAL CLINIC Reg. Section 10325(c)(5)(A)(8)A scaled for distance map evidencing the project site is within 1/2 mile (1 mile for Rural set-aside projects) of a medical clinic with a physician, physician's assistant, or nursepractitioner onsite for a minimum of 40 hours each week, or hospital (not merely a private doctor’s office). A qualifying medical clinic must accept Medi-Cal payments, or Medicarepayments for Senior Projects, or Health Care for the Homeless for projects housing homeless populations, or have an equally comprehensive subsidy program for low-income patients.

A scaled for distance map evidencing the project site is within 1 mile (1.5 mile for Rural set-aside projects) of a medical clinic with a physician, physician's assistant, or nursepractitioner onsite for a minimum of 40 hours each week, or hospital (not merely a private doctor’s office). A qualifying medical clinic must accept Medi-Cal payments, or Medicarepayments for Senior Projects, or Health Care for the Homeless for projects housing homeless populations, or have an equally comprehensive subsidy program for low-income patients.

PHARMACY Reg. Section 10325(c)(5)(A)(9)A scaled for distance map evidencing the project site is within 1/2 mile (1 mile for Rural set-aside projects) of a pharmacy

A scaled for distance map evidencing the project site is within 1 mile (2 miles for Rural set-aside projects) of a pharmacy

TENANT INTERNET SERVICE Reg. Section 10325(c)(5)(A)(10)Will-serve letter or comparable documentation of internet service availability

Certification from applicant of the high speed capacity of internet service being providedand a commitment to provide in-unit internet free of charge for 15 years.

TAB 24

SERVICE AMENITIES(Part VI - Points System - Section 1 - D(2))Reg. Section 10325(c)(5)(B)

Provide complete evidence of eligibility per regulation guidelines and include all instructions found in ATTACHMENT 24: Service Amenities

Applications will receive points for services only if the proposed services budgetadequately accounts for the level of service. The budgeted amount must reasonably be expected to cover the costs of the proposed level of service.

Service Coordinator evidence

Other Services Specialist evidence

Evidence of adult educational, health and wellness, or skill building classes

Evidence of health and wellness services and programs: the application must describe in detail the services to be provided

Evidence of licensed child care provided to residents (20 hours per week Monday through Friday)

Evidence of after school programs for school age children

Case Manager evidence

Evidence of health or behavioral services provided by appropriately-licensed organizationor individual

TAB 25

SUSTAINABLE BUILDING METHODS (Part VI - Points System - Section 1 - E)Reg. Section 10325(c)(6)

Architect certification of sustainable building methods that will be incorporatedinto the projectProvide evidence of eligibility and include signed: ATTACHMENT 25: Architect Sustainable Building Method Certification

For new construction projects committing to points for energy efficiency beyond 2016 Title 24Standards or energy efficiency with renewable energy, submit a Sustainable Building Methodsand Energy Efficiency Requirements Workbook and accompanying documentation, to becompleted by a qualified energy analyst, if not included in Tab 10.

For rehabilitation projects committing to points for improving energy efficiency of the existingconditions or to points for additional rehabilitation project measures, submit a Sustainable Building Methods and Energy Efficiency Requirements Workbook and accompanyingdocumentation, to be completed by a qualified energy analyst, if not included in Tab 10.


For projects applying for LEED, GreenPoint Rated, Passive House Institute US, Passive House, Living Building Challenge, or National Green Building Standard ICC/ASRAE-700 or higherrating categories, a Sustainable Building Method and Energy Efficiency Requirements Workbook is not required.

An applicant statement committing the property owner to at least maintain the quality of theinstalled energy efficiency and sustainability features when replacing any such feature.

If the project consists of both new construction and rehabilitation buildings, provide evidencethat the proposed project meets the applicable standards for both construction types.

TAB 26

READINESS TO PROCEEDReg. Section 10325(c)(8)

Readiness Points (Part VI - Points System - Section 1 - G)Enforceable commitments for all construction financing and evidence of commitment fee paymentsReg. Section 10325(c)(8)(A)

NOTE: A single Attachment 26 form may be submitted for the following point subcategories, or if multiple agencies/departments are involved, multiple forms should be provided as necessary. Please review the most current TCAC guidance on environmental clearance for readiness scoring, available at:http://www.treasurer.ca.gov/ctcac/2011/firstround/update.pdf

Land use entitlements, environmental review clearance, design review worksheetProvide evidence of eligibility and include signed: ATTACHMENT 26: Approvals Necessary to Begin Construction

Verified evidence of site plan approval and all necessary land use environmental review clearances Reg. Section 10325(c)(8)(B)

Evidence of CEQA, NEPA, and tribal land environmental review approval. NEPA approval is evidenced by HUD Form 7015.16 or equivalent.For projects exempt from NEPA, attach documentation verifying exemptionand include a summary explaining the exemption status.Reg. Section 10325(c)(8)(B)

Evidence of all public or tribal land use approvals subject to the discretion of local ortribal elected officials. Reg. Section 10325(c)(8)(C)

TAB 27

MISCELLANEOUS FEDERAL AND STATE POLICIESReg. Section 10325(c)(9)

Architect certification of Universal DesignProvide evidence of eligibility and include signed: ATTACHMENT 27: Enhanced Accessibility and Visitability Architect Certification

For Revitalization Area ProjectsDocumentation of the census tract in which at least 50% of the households have an income of less that 60% AMI. This information is available from HUD: http://qct.huduser.gov/tables/data_request.odb The data at the link above provides a ratio of the 60% income limit to the tract median income in the third to last column ‘avg_inc_factor’. Since 50% of households earn the median or less, if the ratio is greater than one, this provides documentation for at least 50% of households earning less than or equal to 60% of area median income. ORDocumentation of location in a federal Promise Zone

AND Letter from a local government official describing neighborhood revitalization plan, delineating the various community revitalization efforts, funds committed or expended in the previous5 years, and how the project would contribute to the community's revitalization.

Eventual tenant ownershipProvide evidence of a program as described in Reg. Section 10325(c)(7), including:evidence of a financially feasible program incorporating an exit strategy, home ownershipcounseling, funding to be set aside to assist tenants in purchasing, a plan forconversion of the facility to home ownership at the end of the initial 15 year complianceperiod.

http://qct.huduser.gov/tables/data_request.odb

TAB 28

FARMWORKER APPLICATIONReg. Section 10302(p) and 10317(h)

Provide evidence of eligibility and include signed: ATTACHMENT 28: Applicant Farmworker Eligibility Certification

April 28, 2017 Version 1 Application 6/1/2017

APPLICANT:

PROJECT NAME:

The undersigned applicant hereby makes application to the California Tax Credit Allocation Committee (“TCAC”) for a reservation of Federal, or Federal and State Low-Income Housing Tax Credits (“Credits”) in the amount(s) of:

annual Federal Credits, and

total State Credits

for the purpose of providing low-income rental housing as herein described. I understand that Credit amount(s) preliminarily reserved for this project, if any, may be adjusted over time based upon changing project costs andfinancial feasibility analyses which TCAC is required to perform on at least three occasions.

Election to sell ("certificate') state credits: By selecting "Yes" or "No" in the box immediately before, I hereby make an irrevocable election to sell ("certificate") or not sell all or any portion of the state credit, as allowed pursuant to Revenue and Taxation Code Sections 12206(o), 17058(q), and 23610.5(r). I further certify that the applicant is a non-profit entity, and that the state credit pricing will be at least 80 cents per dollar.

I agree it is my responsibility to provide TCAC with the original complete application and the Local Reviewing Agencyan exact copy of the application. I agree that I have included a letter from the local government and the appropriateLocal Reviewing Agency of the jurisdiction in which the project is located identifying the agency designated as theLocal Reviewing Agency for the Tax Credit Allocation Committee. I agree that it is also my responsibility to providesuch other information as TCAC requests as necessary to evaluate my application. I represent that if a reservationor allocation of Credit is made as a result of this application, I will also furnish promptly such other supportinginformation and documents as may be requested. I understand that TCAC may verify information provided andanalyze materials submitted as well as conduct its own investigation to evaluate the application. I recognize that Ihave an affirmative duty to inform TCAC when any information in the application or supplemental materials is nolonger true and to supply TCAC with the latest and accurate information.

I acknowledge that if I receive a reservation of Tax Credits, I will be required to submit requisite documentation at each of the following stages: for a carryover allocation; for readiness to proceed requirements if applicable; andafter the project is placed-in-service.

I represent I have read Section 42 of the Internal Revenue Code (IRC) pertaining to Federal Tax Credits, and if applying for State Tax Credits, I represent I have also read California Health and Safety Code Sections 50199.4 et seq. and California Revenue and Taxation Code Sections 12206, 17058, and 23610.5 pertaining to the State Tax Credit program. I understand that the Federal and State Tax Credit programs are complex and involve long-term maintenance of housing for qualified low-income households. I acknowledge that TCAC has recommended thatI seek advice from my own tax attorney or tax advisor.

I represent that I have read and understand the requirements set forth in Regulation Section 10322(j) pertaining to re-applications for Credit.

No

(CHECK ONLY)

April 28, 2017 Version

II. APPLICATION - SECTION 1: APPLICANT STATEMENT, CERTIFICATION AND NOTARY

CALIFORNIA TAX CREDIT ALLOCATION COMMITTEE

PLEASE INCLUDE APPLICATION FEE WITH APPLICATION SUBMISSION

2017 COMPETITIVE 9% APPLICATION FOR LOW-INCOME HOUSING TAX CREDITS


I certify that I have read and understand the provisions of Sections 10322(a) through (h). No additional documents in support of the basic thresholds or point selection categories shall be accepted from the applicant beyond the application filing deadline, unless the Executive Director, at his or her sole discretion, determines that the deficiency is a clear reproduction or application assembly error, or an obviously transposed number. In such cases, applicantsshall be given up to five (5) business days from the date of receipt of staff notification, to submit said documents to complete the application. For threshold omissions other than reproduction or assembly errors, the Executive Director may request additional clarifying information from other government entities.

I agree to hold TCAC, its members, officers, agents, and employees harmless from any matters arising out of or related to the Credit programs.

I agree that TCAC will determine the Credit amount to comply with requirements of IRC Section 42 but that TCAC in no way warrants the feasibility or viability of the project to anyone for any purpose. I acknowledge that TCAC makes no representation regarding the effect of any tax Credit which may be allocated and makes no representation regarding the ability to claim any Credit which may be allocated.

I acknowledge that all materials and requirements are subject to change by enactment of federal or state legislationor promulgation of regulations.

In carrying out the development and operation of the project, I agree to comply with all applicable federal and state laws regarding unlawful discrimination and will abide by all Credit program requirements, rules, and regulations.

I acknowledge that neither the Federal nor the State Tax Credit programs are entitlement programs and that my application will be evaluated based on the Credit statutes, regulations, and the Qualified Allocation Plan adopted by TCAC which identify the priorities and other standards which will be employed to evaluate applications.

I acknowledge that a reservation of Federal or State Tax Credits does not guarantee that the project will qualify for Tax Credits. Both Federal law and the state law require that various requirements be met on an ongoing basis. I agree that compliance with these requirements is the responsibility of the applicant.

I acknowledge that the information submitted to TCAC in this application or supplemental thereto may be subject to the Public Records Act or other disclosure. I understand that TCAC may make such information public.

I acknowledge that if I obtain an allocation of Federal and/or State Tax Credits, I will be required to enter into a regulatory agreement which will contain, among other things, all the conditions under which the Credits were provided including the selection criteria delineated in this application.

I declare under penalty of perjury that the information contained in the application, exhibits, attachments, and anyfurther or supplemental documentation is true and correct to the best of my knowledge and belief. I certify andguarantee that each item identified in TCAC’s minimum construction standards will be incorporated into the design of the project, unless a waiver has been approved by TCAC. I certify that, when requesting a threshold basis increasefor development impact fees, the impact fee amounts are accurate as of the application date. In an application proposing rehabilitation work, I certify that all necessary work identified in the Capital Needs Assessment, including theimmediate needs listed in the report, will be performed (unless a waiver is granted) prior to the project's rehabilitation completion. I certify and guarantee that the application meets each item of the applicable housing type requirement,as identified by TCAC regulation. I certify and guarantee that any tenant services proposed under TCAC RegulationSection 10325(c)(5)(B) will be available within 6 months of the project's placed in service date, will be of a regularand ongoing nature and provided to tenants for a period of at least 15 years, free of charge (except child care).I understand that any misrepresentation may result in cancellation of Tax Credit reservation, notification of the Internal Revenue Service and the Franchise Tax Board, and any other actions which TCAC is authorized to take pursuant to California Health and Safety Code Section 50199.22, issuance of fines pursuant to California Health and Safety Code Section 50199.10, and negative points per Regulation Section 10325(c)(3) or under general authority of state law.

I certify that I believe that the project can be completed within the development budget and the development timetable set forth (which timetable is in conformance with TCAC rules and regulations) and can be operated in the manner proposed within the operating budget set forth.

I further certify that more than 10% of the project's total reasonably expected basis cost will be incurred and the land acquired by the date specified in the reservation preliminary or final letter.


Dated this day of , 2017 at By (Original Signature)

, California.

(Typed or printed name)

(Title)

A notary public or other officer completing this certificate verifies only the identity of the individual who signed thedocument to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

STATE OF )

COUNTY OF )

On before me, ,personally appeared

, who proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature (Seal)

ACKNOWLEDGMENT


Local Jurisdiction:City Manager: *Title:Mailing Address: City: Zip Code: Phone Number: Ext.FAX Number: E-mail:

* For City Manager, please refer to the following the website below:http://events.cacities.org/CGI-SHL/TWSERVER.EXE/RUN:MEMLOOK

City Manager

http://events.cacities.org/CGI-SHL/TWSERVER.EXE/RUN:MEMLOOK


A. Application TypeApplication type:Prior application was submitted but not selected?

If yes, enter application number: TCAC # CA - -

Has credit previously been awarded?Is this project a Re-syndication of a current TCAC project?

If a Resyndication Project, complete the Resyndication Projects section below. If re-applying and returning credit, enter the current application number and the amount being returned:TCAC # CA - -Returned Federal Credit:

Is State Farmworker Credit requested?

B. Project InformationProject Name:Site Address:

If address is not established, enter detailed description (i.e. NW corner of 26th and Elm)

City: County:Zip Code: Census Tract:Assessor's Parcel Number(s):

Project is located in a DDA:Project is located in a Qualified Census Tract: *Federal Congressional District:Project is DDA/QCT but requesting State Credits: *State Assembly District:Special Needs with 130% basis & State Credits: *State Senate District:Project is a Scattered Site Project:

If yes, all sites within a 5-mile diameter range:*Accurate information is essential; the following website is provided for reference:https://www.govtrack.us/congress/members/map http://findyourrep.legislature.ca.gov/

C. Credit Amount Requested (If State Credit Request, Reg. Sects. 10317 & 10322(h)(33))

*Applicants that selected the option for State credit substitution can still elect to mark Federal only Credits.

D. Federal Minimum Set-Aside Election (IRC Section 42(g)(1))

E. Set-Aside Selection (Reg. Section 10315(a)-(e))

F. Housing Type Selection (Reg. Sections 10315(g) & 10325(g))

If you selected Special Needs please list the percentage of Special Needs Units:If between 50% and 75%, please specify other housing type construction standards that will be met:

G. Geographic Area (Reg. Section 10315(h))Please select your geographic area:

N/A

(select one)

II. APPLICATION - SECTION 2: GENERAL AND SUMMARY INFORMATION

No

(federal) (state)

No

Federal Only

No

(select one)

N/A

(select one)

(select one)

N/A

Preliminary Reservation

No

No

No

http://findyourrep.legislature.ca.gov/


A. Identify ApplicantApplicant is the current owner and will retain ownership:Applicant will be or is a general partner in the to be formed or formed final ownership entity:Applicant is the project developer and will be part of the final ownership entity for the project:Applicant is the project developer and will not be part of the final ownership entity for the project:

B. Applicant Contact InformationApplicant Name:Street Address:City: State: Zip Code:Contact Person:Phone: Ext.: Fax:Email:

C. Legal Status of Applicant: Parent Company:If Other, Specify:

D. General Partner(s) InformationD(1) General Partner Name:

Street Address:City: State: Zip Code:Contact Person:Phone: Ext.: Fax:Email: Nonprofit/For Profit: Parent Company:

D(2) General Partner Name:*Street Address:City: State: Zip Code:Contact Person:Phone: Ext.: Fax:Email: Nonprofit/For Profit: Parent Company:

D(3) General Partner Name:Street Address:City: State: Zip Code:Contact Person:Phone: Ext.: Fax:Email: Nonprofit/For Profit: Parent Company:

E. General Partner(s) or Principal Owner(s) Type *If Joint Venture, 2nd GP must be included ifapplicant is pursuing a property tax exemption

F. Status of Ownership Entity Reg. Section 10327(g)(2) - "TBD" not sufficientIf to be formed, enter date:

*(Federal I.D. No. must be obtained prior to submitting carryover allocation package)

G. Contact Person During Application ProcessCompany Name:Street Address:City: State: Zip Code:Contact Person:Phone: Ext.: Fax:Email: Participatory Role:

(e.g., General Partner, Consultant, etc.)

(select one)

(select one)

(select one)

#N/A

II. APPLICATION - SECTION 3: APPLICANT INFORMATION

(select one)

(select one)

N/A

N/AN/A

N/A

(select one)

(select one)

(select one)


A. Indicate and List All Development Team Members

Developer: Architect:Address: Address:City, State, Zip City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:

Attorney: General Contractor:Address: Address:City, State, Zip City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:

Tax Professional: Energy Consultant:Address: Address:City, State, Zip City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:

CPA: Investor:Address: Address:City, State, Zip City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:

Consultant: Market Analyst:Address: Address:City, State, Zip City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:

Appraiser: Prop. Mgmt. Co.:Address: Address:City, State, Zip City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:

CNA Consultant: 2nd Prop. Mgmt Co.:Address: Address:City, State, Zip City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:

II. APPLICATION - SECTION 4: DEVELOPMENT TEAM INFORMATION


A. Type of Credit RequestedNew Construction If yes, will demolition of an existing structure be involved?(may include Adaptive Reuse) If yes, will relocation of existing tenants be involved?Rehabilitation-Only Is this an Adaptive Reuse project?Acquisition & Rehabilitation If yes, please consult TCAC staff to determine the applicable

regulatory requirements (new construction or rehabilitation).

B. Acquisition and Rehabilitation/Rehabilitation-only ProjectsIf requesting Acquisition Credit, will the acquisition meet the 10-year placed in service rule as required by IRC Sec. 42(d)(2)(B)(ii)?

If no, will it meet the waiver conditions of IRC Sec. 42(d)(6)?Will the rehabilitation and/or the income and rent restrictions of Sec. 42 cause relocation of existing tenants?

Age of Existing Structures No. of Existing Buildings No. of Occupied Buildings No. of Existing Units No. of Stories Current Use:

Resyndication ProjectsCurrent/original TCAC ID: TCAC # CA - - TCAC # CA - -First year of credit:Are Transfer Event provisions applicable? See questionnaire on TCAC website.

Is the project currently under a Capital Needs Agreement with TCAC?If so, has the Short Term Work been completed? See Checklist, Tab 8 for documentation requirements.

Is the project subject to hold harmless rent limits? If yes, see page 18 and Checklist, Tab 8.

C. Purchase InformationName of Seller: Signatory of Seller:Date of Purchase Contract or Option: Purchased from Affiliate:Expiration Date of Option: If yes, broker fee amount to affiliate?Purchase Price: Special Assessment(s):Phone: Ext.: Historical Property/Site:Holding Costs per Month: Total Projected Holding Costs:Real Estate Tax Rate:

D. Project, Land, Building and Unit InformationProject Type

Single Room Occupancy: Single Family Home:Detached 2, 3, or 4 Family: Housing Cooperative:Tenant Homeownership: One or Two Story Garden:Townhouse/Row House: Condominium:Inner City Infill Site:Two or More Story With an Elevator: if yes, enter number of stories:Two or More Story Without an Elevator: if yes, enter number of stories:One or More Levels of Subterranean Parking:Other:

E. Land Density:x Feet or Acres Square Feet

If irregular, specify measurements in feet, acres, and square feet:

N/A

II. APPLICATION - SECTION 5: PROJECT INFORMATION

N/A

N/A

N/A

N/AN/AN/A

N/A

If yes, applicants must submit an explanation of relocation requirements, a detailed relocation plan including a budget with an identified funding source (see Checklist).

N/A

N/A

N/A

N/AN/A N/A

No

N/A

N/AN/A N/A

No

N/A

#DIV/0!

N/A

(specify here)

N/A

N/A

N/A

N/A

N/A


F. Building InformationTotal Number of Buildings: Residential Buildings:Community Buildings: Commercial/ Retail Space:

If Commercial/ Retail Space, explain: (include use, size, location, and purpose)

Are Buildings on a Contiguous Site?If not Contiguous, do buildings meet the requirements of IRC Sec. 42(g)(7)?

Do any buildings have 4 or fewer units? If yes, are any of the units to be occupied by the owner or a person related to the owner (IRC Sec. 42(i)(3)(c))?

G. Project Unit Number and Square FootageTotal number of units:Total number of non-tax credit units (excluding managers' units) (i.e. market rate units):Total number of units (excluding managers’ units):Total number of low-income units:Ratio of low-income units to total units (excluding managers’ units):Total square footage of all residential units (excluding managers’ units):Total square footage of low-income units:Ratio of low-income residential to total residential square footage (excluding managers’ units):Applicable fraction, smaller of unit or square footage ratio (used on "Basis & Credits"):Total community room square footage:Total commercial/ retail space square footage:Total common space square footage (including managers’ units):Total parking structure square footage (excludes car-ports and "tuck under" parking):

**Total Square Footage of All Project Structures (excluding commercial/retail):

Total Project Cost per UnitTotal Residential Project Cost per UnitTotal Eligible Basis per Unit

H. Tenant Population DataCompletion of this section is required. The information requested in this section is for nationaldata collection purposes, and is not intended for threshold and competitive scoring use; however, the completed table should be consistent with information provided in the application andattachments.

Indicate the number of units anticipated for the following populations:

Other:Units w/ tenants of multiple disability type or subsidy layers (explain)

Rural area consistent with TCAC methodology

Persons with HIV/AIDSN/ATransition age youth

Persons with physical, mental, development disabilities

Homeless/formerly homeless N/A

N/A

No

Transitional housing

Farmworker

N/A

For 4% federal applications only:

#DIV/0!

N/A

N/A

N/A

N/A

N/A

N/A

N/A

*equals: "total square footage of all residential units" + "total community room square footage" + "total common space" + "total parking structure square footage")

#DIV/0!

#DIV/0!

Family Reunification

No

N/A


A. Required Approvals Necessary to Begin Construction

Negative Declaration under CEQANEPAToxic ReportSoils ReportCoastal Commission ApprovalArticle 34 of State ConstitutionSite Plan Conditional Use Permit Approved or RequiredVariance Approved or RequiredOther Discretionary Reviews and Approvals

Current Land Use DesignationCurrent Zoning and Maximum DensityProposed Zoning and Maximum DensityDoes this site have Inclusionary Zoning?

Building Height RequirementsRequired Parking RatioIs site in a Redevelopment Area?

No

No

Project and Site Information

(if yes, explain here)

No

Approval Dates

II. APPLICATION - SECTION 6: REQUIRED APPROVALS & DEVELOPMENT TIMETABLE

Application Submittal

Estimated Approval

Actual Approval

Occupancy restrictions that run with the land due to CUP’s or density bonuses?


B. Development Timetable

/Environmental Review Completed /Site Acquired /Conditional Use Permit /Variance /Site Plan Review /Grading Permit /Building Permit /Loan Application /Enforceable Commitment /Closing and Disbursement /Loan Application /Enforceable Commitment /Closing and Disbursement /Type and Source: /Application /Closing or Award /Type and Source: /Application /Closing or Award /Type and Source: /Application /Closing or Award /Type and Source: /Application /Closing or Award /Type and Source: /Application /Closing or Award /Type and Source: /Application /Closing or Award /10% of Costs Incurred /Construction Start /Construction Completion /Placed In Service /Occupancy of All Low-Income Units /

YearN/A

N/A

N/A

N/A

N/A

Month

N/A

Actual or Scheduled

N/A

N/A

(specify here)N/AN/A

N/A

N/A

SITE

PERMANENT FINANCING

CONSTRUCTION FINANCING

N/A

N/A

N/A

N/A

N/A

N/AN/A

(specify here)

OTHER LOANS AND GRANTS

N/A(specify here)

(specify here)

N/A

N/A

N/A

N/A(specify here)

LOCAL PERMITSN/A

(specify here)

N/A

N/A

N/AN/A

N/AN/A

N/A

N/A

N/A

N/A

N/A


A. Construction Financing

List Below All Projected Sources Required To Complete Construction

1)2)3)4)5)6)7)8)9)10)11)12)

1) Lender/Source: 2) Lender/Source:Street Address: Street Address:City: City:Contact Name: Contact Name:Phone Number Ext.: Phone Number Ext.:Type of Financing: Type of Financing:Is the Lender/Source Committed? Is the Lender/Source Committed?




9) Lender/Source: 10) Lender/Source:Street Address: Street Address:City: City:Contact Name: Contact Name:Phone Number Ext.: Phone Number Ext.:Type of Financing: Type of Financing:Is the Lender/Source Committed? Is the Lender/Source Committed? No

No

Name of Lender/Source Term (months) Amount of FundsInterest Rate

No

No

No

No

No

No

No

Total Funds For Construction:

No

III. PROJECT FINANCING - SECTION 1: CONSTRUCTION FINANCING


11) Lender/Source: 12) Lender/Source:Street Address: Street Address:City: City:Contact Name: Contact Name:Phone Number Ext.: Phone Number Ext.:Type of Financing: Type of Financing:Is the Lender/Source Committed? Is the Lender/Source Committed?No No


A. Permanent Financing


1)2)3)4)5)6)7)8)9)10)11)12)




7) Lender/Source: 8) Lender/Source:Street Address: Street Address:City: City:Contact Name: Contact Name:Phone Number Ext.: Phone Number Ext.:Type of Financing: Type of Financing:Is the Lender/Source Committed? Is the Lender/Source Committed? No

Total Sources of Project Funds:

No

III. PROJECT FINANCING - SECTION 2: PERMANENT FINANCING

No

No

No No

Residual Receipts /

Deferred Pymt.

No

Total Permanent Financing:

Amount of Funds

Interest Rate

Name of Lender/Source Term (months)

Total Tax Credit Equity:

No

Annual Debt Service



11) Lender/Source: 12) Lender/Source:Street Address: Street Address:City: City:Contact Name: Contact Name:Phone Number Ext.: Phone Number Ext.:Type of Financing: Type of Financing:Is the Lender/Source Committed? Is the Lender/Source Committed?No No

No No


A. Low Income Units

Is this a resyndication project using hold harmless rent limits in the above table?Hold harmless rents cannot exceed the federal set-aside current tax credit rent limits (TCAC Reg. Section 10327(g)(8)). For units included in the lowest income point category, TCAC requires the use of current rent limits.

B. Manager UnitsState law requires an onsite manager's unit for projects with 16 or more residential units. TCAC Regulation Section 10325(f)(7)(J) requires projects with at least 161 units to provide a second on-site manager's unit, with one additional for each 80 units beyond, up to 4 on-site manager units.Scattered site projects of 16 or more units must have at least one manager unit at each site consisting of 16 or more residential units.Projects may employ full-time property management staff and provide an equivalent number of deskor security staff for the hours when the property management staff are not working. See TCACRegulation Section 10325(f)(7)(J) for details on the requirements for this option.

Project with desk or security staff in lieu of on-site manager unit(s)See TCAC Regulation Section 10325(f)(7)(J) for complete requirements.

(f)Monthly Rent Plus Utilities

(c + e)

(g)% of Targeted Area Median

Income

Total # Units: Total:

No

(c)Proposed

Monthly Rent (Less Utilities)

(d)Total Monthly

Rents (b x c)

(b)

Number of Units

(a)

Bedroom Type(s)

(a)

Bedroom Type(s)

(c)Proposed


(e)

Monthly Utility

(b)

Number of Units


(h) % of

Actual AMI

(d)Total Monthly

Rents (b x c)

#DIV/0!

III. PROJECT FINANCING - SECTION 3: INCOME INFORMATION

N/A

Average:


C. Market Rate Units

Aggregate Monthly Rents For All Units:Aggregate Annual Rents For All Units:

D. Rental Subsidy Income/Operating SubsidyComplete spreadsheet "Subsidy Contract Calculation"

Number of Units Receiving Assistance:Length of Contract (years):Expiration Date of Contract:

Total Projected Annual Rental Subsidy:

E. Miscellaneous Income

Annual Income from Laundry Facilities:Annual Income from Vending Machines:Annual Interest Income:Other Annual Income:

Total Miscellaneous Income:Total Annual Potential Gross Income:

F. Monthly Resident Utility Allowance by Unit Size (utility allowances must be itemized and must agree with the applicable utility allowance schedule)

Other:

*PROJECTS PROPOSING UNITS WITH INDIVIDUAL WATER METERS MUST INCLUDE A WATERALLOWANCE.

Name of PHA or California Energy Commission Providing Utility Allowances:

At application, use of the CUAC is limited to new construction projects.

Electricity:

Total # Units:

Water:*

4 BR3 BR2 BRSpace Heating:

Cooking:Lighting:

Water Heating:

SRO / STUDIO 1 BR

Total:

(a)

Bedroom Type(s)

(b)

Number of Units

(c)Proposed


(d)Total Monthly

Rents (b x c)

Total:(specify here)

(specify here)

( ) BR


G. Annual Residential Operating Expenses

Administrative Advertising:Legal:Accounting/Audit:Security:Other:

Total Administrative:

Management

Utilities Fuel:Gas:Electricity:Water/Sewer:

Total Utilities:

Payroll / On-site Manager:Payroll Taxes Maintenance Personnel:

Other:Total Payroll / Payroll Taxes:

Total Insurance:

Maintenance Painting:Repairs:Trash Removal:Exterminating:Grounds:Elevator:Other:

Total Maintenance:

Other Expenses Other:Other:Other:Other:Other:

Total Other Expenses:

Total Expenses

Total Annual Residential Operating Expenses:Total Number of Units in the Project:

Total 3-Month Operating Reserve:Total Annual Internet Expense (site amenity election):

Total Annual Services Amenities Budget (from project expenses):Total Annual Reserve for Replacement:

Total Annual Real Estate Taxes:

H. Commercial Income*

Total Annual Commercial/Non-Residential Revenue:Total Annual Commercial/Non-Residential Expenses:Total Annual Commercial/Non-Residential Debt Service:

Total Annual Commercial/Non-Residential Net Income:

*The Sources and Uses Budget must separately detail apportioned amounts for residential and commercialspace. Separate cash flow projections shall be provided for residential and commercial space. Income fromthe residential portion of a project shall not be used to support any negative cash flow of a commercial portion,and commercial income should not support the residential portion (Sections 10322(h)(14), (22); 10327(g)(7)).

(specify here)

(specify here)

Total Management:

(specify here)

(specify here)

(specify here)

(specify here)

Total Annual Operating Expenses Per Unit:

(specify here)

(specify here)

Other (Specify):Other (Specify):


A. Inclusion/Exclusion From Eligible Basis

HOME Investment Partnership Act (HOME)Community Development Block Grant (CDBG)RHS 514RHS 515RHS 516RHS 538HOPE VIMcKinney-Vento Homeless Assistance ProgramMHSAMHPHousing Successor Agency FundsTaxable bond financingFHA Risk Sharing loan?State:Local:Private:Other:Other:Other:

B. Rental Subsidy AnticipatedIndicate By Percent Of Units Affected, Any Rental Subsidy Expected To Be Available To The Project.

Approval Date: Approval Date:Source: Source:If Section 8: If Section 8:Percentage: Percentage:Units Subsidized: Units Subsidized:Amount Per Year: Amount Per Year:Total Subsidy: Total Subsidy:Term: Term:

C. Pre-Existing Subsidies (Acq./Rehab. or Rehab-Only projects)Indicate The Subsidy Amount For Any Of The Following Currently Utilized By The Project.

Sec 221(d)(3) BMIR: RHS 514:HUD Sec 236: RHS 515:If Section 236, IRP? RHS 521 (rent subsidy):RHS 538: State / Local:HUD Section 8: Rent Sup / RAP:If Section 8:HUD SHP:

Will the subsidy continue?: Other:

Other amount:

N/A

No

(select one)

Amount

If yes enter amount:

(specify here)

N/A

(select one)

N/A

No

N/A

N/A(specify here)

(specify here)

(select one)

N/A

If lender is not funding source, list source (HOME, CDBG, etc.) NOT lender.

N/A

N/A

N/A

N/A

N/A

N/A

Funding Sources

N/AN/A

N/A

(specify here)

III. PROJECT FINANCING - SECTION 4: LOAN AND GRANT SUBSIDIES

N/A

Included in Eligible Basis

Yes/No

N/A

N/A

(specify here)(specify here)

(specify here)N/A

N/A


A. Threshold Basis Limit

(a)

(b)

(c)

(d)

(e)

(f)

If Yes, select type:

(g)

(h)

(i)

HIGH COST TESTTotal Eligible Basis

Percentage of the Adjusted Threshold Basis Limit

Unit Basis Limit

Plus (+) 7% basis adjustment for new construction projects required to provide parking beneath residential units (not "tuck under" parking) or through construction of an on-site parking structure of two or more levels.

Unit Size

Yes/No

No

No

No

Plus (+) local development impact fees required to be paid to local government entities. Certification from local entities assessing fees also required. WAIVED IMPACT FEES ARE INELIGIBLE.

No

SRO/STUDIO

2 Bedrooms

4+ BedroomsTOTAL UNITS:

1 Bedroom

N/A

No

TOTAL UNADJUSTED THRESHOLD BASIS LIMIT:

#DIV/0!

No

Plus (+) 10% basis adjustment for projects wherein at least 95% of the project's upper floor units are serviced by an elevator.

No

(Basis) X (No. of Units)No. of Units

Plus (+) 2% basis adjustment for projects where 100 percent of the units are for Special Needs populations.

Plus (+) 2% basis adjustment for projects where a day care center is part of the development.

III. PROJECT FINANCING - SECTION 5: THRESHOLD BASIS LIMIT

Plus (+) the lesser of the associated costs or up to a 15% basis adjustment for projects requiring seismic upgrading of existing structures, and/or projects requiring toxic or other environmental mitigation as certified by the project architect or seismic engineer.

TOTAL ADJUSTED THRESHOLD BASIS LIMIT:

Plus (+) up to 10% basis adjustment for projects applying under Section 10325 or Section 10326 of these regulations that include one or more of the features in the section: Item (e) Features.

3 Bedrooms

No

Plus (+) 5% basis adjustment for projects that certify that (1) they are subject to a project labor agreement within the meaning of Section 2500(b)(1) of the Public Contract Code, or (2) they will use a skilled and trained workforce as defined by Section 25536.7 of the Health and Safety Code to perform all onsite work within an apprenticeable occupation in the building and construction trades.

No

Plus (+) 10% basis adjustment for projects located in an area that meets all of the following criteria: (i) is within a city with a population of at least 50,000 or that, when combined with abutting cities, has a population of at least 50,000; (ii) is within a county that has a 9% threshold basis limit for 2-bedroom units equal to or less than $300,000; (iii) is deemed to have the highest opportunity by the UC Davis Regional Opportunity Index for Places.

No

Plus (+) 20% basis adjustment for projects paid in whole or part out of public funds subject to a legal requirement for the payment of state or federal prevailing wages or financed in part by a labor-affiliated organization requiring the employment of construction workers who are paid at least state or federal prevailing wages. List source(s) or labor-affiliated organization(s):

#DIV/0!



REVIEW REGULATION SECTION 10327(c)(5)(B) PRIOR TO COMPLETING THIS SECTION.THE OPTIONS BELOW ARE PRESENTED WITH ABRIDGED LANGUAGE.

1 Project shall have onsite renewable generation estimated to produce 50% or more of annual tenantelectricity use. If combined available roof area is insufficient, project shall have onsite renewable generation based on at least 90% of the available solar accessible roof area. A project not availing itself of the 90% roof area exception may also receive an increase under paragraph (2) only if the renewable generation used to calculate each basis increase does not overlap. Threshold Basis Limit increase of 5%.

2 Project shall have onsite renewable generation estimated to produce 75% or more of annual commonarea electricity use. If combined available roof area is insufficient, project shall have onsite renewablegeneration based on at least 90% of the available solar accessible roof area. A project not availing itself of the 90% roof area exception may also receive an increase under paragraph (1) only if the renewable generation used to calculate each basis increase does not overlap. Threshold Basis Limit increase of 2%.

3 Newly constructed project buildings shall be 15% or more energy efficient than 2016 Energy EfficiencyStandards (CA Code of Regulations, Title 24, Part 6), except that if the local department has determined thatbuilding permit applications submitted on or before December 31, 2016 are complete, then newly constructed project buildings shall be 15% or more energy efficiency than the 2013 Energy Efficiency Standards (CA Code of Regulations, Title 24, Part 6). Threshold Basis Limit increase of 4%.

4 Rehabilitated project buildings shall have an 80% decrease in estimated annual energy use (or improvementin energy efficiency) in the HERS II post rehabilitation. Threshold Basis Limit increase 4%.

5 Use no irrigation at all, irrigate only with reclaimed water, greywater, or rainwater (excluding water used for community gardens) or irrigate with reclaimed water, greywater, or rainwater in an amount that annually equals or exceeds 20,000 gallons or 300 gallons per unit, whichever is less. Threshold Basis Limit increase 1%.

6 Community gardens of at least 60 square feet per unit. Permanent site improvements that provide aviable growing space within the project. Threshold Basis Limit increase 1%.

7 Install bamboo, cork, salvaged or FSC-Certified wood, natural linoleum, natural rubber, or ceramic tile in all kitchens, living rooms, and bathrooms (where no VOC adhesives or backing is also used). Threshold Basis Limit increase 1%.

8 Install bamboo, stained concrete, cork, salvaged or FSC-Certified wood, ceramic tile, or natural linoleum in all common areas. Threshold Basis Limit increase 2%.

9 For new construction projects only, meet all requirements of the U.S. Environmental Protection Agency Indoor Air Plus Program. Threshold Basis Limit increase 2%.

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

ITEM (e) Features

N/A

April 28, 2017 Version 22 Sources and Uses Budget 6/1/2017

IV. SOURCES AND USES BUDGET - SECTION 1: SOURCES AND USES BUDGET

TOTAL PROJECT

COST RES. COST COM'L. COSTTAX CREDIT

EQUITY

1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) SUBTOTAL

70% PVC for New

Const/Rehab30% PVC for Acquisition

LAND COST/ACQUISITION1Land Cost or Value

2DemolitionLegal

Land Lease Rent Prepayment1Total Land Cost or Value

Existing Improvements Value2Off-Site ImprovementsTotal Acquisition Cost

Total Land Cost / Acquisition CostPredevelopment Interest/Holding CostAssumed, Accrued Interest on Existing

Debt (Rehab/Acq)Other: (Specify)

REHABILITATIONSite WorkStructures

General RequirementsContractor Overhead

Contractor ProfitPrevailing Wages

General Liability InsuranceOther: (Specify)

Total Rehabilitation CostsTotal Relocation Expenses

NEW CONSTRUCTIONSite WorkStructures




Total New Construction CostsARCHITECTURAL FEES

DesignSupervision

Total Architectural CostsTotal Survey & Engineering

CONSTRUCTION INTEREST & FEESConstruction Loan Interest

Origination FeeCredit Enhancement/Application Fee

Bond PremiumTitle & Recording

TaxesInsurance

Other: (Specify)Other: (Specify)

Total Construction Interest & FeesPERMANENT FINANCING

Loan Origination FeeCredit Enhancement/Application Fee

Title & RecordingTaxes

InsuranceOther: (Specify)Other: (Specify)

Total Permanent Financing CostsSubtotals Forward

LEGAL FEESLender Legal Paid by Applicant

Other: (Specify)Total Attorney Costs

RESERVESRent Reserves

Capitalized Rent ReservesRequired Capitalized Replacement Reserve

3-Month Operating ReserveOther: (Specify)

Total Reserve CostsAPPRAISAL

Total Appraisal Costs

Permanent Sources



TOTAL PROJECT


EQUITY

1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) SUBTOTAL

70% PVC for New


Permanent Sources

Total Contingency CostOTHER PROJECT COSTS

TCAC App/Allocation/Monitoring FeesEnvironmental Audit

Local Development Impact FeesPermit Processing Fees

Capital FeesMarketing

FurnishingsMarket Study

Accounting/ReimbursableSoft Cost Contingency

Other: (Specify)Other: (Specify)Other: (Specify)Other: (Specify)Other: (Specify)

Total Other CostsSUBTOTAL PROJECT COST

DEVELOPER COSTSDeveloper Overhead/Profit

Consultant/Processing AgentProject Administration

Broker Fees Paid to a Related PartyConstruction Oversight by Developer

Other: (Specify)Total Developer Costs

TOTAL PROJECT COSTNote: Syndication Costs shall NOT be included as a project cost. Bridge Loan Expense During Construction:Calculate Maximum Developer Fee using the eligible basis subtotals. Total Eligible Basis:DOUBLE CHECK AGAINST PERMANENT FINANCING TOTALS:

Funding sources and costs should be aligned appropriately. For example, public funding sources for land purchase or construction costs should be shown as paying for these costs. Do not randomly select funding sources for line item costs if they have a dedicated source of payment.

1 Required: evidence of land value (see Tab 1). Land value must be included in Total Project Cost and Sources and Uses Budget (includes donated or leased land). Except for non-competitive projects with donated land, TCAC will not accept a budget with a nominal land value. Please refer to the TCAC website for additional information and guidance. 2 Required: include a detailed explanation of Demolition and Offsite Improvements requirements as well as a cost breakdown in Attachment 12, Construction and Design Description.

Note: The conditional formatting embedded in this Sources and Uses Budget workbook tests only for mathematical errors, i.e. whether sum total of Sources (Column R) matches Total Project Cost (Column B) and whether each source listed in the Sources and Uses Budget workbook (Row 103) matches that of Permanent Financing in the Application workbook (Row 106). The conditional formatting does NOT test for any regulatory threshold or feasibility requirements. Applicants are advised to conduct their own due diligence and not rely upon the conditional formatting in this workbook.

FOR PLACED IN SERVICE APPLICATION SUBMISSIONS:SYNDICATION (Investor & General Partner)Organizational FeeBridge Loan Fees/Exp.Legal FeesConsultant FeesAccountant FeesTax OpinionOther Date

Total Syndication Costs

CERTIFICATION OF CPA/TAX PROFESSIONAL:As the tax professional for the above-referenced low-income housing project, I certify under penalty of perjury, that the percentage of aggregate basis financed by tax-exempt bonds is:

Date

Signature of Owner/General Partner

CERTIFICATION BY OWNER:

Signature of Project CPA/Tax Professional

As owner(s) of the above-referenced low-income housing project, I certify under penalty of perjury, that the project costs contained herein are, to the best of my knowledge, accurate and actual costs associated with the construction, acquisition and/or rehabilitation of this project and that the sources of funds shown are the only funds received by the Partnership for the development of the project. I authorize the California Tax Credit Allocation Committee to utilize this information to calculate the low-income housing tax credit.

Printed Name of Signatory Title of Signatory

April 28, 2017 Version 24 Basis and Credits 6/1/2017

Determination of Eligible and Qualified BasisA. Basis and Credits

Total Eligible Basis:Ineligible Amounts

Subtract All Grant Proceeds Used to Finance Costs in Eligible Basis:Subtract Non-Qualified Non-Recourse Financing:Subtract Non-Qualifying Portion of Higher Quality Units:Subtract Photovoltaic Credit (as applicable):Subtract Historic Credit (residential portion only):

Total Ineligible Amounts:

Total Basis Reduction:

Total Adjusted Threshold Basis Limit:*Qualified Census Tract (QCT) or Difficult to Develop Area (DDA) Adjustment:

Total Adjusted Eligible Basis:Applicable Fraction:

Qualified Basis:Total Qualified Basis:

**Total Credit Reduction:Total Adjusted Qualified Basis:

*130% boost if your project is located in a DDA or QCT, or Reg. Section 10317(d) as applicable.(Boost is auto calculated from your selection in: II. APPLICATION - SECTION 2: GENERAL AND SUMMARY INFORMATION - B)**to be calculated in: "Points System". See Checklist.

B. Determination of Federal Credit

Adjusted Qualified Basis, After Credit Reduction:*Applicable Percentage:

Subtotal Annual Federal Credit:Total Combined Annual Federal Credit:

Total Eligible Basis Amount Voluntarily Excluded:

Total Requested Unadjusted Eligible Basis:

V. BASIS AND CREDITS - SECTION 1: BASIS AND CREDITS

70% PVC for New

Construction/Rehabilitation

30% PVC for Acquisition

Subtract (specify other ineligible amounts):

9.00% 3.23%

Subtract (specify other ineligible amounts):

* Applicants are required to use these percentages in calculating credit at the application stage.

New Construction

/Rehabilitation

100% 100%

Acquisition


C. Determination of Minimum Federal Credit Necessary For FeasibilityTotal Project CostPermanent FinancingFunding GapFederal Tax Credit Factor

Total Credits Necessary for FeasibilityAnnual Federal Credit Necessary for FeasibilityMaximum Annual Federal CreditsEquity Raised From Federal Credit

Remaining Funding Gap

D. Determination of State Credit State Credit Basis

Factor AmountMaximum Total State Credit

E. Determination of Minimum State Credit Necessary for FeasibilityState Tax Credit Factor

State Credit Necessary for FeasibilityMaximum State CreditEquity Raised from State Credit


State tax credit factor must be at least $0.80 for "certified" state credits; at least $0.65 for self-syndication projects; or at least $0.60 for all other projects

30%

Federal tax credit factor must be at least $1.00 for self-syndication projects or at least $0.85 for all other projects.

13%$0

Acquisition

Rehabilitation or new construction basis only (no acquisition basis), except in rare cases of At-Risk projects eligible for State Credit on the acquisition basis at the 0.13 factor when no 130% basis increase is used

If Applying For State Credit Complete Section (D) & (E)

NC/Rehab

April 28, 2017 Version 26 Points System 6/1/2017

A. Cost Efficiency/Credit Reduction/Public Funds

A(1) Cost Efficiency

Make a selection:

Projects total eligible basis that is below the maximum calculated threshold basis limits, including permitted adjustments receives 1 point for each full % below the maximum permitted adjusted threshold basis limits.

1) Project's adjusted threshold basis limits:2) Project's total eligible basis:3) Difference in threshold basis limits: 4) Calculated percent below adjusted threshold basis limits: (Rounded down to the nearest whole percent)

Total Points for Cost Efficiency:

A(2) Credit Reduction

Credit Reduction: (1 point for each full % that the qualified basis is reduced) 1) Total Qualified Basis:2) Credit Percent Reduction 3) Total Qualified Basis Reduction

4) Project's Total Adjusted Qualified Basis :

Total Points for Credit Reduction:

A(3) Public Funds Section

Total committed funds (including assumptions), fee waivers, or value of donated land 1 point for each full % of Total Development Cost (TDC) including the value of any donations or fee waivers

1 Federal, tribal, state or local funds2 Outstanding principal balances of prior existing public or subsidized debt IRC 509(a)(1) local community foundation funds --does NOT include charitable foundationsAwarded AHP fundsWaiver of fees resulting in quantifiable cost savings and not required by federal or state law3 Land donated by a public entity, or land leased from a public entity3 Land donated as part of an inclusionary housing ordinance or other negotiated development agreements4 Public contributions of off-site costs5 Private "tranche B" loan points value --calculated in "Final Tie Breaker Self-Score" spreadsheet

Total committed funds, fee waivers, or value of donated land: ***Total project cost: Percentage of funds versus TDC: (rounded down)

1 All loans must be "soft," having terms (or remaining terms) in excess of 15 years, and below market interest rates, interest accruals, or residual receipts payments for at least the first 15 years of their terms. The maximum below-market interest rate allowed for scoring purposes is 4% simple, or the applicable federal rate if compounding. RHS Section 514 and 515 financing is considered soft debt for purposes of scoring under this category. There must be conclusive evidence presented in the application that any new public funds havebeen firmly committed as stated in Regulation Section 10325(c)(1)(C). Please see also Checklist Items, Tab 1.

0%

0

$0$0

VI. POINTS SYSTEM - SECTION 1: POINTS SYSTEM

A maximum of 20 points shall be available in combining the cost efficiency, credit reduction, and public funds categories.

20 Points

20 Points

0%

Maximum 20 Points

Not applying for Cost Efficiency points

$0

(This figure was rounded up to the nearest whole number on the worksheet "Basis & Credits")

$0

20 Points

0

$00%

$0

0%


2 If the principal balances of prior publicly funded or subsidized loans are to be assumed, documented approval of the loan assumptionor other required procedure by the public agency holding the promissory note must be provided. Accrued interest recast as principalunder a new loan agreement will not be considered in scoring. See also Checklist Items, Tabs 1 and 20.

3 To receive points in this category, land and building values must supported by an independent, third party appraisal consistent with Regulation Section 10322(h)(9). Donated land value must be included in Total Project Cost and the Sources and Uses Budget. Evidence of land value is required (see Tab 1).

4 Off-site costs must be documented as waived fees pursuant to a nexus study or must be developed by a sponsor as a condition of localapproval. Please review Regulation Section 10325(c)(1)(C) for a more complete description of requirements.

5 Private "tranche B" loans underwritten based on rent differentials attributable to rent subsidies. Calculate in Final Tie Breaker Self-Score.

Total Points for Public Funds:

Total Points for Cost Efficiency, Credit Reduction, & Public Funds:

B. General Partner and Management Company Characteristics

B(1) General Partner ExperienceGeneral Partner Name:

Select from ONE of the following two options:

Special Needs housing type project opting for 5 project experience category:

For Special Needs housing type projects applying through the Nonprofit or Special Needs set-asides only:

To qualify for this option, all projects must qualify as Special Needs. The California LIHTC project need not be one of the Special Needs projects.

To receive points under this subsection for projects in existence for more than 3 years from the filing deadline date, the applicant must submit a certification from a 3rd party certified public accountant (CPA) that the projects for which points are requested have maintained a positive operating cash flow from typical residential income alone (e.g. rents, rental subsidies, late fees, forfeited deposits, etc.) for the year in which each development’slast financial statement has been prepared and have funded reserves in accordance with the partnership agreement and any applicable loan documents.This certification must list the specific projects for which the points are being requested. The CPA certification may be in the form of an agreed upon procedure report that includes funded reserves as of the report date, which shall be within 60 days of the application deadline, unless the general partner

or key person has no current projects which are eligible for points in which case the report date shall be after the date from which the general partneror key person separated from the last eligible project. To obtain points for projects previously owned by the proposed general partner, a similarcertification must be submitted with respect to the last full year of ownership by the proposed general partner, along with verification of the number ofyears that the project was owned by that general partner. This certification must list the specific projects for which the points are being requested.

Total Points for General Partner Experience: 0

Maximum 9 Points

0

6 Points

(select one)

(select one if applicable)

N/A

0


B(2) Management Company ExperienceSelect from ONE of the following two options:

Special Needs housing type project opting for 11 project experience category:

For Special Needs housing type projects applying through the Nonprofit or Special Needs set-asides only:

To qualify for this option, all projects must qualify as Special Needs. The California LIHTC project need not be one of the Special Needs projects.

Management Company Name:

Total Points for Management Company Experience:

Points in subsections (A) and (B) above will be awarded in the highest applicable category and are not cumulative. For maximum points in either subsection (A) or (B) above, a completed application attachment for the general partner or for the management agent, respectively, must be provided. For points to be awarded in subsection (B), an enforceable management agreement executed by both parties for the subject application must besubmitted at the time of application. "Projects" as used in this subsections (A) and (B) means multifamily, rental, affordable developments of over10 units that are subject to a recorded regulatory agreement or, in the case of housing on tribal lands, where federal HUD funds have been utilized in affordable rental developments. General Partner and Management Company experience points may be given based on the experience of the principals involved, or on the experience of municipalities or other nonprofit entities that have experience but have formed single-asset entities for each project in which they have participated, notwithstanding that the entity itself would not otherwise be eligible for such points. Alternatively, a management company may receive 2 points if it provides evidence that the management agent assigned to the project, either on-site or with management responsibilities for the site, has been certified, prior to application deadline, by a housing tax credit certification examination by a nationally recognized housing tax credit compliance entity and be on a list maintained by the Committee. These points may substitute forother management company experience but will not be awarded in addition to such points.

General partners and management companies with fewer than 2 active California LIHTC projects for more than 3 years, and general partners and

management companies for projects requesting points under the special needs categories with no active California LIHTC projects for more than3 years, should refer to Regulation Section 10325(c)(2) and Checklist Items Tabs 21 and 22 for additional requirements.

Total Points for General Partner & Management Company Experience:

C. Housing Needs

Select one if project is a scattered site acquisition and/or rehabilitation : Total Points for Housing Needs:

D. Site & Service Amenities

D(1) Site Amenities

Amenities must be appropriate to the tenant population served. To receive points the amenity must be in place at the time of application.TCAC Regulation Sections 10325(c)(5)(A), 10325(c)(5)(A)(1) and 10325(c)(5)(A)(5) provide information on the limited exceptions to this requirement. The application must include a map scaled for distance using a standardized radius from the development site as determinedby the Committee. Measurement from the project to a site must not cross significant physical barriers. The map must show the distance ofthe site amenities from the development site. An application proposing a project located on multiple scattered sites shall be scored proportionatelyin the site and service amenities based upon (i) each site’s score, and (ii) the percentage of units represented by each site, except that for

scattered site projects of less than 20 units, service amenities shall be scored in the aggregate across all sites. Applicants must provide colorphotographs, a contact person and a contact telephone number for each requested site amenity. Any inaccurate information will be subject tonegative points. No more than 15 points will be awarded in this category. Only one point award will be available in each of the subcategories (a-h) listed below. Site amenity points are not applicable to projects that apply and are awarded under the Native American apportionment. However,for those applicants unsuccessful in the apportionment and considered under the Rural set-aside, site amenity scoring will be applicable.

10 Points

0N/A

(select one)

0

(select one if applicable)

(Select one)

0

N/A

Maximum 15 Points

3 Points

Maximum 10 Points


Amenities may include:

a) Transit

(i) Located where there is a bus rapid transit station, light rail station, commuter rail station, ferry terminal, bus station, or public bus stop within 1/3 mile of the project site with service at least every 30 minutes during the hours of 7-9 a.m. and 4-6 p.m. Monday through Friday (or at least two departures during each peak period for the commuter rail station or ferry terminal), and the project’s density exceeds 25 units per acre.

(ii) The project site is within 1/3 mile of a bus rapid transit station, light rail station, commuter rail station, ferry terminal, bus station, or public bus stop with service at least every 30 minutes during the hours of 7-9 a.m. and 4-6 p.m. Monday through Friday (or at least two departures during each peak period for the commuter rail station or ferry terminal).

(iii) The project site is within 1/2 mile of a bus rapid transit station, light rail station, commuter rail station, ferry terminal, bus station, or public bus stop with service at least every 30 minutes during the hours of7-9 a.m. and 4-6 p.m. Monday through Friday (or at least two departures during each peak period for the commuter rail station or ferry terminal).

(iv) The project site is within 1/3 mile of a bus rapid transit station, light rail station, commuter rail station, ferry terminal, bus station, or public bus stop. (For rural set-aside projects, these points may be awarded where van or dial-a-ride service is provided to tenants.)

(v) The project site is within 1/2 mile of a bus rapid transit station, light rail station, commuter rail station, ferry terminal, bus station, or public bus stop.

Select one:

In addition to meeting one of the categories above (i through v), points are available to applicants committingto provide residents free transit passes or discounted passes to each rent restricted unit for at least 15 years:

Select one:

Total Points for Transit Amenity:

b) Public Park

(i)

Joint-use agreement (if yes, please provide a copy)

(ii) The site is within 3/4 mile (1.5 miles for Rural set-aside).

Select one:

Total Points for Public Park Amenity:

N/A

7 Points

6 Points

5 Points

0

N/A

2 Points

N/A

The site is within 1/2 mile of a public park (1 mile for Rural set-aside projects) (not including school grounds unless there is a bona fide, formal joint-use agreement between the jurisdiction responsible for the park’s/recreation facilities and the school district or private school providing availability to the general public of the school grounds and/or facilities) or a community center accessible to the general public.

N/A

N/A

A private bus or transit system providing free service may be substituted with prior approval from the CTCAC Executive Director. This prior approval must be received before the application deadline and the bus or transit system must meet the relevant headway and distance criteria stated above. If pre-approved, select applicable point category above.

4 Points

3 Points

3 Points

0


c) Book-Lending Public Library

(i) The site is within 1/2 mile of a book-lending public library that also allows for inter-branchlending when in a multi-branch system (1 mile for Rural set-aside projects).

(ii) The site is within 1 mile of a book-lending public library that also allows for inter-branchlending when in a multi-branch system (2 miles for Rural set-aside projects).

Select one:

Total Points for Public Library Amenity:

d) Full-Scale Grocery Store, Supermarket, Neighborhood Market, or Farmers' MarketPlease refer to Checklist Items for supporting documentation requirements

(i)

(ii)

(iii)

(iv)

(v)

(vi) The site is within 1/2 mile of a weekly farmers' market certified by the California Federation of Certified Farmers' Markets, and operating at least 5 months in a calendar year.

(vii) The site is within 1 mile of a weekly farmers' market certified by the California Federation of Certified Farmers' Markets, and operating at least 5 months in a calendar year.

Select one:

Total Points for Full-Scale Grocery Store/Supermarket or Convenience Market Amenity:

The site is within 1/2 mile of a neighborhood market of 5,000 gross interior square feet or more where staples, fresh meat, and fresh produce are sold (1 mile for Rural set-aside projects).

0

3 Points

2 Points

1 Point

The site is within 1/2 mile of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (1 mile for Rural set-aside projects).

The site is within 1/4 mile of a neighborhood market of 5,000 gross interior square feet or more where staples, fresh meat, and fresh produce are sold (1/2 mile for Rural set-aside projects).

3 Points

0

4 Points

4 Points

The site is within 1.5 miles of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (3 miles for Rural set-aside projects).

The site is within 1 mile of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (2 miles for Rural set-aside projects).

N/A

N/A

5 Points

3 Points

2 Points


e) Public Elementary, Middle, or High School

(i)

(ii)

Select one:

Total Points for Public Elementary, Middle, or High School Amenity:

f) Senior Developments: Daily Operated Senior Center

(i)

(ii)

Select one:

Total Points for Daily Operated Senior Center Amenity:

g) Special Needs or SRO Development: Population Specific Service Oriented Facility

(i)

(ii)

Select one:

Total Points for Population Specific Service Oriented Facility Amenity:

h) Medical Clinic or Hospital

(i)

(ii)

Select one:

Total Points for Medical Clinic or Hospital Amenity:

The site is within 1/2 mile (1 mile for Rural Set-aside) of a qualifying medical clinic with a physician, physician's assistant, or nurse practitioner onsite for a minimum of 40 hours each week, or hospital (not merely a private doctor’s office).

The site is within 1 mile (1.5 miles for Rural Set-aside) of a qualifying medical clinic with a physician, physician's assistant, or nurse practitioner onsite for a minimum of 40 hours each week, or hospital (not merely a private doctor’s office).

For a qualifying development, the site is within 1/4 mile of a public elementary school; 1/2 mile of a public middle school; or 1 mile of a public high school (an additional 1/2 mile for each public school type for Rural set-aside projects), and the site is within the attendance area of that school.

N/A

2 Points

0

0

2 Points

N/A

For a special needs or SRO development, the site is located within 1/2 mile of a facility that operates to serve the population living in the development.

0

3 Points

N/A

The project site is located within 1 mile of a facility that operates to serve the population living in the development.

2 Points

The project site is within 3/4 mile of a daily operated senior center or a facility offering daily services to seniors (not on the project site) (1.5 miles for Rural Set-aside).

N/A

3 Points

For a senior development the project site is within 1/2 mile of a daily operated senior center or a facility offering daily services to seniors (not on the project site) (1 mile for Rural set-aside).

3 Points

3 Points

0

2 PointsThe site is within 3/4 mile of a public elementary school; 1 mile of a public middle school; or 1.5 miles of a public high school (an additional 1/2 mile for each public school type for Rural set-aside projects), and the site is within the attendance area of that school.


i) Pharmacy

(i)

(ii)

Select one:

Total Points for Pharmacy:

j) In-unit High Speed Internet Service

(i)

(ii)

Select one:

Total Points for Internet Service:

Total Points for Site Amenities:

The site is within 1 mile of a pharmacy (2 miles for Rural Set-aside). (This category may be combined with the other site amenities above).

N/A

0

2 Points

N/A

3 Points

0

The site is within 1/2 mile of a pharmacy (1 mile for Rural Set-aside). (This category may be combined with the other site amenities above).

2 Points

0

High speed internet service with a 768 kilobits/second capacity provided in each unit free of charge to the tenants for a minimum of 15 years, and available within 6 months of the project's placed-in-service date. If internet service is selected, it must be provided even if it is not needed for points.

1 Point

Rural set-aside only: High speed internet service with a 768 kilobits/second capacity provided in each unit free of charge to the tenants for a minimum of 15 years, and available within 6 months of the project's placed-in-service date. If internet service is selected, it must be provided even if it is not needed for points.


Site Amenity Contact List:

Amenity Name: Amenity Name:Address: Address:City, Zip City, ZipContact Person: Contact Person:Phone: Ext.: Phone: Ext.:Amenity Type: Amenity Type:Website: Website:Distance in miles: Distance in miles:






D(2) Service Amenities

No more than 10 points will be awarded in this category. The service budget spreadsheet must be completed. Amenities may include, but are not limited to:

a) Large Family, Senior, At-Risk projects:(1)

Service Coordinator as listed above, except:Minimum ratio of 1 FTE Service Coordinator to 1,000 bedrooms.

(2)

Except as provided below and in Reg. Section 10325(c)(5)(B), in order to receive points in this category physical space for service amenities must be available when the development is placed-in-service. Services space must be located inside the project and provide sufficient square footage, accessibility and privacy to accommodate the proposed services. The amenities must be available within 6 months of the project’s placed-in-service date. Applicants must commit that services will be provided for a period of 15 years.

Service Coordinator. Responsibilities must include, but are not limited to: (a) providing tenants with information about available services in the community, (b) assisting tenants to access services through referral and advocacy, and (c) organizing community-building and/or other enrichment activities for tenants (such as holiday events, tenant council, etc.). Minimum ratio of 1 Full Time Equivalent (FTE) Service Coordinator to 600 bedrooms.

N/A

Items 1 through 6 are applicable to Large Family, Senior, and At-Risk projects. Items 7 through 12 are applicable to Special Needs and SRO projects. Items 1 through 12 are mutually exclusive. One proposed service may not receive points under two different categories.

Projects that provide high-quality services designed to improve the quality of life for tenants are eligible to receive points for service amenities. Services must be appropriate to meet the needs of the tenant population served and designed to generate positive changes in the lives of tenants. An application proposing a project located on multiple scattered sites (all sites within a five-mile diameter range) shall be scored proportionately in the site and service amenities based upon (i) each site’s score, and (ii) the percentage of units represented by each site, except that for scattered site projects of less than 20 units, service amenities shall be scored in the aggregate across all

Other Services Specialist. Must provide individualized assistance, counseling and/or advocacy to tenants, such as to assist them to access education, secure employment, secure benefits, gain skills or improve health and wellness. Includes, but is not limited to: Vocational/Employment Counselor, ADL or Supported Living Specialist, Substance Abuse or Mental Health Counselor, Peer Counselor, Domestic Violence Counselor. Minimum ratio of 1 FTE Services Specialist to 600 bedrooms.

All services must be of a regular and ongoing nature and provided to tenants free of charge (except for day care services or any charges required by law). Services must be provided on-site except that projects may use off-site services within 1/2 mile of the development (1 1/2 mile for Rural set-aside projects) provided that they have a written agreement with the service provider enabling the development’s tenants to use the services free of charge (except for day care and any charges required by law) and that demonstrate that provision of on-site services would be duplicative. All organizations providing services for which the project is claiming service amenities points must have at least 24 months experience providing services to one of the target populations to be served by the project.

N/A 5 points

3 points

5 points

Applications must include a services sources and uses budget clearly describing all anticipated income and expenses associated with the services program and that aligns with the services commitments provided (i.e. contracts, MOUs, letters, etc.) Applications shall receive points for services only if the proposed services budget adequately accounts for the level of service. The budgeted amount must reasonably be expected to cover the costs of the proposed level of service. PLEASE REFER TO REGULATION SECTION 10325(c)(5)(B) FOR COMPLETE SERVICE AMENITY POINTS REQUIREMENTS.

Maximum 10 Points

N/A


Other Services Specialist as listed above, except: Minimum ratio of 1 FTE Services Specialist to 1,000 bedrooms.

(3)

Adult educational, health & wellness, or skill building classes as listed above, except: Minimum of 60 hours instruction each year (30 hours for small developments).

Adult educational, health & wellness, or skill building classes as listed above, except: Minimum of 36 hours instruction each year (18 hours for small developments).

(4)

Health and wellness services and programs as listed above, except: Minimum of 60 hours of services per year for each 100 bedrooms.


(5)

(6)

After school program for school age children as listed above, except: Minimum of 6 hours per week, offered weekdays throughout the school year.


b) Special Needs and SRO projects:(7)

Case Manager as listed above, except:Minimum ratio of 1 FTE Case Manager to 160 bedrooms.

5 points

N/A

N/A

7 points

3 points

Health and wellness services and programs. Such services and programs shall provide individualized support to tenants (not group classes) and need not be provided by licensed individuals or organizations. Includes, but is not limited to visiting nurses programs, intergenerational visiting programs, or senior companion programs. Minimum of 100 hours of services per year for each 100 bedrooms.

2 points

N/A

N/A

N/A 2 points

Adult educational, health and wellness, or skill building classes. Includes but is not limited to: financial literacy, computer training, home-buyer education, GED, resume building, ESL, nutrition, exercise, health information/awareness, art, parenting, on-site food cultivation and preparation, and smoking cessation classes. Minimum of 84 hours instruction each year (42 hours for small developments of 20 units or less).

3 points

N/A

Licensed child care. Shall be available 20 hours or more per week, Monday through Friday, to residents of the development. (Only for large family projects or other projects in which at least 25% of units are 3 bedrooms or larger.)

3 points

N/A

N/A

N/A

N/A

5 points

3 points

N/A 5 points

3 points

5 points

5 points

N/A

After school program for school age children. Includes, but is not limited to tutoring, mentoring, homework club, art and recreational activities. (Only for large family projects or other projects in which at least 25% of units are 3 bedrooms or larger). Minimum of 10 hours per week, offered weekdays throughout the school year.

N/A Case Manager. Responsibilities must include (but are not limited to) working with tenants to develop and implement an individualized service plan, goal plan or independent living plan. Minimum ratio of 1 Full Time Equivalent (FTE) Case Manager to 100 bedrooms.


(8)

Service Coordinator or Other Services Specialist as listed above, except:Minimum ratio of 1 FTE Case Manager to 600 bedrooms.

(9)

Adult educational, health & wellness, or skill building classes as listed above, except: Minimum of 60 hours of instruction each year (30 hours for small developments).


(10)

(11)

(12)



The service budget spreadsheet must be completed. Total Points for Service Amenities:

3 points

N/A

Adult educational, health and wellness, or skill building classes. Includes but is not limited to: financial literacy, computer training, home-buyer education, GED, resume building, ESL, nutrition, exercise, health information/awareness, art, parenting, on-site food cultivation and preparation, and smoking cessation classes. Minimum of 84 hours of instruction each year (42 hours for small developments of 20 units or less).

5 points

N/A

N/A

N/A

2 points

2 pointsN/A

3 points

N/A

N/A 5 points

N/A

5 points

Service Coordinator or Other Services Specialist. Service coordinator responsibilities shall include, but are not limited to: (a) providing tenants with information about available services in the community, (b) assisting tenants to access services through referral and advocacy, and (c) organizing community-building and/or other enrichment activities for tenants (such as holiday events, tenant council, etc.). Other services specialist must provide individualized assistance, counseling and/or advocacy to tenants, such as to assist them to access education, secure employment, secure benefits, gain skills or improve health and wellness. Includes, but is not limited to: Vocational/Employment Counselor, ADL or Supported Living Specialist, Substance Abuse or Mental Health Counselor, Peer Counselor, Domestic Violence Counselor. Minimum ratio of 1 FTE Service Coordinator or Other Services Specialist to 360 bedrooms.


5 points

N/A Health or behavioral health services provided by appropriately-licensed organization or individual. Includes but is not limited to: health clinic, adult day health center, medication management services, mental health services and treatment, substance abuse services and treatment.

N/A After school program for school age children. Includes, but is not limited to tutoring, mentoring, homework club, art and recreational activities. (Only for large family projects or other projects in which at least 30% of units are 3 bedrooms or larger). Minimum of 10 hours per week, offered weekdays throughout the school year.

5 points

3 points

0


E. Sustainable Building Methods REVIEW REG. SECTION 10325(c)(6) BEFORE PROCEEDINGAPPLICANTS WILL BE HELD TO REGULATORY REQUIREMENTS. THE APPLICATION MAYCONTAIN ABBREVIATED DESCRIPTIONS OF THE REQUIREMENTS FOR THIS SECTION.

E(1) New Construction and Adaptive Reuse projects select from the following features:a.

0 Points

b. ENERGY EFFICIENCYEITHER: Energy efficiency as indicated in Reg. Section 10325(c)(6)(B) beyond the requirements in

the 2016 Title 24, Part 6 of the California Building Code (2016 Standards):Better than the 2016 Standards 0 Points

If the local building department has determined that building permit applications submitted on or before December 31, 2016 are complete, then energy efficiency beyond the requirements in the 2013 Title 24, Part 6 of the California Building Code (2013 Standards)Better than the 2013 Standards 0 Points

OR: Energy efficiency with renewable energy that provides the following percentages of project tenants' energy loads:Low Rise (1-3 habitable stories) 0 Points

Multifamily of 4+ habitable stories 0 Points

E(2) Rehabilitation projects select from the following features:a.

0 Points

b.

Improvement over current:0 Points

c. Additional rehabilitation project measures (chose one or more of the following three categories):

1. PHOTOVOLTAIC / SOLAR 0 Points

2. SUSTAINABLE BUILDING MANAGEMENT PRACTICES, INCLUDING BOTH OF THE FOLLOWING: 0 PointsDevelop project-specific maintenance manual, including information on all energy and green building featuresUndertake formal building systems commissioning, retro-commissioning, or re-commissioning

3. 0 Points

E(3) New Construction and Rehabilitation projects:d. WATER EFFICIENCY: 0 Points

To receive these points, the applicant and the project architect must certify in the application which of the above items will be included in the project’s design and specifications, and further must certify at the project’s placed-in-service date that the items were completed.In addition, certain point categories require completion of the TCAC Sustainable Building Method Workbook and accompanying documentation by a qualified energy analyst at application and placed-in-service stages. Refer to Reg. Section 10325(c)(6), Checklist Item Tab 25, and the TCAC website for requirements related to the TCAC Sustainable Building Method Workbook. Refer to Reg. Section 10325(c)(6)(G) for specific Compliance and Verification requirements. Projects receiving points under this category that fail to meet the requirements of Reg. Section 10325(c)(6) will be subject to negative points under Section 10325(c)(3).

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A INDIVIDUALLY METER (OR SUB-METER CURRENT MASTER-METERED) GAS, ELECTRICITY, OR CENTRAL HOT WATER SYSTEMS FOR ALL TENANTS

N/A

N/A

Develop the project in accordance with the minimum requirements with any one of the following programs:


N/A

N/A

Maximum 5 Points

N/A

N/A

N/A

Rehabilitate to improve energy efficiency; points awarded based on percentage decrease in estimated Time Dependent Valuation energy use post-rehabilitation:

N/A


Total Points For Sustainable Building Methods: 0


F. Lowest IncomeF(1) Lowest Income Restriction for All UnitsThe “Percent of Area Median Income” category may be used only once. For instance, 50% of Income Targeted Units to Total Tax Credit Units at 50% of Area Median Income (AMI) cannot be used twice for 100% at 50% and receive 50 points, nor can 50% of Income Targeted Units to Total Tax Credit Units at 50% of Area Median Income for 25 points and 40% of Income Targeted Units to Total Units at 50% of Area Median Income be used for an additional 20 points. However, the “Percent of Income Targeted Units” may be used multiple times. For example, 50% of Targeted Units at 50% of Area Median Income for 25 points may be combined with another 50% of Targeted Units at 45% of Area Median Income to achieve the maximum points. All projects must score at least 45 points in this category to be eligible for 9% Tax Credit.RESYNDICATION PROJECTS CHOOSING HOLD HARMLESS RENTS CANNOT RECEIVE LOWEST INCOME POINTS FOR HOLD HARMLESS RENTS. CURRENT RENT LIMITS MUST BE USED FOR LOWEST INCOME POINT SCORING.*Only projects competing in the Rural Set-aside may use the 55% AMI column and selected targeting in the 50% AMI column.**60% AMI is included as a place-holder and will not receive any additional points.

55%35

47.545

25

*55%

0

32.560%0

45%**60%

65%70%

00

80%

40

50%0

4035 37.5

50 Points

37.5

17.522.5

12.5

15

27.530

42.5 45

35%

47.5

1015

15

32.535

2.5

30

5

42.5

12.51020

17.5

15

75%45

50

20

25

2027.5

017.5

22.5

22.527.5

15

40%17.5

0 1012.510

30%15

17.5

Percent of Area Median Income (AMI)

20

0

25% 0

05 7.5

Percent of Income Targeted Units to Total Tax Credit

Units (exclusive of mgr.’s units)

0

7.520%

50%

10%

12.5

15%

35%

32.5

22.5

45%30

2522.5*25*0

00

12.57.5

37.530 35

27.5

25

32.5

17.5

20

Maximum 52 Points

0

30%

4042.5

40%


Total Points Requested:*IF 60% AMI UNITS ARE LESS THAN 10% OF TOTAL UNITS, LEAVE CELL E660 BLANK.

F(2) Lowest Income for 10% of Total Restricted Units at 30% AMIA project that agrees to have at least 10% of its units available for tenants with incomes no greater than 30% AMI and

agrees to restrict the rents on those units accordingly can receive two additional points. The 30% AMI units must be spreadacross the various bedroom sizes, starting with the largest bedroom count units (e.g. four bedroom units) and working down to the smaller bedroom count units, assuring that at least 10% of the larger units are proposed at 30% AMI. So long as theproject meets the 10% standard as a whole, the 10% standard need not be met among all of the smaller units. TCAC maycorrect applicant errors in carrying out this largest-to-smallest unit protocol.

Lowest Income for 10% of Total Restricted Units at 30% AMI Points:

Total Points for Lowest Income:

0

0.00000

Consolidate your units before entering your information into the tableDo not enter any non-qualifying units into the table

0

0

Points Earned0

SRO

0

0 0.0000

02 BR

Percentage of Units to Total Units

(before rounding down)

Percent of Area Median Income

(AMI)(30%- 55%)*

3 BR

-

Number of Targeted Tax Credit Units

60

0.00

0

50

5 BR

00

0

4 BR

01 BR

0.000.00

35

0 -Rural only

045

0.0030

Percent of Income Targeted Units to

Total Tax Credit Units (exclusive of mgr.’s

units)

0.000

0

0

0.0000

00

0 -Rural only

40

0.000

0

00

0 0

Number of Targeted Tax

Credit Units @ 30% AMI

Percentage of Units to Total

Units (by bedroom size)

Total Number of Tax Credit Units

per Bedroom Size

0.000

Bedroom Selection

2 Points

0.0000

0.00000

0

0

0Total: 0

0 00.0000

0.00


G. Readiness to ProceedPoints are available to applications documenting each of the categories below, up to a maximum of 15 points. Within the application the following must be delivered (see Regulation Section 10325(c)(8) and the Checklist Items for additional information):

Readiness to Proceed Maximum 15 Points

(i) Enforceable commitment for all construction financing, as evidenced by executed 5 pointscommitment and payment of commitment fees

(ii) Evidence, as verified by the appropriate officials, that all environmental review clearances 5 points(CEQA, NEPA, applicable tribal land environmental reviews) necessary to begin construction, except for clearances related to loans with must pay debt service for which the applicant is not seeking public funds points or tiebreaker benefit (except the Tranche B calculation),are either finally approved or unnecessary

(iii) All necessary public or tribal land use approvals subject to the discretion of local or tribal elected officials 5 points

15 points will be available to projects that document all of the above and are able to begin construction within 180 days of the Credit Reservation, as evidenced by submission of the following within 180 days* of the Credit Reservation: updated application form and explanation of changes, executed construction contract, breakdown of lender-approved construction costs, recorded deeds oftrust for all construction financing, binding commitments for permanent financing and any other required financing, a limited partnershipagreement executed by the general partner and the investor providing the equity, payment of all construction lender fees, issuance of building permits (see TCAC Regulation Section 10325(c)(8) for additional guidance), and notice to proceed delivered to the contractor. If no construction lender is involved, evidence must be submitted within 180 days after the Credit Reservation is made that the equity partner has been admitted to the ownership entity and that an initial disbursement of funds has occurred. Failure to meet this timeline will result in rescission of the Credit Reservation. In addition to the above, all applicants receiving any points under this subsection must provide an executedLetter of Intent (LOI) from the project's equity partner within 90 days of the credit reservation. The LOI must include those featurescalled for in the CTCAC application (See Appendix for requirements).

In the event that one or more of the above criteria have NOT been met, 5 points may be awarded for each one that has been met.In such cases, the 180-day requirements shall not apply to projects that do not obtain the maximum points in this category.The 90-day requirements apply to all projects requesting any points under this category.

*After the Credit Reservation date TCAC will randomly assign a 180 day deadline for half of the awarded projects and a 194 day deadlinefor the remaining half of the projects.

Total Points for Readiness to Proceed:

N/A

N/A

0

N/A


H. Miscellaneous Federal and State Policies Maximum 2 Points

(i) For applicants that agree that the Committee may exchange Federal Tax Credits for 2 PointsState Tax Credits in an amount that will yield equal equity as if only Federal Tax Credits were awarded.

(ii) Enhanced Accessibility and Visitability. Project design incorporates California Building Code 2 PointsChapter 11(B) and the principles of Universal Designed listed in Reg. Section 10325(c)(9)(B)in at least half of the project's units.

(iii) Smoke Free Residence. The proposed project will have at least 1 nonsmoking building and 2 Pointsincorporate prohibition of smoking into the lease agreements for the affected units. If a singlebuilding project, the project will designate contiguous units as nonsmoking.

(iv) Historic Preservation. The project proposes to incorporate historic tax credits. 1 Point

(v) Revitalization Area Project. The project is located within a QCT, a census tract in which 2 Pointsat least 50% of the households have an income of less than 60% AMI, or a federal Promise Zone. The development will contribute to a concerted community revitalization plan as demonstrated by a letter from a local government official.

(vi) Eventual Tenant Ownership. The project proposes to make tax credit units available for 1 Pointeventual tenant ownership.

Total Points for Miscellaneous Federal and State Policies:

N/A

N/A

N/A

0

N/A

N/A

N/A


A. Cost Efficiency, Credit Reduction, & Public FundsA(1) Cost EfficiencyA(2) Credit ReductionA(3) Public Funds

B. General Partner & Management Company Experience A(1) General Partner ExperienceA(2) Management Company Experience

C. Housing Needs D. Site & Service Amenities

D(1) Site Amenities D(2) Service Amenities

E. Sustainable Building Methods F. Lowest Income & 10% of Units Restricted @ 30% AMI

F(1) Lowest Income F(2) 10% of Units Restricted @ 30% AMI

G. Readiness to Proceed H. Miscellaneous Federal and State Policies*Negative Points (if any, please enter amount:)

Total Points:

Total Possible Points: 138, Minimum Point Threshold: 117

*Negative points given to general partners, co-developers, management agents, consultants, or any member or agent of the Development Team may remain in effect for up to two calendar years, but in no event shall be in effect for less than one funding round. Furthermore, negative points may be assigned to one or more Development Team members, but do not necessarily apply to the entire Team. Negative points assigned by the Executive Director may be appealed to the Committee under appeal procedures enumerated in the regulations.

0 20

APPLICANT POINTS

0

TOTALPOINTS

0

20

10

0.0 52.00

00

15

0

2000

MAXIMUM POINTS

0

0

0

0

50.0

105

0

0.0

215

20

0

0

0.0

0

2

NO MAX

60

00

0

3

25

9

0

0

VI. POINTS SYSTEM - SECTION 2: POINTS SYSTEM SUMMARY

0.0

Service Amenities Sources and Uses Budget

April 28, 2017 Version 43 Service Amenities Budget 6/1/2017

Name of Applicant: Number of low income units in project: 0Name of Project: Number of low income bedrooms: 0

Housing type: (select one)

Family, Senior or At-Risk Projects1. Service Coordinator2. Other Services Specialist3. Adult education, health, skill building classes4. Health and wellness services and programs5. Licensed child care6. After school programSpecial Needs or SRO projects7. Case manager8. Service Coordinator or Other Services Specialist9. Adult education, health, skill building classes10. Health or behavioral health services11. Licensed child care*12. After school program*

Other Services:

TOTAL $0

1 Applicants proposing to provide item #10 do not need to provide this information. Items 5, 6, 11, 12 may be shown as # of Hours per Week. 1 FTE = 2,080 hours per year.2 Committed documentation (letter, MOU, contract) MUST be attached in Exhibit 24 and MUST describe service quantity and dollar amounts consistent with this budget.

Name of Service ProviderTotal Dollars Committed

Cash Flow from Operation, Grant, In Kind,

or Others

Type of Commitment Attached (e.g. letter, MOU, contract)2

Complete the yellow-shaded areas of the services budget below, including information on the source and use of each service funding commitment. Do not alter the format of this spreadsheet. Rows may be added as needed to provide additional details regarding the services to be provided.

VI. POINTS SYSTEM - SECTION 3: SERVICE AMENITIES SOURCES AND USES BUDGET

Services to be Provided

00

Quantity of Services

Committed (Hours/Yr or

FTE)1

April 28, 2017 Version 44 Final Tie Breaker Self-Score 6/1/2017

This section is included in the application for self-scoring. Be aware that TCAC will use self scores to determine which projects undergo furtherreview in the competition, including the verification of self scores, for possible reservation of tax credits. TCAC will not verify or evaluate everyproject’s self score. Project’s that self score too low to successfully compete for a reservation of tax credits will not undergo any further reviewby TCAC.

Review TCAC Reg. Section 10325(c)(10). Provide evidence of committed permanent public funds in Tab 20 and evidence of public subsidies, if any, in Tab 17.

Projects with commercial/non-residential costs will have committed public funds discounted by the percentage of the project proposed to becommercial or non-residential.

Ineligible off-site costs should be excluded from both numerators and denominators. Enter a positive number for the "Ineligible Offsites" under the list of leveraged soft financing below. Ineligible Off-site costs will be automatically excluded from both the numerators and the denominators.

Evidence of land value is required (see Tab 1). The value of the land per TCAC Regulations must be included in "Total residential project developmentcosts" below as evidenced in Tab 1 of the application. Donated land value must be included in Total Project Cost and the Sources and Uses Budget.

Final Tie Breaker Formula:

Total residential project development costs

SOFT FINANCING BASIS REDUCTIONTranche B, if applicable (calculate below) $0 Total basis reductionTotal donated land valueTotal fee waiversList leveraged soft financing excluding donated land and fee waivers:

Less: Ineligible OffsitesTotal leveraged soft financing excluding donated land and fee waivers $0

TOTAL $0

MIXED USE PROJECTSFor mixed-use projects, the permanent public fund numerator must be discounted/reduced by the mixed-use ratio below.Mixed-use projects: Total commercial cost / Total project cost:THE PRORATED COMMERCIAL COST DEDUCTION TO SOFT FUNDS MUST BE CALCULATED FIRST, BEFORE APPLYING ANY SUBSIDY ADJUSTMENT/INCREASE TO THENUMERATOR (REGULATION SECTION 10325(c)(10)(A)). TCAC staff may adjust this ratio as deemed appropriate.Sample formula (commercial costs) for numerator Committed permanent soft funds defraying residential costs =(G44)*(1-J49)

SIZE FACTORNew construction

Tax credit units: 0

$0

#DIV/0!

VII. TIE BREAKER SYSTEM - FINAL TIE BREAKER SELF-SCORE

Committed, permanent, leveraged soft financing defraying residential costs X size factor X subsidy percentage factor

Requested unadjusted eligible basis + amount of basis reduction up to leveraged soft

financing exclusive of donated land and fee waivers+ (( 1 ) /3)



Size factor:


RENTAL/OPERATING SUBSIDY BOOSTFor projects with public operating or rental subsidies listed in Reg. Section 10325(c)(10)(A), calculate the percentage increase below and increase the soft funds numerator by the adjustment percentage.Operating and rental subsidies: % of subsidized units: #DIV/0! Subsidy adjustment/increase to permanent public funds numeratorThe number of rental subsidy units and the number of (This adjustment is calculated in the numerator after any commercialoperating subsidy units are cumulative, up to 100%. cost adjustment).

FINAL TIE BREAKER CALCULATIONSoft financing less commercial proration #DIV/0! Requested unadjusted eligible basisSoft financing with size factor #DIV/0!With rental/operating subsidy boost #DIV/0!

#DIV/0!#DIV/0!

Tranche B calculationFor purposes of the public funds points section and the final tie breaker, a Tranche B loan is the lesser of the actual commitment amountor the following. Please note, an application must include a private Tranche B loan supported by a public subsidy to utilize this calculation.Rental Income Differential: Rent Limit:

40% AMI (SRO/SpN)

OR Public Calculated50% AMI Subsidy Annual

Unit Type # of Units (ALL OTHER) Contract Rent RentSRO $0SRO $0SRO $0SRO $0SRO $0SRO $0

TOTAL $0

Rental Income Differential $0Less Vacancy 5.0%Net Rental Income $0Available for debt service @ 1.15 DSC ratio: $0

Loan term (years) 15Interest rate (annual) 6.0%DSC ratio 1.15

Loan amount per TCACunderwriting standards: $0

Actual Tranche Bloan amount:

#DIV/0!#DIV/0!

#DIV/0!

$0

#DIV/0! + (( 1 ) /3) =

April 28, 2017 Version 46 15 Year Pro Forma

15 YEAR PROJECT CASH FLOW PROJECTIONS - Refer to TCAC Regulation Sections 10322(h)(22), 10325(f)(5), 10326(g)(4), 10327(f) and (g).

REVENUE MULTIPLIER YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 YEAR 11 YEAR 12 YEAR 13 YEAR 14 YEAR 15Gross Rent 1.025 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Less Vacancy 5.00% 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Rental Subsidy 1.025 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Less Vacancy 5.00% 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Miscellaneous Income 1.025 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Less Vacancy 5.00% 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Total Revenue $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

EXPENSESOperating Expenses: 1.035Administrative $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Management 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Utilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Payroll & Payroll Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Maintenance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Other Operating Expenses (specify): 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Total Operating Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Tenant Internet Expense* 1.035 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Service Amenities 1.035 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Replacement Reserve 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Real Estate Taxes 1.020 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Other (Specify): 1.035 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Other (Specify): 1.035 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Cash Flow Prior to Debt Service $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

MUST PAY DEBT SERVICE0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Debt Service $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Cash Flow After Debt Service $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Percent of Gross Revenue #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!25% Debt Service Test #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Debt Coverage Ratio #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

OTHER FEES**GP Partnership Management FeeLP Asset Management FeeIncentive Management Fee

Total Other Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Remaining Cash Flow $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Deferred Developer Fee**

Residual or Soft Debt Payments**

*9% and 4% + state credit applications should include the cost of tenant internet service if requested in the Points System site amenity section.

**Other Fees and all payments made from cash flow after must pay debt should be completed according to the terms of the partnership agreement (or equivalent ownership entity terms). Please re-order line items consistent with any "order of priority" terms. These items are to be completed when submitting an updated application for the Carryover, Readiness, Final Reservation, and Placed-in-Service deadlines.

April 28, 2017 Version 47 Subsidy Contract Calculation

Bedroom Type Number of Units

Proposed Monthly Rent

per Unit Less Utility Allowance*

Subsidy Contract

Monthly Rent per Unit

Less Utility Allowance*

Total Subsidy Contract

Monthly Rent (b x e)

Subsidy Contract

Monthly Rent in Excess of Tax

Credit Proposed Monthly Rent

Subsidy Contract Total Rent in Excess of Tax Credit


0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

ANNUAL TOTAL RENT $0 $0 $0

DOUBLE CHECK $0

*This spreadsheet assumes a subsidy contract with a utility allowance. If the project's subsidy contract is gross, please adjust the column headings and cells accordingly.

Rental Subsidy Contract by Unit

“Post-award Project Cost Changes” tracks project cost changes over the development period. Applicants should use this spreadsheet to track and explain changes to project costs between application and completion. In order to use this spreadsheet, you can break the link to the original application Sources and Uses Budget before updating the application for carryover submission.

1. Go down the column “ORIGINAL APPLICATION TOTAL PROJECT COST – RESIDENTIAL” and highlight all yellow-colored cells. 2. Right click (or use a keyboard shortcut) to COPY. 3. Right click again and select PASTE SPECIAL. Choose PASTE VALUES. This will break the links to the Sources and Uses Budget for thi 4. When you update the Sources and Uses Budget for the first time, columns C and D will update and the “ORIGINAL APPLICATION TOTA will retain the original application numbers. Repeat steps 1-3 when submitting the placed in service application, to keep the updated Readi

5. When submitting the placed in service application, change the Cost Variance formula cells to a D-B formula (example: the formula in E5 be 6. Make any necessary notes detailing reasons for changes to the costs in the “NOTES” column.

April 28, 2017 Version 1 SCE Basis and Credits 6/1/2017




Total Ineligible Amounts:Total Eligible Basis Amount Voluntarily Excluded:





**Total Credit Reduction:Total Adjusted Qualified Basis:

*130% boost if your project is located in a DDA or QCT, or Reg. Section 10317(d) as applicable.(Boost is auto calculated from your selection in: II. APPLICATION - SECTION 2: GENERAL AND SUMMARY INFORMATION - B)**to be calculated in: "Points System". See Checklist.




BASIS AND CREDITS - EXCHANGE OF FEDERAL CREDIT FOR STATE CREDIT (SCE)

70% PVC for New



100% 100%

New Construction

/Rehabilitation Acquisition

9.00% 3.23%


Subtract (specify other ineligible amounts):Subtract (specify other ineligible amounts):


April 28, 2017 Version 2 SCE Basis and Credits 6/1/2017




D. Determination of State Credit State Adjusted Qualified Basis






30% 13%


If Applying For State Credit Complete Section (D) & (E)

NC/Rehab


$0

Acquisition

April 28, 2017 Version 1 FCE Basis and Credits 6/1/2017






Total Adjusted Threshold Basis Limit:Qualified Census Tract (QCT) or Difficult to Develop Area (DDA) Adjustment:



*Total Credit Reduction:Total Adjusted Qualified Basis:

*to be calculated in: "Points System". See Checklist.




BASIS AND CREDITS - EXCHANGE OF STATE CREDIT FOR FEDERAL CREDIT (FCE)

70% PVC for New




130% 100%

New Construction


9.00% 3.23%



April 28, 2017 Version 2 FCE Basis and Credits 6/1/2017





April 28, 2017 Version 22 Post-award Project Cost Changes 6/1/2017

SOURCES AND USES BUDGET COMPARISONORIGINAL

APPLICATION TOTAL

PROJECTCOST -

RESIDENTIAL

READINESS TOTAL

PROJECTCOST -

RESIDENTIAL

PLACED IN SERVICE TOTAL

PROJECTCOST -

RESIDENTIALCOST

VARIANCE NOTESLAND COST/ACQUISITION

Land Cost or ValueDemolition

LegalLand Lease Rent Prepayment

Total Land Cost or ValueExisting Improvements Value

Off-Site ImprovementsTotal Acquisition Cost

Total Land Cost / Acquisition CostPredevelopment Interest/Holding Cost

Assumed, Accrued Interest on Existing Debt (Rehab/Acq)

Other: (Specify)REHABILITATION

Site WorkStructures










DesignSupervision




Bond PremiumTitle & Recording

TaxesInsurance












Total Reserve CostsAPPRAISAL

Total Appraisal CostsTotal Contingency Cost

OTHER PROJECT COSTSTCAC App/Allocation/Monitoring Fees

Environmental AuditLocal Development Impact Fees

Permit Processing FeesCapital Fees

MarketingFurnishings

Market StudyAccounting/Reimbursables

Soft Cost ContingencyOther: (Specify)

April 28, 2017 Version 23 Post-award Project Cost Changes 6/1/2017

SOURCES AND USES BUDGET COMPARISONORIGINAL

APPLICATION TOTAL

PROJECTCOST -

RESIDENTIAL

READINESS TOTAL

PROJECTCOST -

RESIDENTIAL


PROJECTCOST -

RESIDENTIALCOST

VARIANCE NOTESOther: (Specify)Other: (Specify)Other: (Specify)Other: (Specify)






TOTAL PROJECT COSTS Note: Syndication Costs may not be included as a project cost.

I Instructions


Mail the application materials to TCAC at: 915 Capitol Mall, Room 485, Sacramento, CA 95814.Enclose a $2,000 application filing fee in the form of a check. If the local reviewing agency hasagreed to waive it's $1,000 portion of the fee, enclose written confirmation of this from the local reviewing agency. Refer to the TCAC website for application deadlines:http://www.treasurer.ca.gov/ctcac/meetings/schedule.pdfhttp://www.treasurer.ca.gov/ctcac/2017/lra/index.asp

Should you find any errors in the electronic version, contact [email protected] assistance. For general application questions, please contact the regional analyst.http://www.treasurer.ca.gov/ctcac/assignments.asphttp://www.treasurer.ca.gov/ctcac/contacts.asp






(i) TWO ELECTRONIC VERSIONS OF THE APPLICATION IN THE FORM OF A CD, DVD, ORUSB FLASH DRIVE TO TCAC. THE APPLICATION MUST BE SIGNED AND NOTARIZED.



http://www.treasurer.ca.gov/ctcac/2016/submittals.asp

http://www.treasurer.ca.gov/ctcac/2016/lra.asp









choices provided in the "pull-down" menu for that item. (iii) All applicable cells must be completed by the applicant


c) Sources and Uses BudgetIn this section, the applicant must complete the yellow cells. Permanent Lenders are automatically pulled from a previous section for up to 12 lenders. Be sure each funding sourcetotal at the bottom of the sheet corresponds to the loan totals under Permanent Lenders.

d) Basis and CreditsIn this section, the applicant must only complete any Ineligible Basis items and the applicable tax credit factors that apply to the project as evidenced by the syndication letter (please refer to the checklist for Attachment 16).

e) Points SystemThe applicant should click on each highlighted item, selecting either the automatic "pull-down" option or entering appropriate amounts.

f) Service Amenities BudgetIn this section, the applicant must complete the yellow cells. This section is completed as part of the requirements listed under Attachment 24.

g) Final Tie Breaker Self-ScoreIn this section, the applicant must calculate a final tie breaker self-score. A portion of the calculations in this sheet are pulled from other areas of the application. The applicant must complete the yellow cells. The Final Tie Breaker Self-Score sheet includes written guidance.

h) 15 Year Pro FormaThis sheet is linked to the income and expense section of the Application sheet.Complete all applicable items, making any necessary changes. The worksheet may be adjustedto meet project specifications, but the overall formatting and formulas should not be changed.

i) Checklist ItemsFollowing the checklist items in sequence with the completion of the electronic application isencouraged to help prevent omitting any required documentation.

j) Applicant NotesA blank sheet has been included for any supplemental information the applicant wishes to provide.

k) Post Award Project Cost ChangesIn this section, the applicant provides updated Sources and Uses Budget information over thecourse or the project development. Separate instructions exist for this section at the end of this Excel file.


II Application




3) Federal Credit Amount and State Credit Amount requestedThe annual federal credit amount and the total state credit amount will auto-populate after credits have been calculated in the Basis and Credits sheet.

4) Applicant StatementAfter carefully reading the applicant statement and certification the applicant must provide an an originally signed and notarized applicant certification.





C Credit Amounts RequestedThe annual federal credit amount and the total state credit amount will all be auto-populatedafter credits have been calculated in the Basis and Credits sheet.


E Housing Type Selection (TCAC Reg. Sections 10315(g) & 10325(g))1) Toggle the selected housing type.2) The applicant must select at least one housing type.

a) If you selected Special Needs please list the percentage of Special Needs Units.b) If Special Needs portion is between 50% and 75%, specify other housing type construction

standards to be met.

F Geographic Area (TCAC Reg. Section 10315(h))Select the appropriate TCAC geographic area.












Section 10326(g)(7).2) Select "Yes" or "No" to answer if a New Construction project is proposing demolition.


B Acquisition and Rehabilitation/Rehabilitation-only Projects (including Resyndication projects)Toggle to select the appropriate answers. Answer the questions regarding resyndication, if applicable.


D Project, Land, Building and Unit Information1) Project Type

a) Select the housing type(s) proposedb) All housing types proposed must be identified.c) Identify all buildings with and/or without an elevator.


F Building Information1) Indicate the total number of commercial, rental and community service buildings.2) If Commercial Space, explain the use, size, location, purpose, and reasoning behind the use.3) Indicate if buildings are on a contiguous site.






a) Fill in all highlighted lines. These should be consistent with Attachment 14: Verification of Zoning and Attachment 26: Approvals Necessary to Begin Construction.

2) Development Timetablea) Complete the highlighted line for the estimated timetable for the development and completion of

the project.





Tax-Exempt Bond Financing1) Tax-Exempt Bond Financing

a) If the project receives tax-exempt bond financing for more than 50% of the aggregate basis,enter "Yes"

2) CDLAC Allocationa) Indicate if a CDLAC allocation has been received.

(i) Prior submission to CDLAC is a requirement before applying for tax credits.b) Enter date application was submitted and/or approved at CDLAC.

3) a) Enter estimated date of Bond Issuance.b) Enter percentage of aggregate basis financed by the bonds.c) Name of Bond Issuer will be auto-populated after it has been entered in the "Development Team

Member" section.3) Credit Enhancement Provider

a) Provide the name, phone number and contact person of any entity providing creditenhancement and the type of enhancement provided.




b) The Public Housing Authority (PHA) or the California Energy Commission (CEC) utility allowance listed in the attachments must be the same shown on this page.



B Manager Unit(s)Fill in the appropriate information by unit type in ascending order similar to the low-income units

C Market Rate UnitsFill in the appropriate information by unit type in ascending order similar to the low-income unitsif applicable.



F Monthly Resident Utility Allowance by Unit Size Complete the highlighted cells in the table. Totals will auto-populate as the highlighted cells arecompleted.NOTE: Must match the Utility Allowances provided by the public housing authority (PHA) or



NOTE: All listed items should be annual.2) No depreciation or amortization expenses are allowed.3) Fill in the annual operating expense amounts for the following line items as appropriate:

a) Administrative Expensesb) Management Fee (must be supported by contract document)c) Utilitiesd) Payroll/Payroll Taxese) Maintenancef) Other

4) Total and total per unit will be auto-populated after highlighted cells have been completed.5) Complete all highlighted cells.




Indicate/identify the loan type and grant subsidies that are proposed for the project. Identify theinclusion/exclusion from eligible basis for each subsidy. Funds must be listed according to theactual source of funds. For example, if an agency is providing a loan that includes HOME andCDBG funds, the funding must be listed separately for each source and amount.










V Basis and Credits








2) The federal tax credit factor must match the required syndication letter or tax credit factor certification. ATTACHMENT 16: Terms of Syndication Agreement must include separate tax credit factors forboth federal and state tax credits.

D Determination of State Credit All cells will be auto-populated after highlighted cells have been completed in this section andprevious sections (if applicable).

E Determination of Minimum State Credit Necessary for Feasibility1) Complete the highlighted cell for the state tax credit factor.


2) The state tax credit factor must match the required syndication letter or tax credit factor certification. ATTACHMENT 16: Terms of Syndication Agreement must include a separate tax credit factor forstate tax credits when they are being requested.

VI Points System

Section 1 Points System1) Answer the questions in the cells indicated. If the question does not apply, answer with "N/A"2) Complete only the highlighted cells.3) If the project is a scattered site, please contact TCAC for application instructions.

Section 2 Point System SummaryTotal points achieved is auto-populated by the previous sections in the Points System sheet.

Section 3 Service Amenities Budget1) This sheet is required for applicants requesting service amenity points. 2) For each service point category indicated in the points section, complete columns D through J

as applicable.

VII Final Tie Breaker Self ScoreThis section must be completed. However please note, TCAC will determine each project's finaltiebreaker. If you require additional guidance beyond the instructions included in the sheet, please contact a TCAC analyst.



Applicants must submit all of the application materials electronically on a USB flash drive, CD, or DVD in lieu of the hard copy binders. Electronic submissions have replaced the previous “hard-copy” binders in an effort to enhance consistency of information, increase efficiency, and minimize the amount of paperwork required for a TCAC application. TCAC will not accept submissions of application documents by email or over the internet.



For Attachments 4-28, only Attachment 14 and Attachment 26 must be submitted as PDF versions of original hardcopies. All other attachments may be completed and submitted in their original electronic format utilizing electronic signatures. Attachments 14 and 26 require public agency signatures and cannot utilize e-signatures.


http://www.treasurer.ca.gov/ctcac/assignments.asphttp://www.treasurer.ca.gov/ctcac/contacts.asp





TAB 1







Appraisals are required for: ● all rehabilitation applications except as noted in TCAC Regulation Section 10322(h)(9)(A), ● all competitive applications except for new construction projects that are on tribal land or havea third party purchase contract with, or evidence of a purchase from, an unrelated third party,● all applications seeking competitive points or tiebreaker credit for donated or leased land,● all new construction applications involving a land sale from a related party.



Projects with land donated by or leased from a public entity must submit an appraisal. Land value for a transaction involving an applicant related party must also be supportedby an appraisal. Please review the most current TCAC guidance on scoring requirements for land and improvements prior to application submission.





2017 APPLICATION CHECKLIST - 4% (TAX-EXEMPT BOND FINANCED PROJECTS)REQUESTING FEDERAL AND STATE CREDITS

SUBMIT ONE APPLICATION WITH ATTACHMENTS TO TCAC ANDONE COPY OF THE APPLICATION AND ATTACHMENTS TO THE LOCAL REVIEWING AGENCY



TAB 2

FINANCIAL FEASIBILITY (Part III - Application - Sections 1-4; Part IV)Reg. Section 10326(g)(4) & 10327(c)

Financing plan Reg. Section 10322(h)(16)The financing plan should include sufficient detail outlining construction and permanent financing structures. Projects with land and acquisition costs greater than the appraised value must provide an explanation of the higher cost (if not included in Tab 1). Applications with non-arm's length transactions must demonstrate that the seller is not benefiting from the higher purchase price. The Sources and Uses Budget must includea corresponding funding source for cost in excess of the appraised value and this must demonstrate that there is no effect on the tax credit basis calculation or the "gap" analysis. Projects with existing debt must also document the remaining principal balances of existing loans, and indicate whether the debt will be repaid or transferred to the new partnership. Accrued interest should be documented, and may be estimated as of the application dateor as of the expected date of the permanent financing close.


TCAC developer fee limitations and deferral/equity contribution requirements: confirm project complies with the TCAC limits per Reg. Section 10327(c)(2)(B).


High cost project documentation, if requiredReg. Section 10325(d)


The CUAC estimate is available to new construction projects only. CUAC documentationmust be signed by a CABEC CEA qualifying under Reg. Section 10322(h)(21). Includein Tab 2 CUAC supporting documentation. See http://www.treasurer.ca.gov/ctcac/tax.asp for details. This supporting documentation is required and may be in the form of an electronic file (CD).Reg. Section 10322(h)(21)



For projects with commercial income only: include in Tab 2 a 15 year pro forma ofall commercial revenue and expense projections using TCAC underwriting standards in Reg. Sections 10322(h)(23), 10326(g)(4), and 10327(g)(7).

TAB 3

SET-ASIDE DESIGNATION (Part II - Application - Section 2 - E)IRC Sec. 42(g)(1); California Health and Safety Code Sections 50199.20, 50199.21

Verification of Rural set-aside application: Reg. Section 10322(h)(31)For projects that meet the TCAC definition of Rural and are requesting site amenitypoints using rural distances, applicants must provide evidence that the proposedproject site is located in an eligible rural area.http://www.treasurer.ca.gov/ctcac/2015/methodology.pdf

http://www.treasurer.ca.gov/ctcac/2015/methodology.pdf

TAB 4

HOUSING TYPE - ADDITIONAL THRESHOLD REQUIREMENTS (Part II - Application - Section 2 - F) (Reg. Section 10325(g))

NOTE: Rehabilitation Scattered Site Projects with more than one housing type as permittedby TCAC Reg. Section 10325(c)(4) are scored proportionally based on each site's score and the percentage of units at each site. These projects must provide an Attachment 4 for eachhousing type category.

Large Family Projects Provide evidence of eligibility and include: ATTACHMENT 4(A): Applicant Large Family Eligibility CertificationReg. Sections 10325(g)(1)(A) through (I)

Senior Projects Provide evidence of eligibility and include: ATTACHMENT 4(B): Applicant Senior Eligibility CertificationReg. Sections 10325(g)(2)(A) through (J)

SRO Projects Provide evidence of eligibility and include: ATTACHMENT 4(C): Applicant SRO Eligibility CertificationReg. Sections 10325(g)(3)(A) through (L)

Special Needs Projects Provide evidence of eligibility and include: ATTACHMENT 4(D): Applicant Special Needs Eligibility CertificationIf less than 75% special needs, the non-special needs units shall meet either senior or SROhousing type requirements (including completing the Attachment), or consist of at least 20% 1-bedroom units and 10% larger than 1-bedroom units.Reg. Sections 10325(g)(4)(A) through (L)


Copy of approval letter from Executive Director granting any waivers or exemptions

TAB 5

APPLICANT/DEVELOPMENT TEAM (Part II - Application - Section 3)Reg. Section 10326(g)(5)




If not requesting General Partner Experience points under Tab 21,Provide evidence that a general partner meets the minimum scoring standards of Section 10325(c)(2)(A) and include a signed ATTACHMENT 21: General Partner (G.P.) Experience

Legal status questionnaireProvide evidence of eligibility and include signed: ATTACHMENT 5: Legal Status Questionnaire


TAB 6



If not requesting Management Company Experience points under Tab 22,Provide evidence that the property management company meets the minimum scoring standards of Section 10325(c)(2)(B) and include a signed: ATTACHMENT 22: Management Company Experience


TAB 7





If 10-year rule waiver is necessary, letter from federal official that project qualifies under IRC Section 42(d)(6)Reg. Section 10322(h)(25)(C)

TAB 8


Appraisal Reg. Section 10322(h)(9) and (26)(A)See also TCAC guidance memo:http://www.treasurer.ca.gov/ctcac/2013/guidance.pdf

Applicant is forgoing the appraisal requirement and using an acquisition basis equal to thesum of assumed third party debt encumbering the property. Provide a reasonable proration of land and improvement basis consistent with similar projects in the market area, includinginformation for how this proration was determined, and by whom.Reg. Sections 10322(h)(9) and 10327(c)(6)

Evidence from the applicable third party(ies) of the total outstanding principal balances for the assumed debt.Reg. Section 10322(h)(9)

Purchase contract (if not included in Tab 1)Reg. Section 10322(h)(9)(A)(vi)



A detailed breakdown of the proposed rehabilitation work to be undertaken including the approximate percentage of units and/or percentage of the component/feature to berehabilitated or replaced, and the approximate cost of each corresponding to thestructures line of the development budget of the applicationProvide evidence of eligibility and include: ATTACHMENT 8: Rehabilitation Summary



If the existing regulatory agreement for the resyndication project contains a requirement to provide service amenities, even if that requirement has expired, the project shall provide a similar or greater level of services for a period of at lease 15 years under the new regulatory agreement. A project obtaining maximum CDLAC points for services shall be deemed to have met this requirement. If the project has exhibited cash flow of less than $20,000 for at least each of the last 3 years, has no hard debt and failed to break even in year-15 with services, orwithin the next 5 years will lose a rental or operating subsidy that was factored into the project'sinitial feasibility, the Executive Director may alter this requirement, provided that the serviceexpenditures shall be the maximum that project feasibility allows.


For a 40%/60% federal set-aside election, the applicant may use the hold harmless rent limits only for units targeted and restricted in the new regulatory agreement below 60% AMI.For the 15 Year Pro Forma, the annual 2.5% underwriting increase to income will be delayed (see the rent adjuster delay calculation below).For a 20%/50% federal set-aside election, the applicant may use the hold harmless rent limits only for units targeted and restricted in the new regulatory agreement below 50% AMI.For the 15 Year Pro Forma, the annual 2.5% underwriting increase to income will be delayed (see the rent adjuster delay calculation below).
















Cap rate











(iii) general partner equity, and/or (iv) developer fee contributed to the project (a deferred developer fee does not qualify).




TAB 9







Owner-occupied housing application Reg. Section 10322(h)(29)

TAB 10

Minimum Construction Standards (Part II - Application - Section 5 - D)The applicant statement includes a certification and guarantee that the minimum construction standards will be incorporated into the project. Review allconstruction requirements and the compliance and verification requirementslisted in Attachment 10 and in Reg. Section 10325(f)(7)Reg. Section 10326(g)(6)

New construction projects receiving points from CDLAC pursuant to Section 5230(k)(7) or (8) (for energy efficiency only): a Sustainable Building Method and Energy Efficiency Requirements Workbook and accompanying documentation, to be completed by a qualified energy analyst.





TAB 11

LEAVE BLANK / NOT APPLICABLE

TAB 12


A narrative description of all adjacent property land uses, surrounding neighborhood identification and proximity of services, including transportationReg. Sect.10322(h)(8)(B)

Labeled color photographs or color copies of photos of the subject property and all adjacent properties. Reg. Section 10322(h)(8)(C)






Construction and design description Reg. Section 10322(h)(11)Provide evidence of eligibility and include: ATTACHMENT 12: Construction and Design DescriptionInclude an explanation of any required demolition and off-site improvements, as well as a detailed cost breakdown of these expenses. Off-site improvementcosts must be separated out into the following two categories: (1) project-specific costs qualifying under Reg. Section 10325(c)(1)(C) and (2) all other off-site costs. For off-site costs permitted under Reg. Section 10325(c)(1)(C) as well as for other off-site costs included in the project budget, include sufficient detail in the cost breakdown. Include a description of each off-site type and the corresponding cost.Each cost should also be identified as included or excluded from eligiblebasis. The grand total of the costs and basis must be consistent with the total shown in the Sources and Uses Budget.

Architectural drawings Reg. Section 10322(h)(12)Preliminary drawings of the proposed project, including a site plan that identifies all areas or features proposed as project amenities (laundry, recreational, common space facilities, etc.), building elevations, and unit floor plans Include square footages.


TAB 13





Waiver approval of the market study value ratio requirementReg. Section 10325(f)(1)


All market studies, including the streamlined written statement, shall calculate the project's lifetime rent benefit as follow: 1) find the aggregate difference between current monthly market rents and the project's proposed target rents; 2) multiply the difference by 12 to arrive at an annual rentdifference; and 3) multiply the annual rent difference by 55 years.

TAB 14

REQUIRED APPROVALS (Part II - Application - Section 6)Reg. Section 10326(g)(3)Evidence of local approvals and zoningProvide evidence of eligibility per regulation guidelines and include signed: ATTACHMENT 14: Verification of Zoning

TAB 15

Tax-Exempt Bond Financing Additional Information (Part III - Project Financing - Section 1 - B)Reg. Section 10317(g)(3) and (4) & 10326(e)Provide determination letter or letter requesting TCAC to determine the tax credits.

Verification provided by the bond issuer of the availability of the bond financing, the actual or estimated bond issuance date

Third party tax professional's certification/letter of the actual or estimated percentage of aggregate basis (includes land) financed by the proceeds of tax exempt bonds

Provide the name, phone number and contact person of any entity providing creditenhancement and the type of enhancement provided.

TAB 16

Syndication(Part III - Project Financing - Section 2 - A)Terms of syndication agreement. Use TCAC sample letter.Reg. Sect. 10322(h)(19)Provide evidence of eligibility and include signed: ATTACHMENT 16: Terms of Syndication AgreementIf requesting federal and state tax credits, please include separate tax credit factors/credit pricing for federal and state credits in the agreement.



Use of tax benefits, if credits are not to be syndicatedReg. Sec.10322(h)(18)

TAB 17

Evidence of Subsidies(Part III - Project Financing - Section 4)Evidence and Description of SubsidiesReg. Section 10322(h)(22)All requirements listed in Section 10322(h)(22) must be submitted, and Tab 17 must includethe contract rent by bedroom size used in Final Tiebreaker Tranche B loan calculations. For the anticipated subsidy income above the tax credit targeted (AMI) tenant rental income,include the mathematical derivation of the subsidy shown in the Application, Part III - Project Financing - Section 3(D). Rental Subsidy Income/Operating Subsidyand the Subsidy Contract Calculation spreadsheet.This contract rent must be included in documentation from the subsidy provider.

OPTIONAL DOCUMENTATION: SUBSIDY LAYERING REVIEWFor projects that require a subsidy layering review (SLR), applicants may elect to provide the required SLR documentation as part of this application.


Please refer to the TCAC memo providing instructions and a list of requireddocuments: http://www.treasurer.ca.gov/ctcac/2015/application.asp

TAB 18

Threshold Basis Limit Increases and Certifications(Part III - Project Financing - Section 5 - A)Reg. Section 10327(c)(5)(A) through (D)

Evidence from the assessing entity of impact fees to be chargedReg. Section 10327(c)(5)(A)Provide evidence of eligibility and include signed: ATTACHMENT 18(A): Local Development Impact Fees or other evidence from the assessing entity, such as current fee schedules.


Architect's certification of threshold basis limit increases/exceptionsProvide evidence of eligibility and include signed: ATTACHMENT 18(B): Architect Threshold Basis Certification

If claiming 20% threshold basis limit increase for payment of state or federal prevailing wages,provide an applicant certification and supporting documentation of (1) the legal requirement for a development paid out of public funds or (2) financing by a labor-affiliated organization. Include documentation of the labor-affiliated organization's prevailing wage requirement.Please review Reg. Section 10327(c)(5)(A) for the complete application requirements.





If claiming threshold basis limit increase/exception for required seismic upgrading and/or toxic or other environmental mitigation work, provide a cost breakdown/estimatefrom the Architect or Engineer corresponding to the threshold basis limit increaseshown in the application based on the lesser of the associated costs or 15%.Reg. Section 10327(c)(5)(D)



TAB 19

ELIGIBLE BASIS CERTIFICATION (Part V - Basis and Credits - Section 1 - A)Reg. Section 10322(h)(17)




If the project involves rehabilitation of existing buildings, the tax professional mustdetermine that project meets the minimum requirement outlined in Reg. Section 10325(f)(10).

TAB 20

Evidence of committed public funds for final tie breaker scoringReg. Section 10325(c)(1)(C)See also TCAC guidance memo:http://www.treasurer.ca.gov/ctcac/2013/guidance.pdf

Evidence of committed soft or residual receipts loans (federal, state, or local government funds, and all other public funding listed in Section 10325(c)(1)(C)).Type of loan, term and interest rate must be included in evidence.

Evidence of land donated by or leased from a public entity, or donated as part of an inclusionary ordinance or other development agreement negotiated connecting a public entity and private developer (see Tab 1 appraisal requirements)

Evidence of waivers resulting in quantifiable cost savings not required by federal or state law

Waived fee documentation, including either nexus study and relevant state government code provisions or documentation supporting off-sites developed as a condition of local approvalOff-sites must be consistent with Reg. Section 10325(c)(1)(C).

Evidence from the applicable public entity of outstanding principal balances of prior existing public or subsidized debt to be assumed.

Evidence of private Tranche B subsidy-based loans. The commitment letter(s) must indicate separate Tranche A and Tranche B loan amounts and terms.

Evidence of funding eligible under Section 10325(c)(10) but not under Section 10325(c)(1)(C)

For projects located in San Francisco or the City of Los Angeles: formal letter of supportas described in Reg. Section 10325(c)(10)

Final Tie Breaker donation from an unrelated non-public entity: Provide with the application (1) a certification from an independent Certified Public Accountant (CPA), or independent tax attorney that the donation(s) is from an unrelated non-publicentity(ies), that the donor(s) shall not receive any benefit from a related party to the project,and that the funds are available and not committed to any other project or use; and (2) a narrative from the applicant regarding the nature and source of the donation and the conditions under which it was given.

TAB 21

GENERAL PARTNER/ MANAGEMENT COMPANY CHARACTERISTICSReg. Section 10325(c)(2)

General Partner Experience (Part VI - Points System - Section 1 - A(1))Provide General Partner experience documentation Provide evidence of eligibility and include signed: ATTACHMENT 21: General Partner (G.P.) ExperienceReg. Section 10325(c)(2)

Third party CPA certification of qualifying projects (positive operating cash flow, fundedreserves). Certification must reference the general partner claiming experience and bedated within 60 days of the application deadline.

General partners requesting experience points that include fewer than 2 active California low income housing tax credit projects in service more than 3 years:




TAB 22

Management Company Experience (Part VI - Points System - Section 1 - A(2))Provide Management Company experience documentation. Provide evidence of eligibility and include signed: ATTACHMENT 22: Management Company ExperienceReg. Section 10325(c)(2)(B)

Evidence of certification from a housing tax credit compliance entity

Management companies requesting experience points that manage less than 2 active California lowincome housing tax credit projects in service more than 3years:




TAB 23

SITE AMENITIES(Part VI - Points System - Section 1 - C(1)) Reg. Section 10325(c)(5)(A)

Native American apportionmentSite amenity points are not applicable to projects that apply and are awarded under the Native American apportionment. However, for those applicants unsuccessful in the apportionment and considered under the Rural set-aside, site amenity scoring will be applicable, as will the following documentation requirements.

Transit site amenities: provide a schedule of the relevant route(s). Please clearly note the relevant stops and times demonstrating the required frequency.For transit points requiring regular service during commute times, if the transit stop nearest the project is not included in the schedule(s), highlight the two stops appearing on the schedule(s) which the transit stop falls between. Provide sufficientinformation identifying the stop nearest the project (map, photo, etc.) and whereit is located in reference to the stops appearing on the schedule.

Public school amenities: If possible, provide a letter from the school confirmingthe project is within the school's specific attendance boundary and the school hasspace available for the project's students. Evidence from a web-based school locator is also acceptable.

This point category does not include schools for which the project is not in the immediate attendance boundary but use a district-wide boundary, open enrollment, inter- or intra-district transfer, etc.

For grocery stores and medical clinics, provide amenity details in the form ofbrochures or webpages, if available. Include documentation confirming medical clinic minimum staffing and accepted payment requirements. Large multipurpose stores containing grocery sections may qualify if the application contains interior measurements of the grocery section verified by a third party. Supporting documentation must confirm that the multipurpose store meets all grocery requirements of the applicable point category.

For facilities offering daily services designated for seniors OR for facilities operating to service a special needs or SRO development,provide amenity details documenting how the services are appropriate to the development.

For projects that meet the TCAC definition of Rural and are requesting site amenitypoints using rural distances, applicants must provide evidence that the proposedproject site is located in an eligible rural area (Tab 3).http://www.treasurer.ca.gov/ctcac/2015/methodology.pdf

NOTE: A single map may be submitted for all site amenities providedthat all distances and amenities are clearly and legibly shown.

Labeled color photographs, name, address, telephone number, contact person and website (if applicable) for each requested amenity

http://www.treasurer.ca.gov/ctcac/2015/methodology.pdf

TRANSIT Reg. Section 10325(c)(5)(A)(1)A scaled for distance map evidencing the site is within 1/3 mile of a bus rapid transit station,light rail station, commuter rail station, ferry terminal, bus station, or public bus stop andevidence that service is provided at least every 30 minutes during the hours of 7-9 a.m. and4-6 p.m. Monday-Friday (or at least two departures during each peak period for a commuterrail station or ferry terminal ), and that the project density exceeds 25 units per acre





Documentation that includes a budget and operating schedule of van or dial-a-ride service for rural set-aside projects

Certification by the project applicant committing to provide residents free or discountedtransit passes for at least 15 years.

Evidence of TCAC Executive Director's prior approval of private transit system

Evidence of TCAC Executive Director's prior approval of bus line aggregation

PARK/RECREATIONAL FACILITY Reg. Section 10325(c)(5)(A)(2)A scaled for distance map evidencing the site is within 1/2 mile (1 mile for Rural set-aside projects) of a public park or community center accessible to the general public or evidence of a bona fide formal joint use agreement between the jurisdiction responsible for the park/ recreation facilities and the school district or private school providing availability to the general public

A scaled for distance map evidencing the site is within 3/4 mile (1.5 miles for Rural set-aside projects) of a public park or community center accessible to the general public or evidence of a bona fide formal joint use agreement between a jurisdictionresponsible for the park/ recreation facilities and the school district or private school providing availability to the general public

PUBLIC LIBRARY Reg. Section 10325(c)(5)(A)(3)A scaled for distance map evidencing the site is within 1/2 mile (1 mile for Rural set-aside projects) of a public library that also allows for inter-branch lending when in a multi-branch system. Book Mobiles do not qualify for points under this site amenity category.

A scaled for distance map evidencing the site is within 1 mile (2 miles for Rural set-aside projects) of a public library that also allows for inter-branch lending when in a multi-branch system. Book Mobiles do not qualify for points under this site amenity category.

GROCERY Reg. Section 10325(c)(5)(A)(4)A scaled for distance map evidencing the site is within 1/2 mile of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (1 mile for Rural set-aside projects)

A scaled for distance map evidencing the site is within 1 mile of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (2 miles for Rural set-aside projects)

A scaled for distance map evidencing the site is within 1.5 mile of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (3 mile for Rural set-aside projects)

A scaled for distance map evidencing the site is within 1/4 mile of a neighborhood market of 5,000 gross interior square feet or more where staples, fresh meat, and fresh produce are sold (1/2 mile for Rural set-aside projects)

A scaled for distance map evidencing the site is within 1/2 mile of a neighborhood market of 5,000 gross interior square feet or more where staples, fresh meat, and fresh produce are sold (1 mile for Rural set-aside projects)

PUBLIC SCHOOL Reg. Section 10325(c)(5)(A)(5)A scaled for distance map evidencing the qualifying development site is within 1/4 mile of a public elementary school; 1/2 mile of a public middle school; or 1 mile of apublic high school (an additional 1/2 mile for each public school type for Rural set-aside projects) and the site is within the attendance area of that school

A scaled for distance map evidencing the qualifying development site is within 3/4 mile of a public elementary school; 1 mile of a public middle school; or 1.5 miles of apublic high school (an additional 1/2 mile for each public school type for Rural set-aside projects) and the site is within the attendance area of that school

If a public school is under construction at application, please include evidence of this,as well as evidence from a third party, such as the school district, that the school will becompleted and available to the residents prior to the project's completion.

If the project is not applying as a large family housing type, at least 25% of the residentialunits must be three-bedroom or larger. TCAC staff will verify this through documentationin the Application spreadsheet and Tab 12.

Documentation providing verification of supermarket/neighborhood market square footage. This can be in the form of: (a) a certification from an appropriately licensed third party such as the project's architect or general contractor which includes the market's approximate gross interior square footage and the method used to determining this; or (b) a written document on letterhead from a store manager, referencing the market name and address, indicating the market's approximate gross interior square footage. Alternately, the applicant may provide square footage evidence available through public agencies, such as County Assessor's Office documentation or comparable. Documentation for a multipurpose store with a grocery section must support a grocery section size equivalent to the point category square footage. A certification of square footage based on an aerial photo of a building will not be accepted for any of the above.

A scaled for distance map evidencing the site is within 1/2 mile of a weekly farmers' market certified by the California Federation of Certified Farmers' Markets, and operating at least 5 months in a calendar year. (Reg. Section 10325(c)(5)(A)(4))

A scaled for distance map evidencing the site is within 1 mile of a weekly farmers' market certified by the California Federation of Certified Farmers' Markets, and operating at least 5 months in a calendar year. (Reg. Section 10325(c)(5)(A)(4))

SENIOR CENTER Reg. Section 10325(c)(5)(A)(6)A scaled for distance map evidencing this senior development site is within 1/2 mile (1 mile for Rural set-aside projects) of a daily operated senior center or a facility offering daily services to seniors (not on the project site)

A scaled for distance map evidencing this senior development site is within 3/4 mile (1.5 miles for Rural set-aside projects) of a daily operated senior center or a facility offering daily services to seniors (not on the project site)

FACILITY SERVING TENANT POPULATION OF SRO OR SPECIAL NEEDS PROJECTReg. Section 10325(c)(5)(A)(7)A scaled for distance map evidencing this special needs or SRO development site is within 1/2 mile of a facility that operates to serve the population living in the development

A scaled for distance map evidencing this special needs or SRO development site is within 1 mile of a facility that operates to serve the population living in the development

MEDICAL CLINIC Reg. Section 10325(c)(5)(A)(8)A scaled for distance map evidencing the project site is within 1/2 mile (1 mile for Rural set-aside projects) of a medical clinic with a physician, physician's assistant, or nursepractitioner onsite for a minimum of 40 hours each week, or hospital (not merely a private doctor’s office). A qualifying medical clinic must accept Medi-Cal payments, or Medicarepayments for Senior Projects, or Health Care for the Homeless for projects housing homeless populations, or have an equally comprehensive subsidy program for low-income patients.

A scaled for distance map evidencing the project site is within 1 mile (1.5 mile for Rural set-aside projects) of a medical clinic with a physician, physician's assistant, or nursepractitioner onsite for a minimum of 40 hours each week, or hospital (not merely a private doctor’s office). A qualifying medical clinic must accept Medi-Cal payments, or Medicarepayments for Senior Projects, or Health Care for the Homeless for projects housing homeless populations, or have an equally comprehensive subsidy program for low-income patients.

PHARMACY Reg. Section 10325(c)(5)(A)(9)A scaled for distance map evidencing the project site is within 1/2 mile (1 mile for Rural set-aside projects) of a pharmacy

A scaled for distance map evidencing the project site is within 1 mile (2 miles for Rural set-aside projects) of a pharmacy

TENANT INTERNET SERVICE Reg. Section 10325(c)(5)(A)(10)Will-serve letter or comparable documentation of internet service availability

Certification from applicant of the high speed capacity of internet service being providedand a commitment to provide in-unit internet free of charge for 15 years

TAB 24

SERVICE AMENITIES(Part VI - Points System - Section 1 - C(2))Reg. Section 10325(c)(5)(B)

Provide complete evidence of eligibility per regulation guidelines and include all instructions found in ATTACHMENT 24: Service Amenities

Applications will receive points for services only if the proposed services budgetadequately accounts for the level of service. The budgeted amount must reasonably be expected to cover the costs of the proposed level of service.

Service Coordinator evidence

Other Services Specialist evidence

Evidence of adult educational, health and wellness, or skill building classes

Evidence of health and wellness services and programs: the application must describe in detail the services to be provided

Evidence of licensed child care provided to residents (20 hours per week Monday through Friday)

Evidence of after school programs for school age children

Case Manager evidence

Evidence of health or behavioral services provided by appropriately-licensed organizationor individual

TAB 25

SUSTAINABLE BUILDING METHODS (Part VI - Points System - Section 1 - D)Reg. Section 10325 (c)(8)

Architect certification of sustainable building methods that will be incorporatedinto the projectProvide evidence of eligibility and include signed: ATTACHMENT 25: Architect Sustainable Building Method Certification

For new construction projects committing to points for energy efficiency beyond 2016 Title 24Standards or energy efficiency with renewable energy, submit a Sustainable Building Methodsand Energy Efficiency Requirements Workbook and accompanying documentation, to becompleted by a qualified energy analyst, if not included in Tab 10.

For rehabilitation projects committing to points for improving energy efficiency of the existingconditions or to points for additional rehabilitation project measures, submit a Sustainable Building Methods and Energy Efficiency Requirements Workbook and accompanyingdocumentation, to be completed by a qualified energy analyst, if not included in Tab 10.


For projects applying for LEED, GreenPoint Rated, Passive House Institute US, Passive House, Living Building Challenge, or National Green Building Standard ICC/ASRAE-700 or higherrating categories, a Sustainable Building Method and Energy Efficiency Requirements Workbook is not required.

An applicant statement committing the property owner to at least maintain the quality of theinstalled energy efficiency and sustainability features when replacing any such feature.

If the project consists of both new construction and rehabilitation buildings, provide evidencethat the proposed project meets the applicable standards for both construction types.

TAB 26

READINESS TO PROCEEDReg. Section 10325(c)(8)

Readiness Points (Part VI - Points System - Section 1 - F)Enforceable commitments for all construction financing and evidence of commitment fee paymentsReg. Section 10325(c)(8)(A)

NOTE: A single Attachment 26 form may be submitted for the following point subcategories, or if multiple agencies/departments are involved, multiple forms should be provided as necessary. Please review the most current TCAC guidance on environmental clearance for readiness scoring, available at:http://www.treasurer.ca.gov/ctcac/2011/firstround/update.pdf

Land use entitlements, environmental review clearance, design review worksheetProvide evidence of eligibility and include signed: ATTACHMENT 26: Approvals Necessary to Begin Construction

Verified evidence of site plan approval and all necessary land use environmental review clearances Reg. Section 10325(c)(8)(B)

Evidence of CEQA, NEPA, and tribal land environmental review approval. NEPA approval is evidenced by HUD Form 7015.16 or equivalent.For projects exempt from NEPA, attach documentation verifying exemptionand include a summary explaining the exemption status.Reg. Section 10325(c)(8)(B)

Evidence of all public or tribal land use approvals subject to the discretion of local ortribal elected officials. Reg. Section 10325(c)(8)(C)

TAB 27


TAB 28



April 28, 2017 Version 1 Tab 6/1/2017]

APPLICANT:

PROJECT NAME:

The undersigned applicant hereby makes application to the California Tax Credit Allocation Committee (“TCAC”) for a reservation of Federal, or Federal and State Low-Income Housing Tax Credits (“Credits”) in the amount(s) of:

annual Federal Credits, and

total State Credits

for the purpose of providing low-income rental housing as herein described. I understand that Credit amount(s) preliminarily reserved for this project, if any, may be adjusted over time based upon changing project costs andfinancial feasibility analyses which TCAC is required to perform on at least three occasions.

Election to sell ("certificate') state credits: By selecting "Yes" or "No" in the box immediately before, I hereby make an irrevocable election to sell ("certificate") or not sell all or any portion of the state credit, as allowed pursuant to Revenue and Taxation Code Sections 12206(o), 17058(q), and 23610.5(r). I further certify that the applicant is a non-profit entity, and that the state credit pricing will be at least 80 cents per dollar.


I acknowledge that if I receive a reservation of Tax Credits, I will be required to submit requisite documentation at the following stages: for readiness to proceed requirements if applicable; and after the project is placed-in-services.


I represent that I have read and understand the requirements set forth in Regulation Section 10322(j) pertaining to re-applications for Credit.



2017 COMPETITIVE 4% FEDERAL AND STATE CREDIT APPLICATION

No

April 28, 2017 VersionFOR LOW-INCOME HOUSING TAX CREDITS

II. APPLICATION - SECTION 1: APPLICANT STATEMENT, CERTIFICATION AND NOTARY

(CHECK ONLY)


I certify that I have read and understand the provisions of Sections 10322(a) through (h). No additional documents in support of the basic thresholds or point selection categories shall be accepted from the applicant beyond the application filing deadline, unless the Executive Director, at his or her sole discretion, determines that the deficiency is a clear reproduction or application assembly error, or an obviously transposed number. In such cases, applicantsshall be given up to five (5) business days from the date of receipt of staff notification, to submit said documents to complete the application. For threshold omissions other than reproduction or assembly errors, the Executive Director may request additional clarifying information from other government entities.

I agree to hold TCAC, its members, officers, agents, and employees harmless from any matters arising out of or related to the Credit programs.

I agree that TCAC will determine the Credit amount to comply with requirements of IRC Section 42 but that TCAC in no way warrants the feasibility or viability of the project to anyone for any purpose. I acknowledge that TCAC makes no representation regarding the effect of any tax Credit which may be allocated and makes no representation regarding the ability to claim any Credit which may be allocated.

I acknowledge that all materials and requirements are subject to change by enactment of federal or state legislation or promulgation of regulations.


I acknowledge that neither the Federal nor the State Tax Credit programs are entitlement programs and that my application will be evaluated based on the Credit statutes, regulations, and the Qualified Allocation Plan adopted by TCAC which identify the priorities and other standards which will be employed to evaluate applications.

I acknowledge that a reservation of Federal or State Tax Credits does not guarantee that the project will qualify for Tax Credits. Both Federal law and the state law require that various requirements be met on an ongoing basis. I agree that compliance with these requirements is the responsibility of the applicant.


I acknowledge that if I obtain an allocation of Federal and/or State Tax Credits, I will be required to enter into a regulatory agreement which will contain, among other things, all the conditions under which the Credits were provided including the selection criteria delineated in this application.

I declare under penalty of perjury that the information contained in the application, exhibits, attachments, and anyfurther or supplemental documentation is true and correct to the best of my knowledge and belief. I certify andguarantee that each item identified in TCAC’s minimum construction standards will be incorporated into the design of the project, unless a waiver has been approved by TCAC. I certify that, when requesting a threshold basis increase for development impact fees, the impact fee amounts are accurate as of the application date. In anapplication proposing rehabilitation work, I certify that all necessary work identified in the Capital Needs Assessment,including the immediate needs listed in the report, will be performed (unless a waiver is granted) prior to the project'srehabilitation completion. I certify and guarantee that the application meets each item of the applicable housing typerequirement if I am requesting housing type competitive points, as identified by TCAC regulation. I certify andguarantee that any tenant services proposed under TCAC Regulation Section 10325(c)(5)(B) will be available within 6 months of the project's placed in service date, will be of a regular and ongoing nature and provided to tenants for a period of at least 15 years, free of charge (except child care). I understand that any misrepresentation may result in cancellation of Tax Credit reservation, notification of the Internal Revenue Service and the Franchise Tax Board, and any other actions that TCAC is authorized to take pursuant to California Health and Safety Code Section 50199.22, issuance of fines pursuant to California Health and Safety Code Section 50199.10, negative points per Regulation Section 10325(c)(3) or under general authority of state law.


I agree that TCAC is not responsible for actions taken by the applicant in reliance on a prospective Tax Credit reservation or allocation.


Dated this day of , 2017 at

, California.

By: (Original Signature)


(Title)


STATE OF )

COUNTY OF )





Signature (Seal)

ACKNOWLEDGMENT


Local Jurisdiction:City Manager: *Title:Mailing Address: City: Zip Code: Phone Number: Ext.FAX Number: E-mail:


City Manager










The project is comprised of 100% tax credit eligible units excluding managers' unitsThe project is not eligible for the 130% basis adjustment unless Special Needs housing typeSpecial Needs Project located in a DDA or QCT:Special Needs with 130% basis & State Credits:Project is a Scattered Site Project: *Federal Congressional District:Project is Rural as defined by TCAC Regulation *State Assembly District:

Section 10302(jj): *State Senate District:*Accurate information is essential; the following website is provided for reference:https://www.govtrack.us/congress/members/map http://findyourrep.legislature.ca.gov/

C. Credit Amount Requested (If State Credit Request, Reg. Sects. 10317 & 10322(h)(33))


E. Housing Type Selection (Reg. Sections 10315(g) & 10325(g))

If you selected Special Needs please list the percentage of Special Needs Units:If between 50% and 75%, please specify other housing type construction standards that will be met:

F. Geographic Area (Reg. Section 10315(h))Please select the project's geographic area:

No

(select one)

NoNo

N/A

No

(select one)

No

(select one)

(select one)

No



No

Federal and State(federal) (state)






D. General Partner(s) InformationD(1) General Partner Name:

Street Address:City: State: Zip Code:Contact Person:Phone: Ext.: Fax:Email: Nonprofit/For Profit: Parent Company:



*If Joint Venture, 2nd GP must be included ifE. General Partner(s) or Principal Owner(s) Type applicant is pursuing a property tax exemption

Reg. Section 10327(g)(2) - "TBD" not sufficientF. Status of Ownership Entity

If to be formed, enter date:*(Federal I.D. No. must be obtained prior to submitting carryover allocation package)



(select one)

(select one)

#N/A

(select one)

(select one)

(select one)

N/AN/A

N/AN/A

(select one)

(select one)


(select one)







Consultant Market Analyst:Address: Address:City, State, Zip City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:

Appraiser: CNA Consultant:Address: Address:City, State, Zip City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:

Bond Issuer: Prop. Mgmt. Co.:Address: Address:City, State, Zip: City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:



2nd Prop. Mgmt. Co.:Address:City, State, Zip:Contact Person:Phone: Ext.:Fax:Email:





If no, will it meet the waiver conditions of IRC Sec. 42(d)(6)?Will the rehabilitation and/or the income and rent restrictions of Sec. 42 cause relocation of existing tenants?










N/A

N/A

N/A

N/A

(specify here)

N/A

N/A

N/A

N/A

N/AN/A

N/AN/A

N/AN/A

No

N/A

N/A

No

N/A

N/A



N/A

N/A

N/A

N/A

N/A

N/A

N/A

#DIV/0!






G. Project Unit Number and Square FootageTotal number of units:Total number of non-tax credit units (excluding managers' units) (i.e. market rate units):Total number of units (excluding managers’ units):Total number of low-income units:Ratio of low-income units to total units (excluding managers’ units):Total square footage of all residential units (excluding managers’ units):Total square footage of low-income units:Ratio of low-income residential to total residential square footage (excluding managers’ units):*Applicable fraction, smaller of unit or square footage ratio (used on "Basis & Credits"):Total community room square footage:Total commercial/ retail space square footage:Total common space square footage (including managers’ units):Total parking structure square footage (excludes car-ports and "tuck under" parking):

**Total Square Footage of All Project Structures (excluding commercial/retail):*Must be 100% to apply for State Credits




Other:Units w/ tenants of multiple disability type or subsidy layers (explain)

#DIV/0!#DIV/0!#DIV/0!

N/A

NoN/A

**equals: "total square footage of all residential units" + "total community room square footage" + "total common space" + "total parking structure square footage")

Transition age youth

No

N/A

Homeless/formerly homelessTransitional housingPersons with physical, mental, development disabilities

N/AN/A

N/A

N/A

N/AN/A

N/A

Family Reunification

Rural area consistent with TCAC methodology N/A

Persons with HIV/AIDS

Farmworker

For 4% federal applications only:

N/A






No



No

No

Estimated Approval

Actual Approval

Approval Dates



Occupancy restrictions that run with the land due to CUP’s or density bonuses?




(specify here)

(specify here)N/A

N/A

N/A

N/A

N/A

N/A

N/A

(specify here)

(specify here) N/A

N/A

N/A

N/A

(specify here)

N/A

N/A

N/A

N/AN/A

N/AN/A

N/AN/A

MonthN/AN/A

YearActual or Scheduled

N/AN/AN/AN/A

N/A

LOCAL PERMITS

N/A

SITE

PERMANENT FINANCING



N/A

N/A

N/A

N/A

N/A

(specify here) N/A

N/A

N/A




1)2)3)4)5)6)7)8)9)10)11)12)

1) Lender/Source: 2) Lender/Source:Street Address: Street Address:City: City:Contact Name: Contact Name:Phone Number: Ext.: Phone Number: Ext.:Type of Financing: Type of Financing:Is the Lender/Source Committed? Is the Lender/Source Committed?



7) Lender/Source: 8) Lender/Source:Street Address: Street Address:City: City:Contact Name: Contact Name:Phone Number: Ext.: Phone Number: Ext.:Type of Financing: Type of Financing:Is the Lender/Source Committed? Is the Lender/Source Committed?No No

No

No


No


Interest Rate Amount of Funds


NoNo

No



11) Lender/Source: 12) Lender/Source:Street Address: Street Address:City: City:Contact Name: Contact Name:Phone Number: Ext.: Phone Number: Ext.:Type of Financing: Type of Financing:Is the Lender/Source Committed? Is the Lender/Source Committed? No

NoNo

No




1)2)3)4)5)6)7)8)9)10)11)12)





Total Permanent Financing:

No

No No

Amount of Funds

No

Annual Debt Service

Name of Lender/Source


Residual Receipts /

Deferred Pymt.

Interest Rate

Term (months)

Total Sources of Project Funds:Total Tax Credit Equity:

No No

No

No




B. Tax-Exempt Bond FinancingWill project receive tax-exempt bond financing for more than 50% of the aggregate

basis of the building(s) (including land) in the project? (IRC Sec. 42(h)(4)):CDLAC Allocation? Date application was submitted to CDLAC (Reg. Sections 10317(g)(4), 10326(h)):Date of CDLAC application approval, actual or anticipated (Reg. Section 10326(j)(1)):

Estimated date of Bond Issuance (Reg. Section 10326(e)(2)): Percentage of aggregate basis financed by the bonds? (Reg. Section 10326(e)(2)):Name of Bond Issuer (Reg. Section 10326(e)(1)):

Will project have Credit Enhancement?If Yes, identify the entity providing the Credit Enhancement:Contact Person:Phone: Ext.:What type of enhancement is being provided?

NoNo

NoNo

(specify here)(select one)

No

No No


A. Low Income Units

Is this a resyndication project using hold harmless rent limits in the above table?Hold harmless rents cannot exceed the federal set-aside current tax credit rent limits (TCAC Reg. Section 10327(g)(8)). For units included in the lowest income point category, TCAC requires the use of current rent limits.

B. Manager UnitsState law requires an onsite manager's unit for projects with 16 or more residential units. TCAC Regulation Section 10326(g)(6) requires projects with at least 161 units to provide a second on-site manager's unit, with one additional for each 80 units beyond, up to 4 on-site manager units.Scattered site projects of 16 or more units must have at least one manager unit at each site consisting of 16 or more residential units.Projects may employ full-time property management staff and provide an equivalent number of deskor security staff for the hours when the property management staff are not working. See TCACRegulation Section 10325(f)(7)(J) for details on the requirements for this option.

Project with desk or security staff in lieu of on-site manager unit(s)See TCAC Regulation Section 10325(f)(7)(J) for complete requirements.

Average:

#DIV/0!

(c)Proposed


(a)

Bedroom Type(s)

(d)Total Monthly

Rents (b x c)

(b)

Number of Units

(g)% of Targeted Area Median

Income

(a)

Bedroom Type(s)

(h) % of

Actual AMI


(b)

Number of Units


(c + e)

(e)

Monthly Utility

(d)Total Monthly

Rents (b x c)

(c)Proposed


N/A

Total # Units:

No

Total:






Number of Units Receiving Assistance:Length of Contract (years):Expiration Date of Contract:

Total Projected Annual Rental Subsidy:





Other:




3 BR

(c)Proposed


( ) BR4 BR

(d)Total Monthly

Rents (b x c)

(b)

Number of Units

(a)

Bedroom Type(s)


SRO / STUDIO 1 BR 2 BR

(specify here)

Space Heating:Water Heating:

Lighting:Cooking:

Electricity:

(specify here)Water:*

Total:





Management


Total Utilities:



Total Insurance:


Total Maintenance:



Total Expenses





(specify here)

Total Management:

(specify here)

(specify here)

Other (Specify):

(specify here)


(specify here)


(specify here)

Other (Specify):








Tax-Exempt FinancingTaxable Bond FinancingHOME Investment Partnership Act (HOME)Community Development Block Grant (CDBG)RHS 514RHS 515RHS 516RHS 538HOPE VIMcKinney-Vento Homeless Assistance ProgramMHSAMHPHousing Successor Agency FundsFHA Risk Sharing loan?State:Local:Private:Other:Other:Other:




Sec 221(d)(3) BMIR: RHS 514:HUD Sec 236: RHS 515:If Section 236, IRP? RHS 521 (rent subsidy):RHS 538: State / Local:HUD Section 8: Rent Sup / RAP:If Section 8:

HUD SHP:

Will the subsidy continue?: Other:Other amount:

N/A

Funding Sources

N/A




Yes/No

N/A

N/A

N/AN/A

N/AN/A

N/A

(specify here)No

(specify here)

(select one)

(specify here)

(select one)

(specify here)

N/A

N/A

N/AN/A

N/A

N/A


No

(select one)

(specify here) If yes enter amount:

N/A

N/A

Amount

N/AN/A

N/A



(a)

(b)

(c)

(d)

(e)

(f)


(g)

(h)

(i)

(j)

Rental Units: Total Rental Units @ 50% to 36% of AMI:(k)

Rental Units: Total Rental Units @ 35% of AMI or Below:


Plus (+) 5% basis adjustment for projects that certify that (1) they are subject to a project labor agreement within the meaning of Section 2500(b)(1) of the Public Contract Code, or (2) they will use a skilled and trained workforce as defined by Section 25536.7 of the Health and Safety Code to perform all onsite work within an apprenticeable occupation in the building and construction trades.

No

(Basis) X (No. of Units)


No

Unit Basis Limit


NoYes/No

TOTAL UNADJUSTED THRESHOLD BASIS LIMIT:TOTAL UNITS:

4+ Bedrooms

No

Plus (+) 10% basis adjustment for projects located in an area that meets all of the following criteria: (i) is within a city with a population of at least 50,000 or that, when combined with abutting cities, has a population of at least 50,000; (ii) is within a county that has a 9% threshold basis limit for 2-bedroom units equal to or less than $300,000; (iii) is deemed to have the highest opportunity by the UC Davis Regional Opportunity Index for Places.

Plus (+) 1% basis adjustment for each 1% of units income-targeted to 50% to 36% of AMI


Plus (+) 2% basis adjustment for projects where 100 percent of the units are for Special Needs populations.

No

No

No

Plus (+) 2% basis adjustment for each 1% of units income targeted to 35% of AMI and below

NoPlus (+) up to 10% basis adjustment for projects applying under Section 10325 or Section 10326 of these regulations that include one or more of the features in the section: Item (e) Features.

SRO/STUDIO

Plus (+) local development impact fees required to be paid to local government entities. Certification from local entities assessing fees also required. WAIVED IMPACT FEES ARE INELIGIBLE.

No


No


No

N/A

No. of Units


2 Bedrooms1 Bedroom

Unit Size

3 Bedrooms

No



Percentage of the Adjusted Threshold Basis Limit #DIV/0!

#DIV/0!












N/A

N/A

N/A

ITEM (e) Features

N/A

N/A

N/A

N/A

N/A

N/A



TOTAL PROJECT


EQUITY

1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) SUBTOTAL

30% PVC for New


LAND COST/ACQUISITION1Land Cost or Value

2DemolitionLegal

Land Lease Rent Prepayment1Total Land Cost or Value

Existing Improvements Value2Off-Site ImprovementsTotal Acquisition Cost

Total Land Cost / Acquisition CostPredevelopment Interest/Holding Cost


Other: (Specify)REHABILITATION

Site WorkStructures










DesignSupervision


CONSTRUCTION INTEREST & FEES

Construction Loan InterestOrigination Fee

Credit Enhancement/Application FeeBond Premium

Cost of IssuanceTitle & Recording

TaxesInsurance










Permanent Sources



TOTAL PROJECT


EQUITY

1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) SUBTOTAL

30% PVC for New


Permanent Sources



Total Reserve Costs



TOTAL PROJECT


EQUITY

1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) SUBTOTAL

30% PVC for New


Permanent Sources

APPRAISALTotal Appraisal Costs






Accounting/ReimbursableSoft Cost Contingency







TOTAL PROJECT COSTNote: Syndication Costs shall NOT be included as a project cost. Bridge Loan Expense During Construction:Calculate Maximum Developer Fee using the eligible basis subtotals. Total Eligible Basis:DOUBLE CHECK AGAINST PERMANENT FINANCING TOTALS:


1 Required: evidence of land value (see Tab 1). Land value must be included in Total Project Cost and Sources and Uses Budget (includes donated or leased land). Except for non-competitive projects with donated land, TCAC will not accept a budget with a nominal land value. Please refer to the TCAC website for additional information and guidance. 2 Required: include a detailed explanation of Demolition and Offsite Improvements requirements as well as a cost breakdown in Attachment 12, Construction and Design Description.





DateSignature of Project CPA/Tax Professional

As owner(s) of the above-referenced low-income housing project, I certify under penalty of perjury, that the project costs contained herein are, to the best of my knowledge, accurate and actual costs associated with the construction, acquisition and/or rehabilitation of this project and that the sources of funds shown are the only funds received by the Partnership for the development of the project. I authorize the California Tax Credit Allocation Committee to utilize this information to calculate the low-income housing tax credit.








Total Ineligible Amounts:





*130% boost if your project is located in a DDA or QCT, or Reg. Section 10317(d) as applicable (auto-calculated).


Qualified Basis:*Applicable Percentage:



Acquisition


30% PVC for New



New Construction

/Rehabilitation

3.25%3.25%

*Applicants are required to use this percentage in calculating credit at the application stage.

100%100%


Total Eligible Basis Amount Voluntarily Excluded:



Total Credits Necessary for FeasibilityAnnual Federal Credit Necessary for FeasibilityMaximum Annual Federal CreditsEquity Raised From Federal CreditRemaining Funding Gap




State Credit Necessary for FeasibilityMaximum State CreditEquity Raised From State CreditRemaining Funding Gap



NC/Rehab

$0

Acquisition


13%


A. General Partner & Management Company Experience

A(1) General Partner ExperienceSelect from the following:

General Partner Name:

To receive points under this subsection for projects in existence for more than 3 years from the filing deadline date, the applicant must submit a certification from a 3rd party certified public accountant (CPA) that the projects for which points are requested have maintained a positive operating cash flow from typical residential income alone (e.g. rents, rental subsidies, late fees, forfeited deposits, etc.) for the year in which each development’slast financial statement has been prepared and have funded reserves in accordance with the partnership agreement and any applicable loan documents.This certification must list the specific projects for which the points are being requested. The CPA certification may be in the form of an agreed upon procedure report that includes funded reserves as of the report date, which shall be within 60 days of the application deadline, unless the general partner

or key person has no current projects which are eligible for points in which case the report date shall be after the date from which the general partneror key person separated from the last eligible project. To obtain points for projects previously owned by the proposed general partner, a similarcertification must be submitted with respect to the last full year of ownership by the proposed general partner, along with verification of the number ofyears that the project was owned by that general partner. This certification must list the specific projects for which the points are being requested.

Total Points for General Partner Experience:

A(2) Management Company ExperienceSelect from the following:


Total Points for Management Company Experience:

Points in subsections (A) and (B) above will be awarded in the highest applicable category and are not cumulative. For maximum points in either subsection (A) or (B) above, a completed application attachment for the general partner or for the management agent, respectively, must be provided. For points to be awarded in subsection (B), an enforceable management agreement executed by both parties for the subject application must besubmitted at the time of application. "Projects" as used in this subsections (A) and (B) means multifamily, rental, affordable developments of over10 units that are subject to a recorded regulatory agreement or, in the case of housing on tribal lands, where federal HUD funds have been utilized in affordable rental developments. General Partner and Management Company experience points may be given based on the experience of the principals involved, or on the experience of municipalities or other nonprofit entities that have experience but have formed single-asset entities for each project in which they have participated, notwithstanding that the entity itself would not otherwise be eligible for such points. Alternatively, a management company may receive 2 points if it provides evidence that the management agent assigned to the project, either on-site or with management responsibilities for the site, has been certified, prior to application deadline, by a housing tax credit certification examination by a nationally recognized housing tax credit compliance entity and be on a list maintained by the Committee. These points may substitute forother management company experience but will not be awarded in addition to such points.

General partners and management companies with fewer than 2 active California LIHTC projects for more than 3 years, and general partners and

management companies for projects requesting points under the special needs categories with no active California LIHTC projects for more than3 years, should refer to Regulation Section 10325(c)(2) and Checklist Items Tabs 21 and 22 for additional requirements.

Total Points for General Partner & Management Company Experience:

VI. POINTS SYSTEM - SECTION 1: THE POINTS SYSTEM

(select one)

0

0

Maximum 9 Points

0

3 Points

6 Points

(select one)


B. Housing Needs

Select one:Select one if project is a scattered site acquisition and/or rehabilitation :

Total Points for Housing Needs:

C. Site & Service Amenities

C(1) Site Amenities

Amenities must be appropriate to the tenant population served. To receive points the amenity must be in place at the time of application.TCAC Regulation Sections 10325(c)(5)(A), 10325(c)(5)(A)(1) and 10325(c)(5)(A)(5) provide information on the limited exceptions to this requirement. The application must include a map scaled for distance using a standardized radius from the development site as determinedby the Committee. Measurement from the project to a site must not cross significant physical barriers. The map must show the distance ofthe site amenities from the development site.

An application proposing a project located on multiple scattered sites shall be scored proportionately in the site and service amenities basedupon (i) each site’s score, and (ii) the percentage of units represented by each site, except that for scattered site projects of less than 20 units, service amenities shall be scored in the aggregate across all sites.For projects that meet the TCAC definition of Rural and are requesting site amenity points using rural distances, applicants must provide evidence that the proposed project site is located in an eligible rural area.

Applicants must provide color photographs, a contact person and a contact telephone number for each requested site amenity.Any inaccurate information will be subject to negative points. No more than 15 points will be awarded in this category. Only one point award will be available in each of the subcategories (a-h) listed below.

Site amenity points are not applicable to projects that apply and are awarded under the Native American apportionment. However, for those applicants unsuccessful in the apportionment and considered under the Rural set-aside, site amenity scoring will be applicable.

Amenities may include:

a) Transit

(i) Located where there is a bus rapid transit station, light rail station, commuter rail station, ferry terminal,bus station, or public bus stop within 1/3 mile of the project site with service at least every 30 minutes duringthe hours of 7-9 a.m. and 4-6 p.m. Monday through Friday (or at least two departures during each peakperiod for the commuter rail station or ferry terminal), and the project’s density exceeds 25 units per acre.

(ii) The project site is within 1/3 mile of a bus rapid transit station, light rail station, commuter rail station, ferry terminal, bus station, or public bus stop with service at least every 30 minutes during the hours of 7-9 a.m. and 4-6 p.m. Monday through Friday (or at least two departures during each peak period for the commuter rail station or ferry terminal).

(iii) The project site is within 1/2 mile of a bus rapid transit station, light rail station, commuter rail station, ferry terminal, bus station, or public bus stop with service at least every 30 minutes during the hours of7-9 a.m. and 4-6 p.m. Monday through Friday (or at least two departures during each peak period for the commuter rail station or ferry terminal).

(iv) The project site is within 1/3 mile of a bus rapid transit station, light rail station, commuter rail station, ferry terminal, bus station, or public bus stop. (For rural set-aside projects, these points may be awarded where van or dial-a-ride service is provided to tenants.)

(v) The project site is within 1/2 mile of a bus rapid transit station, light rail station, commuter rail station, ferry terminal, bus station, or public bus stop.

Maximum 10 Points

N/A

0

7 Points

6 Points

5 Points

3 Points

10 Points

4 Points

Maximum 15 Points

N/A


Select one:

In addition to meeting one of the categories above (i through v), points are available to applicants committingto provide residents free transit passes or discounted passes to each rent restricted unit for at least 15 years:

Select one:

Total Points for Transit Amenity:

b) Public Park

(i)

Joint-use agreement (if yes, please provide a copy)

(ii) The site is within 3/4 mile (1.5 miles for Rural set-aside).

Select one:

Total Points for Public Park Amenity:

c) Book-Lending Public Library

(i) The site is within 1/2 mile of a book-lending public library that also allows for inter-branchlending when in a multi-branch system (1 mile for Rural set-aside projects).

(ii) The site is within 1 mile of a book-lending public library that also allows for inter-branchlending when in a multi-branch system (2 miles for Rural set-aside projects).

Select one:

Total Points for Public Library Amenity:

3 Points

2 Points

2 Points

N/A

0

0

N/A

The site is within 1/2 mile of a public park (1 mile for Rural set-aside projects) (not including school grounds unless there is a bona fide, formal joint-use agreement between the jurisdiction responsible for the park’s/recreation facilities and the school district or private school providing availability to the general public of the school grounds and/or facilities) or a community center accessible to the general public.

3 Points

0

N/A

N/A

N/A

N/A A private bus or transit system providing free service may be substituted with prior approval from the CTCAC Executive Director. This prior approval must be received before the application deadline and the bus or transit system must meet the relevant headway and distance criteria stated above. If pre-approved, select applicable point category above.


d) Full-Scale Grocery Store, Supermarket, Neighborhood Market, or Farmers' MarketPlease refer to Checklist Items for supporting documentation requirements

(i)

(ii)

(iii)

(iv)

(v)

(vi) The site is within 1/2 mile of a weekly farmers' market certified by the California Federation of Certified Farmers' Markets, and operating at least 5 months in a calendar year.

(vii) The site is within 1 mile of a weekly farmers' market certified by the California Federation of Certified Farmers' Markets, and operating at least 5 months in a calendar year.

Select one:

Total Points for Full-Scale Grocery Store/Supermarket or Convenience Market Amenity:

e) Public Elementary, Middle, or High School

(i)

(ii)

Select one:

Total Points for Public Elementary, Middle, or High School Amenity:

f) Senior Developments: Daily Operated Senior Center

(i)

(ii)

Select one:

Total Points for Daily Operated Senior Center Amenity:

The site is within 1.5 miles of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (3 miles for Rural set-aside projects).

2 Points

0

For a senior development the project site is within 1/2 mile of a daily operated senior center or a facility offering daily services to seniors (not on the project site) (1 mile for Rural set-aside).

The project site is within 3/4 mile of a daily operated senior center or a facility offering daily services to seniors (not on the project site) (1.5 miles for Rural Set-aside).

2 Points

4 Points

3 Points

The site is within 1/2 mile of a neighborhood market of 5,000 gross interior square feet or more where staples, fresh meat, and fresh produce are sold (1 mile for Rural set-aside projects).

3 Points

5 PointsThe site is within 1/2 mile of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (1 mile for Rural set-aside projects).

0

N/A

2 Points

N/A

0

For a qualifying development, the site is within 1/4 mile of a public elementary school; 1/2 mile of a public middle school; or 1 mile of a public high school (an additional 1/2 mile for each public school type for Rural set-aside projects), and the site is within the attendance area of that school.

The site is within 3/4 mile of a public elementary school; 1 mile of a public middle school; or 1.5 miles of a public high school (an additional 1/2 mile for each public school type for Rural set-aside projects), and the site is within the attendance area of that school.

3 Points

3 Points

The site is within 1/4 mile of a neighborhood market of 5,000 gross interior square feet or more where staples, fresh meat, and fresh produce are sold (1/2 mile for Rural set-aside projects).

4 Points

1 Point

N/A

The site is within 1 mile of a full scale grocery store/supermarket of at least 25,000 gross interior square feet where staples, fresh meat, and fresh produce are sold (2 miles for Rural set-aside projects).


g) Special Needs or SRO Development: Population Specific Service Oriented Facility

(i)

(ii)

Select one:

Total Points for Population Specific Service Oriented Facility Amenity:

h) Medical Clinic or Hospital

(i)

(ii)

Select one:

Total Points for Medical Clinic or Hospital Amenity:

i) Pharmacy

(i)

(ii)

Select one:

Total Points for Pharmacy:

j) In-unit High Speed Internet Service

(i)

(ii)

Select one:

Total Points for Internet Service:

Total Points for Site Amenities:

2 Points

0

3 Points

N/A

High speed internet service with a 768 kilobits/second capacity provided in each unit free of charge to the tenants for a minimum of 15 years, and available within 6 months of the project's placed-in-service date. If internet service is selected, it must be provided even if it is not needed for points.

Rural set-aside only: High speed internet service with a 768 kilobits/second capacity provided in each unit free of charge to the tenants for a minimum of 15 years, and available within 6 months of the project's placed-in-service date. If internet service is selected, it must be provided even if it is not needed for points.

0

For a special needs or SRO development, the site is located within 1/2 mile of a facility that operates to serve the population living in the development.

3 Points

The project site is located within 1 mile of a facility that operates to serve the population living in the development.

2 Points

N/A

0

2 Points

0

1 Point

The site is within 1/2 mile of a pharmacy (1 mile for Rural Set-aside). (This category may be combined with the other site amenities above).

3 Points

N/A

2 Points

0

The site is within 1 mile of a pharmacy (2 miles for Rural Set-aside). (This category may be combined with the other site amenities above).

N/A

The site is within 1/2 mile (1 mile for Rural Set-aside) of a qualifying medical clinic with a physician, physician's assistant, or nurse practitioner onsite for a minimum of 40 hours each week, or hospital (not merely a private doctor’s office).

The site is within 1 mile (1.5 miles for Rural Set-aside) of a qualifying medical clinic with a physician, physician's assistant, or nurse practitioner onsite for a minimum of 40 hours each week, or hospital (not merely a private doctor’s office).


Site Amenity Contact List:




Amenity Name: Amenity Name:Address: Address:City, Zip City, ZipContact Person: Contact Person:Phone: Ext.: Phone: Ext.:Amenity Type: Amenity Type:

Website: Website:Distance in miles: Distance in miles:



C(2) Service Amenities

No more than 10 points will be awarded in this category. The service budget spreadsheet must be completed. Amenities may include, but are not limited to:

a) Large Family, Senior, At-Risk projects:(1)

Service Coordinator as listed above, except:Minimum ratio of 1 FTE Service Coordinator to 1,000 bedrooms.

(2)

N/A

N/A Other Services Specialist. Must provide individualized assistance, counseling and/or advocacy to tenants, such as to assist them to access education, secure employment, secure benefits, gain skills or improve health and wellness. Includes, but is not limited to: Vocational/Employment Counselor, ADL or Supported Living Specialist, Substance Abuse or Mental Health Counselor, Peer Counselor, Domestic Violence Counselor. Minimum ratio of 1 FTE Services Specialist to 600 bedrooms.

3 points

Maximum 10 Points

Service Coordinator. Responsibilities must include, but are not limited to: (a) providing tenants with information about available services in the community, (b) assisting tenants to access services through referral and advocacy, and (c) organizing community-building and/or other enrichment activities for tenants (such as holiday events, tenant council, etc.). Minimum ratio of 1 Full Time Equivalent (FTE) Service Coordinator to 600 bedrooms.

5 points

Applications must include a services sources and uses budget clearly describing all anticipated income and expenses associated with the services program and that aligns with the services commitments provided (i.e. contracts, MOUs, letters, etc.) Applications shall receive points for services only if the proposed services budget adequately accounts for the level of service. The budgeted amount must reasonably be expected to cover the costs of the proposed level of service. PLEASE REFER TO REGULATION SECTION 10325(c)(5)(B) FOR COMPLETE SERVICE AMENITY POINTS REQUIREMENTS.

All services must be of a regular and ongoing nature and provided to tenants free of charge (except for day care services or any charges required by law). Services must be provided on-site except that projects may use off-site services within 1/2 mile of the development (1 1/2 miles for Rural set-aside projects) provided that they have a written agreement with the service provider enabling the development’s tenants to use the services free of charge (except for day care and any charges required by law) and that demonstrate that provision of on-site services would be duplicative. All organizations providing services for which the project is claiming service amenities points must have at least 24 months experience providing services to one of the target populations to be served by the project.

5 points

N/A

Except as provided below and in Reg. Section 10325(c)(5(B), in order to receive points in this category, physical space for service amenities must be available when the development is placed-in-service. Services space must be located inside the project and provide sufficient square footage, accessibility and privacy to accommodate the proposed services. The amenities must be available within 6 months of the project’s placed-in-service date. Applicants must commit that services will be provided for a period of 15 years.

Items 1 through 6 are applicable to Large Family, Senior, and At-Risk projects. Items 7 through 12 are applicable to Special Needs and SRO projects. Items 1 through 12 are mutually exclusive. One proposed service may not receive points under two different categories.

Projects that provide high-quality services designed to improve the quality of life for tenants are eligible to receive points for service amenities. Services must be appropriate to meet the needs of the tenant population served and designed to generate positive changes in the lives of tenants. An application proposing a project located on multiple scattered sites (all sites within a five-mile diameter range) shall be scored proportionately in the site and service amenities based upon (i) each site’s score, and (ii) the percentage of units represented by each site.


Other Services Specialist as listed above, except: Minimum ratio of 1 FTE Services Specialist to 1,000 bedrooms.

(3)



(4)



(5)

(6)



b) Special Needs and SRO projects:(7)

Case Manager as listed above, except:Minimum ratio of 1 FTE Case Manager to 160 bedrooms.


N/A

N/A

3 points

N/A

N/A

N/A

2 points

5 points

2 points


3 points

3 points

5 points

5 points

N/A

5 points

7 points

N/A

N/A

N/A 3 points

Adult educational, health and wellness, or skill building classes. Includes but is not limited to: financial literacy, computer training, home-buyer education, GED, resume building, ESL, nutrition, exercise, health information/awareness, art, parenting, on-site food cultivation and preparation, and smoking cessation classes. Minimum of 84 hours of instruction each year (42 hours for small developments of 20 units or less).

5 pointsN/A

Health and wellness services and programs. Such services and programs shall provide individualized support to tenants (not group classes) and need not be provided by licensed individuals or organizations. Includes, but is not limited to visiting nurses programs, intergenerational visiting programs, or senior companion programs. Minimum of 100 hours of services per year for each 100 bedrooms.

Case Manager. Responsibilities must include (but are not limited to) working with tenants to develop and implement an individualized service plan, goal plan or independent living plan. Minimum ratio of 1 Full Time Equivalent (FTE) Case Manager to 100 bedrooms.

N/A

N/A

N/A

3 points


(8)

Service Coordinator or Other Services Specialist as listed above, except:Minimum ratio of 1 FTE Case Manager to 600 bedrooms.

(9)



(10)

(11)

(12)

After school program for school age children as listed above, except:

Minimum of 6 hours per week, offered weekdays throughout the school year.

After school program for school age children as listed above, except:

Minimum of 4 hours per week, offered weekdays throughout the school year.

The service budget spreadsheet must be completed. Total Points for Service Amenities:

N/A

N/A 2 points

N/A 3 points

N/A 2 points

N/A Health or behavioral health services provided by appropriately-licensed organization or individual. Includes but is not limited to: health clinic, adult day health center, medication management services, mental health services and treatment, substance abuse services and treatment.

5 points

N/A

3 points

N/A Adult educational, health and wellness, or skill building classes. Includes but is not limited to: financial literacy, computer training, home-buyer education, GED, resume building, ESL, nutrition, exercise, health information/awareness, art, parenting, on-site food cultivation and preparation, and smoking cessation classes. Minimum of 84 hours of instruction each year (42 hours for small developments of 20 units or less).

5 points

3 pointsN/A

N/A

5 pointsService Coordinator or Other Services Specialist. Service coordinator responsibilities shall include, but are not limited to: (a) providing tenants with information about available services in the community, (b) assisting tenants to access services through referral and advocacy, and (c) organizing community-building and/or other enrichment activities for tenants (such as holiday events, tenant council, etc.). Other services specialist must provide individualized assistance, counseling and/or advocacy to tenants, such as to assist them to access education, secure employment, secure benefits, gain skills or improve health and wellness. Includes, but is not limited to: Vocational/Employment Counselor, ADL or Supported Living Specialist, Substance Abuse or Mental Health Counselor, Peer Counselor, Domestic Violence Counselor. Minimum ratio of 1 FTE Service Coordinator or Other Services Specialist to 360 bedrooms.

5 points

5 points

0



N/A


D. Sustainable Building MethodsREVIEW REG. SECTION 10325(c)(6) BEFORE PROCEEDINGAPPLICANTS WILL BE HELD TO REGULATORY REQUIREMENTS. THIS APPLICATION MAYCONTAIN ABBREVIATED DESCRIPTIONS OF THE REQUIREMENTS FOR THIS SECTION.

D(1) New Construction and Adaptive Reuse projects select from the following features:a. 0 Points

b. ENERGY EFFICIENCYEITHER: Energy efficiency as indicated in Reg. Section 10325(c)(6)(B) beyond the requirements in

the 2016 Title 24, Part 6 of the California Building Code (2016 Standards):Better than the 2016 Standards 0 Points

If the local building department has determined that building permit applications submitted on or before December 31, 2016 are complete, then energy efficiency beyond the requirements in the 2013 Title 24, Part 6 of the California Building Code (2013 Standards) 0 PointsBetter than the 2013 Standards

OR: Energy efficiency with renewable energy that provides the following percentages of project tenants' energy loads:Low Rise (1-3 habitable stories) 0 Points

Multifamily of 4+ habitable stories 0 Points

D(2) Rehabilitation projects select from the following features:a.

0 Points

b.

Improvement over current:0 Points

c. Additional rehabilitation project measures (chose one or more of the following three categories):

1. PHOTOVOLTAIC / SOLAR 0 Points

2. SUSTAINABLE BUILDING MANAGEMENT PRACTICES, INCLUDING BOTH OF THE FOLLOWING: 0 PointsDevelop project-specific maintenance manual, including information on all energy and green building featuresUndertake formal building systems commissioning, retro-commissioning, or re-commissioning

3. 0 Points

D(3) New Construction and Rehabilitation projects:d. WATER EFFICIENCY: 0 Points

To receive these points, the applicant and the project architect must certify in the application which of the above items will be included in the project’s design and specifications, and further must certify at the project’s placed-in-service date that the items were completed.In addition, certain point categories require completion of the TCAC Sustainable Building Method Workbook and accompanying documentation by a qualified energy analyst at application and placed-in-service stages. Refer to Reg. Section 10325(c)(6), Checklist Item Tab 25, and the TCAC website for requirements related to the TCAC Sustainable Building Method Workbook. Refer to Reg. Section 10325(c)(6)(G) for specific Compliance and Verification requirements. Projects receiving points under this

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A


N/A

N/A

Maximum 5 Points


N/A

N/A

INDIVIDUALLY METER (OR SUB-METER CURRENT MASTER-METERED) GAS, ELECTRICITY, OR CENTRAL HOT WATER SYSTEMS FOR ALL TENANTS

Rehabilitate to improve energy efficiency; points awarded based on percentage decrease in estimated Time Dependent Valuation energy use post-rehabilitation:

N/A

N/A


category that fail to meet the requirements of Reg. Section 10325(c)(6) will be subject to negative points under Section 10325(c)(3).Total Points For Sustainable Building Methods:

E. Lowest Income

E(1) Lowest Income Restriction for All UnitsThe “Percent of Area Median Income” category may be used only once. For instance, 50% of Income Targeted Units to Total Tax Credit Units at 50% of Area Median Income (AMI) cannot be used twice for 100% at 50% and receive 50 points, nor can 50% of Income Targeted Units to Total Tax Credit Units at 50% of Area Median Income for 25 points and 40% of Income Targeted Units to Total Units at 50% of Area Median Income be used for an additional 20 points. However, the “Percent of Income Targeted Units” may be used multiple times. For example, 50% of Targeted Units at 50% of Area Median Income for 25 points may be combined with another 50% of Targeted Units at 45% of Area Median Income to achieve the maximum points. All projects must score at least 45 points in this category to be eligible for 9% Tax Credit.RESYNDICATION PROJECTS CHOOSING HOLD HARMLESS RENTS CANNOT RECEIVE LOWEST INCOME POINTS FOR HOLD HARMLESS RENTS. CURRENT RENT LIMITS MUST BE USED FOR LOWEST INCOME POINT SCORING.*Only projects competing in the Rural Set-aside may use the 55% AMI column and selected targeting in the 50% AMI column.**60% AMI is included as a place-holder and will not receive any additional points.

17.5

0

12.5

20 22.515

7.510 12.5

12.5

17.515

Maximum 52 Points

15%

47.5

17.5

5080%

0

12.5 15

20%7.5

2017.5

20

0

0

0

0 12.510

55

107.5

010%

Percent of Area Median Income (AMI)

10

15

35

30

15

25

50 Points

*55% 50% 45% 40% 35%

32.5

30%45

**60%

42.5 45 47.575% 040 42.5 4570% 0

35 37.5 40 42.565% 032.5 35 37.5 4060% 0

32.5 35 37.555% 0 30

45% 025* 27.5

22.5*0

3030 32.5

22.5 25 27.525

40% 0 17.527.5

20 22.520

0 15 17.5

22.525%

2.5


Units (exclusive of mgr.’s units)

50%

25 27.535%30%


Total Points Requested:*IF 60% AMI UNITS ARE LESS THAN 10% OF TOTAL UNITS, LEAVE CELL E648 BLANK.

E(2) Lowest Income for 10% of Total Restricted Units at 30% AMIA project that agrees to have at least 10% of its units available for tenants with incomes no greater than 30% AMI and

agrees to restrict the rents on those units accordingly can receive two additional points. The 30% AMI units must be spreadacross the various bedroom sizes, starting with the largest bedroom count units (e.g. four bedroom units) and working down to the smaller bedroom count units, assuring that at least 10% of the larger units are proposed at 30% AMI. So long as theproject meets the 10% standard as a whole, the 10% standard need not be met among all of the smaller units. TCAC maycorrect applicant errors in carrying out this largest-to-smallest unit protocol.

Lowest Income for 10% of Total Restricted Units at 30% AMI Points:

Total Points for Lowest Income:

00

0

2 Points

-0.0000

0

00

00

0

0

60

0

0.000.00

Percentage of Units to Total Units

(before rounding down)

SRO 0 0

Percent of Area Median Income

(AMI)(30%- 55%)

0

Total: 0 0

5 BR 0

00

30 0.00 035 0.00 0 0

0.00

0.0045

Consolidate your units before entering your information into the tableDo not enter any non-qualifying units into the table

Number of Targeted Tax Credit Units


Units (exclusive of mgr.’s units) Points Earned

Bedroom Selection

Total Number of Tax Credit Units

per Bedroom Size

Number of Targeted Tax

Credit Units @ 30% AMI

Percentage of Units to Total

Units (by bedroom size)

0

0 -Rural only0 0

0.00004 BR 0 0 0.0000

0 0.00003 BR

0

0

1 BR 0 0 0.00002 BR 0 0 0.0000

40 0.00

-Rural only

50 0.00


F. Readiness to Proceed

Points are available to applications documenting each of the categories below, up to a maximum of 15 points. Within the application the following must be delivered (see Regulation Section 10325(c)(8) and the Checklist Items for additional information):

Readiness to Proceed Maximum 15 Points

(i) Enforceable commitment for all construction financing, as evidenced by executed 5 pointscommitment and payment of commitment fees

(ii) Evidence, as verified by the appropriate officials, that all environmental review clearances 5 points(CEQA, NEPA, applicable tribal land environmental reviews) necessary to begin construction, except for clearances related to loans with must pay debt service for which the applicant is not seeking public funds points or tiebreaker benefit (except the Tranche B calculation),are either finally approved or unnecessary

(iii) All necessary public or tribal land use approvals subject to the discretion of local or tribal elected officials 5 points

15 points will be available to projects that document all of the above and are able to begin construction within 180 days of the Credit Reservation, as evidenced by submission of the following within 180 days* of the Credit Reservation: updated application form and explanation of changes, executed construction contract, breakdown of lender-approved construction costs, recorded deeds oftrust for all construction financing, binding commitments for permanent financing and any other required financing, a limited partnershipagreement executed by the general partner and the investor providing the equity, payment of all construction lender fees, issuance of building permits (see TCAC Regulation Section 10325(c)(8) for additional guidance), and notice to proceed delivered to the contractor. If no construction lender is involved, evidence must be submitted within 180 days after the Credit Reservation is made that the equity partner has been admitted to the ownership entity and that an initial disbursement of funds has occurred. Failure to meet this timeline will result in rescission of the Credit Reservation. In addition to the above, all applicants receiving any points under this subsection must provide an executedLetter of Intent (LOI) from the project's equity partner within 90 days of the credit reservation. The LOI must include those featurescalled for in the CTCAC application (See Appendix for requirements).

In the event that one or more of the above criteria have NOT been met, 5 points may be awarded for each one that has been met.In such cases, the 180-day requirements shall not apply to projects that do not obtain the maximum points in this category.The 90-day requirements apply to all projects requesting any points under this category.

*After the Credit Reservation date TCAC will randomly assign a 180 day deadline for half of the awarded projects and a 194 day deadlinefor the remaining half of the projects.

Total Points for Readiness to Proceed: 0

N/A

N/A

N/A


A. General Partner & Management Company Experience A(1) General Partner ExperienceA(2) Management Company Experience

B. Housing Needs C. Site & Service Amenities

C(1) Site Amenities C(2) Service Amenities

D. Sustainable Building Methods E. Lowest Income & 10% of Units Restricted @ 30% AMI

E(1) Lowest Income E(2) 10% of Units Restricted @ 30% AMI

F. Readiness to Proceed *Negative Points (if any, please enter amount:)

00

0

MAXIMUM POINTS

0

0.0

0

00

0.0

NO MAX150

0

0.0 52.0

050.00.0

2

TOTALPOINTS

VI. POINTS SYSTEM - SECTION 2: POINTS SYSTEM SUMMARY

All Projects: Total Possible Points: 116, Minimum Point Threshold: 98

0

6

10

00

03

50101525

APPLICANT POINTS

9 0

Total Points:

*Negative points given to general partners, co-developers, management agents, consultants, or any member or agent of the Development Team may remain in effect for up to two calendar years, but in no event shall be in effect for less than one funding round. Furthermore, negative points may be assigned to one or more Development Team members, but do not necessarily apply to the entire Team. Negative points assigned by the Executive Director may be appealed to the Committee under appeal procedures enumerated in the regulations.

April 28, 2017 Version 42 Service Amenities Budget 6/1/2017

Name of Applicant: Number of units in project: 0Name of Project: Number of bedrooms in project: 0

Housing type: (select one)

Family, Senior or At-Risk Projects1. Service Coordinator2. Other Services Specialist3. Adult education, health, skill building classes4. Health and wellness services and programs5. Licensed child care*6. After school program*Special Needs or SRO projects7. Case manager8. Service Coordinator or Other Services Specialist9. Adult education, health, skill building classes10. Health or behavioral health services11. Licensed child care*12. After school program*

Other Services:

TOTAL $0

1 Applicants proposing to provide item #10 do not need to provide this information. Items 5, 6, 11, 12 may be shown as # of Hours per Week. 1 FTE = 2,080 hours per year.2 Committed documentation (letter, MOU, contract) MUST be attached in Exhibit 24 and MUST describe service quantity and dollar amounts consistent with this budget.

Cash Flow from Operation, Grant, In Kind,

or Others

Type of Commitment Attached (e.g. letter, MOU, contract)2

Quantity of Services

Committed (Hours/Yr or

FTE)1

VI. POINTS SYSTEM - SECTION 3: SERVICE AMENITIES SOURCES AND USES BUDGET

Complete the yellow-shaded areas of the services budget below, including information on the source and use of each service funding commitment. Do not alter the format of this spreadsheet. Rows may be added as needed to provide additional details regarding the services to be provided.

Services to be Provided

00

Name of Service ProviderTotal Dollars Committed


This section is included in the application for self-scoring. Be aware that TCAC will use self scores to determine which projects undergo furtherreview in the competition, including the verification of self scores, for possible reservation of tax credits. TCAC will not verify or evaluate everyproject’s self score. Project’s that self score too low to successfully compete for a reservation of tax credits will not undergo any further reviewby TCAC.

Review TCAC Reg. Section 10325(c)(10). Provide evidence of committed permanent public funds in Tab 20 and evidence of public subsidies, if any, in Tab 17.

Projects with commercial/non-residential costs will have committed public funds discounted by the percentage of the project proposed to becommercial or non-residential.

Ineligible off-site costs should be excluded from both numerators and denominators. Enter a positive number for the "Ineligible Offsites" under the list of leveraged soft financing below. Ineligible Off-site costs will be automatically excluded from both the numerators and the denominators.

Evidence of land value is required (see Tab 1). The value of the land per TCAC Regulations must be included in "Total residential project developmentcosts" below as evidenced in Tab 1 of the application. Donated land value must be included in Total Project Cost and the Sources and Uses Budget.

Final Tie Breaker Formula:


SOFT FINANCING BASIS REDUCTIONTranche B, if applicable (calculate below) $0 Total basis reductionTotal donated land value Total fee waiversList leveraged soft financing excluding donated land and fee waivers:

Less: Ineligible OffsitesTotal leveraged soft financing excluding donated land and fee waivers $0

TOTAL $0

MIXED USE PROJECTSFor mixed-use projects, the permanent public fund numerator must be discounted/reduced by the mixed-use ratio below.Mixed-use projects: Total commercial cost / Total project cost:THE PRORATED COMMERCIAL COST DEDUCTION TO SOFT FUNDS MUST BE CALCULATED FIRST, BEFORE APPLYING ANY SUBSIDY ADJUSTMENT/INCREASE TO THENUMERATOR (REGULATION SECTION 10325(c)(10)(A)). TCAC staff may adjust this ratio as deemed appropriate.Sample formula (commercial costs) for numerator Committed permanent soft funds defraying residential costs =(G44)*(1-J49)

SIZE FACTORNew construction

Tax credit units: 0

#DIV/0!


Committed, permanent, leveraged soft financing defraying residential costs X size factor X subsidy percentage factor

Requested unadjusted eligible basis + amount of basis reduction up to leveraged soft

financing exclusive of donated land and fee waivers

VII. TIE BREAKER SYSTEM - FINAL TIE BREAKER SELF-SCORE

$0

+ (( 1 ) /3)


Size factor:


RENTAL/OPERATING SUBSIDY BOOSTFor projects with public operating or rental subsidies listed in Reg. Section 10325(c)(10)(A), calculate the percentage increase below and increase the soft funds numerator by the adjustment percentage.Operating and rental subsidies: % of subsidized units: #DIV/0! Subsidy adjustment/increase to permanent public funds numeratorThe number of rental subsidy units and the number of (This adjustment is calculated in the numerator after any commercialoperating subsidy units are cumulative, up to 100%. cost adjustment).

FINAL TIE BREAKER CALCULATIONSoft financing less commercial proration #DIV/0! Requested unadjusted eligible basisSoft financing with size factor #DIV/0!With rental/operating subsidy boost #DIV/0!

#DIV/0!#DIV/0!

Tranche B calculationFor purposes of the public funds points section and the final tie breaker, a Tranche B loan is the lesser of the actual commitment amountor the following. Please note, an application must include a private Tranche B loan supported by a public subsidy to utilize this calculation.Rental Income Differential: Rent Limit:

40% AMI (SRO/SpN)

OR Public Calculated50% AMI Subsidy Annual

Unit Type # of Units (ALL OTHER) Contract Rent RentSRO $0SRO $0SRO $0SRO $0SRO $0SRO $0

TOTAL $0

Rental Income Differential $0Less Vacancy 5.0%Net Rental Income $0Available for debt service @ 1.15 DSC ratio: $0

Loan term (years) 15Interest rate (annual) 6.0%DSC ratio 1.15

Loan amount per TCACunderwriting standards: $0

Actual Tranche Bloan amount:

#DIV/0!#DIV/0! #DIV/0!

#DIV/0!

+ (( 1 ) /3) =

$0

April 28, 2017 Version 45 15 Year Pro Forma








Total Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0



0 0 0 0 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0





Total Other Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0










Subsidy Contract





Subsidy Contract





0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0


DOUBLE CHECK $0



“Post-award Project Cost Changes” tracks project cost changes over the development period. Applicants should use this spreadsheet to track and explain changes to project costs between application and completion. In order to use this spreadsheet, you can break the link to the original application Sources and Uses Budget before updating the application for carryover submission.

1. Go down the column “ORIGINAL APPLICATION TOTAL PROJECT COST – RESIDENTIAL” and highlight all yellow-colored cells. 2. Right click (or use a keyboard shortcut) to COPY. 3. Right click again and select PASTE SPECIAL. Choose PASTE VALUES. This will break the links to the Sources and Uses Budget for thi 4. When you update the Sources and Uses Budget for the first time, columns C and D will update and the “ORIGINAL APPLICATION TOTA will retain the original application numbers. Repeat steps 1-3 when submitting the placed in service application, to keep the updated Readi

5. When submitting the placed in service application, change the Cost Variance formula cells to a D-B formula (example: the formula in E5 be 6. Make any necessary notes detailing reasons for changes to the costs in the “NOTES” column.

April 28, 2017 Version 1 Post-award Project Cost Changes6/1/2017

Please review Instructions sheet before completing.SOURCES AND USES BUDGET COMPARISON

ORIGINAL APPLICATION

TOTAL PROJECT

COST - RESIDENTIAL

READINESS TOTAL

PROJECTCOST -

RESIDENTIAL


PROJECTCOST -

RESIDENTIALCOST


Land Cost or Value $0 $0 $0 $0Demolition $0 $0 $0 $0

Legal $0 $0 $0 $0Land Lease Rent Prepayment $0 $0 $0 $0

Total Land Cost or Value $0 $0 $0 $0Existing Improvements Value $0 $0 $0 $0

Off-Site Improvements $0 $0 $0 $0Total Acquisition Cost $0 $0 $0 $0

Total Land Cost / Acquisition Cost $0 $0 $0 $0Predevelopment Interest/Holding Cost $0 $0 $0 $0


$0 $0 $0 $0

Other: (Specify) $0 $0 $0 $0REHABILITATION

Site Work $0 $0 $0 $0Structures $0 $0 $0 $0

General Requirements $0 $0 $0 $0Contractor Overhead $0 $0 $0 $0

Contractor Profit $0 $0 $0 $0Prevailing Wages $0 $0 $0 $0

General Liability Insurance $0 $0 $0 $0Other: (Specify) $0 $0 $0 $0

Total Rehabilitation Costs $0 $0 $0 $0Total Relocation Expenses $0 $0 $0 $0

NEW CONSTRUCTIONSite Work $0 $0 $0 $0Structures $0 $0 $0 $0

General Requirements $0 $0 $0 $0Contractor Overhead $0 $0 $0 $0

Contractor Profit $0 $0 $0 $0Prevailing Wages $0 $0 $0 $0

General Liability Insurance $0 $0 $0 $0Other: (Specify) $0 $0 $0 $0

Total New Construction Costs $0 $0 $0 $0ARCHITECTURAL FEES

Design $0 $0 $0 $0Supervision $0 $0 $0 $0

Total Architectural Costs $0 $0 $0 $0Total Survey & Engineering $0 $0 $0 $0

CONSTRUCTION INTEREST & FEESConstruction Loan Interest $0 $0 $0 $0

Origination Fee $0 $0 $0 $0Credit Enhancement/Application Fee $0 $0 $0 $0

Bond Premium $0 $0 $0 $0Cost of Issuance $0 $0 $0Title & Recording $0 $0 $0 $0

Taxes $0 $0 $0 $0Insurance $0 $0 $0 $0

Other: (Specify) $0 $0 $0 $0Other: (Specify) $0 $0 $0 $0

Total Construction Interest & Fees $0 $0 $0 $0PERMANENT FINANCING

Loan Origination Fee $0 $0 $0 $0Credit Enhancement/Application Fee $0 $0 $0 $0

Title & Recording $0 $0 $0 $0Taxes $0 $0 $0 $0

Insurance $0 $0 $0 $0Other: (Specify) $0 $0 $0 $0Other: (Specify) $0 $0 $0 $0

Total Permanent Financing Costs $0 $0 $0 $0Subtotals Forward $0 $0 $0 $0

LEGAL FEESLender Legal Paid by Applicant $0 $0 $0 $0

Other: (Specify) $0 $0 $0 $0Total Attorney Costs $0 $0 $0 $0

RESERVESRent Reserves $0 $0 $0 $0

Capitalized Rent Reserves $0 $0 $0 $0Required Capitalized Replacement Reserve $0 $0 $0 $0

3-Month Operating Reserve $0 $0 $0 $0Other: (Specify) $0 $0 $0 $0

Total Reserve Costs $0 $0 $0 $0APPRAISAL

Total Appraisal Costs $0 $0 $0 $0Total Contingency Cost $0 $0 $0 $0

OTHER PROJECT COSTSTCAC App/Allocation/Monitoring Fees $0 $0 $0 $0

Environmental Audit $0 $0 $0 $0Local Development Impact Fees $0 $0 $0 $0

Permit Processing Fees $0 $0 $0 $0Capital Fees $0 $0 $0 $0

Marketing $0 $0 $0 $0Furnishings $0 $0 $0 $0

Market Study $0 $0 $0 $0Accounting/Reimbursables $0 $0 $0 $0

Soft Cost Contingency $0 $0 $0 $0Other: (Specify) $0 $0 $0 $0Other: (Specify) $0 $0 $0 $0Other: (Specify) $0 $0 $0 $0Other: (Specify) $0 $0 $0 $0Other: (Specify) $0 $0 $0 $0

Total Other Costs $0 $0 $0 $0SUBTOTAL PROJECT COST $0 $0 $0 $0

DEVELOPER COSTSDeveloper Overhead/Profit $0 $0 $0 $0

Consultant/Processing Agent $0 $0 $0 $0Project Administration $0 $0 $0 $0

Broker Fees Paid to a Related Party $0 $0 $0 $0Construction Oversight by Developer $0 $0 $0 $0

Other: (Specify) $0 $0 $0 $0Total Developer Costs $0 $0 $0 $0

TOTAL PROJECT COSTS $0 $0 $0 $0 Note: Syndication Costs may not be included as a project cost.

I Instructions


Mail the application materials to TCAC at: 915 Capitol Mall, Room 485, Sacramento, CA 95814.Enclose a $2,000 application filing fee in the form of a check. If the local reviewing agency hasagreed to waive it's $1,000 portion of the fee, enclose written confirmation of this from the local reviewing agency. Refer to the TCAC website for application deadlines:http://www.treasurer.ca.gov/ctcac/meetings/schedule.pdfhttp://www.treasurer.ca.gov/ctcac/2017/lra/index.asp

Should you find any errors in the electronic version, please contact [email protected] assistance. For general application questions, please contact the regional analyst.http://www.treasurer.ca.gov/ctcac/assignments.asphttp://www.treasurer.ca.gov/ctcac/assignments.asp






(i) TWO ELECTRONIC APPLICATIONS WITH ALL ATTACHMENTS (CD, DVD, ORUSB FLASH DRIVE) TO TCAC. THE APPLICATION MUST BE SIGNED AND NOTARIZED.



http://www.treasurer.ca.gov/ctcac/meetings/schedule.pdf

http://www.treasurer.ca.gov/ctcac/2017/lra/index.asp









choices provided in the "pull-down" menu for that item. (iii) All applicable cells must be completed by the applicant.


c) Sources and Uses BudgetIn this section, the applicant must complete the yellow cells. Permanent Lenders are automatically pulled from a previous section for up to 12 lenders. Be sure each funding source total at the bottom of the sheet corresponds to the loan totals under Permanent Lenders.

d) Basis and CreditsIn this section, the applicant must only complete any Ineligible Basis items and the applicable tax credit factors that apply to the project as evidenced by the syndication letter (please refer to the checklist for Attachment 16).

e) 15 Year Pro FormaThis sheet is linked to the income and expense section of the Application sheet.Complete all applicable items, making any necessary changes. The worksheet may be adjustedto meet project specifications, but the overall formatting and formulas should not be changed.

f) Checklist ItemsFollowing the checklist items in sequence with the completion of the electronic application isencouraged to help prevent omitting any required documentation.

g) Post Award Project Cost ChangesIn this section, the applicant provide updated Sources and Uses Budget information over thecourse or the project development. Separate instructions exist for this section at the end of this Excel file.


II Application




3) Federal Credit Amount requestedThe annual federal credit amount will auto-populate after credits have been calculated inthe Basis and Credits sheet.

4) Applicant StatementAfter carefully reading the applicant statement and certification, the applicant must provide an originally signed and notarized applicant certification.





C Credit Amounts RequestedThe annual federal credit amount will all be auto-populated after credits have been calculated inthe Basis and Credits sheet.


E Housing Type Selection (TCAC Reg. Sections 10315(g) & 10325(g))1) Toggle the selected housing type.2) The applicant must select at least one housing type.

F Geographic Area (TCAC Reg. Section 10315(h))Select the appropriate TCAC geographic area.












Section 10326(g)(7).2) Select "Yes" or "No" to answer if a New Construction project is proposing demolition.


B Acquisition and Rehabilitation/Rehabilitation-only Projects Toggle to select the appropriate answers. Answer the questions regarding resyndication, if applicable.


D Project, Land, Building and Unit Information1) Project Type.

a) Select the housing type(s) proposed.b) All housing types proposed must be identified.c) Identify all buildings with and/or without an elevator.


F Building Information1) Indicate the total number of commercial, rental and community service buildings.2) If Commercial Space, explain the use, size, location, purpose, and reasoning behind the use.3) Indicate if buildings are on a contiguous site.






a) Fill in all highlighted lines. These should be consistent with Attachment 14: Verification of Zoning.2) Development Timetable

a) Complete the highlighted line for the estimated timetable for the development and completion ofthe project.





Tax-Exempt Bond Financing1) Tax-Exempt Bond Financing

a) If the project receives tax-exempt bond financing for more than 50% of the aggregate basis,enter "Yes"

2) CDLAC Allocationa) Indicate if a CDLAC allocation has been received.

(i) Prior or concurrent submission to CDLAC is a requirement before applying for tax creditsb) Enter date application was submitted and/or approved at CDLAC.

3) a) Enter estimated date of Bond Issuance.b) Enter percentage of aggregate basis financed by the bonds.c) Name of Bond Issuer will be auto-populated after it has been entered in the "Development Team

Member" section.3) Credit Enhancement Provider

a) Provide the name, phone number and contact person of any entity providing creditenhancement and the type of enhancement provided.




b) The public housing authority (PHA) or the California Energy Commission (CEC) utility allowance listed in the attachments must be the same shown on this page.



B Manager Unit(s)Fill in the appropriate information by unit type in ascending order similar to the low-income units.

C Market Rate UnitsFill in the appropriate information by unit type in ascending order similar to the low-income unitsif applicable.



F Monthly Resident Utility Allowance by Unit Size Complete the highlighted cells in the table. Totals will auto-populate as the highlighted cells arecompleted.NOTE: Must match the Utility Allowances provided by the public housing authority (PHA) or



NOTE: All listed items should be annual.2) No depreciation or amortization expenses are allowed.3) Fill in the annual operating expense amounts for the following line items as appropriate:

a) Administrative Expensesb) Management Fee (must be supported by contract document)c) Utilitiesd) Payroll/Payroll Taxese) Maintenancef) Other:

4) Total and total per unit will be auto-populated after highlighted cells have been completed.5) Complete all highlighted cells




Indicate/identify the loan type and grant subsidies that are proposed for the project. Identify theinclusion/exclusion from eligible basis for each subsidy. Funds must be listed according to theactual source of funds. For example, if an agency is providing a loan that includes HOME andCDBG funds, the funding must be listed separately for each source and amount.










V Basis and Credits








2) The federal tax credit factor must match the required syndication letter or tax credit factor certification.



Applicants must submit all of the application materials electronically on a USB flash drive, CD, or DVD (no hardcopy paper documents except for the signed notarized applicant statement). Electronic submissions have replaced the previous hardcopy binders in an effort to enhance consistency of information, increase efficiency, and minimize the amount of paperwork required for a TCAC application. TCAC will not accept submissions of application documents by email or over the internet.


For Attachments 4-18, only Attachment 14 must be submitted as PDF versions of original hardcopies. All other attachments may be completed and submitted in their original electronic format utilizing electronic signatures. Attachment 14 requires a public agency signature and cannot utilize an e-signature function.



http://www.treasurer.ca.gov/ctcac/assignments.asphttp://www.treasurer.ca.gov/ctcac/contacts.asp




TAB 1







Appraisals are required for: ● all rehabilitation applications except as noted in TCAC Regulation Section 10322(h)(9)(A); and● all new construction applications involving a land sale from a related party.







2017 APPLICATION CHECKLIST - 4% (TAX-EXEMPT BOND FINANCED PROJECTS)


REQUESTING ONLY FEDERAL CREDITS OR WITH STATE FARMWORKER CREDITS

SUBMIT THE APPLICATION WITH ATTACHMENTS TO TCAC ANDONE COPY OF THE APPLICATION AND ATTACHMENTS TO THE LOCAL REVIEWING AGENCY


TAB 2

FINANCIAL FEASIBILITY (Part III - Application - Sections 1-4; Part IV)Reg. Section 10326(g)(4) & 10327(c)

Financing planReg. Section 10322(h)(16)The financing plan should include sufficient detail outlining construction and permanent financing structures. Projects with land and acquisition costs greater than the appraised value must provide an explanation of the higher cost (if not included in Tab 1). Applications with non-arm's length transactions must demonstrate that the seller is not benefiting from the higher purchase price. The Sources and Uses Budget must includea corresponding funding source for cost in excess of the appraised value and this must demonstrate that there is no effect on the tax credit basis calculation or the "gap" analysis. Projects with existing debt must also document the remaining principal balances of existing loans, and indicate whether the debt will be repaid or transferred to the new partnership. Accrued interest should be documented, and may be estimated as of the application dateor as of the expected date of the permanent financing close.


TCAC developer fee limitations and deferral/equity contribution requirements: confirm project complies with the TCAC limits per Reg. Section 10327(c)(2)(B).



The CUAC estimate is available to new construction applicants only. CUAC documentationmust be signed by a CABEC CEA qualifying under Reg. Section 10322(h)(21). Includein Tab 2 CUAC supporting documentation. See http://www.treasurer.ca.gov/ctcac/tax.asp for details. This supporting documentation is required and may be in the form of an electronic file (CD).Reg. Section 10322(h)(21)



For projects with commercial income only: include in Tab 2 a 15 year pro forma ofall commercial revenue and expense projections using TCAC underwriting standards in Reg. Sections 10322(h)(23), 10326(g)(4), and 10327(g)(7).

TAB 3


TAB 4

HOUSING TYPE--ADDITIONAL THRESHOLD REQUIREMENTS (Part II - Application - Section 2 - E)


The Large Family, Senior, SRO and Special Needs housing type requirements listed underSection 10325(g) are not applicable to non-competitive 4% projects.

TAB 5

APPLICANT/DEVELOPMENT TEAM (Part II - Application - Section 3)Reg. Section 10326(g)(5)




Provide evidence that a general partner meets the minimum scoring standards of Section 10325(c)(2)(A) and include a signed ATTACHMENT 21: General Partner (G.P.) Experience

General partners lacking documented experience with IRC Section 42 requirements (using the minimum scoring standards of TCAC Regulation Section 10325(c)(2)) must indicate they plan to complete training as prescribed by TCAC prior to a project'splacing in service. This application must include documentation confirming the applicanthas discussed the required training with TCAC compliance management.


TAB 6



Provide evidence that the property management company meets the minimum scoring standards of Section 10325(c)(2)(B) and include a signed: ATTACHMENT 22: Management Company Experience

Property management companies lacking documented experience with IRC Section 42requirements (using the minimum scoring standards of TCAC Regulation Section 10325(c)(2)) must indicate they plan to complete training as prescribed by TCAC prior to a project's placing in service. This application must include documentation confirmingthe applicant has discussed the required training with TCAC compliance management.


TAB 7





If 10-year rule waiver is necessary, letter from federal official that project qualifies under IRC Section 42(d)(6)Reg. Section 10322(h)(25)(C)

TAB 8


Appraisal Reg. Sections 10322(h)(9) and (26)(A)See also TCAC guidance memo: http://www.treasurer.ca.gov/ctcac/2013/guidance.pdfand TCAC Regulations Section 10322(h)(9).

Applicant is forgoing the appraisal requirement and using an acquisition basis equal to thesum of assumed third party debt encumbering the property. Provide a reasonable proration of land and improvement basis consistent with similar projects in the market area, includinginformation for how this proration was determined, and by whom.Reg. Sections 10322(h)(9) and 10327(c)(6)

Evidence from the applicable third party(ies) of the total outstanding principal balances for the assumed debt.Reg. Section 10322(h)(9)

Purchase contract (if not already included in Tab 1)Reg. Section 10322(h)(9)(A)(vi)



A detailed breakdown of the proposed rehabilitation work to be undertaken includingthe approximate percentage of units and/or percentage of the component/feature to berehabilitated or replaced, and the approximate cost of each corresponding to thestructures line of the development budget of the applicationProvide evidence of eligibility and include: ATTACHMENT 8: Rehabilitation Summary



If the existing regulatory agreement for the resyndication project contains a requirement to provide service amenities, even if that requirement has expired, the project shall provide a similar or greater level of services for a period of at lease 15 years under the new regulatory agreement. A project obtaining maximum CDLAC points for services shall be deemed to have met this requirement. If the project has exhibited cash flow of less than $20,000 for at least each of the last 3 years, has no hard debt and failed to break even in year-15 with services, orwithin the next 5 years will lose a rental or operating subsidy that was factored into the project'sinitial feasibility, the Executive Director may alter this requirement, provided that the serviceexpenditures shall be the maximum that project feasibility allows.


For a 40%/60% federal set-aside election, the applicant may use the hold harmless rent limits only for units targeted and restricted in the new regulatory agreement below 60% AMI.For the 15 Year Pro Forma, the annual 2.5% underwriting increase to income will be delayed (see the rent adjuster delay calculation below).

For a 20%/50% federal set-aside election, the applicant may use the hold harmless rent limits only for units targeted and restricted in the new regulatory agreement below 50% AMI.For the 15 Year Pro Forma, the annual 2.5% underwriting increase to income will be delayed (see the rent adjuster delay calculation below).
















Cap rate











(iii) general partner equity, and/or (iv) developer fee contributed to the project (a deferred developer fee does not qualify).




TAB 9







Owner-occupied housing application (Reg. Section 10322(h)(29))

TAB 10

Minimum Construction Standards (Part II - Application - Section 5 - D)The applicant statement includes a certification and guarantee that the minimum construction standards will be incorporated into the project. Review allconstruction requirements and the compliance and verification requirementslisted in Attachment 10 and in Reg. Section 10325(f)(7)Reg. Section 10326(g)(6)

New construction and rehabilitation projects: documentation of the applicant's consultation with the design team and a 2013 or 2016 CEA and a LEED Green Rater, NGBS Green Verifier, or GreenPoint Rater. Include a copy of the CEA's model results, meeting agenda, list of attendees, and major outcomes of the meeting.

New construction projects receiving points from CDLAC pursuant to Section 5230(k)(7) or (8) (for energy efficiency only): a Sustainable Building Method and Energy Efficiency Requirements Workbook and accompanying documentation, to be completed by a qualified energy analyst.





TAB 11


TAB 12


A narrative description of all adjacent property land uses, surrounding neighborhood identification and proximity of services, including transportationReg. Sect.10322(h)(8)(B)

Labeled color photographs or color copies of photos of the subject property and all adjacent properties Reg. Section 10322(h)(8)(C)






Construction and design description Reg. Section 10322(h)(11)Provide evidence of eligibility and include: ATTACHMENT 12: Construction and Design Description

Architectural drawings Reg. Section 10322(h)(12)Preliminary drawings of the proposed project, including a site plan that identifies all areas or features proposed as project amenities (laundry, recreational, common space facilities, etc.), building elevations, and unit floor plansInclude square footages.


TAB 13






All market studies, including the streamlined written statement, shall calculate the project's lifetime rent benefit as follow: 1) find the aggregate difference between current monthly market rents and the project's proposed target rents; 2) multiply the difference by 12 to arrive at an annual rent difference; and 3) multiply the annual rent difference by 55 years.

TAB 14

REQUIRED APPROVALS (Part II - Application - Section 6)Reg. Section 10326(g)(3)Evidence of local approvals and zoningProvide evidence of eligibility per regulation guidelines and include signed: ATTACHMENT 14: Verification of Zoning

TAB 15

Tax-Exempt Bond Financing Additional Information (Part III - Project Financing - Section 1 - B)Reg. Section 10326(e) and (h)Provide determination letter or letter requesting TCAC to determine the tax credits.

Verification provided by the bond issuer of the availability of the bond financing, the actual or estimated bond issuance date

Third party tax professional's certification/letter of the actual or estimated percentage of aggregate basis (includes land) financed by the proceeds of tax exempt bonds

Provide the name, phone number and contact person of any entity providing creditenhancement and the type of enhancement provided.

TAB 16

Syndication(Part III - Project Financing - Section 2 - A)Terms of syndication agreement. Use TCAC sample letter.Reg. Section 10322(h)(19)

Provide evidence of eligibility and include signed: ATTACHMENT 16: Terms of Syndication Agreement



Use of tax benefits, if credits are not to be syndicated Reg. Sec.10322(h)(18)

TAB 17

Evidence of Subsidies(Part III - Project Financing - Section 4)Evidence and Description of SubsidiesReg. Section 10322(h)(22)All requirements listed in Section 10322(h)(22) must be submitted.For the anticipated subsidy income above the tax credit targeted (AMI) tenant rental income,include the mathematical derivation of the subsidy shown in the Application, Part III - Project Financing - Section 3(D). Rental Subsidy Income/Operating Subsidyand the Subsidy Contract Calculation spreadsheet.This contract rent must be included in documentation from the subsidy provider.

OPTIONAL DOCUMENTATION: SUBSIDY LAYERING REVIEWFor projects that require a subsidy layering review (SLR), applicants may elect to provide the required SLR documentation as part of this application.


Please refer to the TCAC memo providing instructions and a list of requireddocuments: http://www.treasurer.ca.gov/ctcac/2015/application.asp

TAB 18Threshold Basis Limit Increases and Certifications(Part III - Project Financing - Section 5 - A)Reg. Section 10327(c)(5)(A) through (D)

Evidence from the assessing entity of impact fees to be chargedReg. Section 10327(c)(5)(E)Provide evidence of eligibility and include signed: ATTACHMENT 18(A): Local Development Impact Fees or other evidence from the assessing entity, such as current fee schedules.


Architect's certification of threshold basis limit increases/exceptionsProvide evidence of eligibility and include signed: ATTACHMENT 18(B): Architect Threshold Basis Certification

If claiming 20% threshold basis limit increase for payment of state or federal prevailing wages,provide an applicant certification and supporting documentation of (1) the legal requirement for a development paid out of public funds or (2) financing by a labor-affiliated organization. Includedocumentation of the labor-affiliated organization's prevailing wage requirement.Please review Reg. Section 10327(c)(5)(A) for the complete application requirements.





If claiming threshold basis limit increase/exception for required seismic upgrading and/or toxic or other environmental mitigation work, provide a cost breakdown/estimatefrom the architect or engineer corresponding to the threshold basis limit increaseshown in the application based on the lesser of the associated costs or 15%.Reg. Section 10327(c)(5)(D)



TAB 19

ELIGIBLE BASIS CERTIFICATION (Part V - Basis and Credits - Section 1 - A)Reg. Section 10322(h)(17)




If the project involves rehabilitation of existing buildings, the tax professional mustdetermine that project meets the minimum requirement outlined in Reg. Section 10326(g)(7).

TAB 20



TAB 21

LEAVE BLANK / NOT APPLICABLE - TABS 21 through 28 ARE NOT NEEDED FOR SUBMISSION

TAB 22


TAB 23


TAB 24


TAB 25


TAB 26


TAB 27


TAB 28


April 28, 2017 Version 1 Application

APPLICANT:

PROJECT NAME:

The undersigned applicant hereby makes application to the California Tax Credit Allocation Committee (“TCAC”) for a reservation of Federal and State Low-Income Housing Tax Credits (“Credits”) in the amount(s) of:

annual Federal Creditstotal State Farmworker Credits

for the purpose of providing low-income rental housing as herein described. I understand that Credit amount preliminarily reserved for this project, if any, may be adjusted over time based upon changing project costs and financial feasibility analyses which TCAC is required to perform on at least three occasions.


I acknowledge that if I receive a reservation of Tax Credits, I will be required to submit requisite documentation at the following stages: updated development timetable under regulation section 10326(j)(4), and the time the project is placed-in-service.


I certify that I have read and understand the provisions of Sections 10322(a) through (h) related to application filing deadlines, forms, incomplete applications, and application changes.

Check Only

2017 4% FEDERAL CREDIT WITH TAX-EXEMPT BONDS APPLICATION FOR LOW-INCOME HOUSING TAX CREDITS, INCLUDING STATE FARMWORKER CREDITS





I agree to hold TCAC, its members, officers, agents, and employees harmless from any matters arising out of or related to the Credit program.

I agree that TCAC will determine the Credit amount to comply with requirements of IRC Section 42 but that TCAC in no way warrants the feasibility or viability of the project to anyone for any purpose. I acknowledge that TCAC makes no representation regarding the effect of any tax Credit which may be allocated and makes no representationregarding the ability to claim any Credit which may be allocated.

I acknowledge that all materials and requirements are subject to change by enactment of federal or state legislation or promulgation of regulations.


I acknowledge that the Low-Income Housing Tax Credit program is not an entitlement program and that my applicationwill be evaluated based on the Credit statutes, regulations, and the Qualified Allocation Plan adopted by TCAC which identify the priorities and other standards which will be employed to evaluate applications.

I acknowledge that an award of federal or state Tax Credits does not guarantee that the project will qualify for TaxCredits. Both federal law and the state law require that various requirements be met on an ongoing basis. I agree that compliance with these requirements is the responsibility of the applicant.


I acknowledge that if I obtain an allocation of Federal or State Tax Credits, I will be required to enter into a regulatory contract that will contain, among other things, all the conditions under which the Credits were provided including the selection criteria delineated in this application.

I declare under penalty of perjury that the information contained in the application, exhibits, attachments, and any further or supplemental documentation is true and correct to the best of my knowledge and belief.

I declare under penalty of perjury that the information contained in the application, exhibits, attachments, and anyfurther or supplemental documentation is true and correct to the best of my knowledge and belief. I certify andguarantee that each item identified in TCAC’s minimum construction standards will be incorporated into the design of the project, unless a waiver has been approved by TCAC. I certify that, when requesting a threshold basis increase for development impact fees, the impact fee amounts are accurate as of the application date. In anapplication proposing rehabilitation work, I certify that all necessary work identified in the Capital Needs Assessment,including the immediate needs listed in the report, will be performed (unless a waiver is granted) prior to the project'srehabilitation completion.

I understand that any misrepresentation may result in cancellation of Tax Credit reservation, notification of the InternalRevenue Service and the Franchise Tax Board, and any other actions that TCAC is authorized to take pursuant to California Health and Safety Code Section 50199.22, issuance of fines pursuant to California Health and Safety Code Section 50199.10, and negative points per Regulation Section 10325(c)(3) or under general authority of state law.


I agree that TCAC is not responsible for actions taken by the applicant in reliance on a prospective Tax Credit reservation or allocation.


Dated this day of , 2017 at

, California.

By (Original Signature)


(Title)


STATE OF )

COUNTY OF )





Signature (Seal)

ACKNOWLEDGMENT


Local Jurisdiction:City Manager:Title:Mailing Address: City: Zip Code: Phone Number: Ext.FAX Number: E-mail:


City Manager










Project is located in a DDA: *Federal Congressional District:Project is located in a Qualified Census Tract: *State Assembly District:Project is a Scattered Site Project: *State Senate District:Project is Rural as defined by TCAC Regulation Section 10302(ll):*Accurate information is essential; the following website is provided for reference:https://www.govtrack.us/congress/members/map http://findyourrep.legislature.ca.gov/

C. Credit Amount Requested


E. Housing Type Selection

(Note: Housing Type is used to establish operating expense minimums under regulation section 10327(g)(1))

F. Geographic Area (Reg. Section 10315(h))Please select the project's geographic area:

(select one)


FederalState Farmworker

No

(select one)

(select one)

NoNo


(select one)

No

No






D. General Partner(s) Information




E. General Partner(s) or Principal Owner(s) Type *If Joint Venture, 2nd GP must be included ifapplicant is pursuing a property tax exemption

F. Status of Ownership Entity Reg. Section 10327(g)(2) - "TBD" not sufficientIf to be formed, enter date:

*(Federal I.D. No. must be obtained prior to submitting carryover allocation package)



(select one)

(select one)

(select one)

N/A

(select one)

#N/A

(select one)

(select one)

(select one)


N/AN/A

(select one)

N/A







Consultant: Market Analyst:Address: Address:City, State, Zip City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:

Appraiser: CNA Consultant:Address: Address:City, State, Zip City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:



Bond Issuer: Prop. Mgmt. Co.:Address: Address:City, State, Zip: City, State, Zip:Contact Person: Contact Person:Phone: Ext.: Phone: Ext.:Fax: Fax:Email: Email:

2nd Prop. Mgmt. Co.:Address:City, State, Zip:Contact Person:Phone: Ext.:Fax:Email:





If no, will it meet the waiver conditions of IRC Sec. 42(d)(6)?Acquisition basis is established using:Will the rehabilitation and/or the income and rent restrictions of Sec. 42 cause relocation of existing tenants?








N/A

N/A

No

N/A

N/A(specify here)

N/A

N/A

N/A

N/A

N/A

N/A

N/AN/A


N/A

N/A

N/A

N/A

N/AN/A

N/A

N/A

N/A

N/A

No


N/A

N/A

N/A

N/A








G. Project Unit Number and Square FootageTotal number of units:Total number of non-tax credit units (excluding managers' units) (i.e. market rate units):Total number of units (excluding managers’ units):Total number of low-income units:Ratio of low-income units to total units (excluding managers’ units):Total square footage of all residential units (excluding managers’ units):Total square footage of low-income units:Ratio of low-income residential to total residential square footage (excluding managers’ units):Applicable fraction, smaller of unit or square footage ratio (used on "Basis & Credits"):Total community room square footage:Total commercial/ retail space square footage:Total common space square footage (including managers’ units):Total parking structure square footage (excludes car-ports and "tuck under" parking):

**Total Square Footage of All Project Structures (excluding commercial/retail):




Other:Units with tenants qualifying as two or more of the above (explain):

N/AFamily Reunification

#DIV/0!#DIV/0!

*equals: "total square footage of all residential units" + "total community room square footage" + "total common space" + "total parking structure square footage")

No

No

N/A

N/A

N/A

#DIV/0!

Homeless/formerly homeless N/A

For 4% federal applications only:N/A

Transitional housingPersons with physical, mental, development disabilities

N/A

N/APersons with HIV/AIDS N/A

N/A

N/A

Transition age youth

Rural area consistent with TCAC methodology

FarmworkerN/A

#DIV/0!






Actual Approval

Estimated Approval



NoOccupancy restrictions that run with the land due to CUP’s or density bonuses?


No


Approval Dates

No




N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/AN/A

(specify here)

(specify here)


(specify here)

N/A

N/A

(specify here)

N/A(specify here)

N/A

N/A

N/A

Actual or ScheduledMonth


SITE N/A

N/AN/A

N/A

N/A

N/AN/A

N/A

N/A

PERMANENT FINANCING N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

(specify here)

Year

LOCAL PERMITS

N/A




1)2)3)4)5)6)7)8)9)10)11)12)





No

No

No

No No

No


No

Name of Lender/Source Interest RateTerm (months) Amount of Funds

No





No No

NoNo




1)2)3)4)5)6)7)8)9)10)11)12)




No

Amount of Funds

Total Sources of Project Funds:

No No

Annual Debt Service


Residual Receipts /

Deferred Pymt.

Interest Rate

No


Total Permanent Financing:Total Tax Credit Equity:

No

No





B. Tax-Exempt Bond FinancingWill project receive tax-exempt bond financing for more than 50% of the aggregate

basis of the building(s) (including land) in the project? (IRC Sec. 42(h)(4)):CDLAC Allocation? Date application was submitted to CDLAC (Reg. Section 10326(h)):Date of CDLAC application approval, actual or anticipated (Reg. Section 10326(j)(1)):

Estimated date of Bond Issuance (Reg. Section 10326(e)(2)): Percentage of aggregate basis financed by the bonds? (Reg. Section 10326(e)(2)):Name of Bond Issuer (Reg. Section 10326(e)(1)):

Will project have Credit Enhancement?If Yes, identify the entity providing the Credit Enhancement:Contact Person:Phone: Ext.:What type of enhancement is being provided?

No

No

No

No

(select one)

No

No

No

NoNo

(specify here)


A. Low Income Units

Is this a resyndication project using hold harmless rent limits in the above table?These rents cannot exceed the federal set-aside current tax credit rent limits.See TCAC Regulation Section 10327(g)(8).

B. Manager UnitsState law requires an onsite manager's unit for projects with 16 or more residential units. TCAC Regulation Section 10326(g)(6) requires projects with at least 161 units to provide a second on-site manager's unit, with one additional for each 80 units beyond, up to 4 on-site manager units.Scattered site projects of 16 or more units must have at least one manager unit at each site consisting of 16 or more residential units.Projects may employ full-time property management staff and provide an equivalent number of deskor security staff for the hours when the property management staff are not working. See TCACRegulation Section 10325(f)(7)(J) for details on the requirements for this option.

Project with desk or security staff in lieu of on-site manager unit(s)

N/A

Total # Units: #DIV/0!Total:

(a)

Bedroom Type(s)

(d)Total Monthly

Rents (b x c)


Average:

(b)

Number of Units

(a)

Bedroom Type(s)

(c)Proposed


No

(d)Total Monthly

Rents (b x c)


(h) % of

Actual AMI

(c)Proposed



(c + e)

(g)% of Area

Median Income

(e)

Monthly Utility

(b)

Number of Units


See TCAC Regulation Section 10325(f)(7)(J) for complete requirements.





Number of Units Receiving Assistance:Length of Contract (years):

Expiration Date of Contract:Total Projected Annual Rental Subsidy:





Other:




( ) BR

(a)

Bedroom Type(s)

(b)

Number of Units

(c)Proposed


(d)Total Monthly

Rents (b x c)

Total:Total # Units:

Lighting:Electricity:

Cooking:

Space Heating:Water Heating:

(specify here)Total:

Water:*

SRO / STUDIO 1 BR 2 BR 3 BR

(specify here)

4 BR





Management


Total Utilities:



Total Insurance:


Total Maintenance:



Total Expenses






(specify here)

(specify here)

(specify here)

(specify here)

(specify here)

(specify here)

Total Management:

(specify here)

(specify here)

Other (Specify):Other (Specify):








Tax-Exempt FinancingTaxable Bond FinancingHOME Investment Partnership Act (HOME)Community Development Block Grant (CDBG)RHS 514RHS 515RHS 516RHS 538HOPE VIMcKinney-Vento Homeless Assistance ProgramMHSAMHPHousing Successor Agency FundsFHA Risk Sharing loan?State:Local:Private:Other:Other:Other:




Sec 221(d)(3) BMIR: RHS 514:HUD Sec 236: RHS 515:If Section 236, IRP? RHS 521 (rent subsidy):RHS 538: State / Local:HUD Section 8: Rent Sup / RAP:If Section 8:HUD SHP:Will the subsidy continue?: Other:

Other amount:

No

N/A

N/A

N/A

N/A

N/A

N/A

N/A


N/A

N/A

No

(select one)

N/A

(specify here)

(select one)

N/A

N/A

N/A


(specify here)N/A

N/A

(specify here)

(specify here)

N/A

Funding Sources

N/A

N/A


Yes/No

N/A

If yes enter amount:

N/A

(specify here)

(select one)

N/A


Amount



(a)

(b)

(c)

(d)

(e)

(f)


(g)

(h)

(i)

(j)

Rental Units: Total Rental Units @ 50% to 36% of AMI:(k)


No

(Basis) X (No. of Units)

No

No. of Units

No

Yes/No


No


No


Plus (+) 2% basis adjustment for each 1% of units income targeted to 35% of AMI and below

Plus (+) 1% basis adjustment for each 1% of units income-targeted to 50% to 36% of AMI

No

No

N/A

1 Bedroom

3 Bedrooms


2 Bedrooms

No

NoPlus (+) local development impact fees required to be paid to local government entities. Certification from local entities assessing fees also required. WAIVED IMPACT FEES ARE INELIGIBLE.

Plus (+) up to 10% basis adjustment for projects applying under Section 10325 or Section 10326 of these regulations that include one or more of the features in the section: Item (e) Features.

NoPlus (+) 2% basis adjustment for projects where 100 percent of the units are for Special Needs populations.

TOTAL UNADJUSTED THRESHOLD BASIS LIMIT:

4+ Bedrooms


NoPlus (+) 5% basis adjustment for projects that certify that (1) they are subject to a project labor agreement within the meaning of Section 2500(b)(1) of the Public Contract Code, or (2) they will use a skilled and trained workforce as defined by Section 25536.7 of the Health and Safety Code to perform all onsite work within an apprenticeable occupation in the building and construction trades.

Unit SizeSRO/STUDIO

Unit Basis Limit

NoPlus (+) 10% basis adjustment for projects located in an area that meets all of the following criteria: (i) is within a city with a population of at least 50,000 or that, when combined with abutting cities, has a population of at least 50,000; (ii) is within a county that has a 9% threshold basis limit for 2-bedroom units equal to or less than $300,000; (iii) is deemed to have the highest opportunity by the UC Davis Regional Opportunity Index for Places.

TOTAL UNITS:


Rental Units: Total Rental Units @ 35% of AMI or Below:




Percentage of the Adjusted Threshold Basis Limit

#DIV/0!

#DIV/0!












N/A

ITEM (e) Features

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

April 28, 2017 Version 26 Sources and Uses Budget


TOTAL PROJECT


EQUITY

1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) SUBTOTAL

30% PVC for New


LAND COST/ACQUISITIONLand Cost or Value

DemolitionLegal

Land Lease Rent PrepaymentTotal Land Cost or Value

Existing Improvements ValueOff-Site Improvements

Total Acquisition CostTotal Land Cost / Acquisition Cost

Predevelopment Interest/Holding CostAssumed, Accrued Interest on Existing

Debt (Rehab/Acq)Other: (Specify)

REHABILITATIONSite WorkStructures










DesignSupervision




Bond PremiumCost of IssuanceTitle & Recording

TaxesInsurance










Permanent Sources



TOTAL PROJECT


EQUITY

1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) SUBTOTAL

30% PVC for New


Permanent Sources



Total Reserve Costs



TOTAL PROJECT


EQUITY

1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) SUBTOTAL

30% PVC for New


Permanent Sources

APPRAISALTotal Appraisal Costs






Accounting/ReimbursablesSoft Cost Contingency







TOTAL PROJECT COSTSNote: Syndication Costs shall NOT be included as a project cost. Bridge Loan Expense During Construction:Calculate Maximum Developer Fee using the eligible basis subtotals. Total Eligible Basis:DOUBLE CHECK AGAINST PERMANENT FINANCING TOTALS:


Required: evidence of land value (see Tab 1). Land value must be included in Total Project Cost and Sources and Uses Budget (includes donated or leased land). Except for non-competitive projects with donated land, TCAC will not accept a budget with a nominal land value. Please refer to the TCAC website for additional information and guidance.





DateSignature of Project CPA/Tax Professional

As owner(s) of the above-referenced low-income housing project, I certify under penalty of perjury, that the project costs contained herein are, to the best of my knowledge, accurate and actual costs associated with the construction, acquisition and/or rehabilitationof this project and that the sources of funds shown are the only funds received by the Partnership for the development of the project. I authorize the California Tax Credit Allocation Committee to utilize this information to calculate the low-income housing tax credit.




April 28, 2017 Version 28 Basis and Credits






Total Adjusted Threshold Basis Limit:*Qualified Census Tract(QCT) or Difficult to Develop Area(DDA) Adjustment:



*130% boost if your project is located in a DDA or QCT:(Boost is auto calculated from your selection in: II. APPLICATION - SECTION 2: GENERAL AND SUMMARY INFORMATION - B)


Qualified Basis:Applicable Percentage:


3.25% 3.25%

New Construction

/Rehabilitation


Acquisition

100% 100%

*Applicants are required to use this percentage in calculating credit at the application stage.


30% PVC for New




April 28, 2017 Version 29 Basis and Credits



Use the higher of the federal tax credit factor listed in your Investor’s letter (i.e. ATTACHMENT 16: Terms of Syndication Agreement), OR the minimum federal tax credit factor established by an independent CPA (if no syndication). The federal tax credit factor must be at least $1.00 for self-syndication projects or at least $0.85 for all other projects.

April 28, 2017 Version 28 FARMWORKER Basis and Credits 6/1/2017





Total Basis Reduction:Total Requested Unadjusted Eligible Basis:




*130% boost if your project is located in a DDA or QCT, or Reg. Section 10317(d) as applicable.(Boost is auto calculated from your selection in: II. APPLICATION - SECTION 2: GENERAL AND SUMMARY INFORMATION - B)


Qualified Basis:*Applicable Percentage:


V. BASIS AND CREDITS - 4% FEDERAL AND FARMWORKER STATE CREDIT

70% PVC for New



100% 100%


3.25%

*Applicants are required to use these percentages in calculating credit at the application stage.

New Construction


3.25%

April 28, 2017 Version 29 FARMWORKER Basis and Credits 6/1/2017








The state tax credit factor must be at least $0.80 for "certified" state credits; at least $0.65 for self-syndication projects; or at least $0.60 for all other projects.

State Farmworker Credit

NC/Rehab Acquisition


Use the higher of the federal tax credit factor listed in your Investor’s letter (i.e. ATTACHMENT 16: Terms of Syndication Agreement), OR the minimum federal tax credit factor established by an independent CPA (if no syndication). The federal tax credit factor must be at least $1.00 for self-syndication projects or at least $0.85 for all other projects.

13%$0









Total Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0



0 0 0 0 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0





Total Other Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0










Subsidy Contract





Subsidy Contract





0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0


DOUBLE CHECK $0



“Post-award Project Cost Changes” tracks project cost changes over the development period. Applicants should use this spreadsheet to track and explai between application and completion. In order to use this spreadsheet, you can break the link to the original application Sources and Uses Budget before carryover submission.

1. Go down the column “ORIGINAL APPLICATION TOTAL PROJECT COST – RESIDENTIAL” and highlight all yellow-colored cells. 2. Right click (or use a keyboard shortcut) to COPY. 3. Right click again and select PASTE SPECIAL. Choose PASTE VALUES. This will break the links to the Sources and Uses Budget for this colum 4. When you update the Sources and Uses Budget, column C will update and the “ORIGINAL APPLICATION TOTAL PROJECT COST – RESIDEN will retain the original application numbers.

5. When submitting the placed in service application, change the Cost Variance formula cells to a D-B formula (example: the formula in E5 becomes 6. Make any necessary notes detailing reasons for changes to the costs in the “NOTES” column.

April 28, 2017 Version 1 Post-award Project Cost Changes6/1/2017

Please review Instructions sheet before completing.SOURCES AND USES BUDGET COMPARISON

ORIGINAL APPLICATION

TOTAL PROJECT

COST - RESIDENTIAL


PROJECTCOST -

RESIDENTIALCOST


Land Cost or Value $0 $0 $0Demolition $0 $0 $0

Legal $0 $0 $0Land Lease Rent Prepayment $0 $0 $0

Total Land Cost or Value $0 $0 $0Existing Improvements Value $0 $0 $0

Off-Site Improvements $0 $0 $0Total Acquisition Cost $0 $0 $0

Total Land Cost / Acquisition Cost $0 $0 $0Predevelopment Interest/Holding Cost $0 $0 $0


$0 $0 $0

Other: (Specify) $0 $0 $0REHABILITATION

Site Work $0 $0 $0Structures $0 $0 $0

General Requirements $0 $0 $0Contractor Overhead $0 $0 $0

Contractor Profit $0 $0 $0Prevailing Wages $0 $0 $0

General Liability Insurance $0 $0 $0Other: (Specify) $0 $0 $0

Total Rehabilitation Costs $0 $0 $0Total Relocation Expenses $0 $0 $0

NEW CONSTRUCTIONSite Work $0 $0 $0Structures $0 $0 $0

General Requirements $0 $0 $0Contractor Overhead $0 $0 $0

Contractor Profit $0 $0 $0Prevailing Wages $0 $0 $0

General Liability Insurance $0 $0 $0Other: (Specify) $0 $0 $0

Total New Construction Costs $0 $0 $0ARCHITECTURAL FEES

Design $0 $0 $0Supervision $0 $0 $0

Total Architectural Costs $0 $0 $0Total Survey & Engineering $0 $0 $0

CONSTRUCTION INTEREST & FEESConstruction Loan Interest $0 $0 $0

Origination Fee $0 $0 $0Credit Enhancement/Application Fee $0 $0 $0

Bond Premium $0 $0 $0Cost of Issuance $0 $0Title & Recording $0 $0 $0

Taxes $0 $0 $0Insurance $0 $0 $0

Other: (Specify) $0 $0 $0Other: (Specify) $0 $0 $0

Total Construction Interest & Fees $0 $0 $0PERMANENT FINANCING

Loan Origination Fee $0 $0 $0Credit Enhancement/Application Fee $0 $0 $0

Title & Recording $0 $0 $0Taxes $0 $0 $0

Insurance $0 $0 $0Other: (Specify) $0 $0 $0Other: (Specify) $0 $0 $0

Total Permanent Financing Costs $0 $0 $0Subtotals Forward $0 $0 $0

LEGAL FEESLender Legal Paid by Applicant $0 $0 $0

Other: (Specify) $0 $0 $0Total Attorney Costs $0 $0 $0

RESERVESRent Reserves $0 $0 $0

Capitalized Rent Reserves $0 $0 $0Required Capitalized Replacement Reserve $0 $0 $0

3-Month Operating Reserve $0 $0 $0Other: (Specify) $0 $0 $0

Total Reserve Costs $0 $0 $0APPRAISAL

Total Appraisal Costs $0 $0 $0Total Contingency Cost $0 $0 $0

OTHER PROJECT COSTSTCAC App/Allocation/Monitoring Fees $0 $0 $0

Environmental Audit $0 $0 $0Local Development Impact Fees $0 $0 $0

Permit Processing Fees $0 $0 $0Capital Fees $0 $0 $0

Marketing $0 $0 $0Furnishings $0 $0 $0

Market Study $0 $0 $0Accounting/Reimbursables $0 $0 $0

Soft Cost Contingency $0 $0 $0Other: (Specify) $0 $0 $0Other: (Specify) $0 $0 $0Other: (Specify) $0 $0 $0Other: (Specify) $0 $0 $0Other: (Specify) $0 $0 $0

Total Other Costs $0 $0 $0SUBTOTAL PROJECT COST $0 $0 $0

DEVELOPER COSTSDeveloper Overhead/Profit $0 $0 $0

Consultant/Processing Agent $0 $0 $0Project Administration $0 $0 $0

Broker Fees Paid to a Related Party $0 $0 $0Const. Oversight by Developer $0 $0 $0

Other: (Specify) $0 $0 $0Total Developer Costs $0 $0 $0

TOTAL PROJECT COSTS $0 $0 $0 Note: Syndication Costs may not be included as a project cost.

Updated December 2016 1

Tax Credit Allocation Committee

VERIFICATION Provide a narrative explanation as to how each requirement is being met and reference where the proof is located in the application. Be as detailed as possible and attach a separate sheet if additional space is needed.

A) At least twenty-five percent (25%) of the Tax Credit units in the project shall be three-bedroom or larger units, and for projects that receive land use entitlements on or after January 1, 2016 at least an additional twenty-five percent (25%) of the Tax Credit units in the project shall be two-bedroom or larger units, except that for projects qualifying for and applying under the At-risk set-aside, the Executive Director may grant a waiver from this requirement if the applicant shows that it would be cost prohibitive to comply.

B) One-bedroom units must include at least 450 square feet and two-bedroom units must include at least 700 square feet of living space. Three-bedroom units shall include at least 900 square feet of living space and four-bedroom units shall include at least 1,100 square feet of living space, unless these restrictions conflict with the requirements of another governmental agency to which the project is subject to approval. These limits may be waived for rehabilitation projects, at the discretion of the Executive Director prior to the application submission. Bedrooms shall be large enough to accommodate two persons each and living areas shall be adequately sized to accommodate families based on two persons per bedroom.

C) Four-bedroom and larger units shall have a minimum of two full bathrooms.

D)

ATTACHMENT 4(A)APPLICANT LARGE FAMILY ELIGIBILITY CERTIFICATION

Regulation Section 10325(g)(1)(A) through (I)REQUIREMENTS

State of California

The project shall provide play/recreational facilities suitable and available to all tenants, including children of all ages, except for small developments of 20 units or fewer. Play/recreational area for children ages 2-12 years shall be outdoors, and the minimum square footage is 600 square feet and must include an accessible entrance point. For projects with more than 100 total units this square footage shall be increased by 5 square feet for each additional unit. Outdoor play/recreational space must be equipped with reasonable play equipment for the size of the project, and the surface must be natural or synthetic protective material. The outdoor play area of an onsite day care center may qualify as a play area for children 2-12 years for purposes of this section if it is available to children when the day care center is not open. The application must demonstrate the availability of play or recreational facilities suitable for children ages 13-17. Square footage of a community building cannot be included for the play/recreational area for children ages 13-17 unless that square footage is accessible to minors at all times between 6 a.m. and 10 p.m. except when the area is reserved for service amenities or special events. Rehabilitation projects with existing outdoor play/recreational facilities may request a waiver of the minimum square footage requirement if outdoor play/recreational facilities of a reasonable size and type currently exist onsite. The written waiver must be approved prior to the application submission. The Executive Director, in her/his sole discretion may waive this requirement upon demonstration of nearby, readily accessible, recreational facilities.



REQUIREMENTS

E) The project shall provide an appropriately sized common area(s). For purposes of this part, common areas shall include all interior common areas, such as the rental office and meeting rooms, but shall not include laundry rooms or manager living units, and shall meet the following size requirement: projects comprised of 30 or less total units, at least 600 square feet; projects from 31 to 60 total units, at least 1000 square feet; projects from 61 to 100 total units, at least 1400 square feet; projects over 100 total units, at least 1800 square feet. Small developments of 20 units or fewer are exempt from this requirement. At the discretion of the Executive Director, these limits may be waived for rehabilitation projects with existing common area prior to the application submission;

F) A public agency shall provide direct or indirect long-term financial support for at least fifteen percent (15%) of the total project development costs, or the owner’s equity (includes syndication proceeds) shall constitute at least thirty percent (30%) of the total project development costs.

G) Adequate laundry facilities shall be available on the project premises, with no fewer than one washer/dryer per 10 units. To the extent that tenants will be charged for the use of central laundry facilities, washers and dryers must be excluded from eligible basis. If no centralized laundry facilities are provided, washers and dryers shall be provided in each unit.

H) Dishwashers shall be provided in all units unless a waiver is granted by the Executive Director because of planning or financial impracticality.

I) Projects are subject to a minimum low-income use period of 55 years (50 years for projects located on tribal trust land).

WAIVER REQUESTED (please attach proof of waiver approval)

By signing the APPLICANT STATEMENT, I/We, who are authorized to legally act on the applicant’s behalf, certify and guarantee, under penalty of perjury, that the project meets the Large Family Housing Type requirements consistent with TCAC Regulations Section 10325(g)(1).




A) All units shall be restricted to households eligible under the provisions of California Civil Code Section 51.3. All units shall be restricted to residents who are 62 years of age or older under applicable provisions of California Civil Code Section 51.3 and the federal Fair Housing Act (except for projects utilizing federal funds whose programs have differing definitions for senior projects), and further be subject to state and federal fair housing laws with respect to senior housing.

B) For New construction projects, one half of all units on an accessible path (ground floor and elevator-serviced) shall be mobility accessible under the provisions of California Building Code (CBC) Chapter 11(B). For Rehabilitation projects, 25% of all units on an accessible path (ground floor and elevator serviced) shall be mobility accessible under the provisions of CBC Chapter 11(B). All projects with elevators must comply with CBC Chapter 11(B) accessibility requirements for elevators. These units shall, to the maximum extent feasible and subject to reasonable health and safety requirements, be distributed throughout the project consistent with 24 CFR Section 8.26

C) Projects over two stories shall have an elevator.

D) No more than twenty percent (20%) of the low-income units in the project shall be larger than one-bedroom units, unless waived by the Executive Director, when supported by a full market study. One larger unit may be included for use as a manager's unit without a waiver.

E) One-bedroom units must include at least 450 square feet and two-bedroom units must include at least 700 square feet of living space. These limits may be waived for rehabilitation projects, at the discretion of the Executive Director, prior to application submission.

ATTACHMENT 4(B)APPLICANT SENIOR ELIGIBILITY CERTIFICATION

Regulation Section 10325(g)(2)(A) through (J)REQUIREMENTS

State of California



REQUIREMENTS

F) Emergency call systems shall only be required in units intended for occupancy by frail elderly populations requiring assistance with activities of daily living, and/or applying as special needs units. When required, they shall provide 24-hour monitoring, unless an alternative monitoring system is approved by the Executive Director.

G) Common area(s) shall be provided on site, or within approximately one-half mile of the subject property. For purposes of this part, common areas shall be allowed to include all interior common areas, such as the rental office and meeting rooms, but shall not include laundry rooms or manager living units, and shall meet the following size requirement: projects comprised of 30 or less total units, at least 600 square feet; projects from 31 to 60 total units, at least 1,000 square feet; projects from 61 to 100 total units, at least 1,400 square feet; projects over 100 total units, at least 1,800 square feet. Small developments of 20 units or fewer are exempt from this requirement. These limits may be waived, at the discretion of the Executive Director, for rehabilitation projects with existing common area.

H) A public agency shall provide direct or indirect long-term financial support for at least fifteen percent (15%) of the total project development costs, or the owner’s equity (includes syndication proceeds) shall constitute at least thirty percent (30%) of the total project development costs.

I) Adequate laundry facilities shall be available on the project premises, with no fewer than one washer/dryer per 15 units. To the extent that tenants will be charged for the use of central laundry facilities, washers and dryers must be excluded from eligible basis. If no centralized laundry facilities are provided, washers and dryers shall be provided in each of the units.

J) Projects are subject to a minimum low-income use period of 55 years (50 years for projects located on tribal trust land).


By signing the APPLICANT STATEMENT, I/We, who are authorized to legally act on the applicant’s behalf, certify and guarantee, under penalty of perjury, that the project meets the Senior Housing Type requirements consistent with TCAC Regulations Section 10325(g)(2).




A) Average targeted income is no more than forty percent (40%) of the area median income.

B) SRO units are efficiency units that may include a complete private bath and kitchen but generally do not have a separate bedroom, unless the configuration of an already existing building being proposed to be used for an SRO dictates otherwise. The minimum size for SRO units shall be 200 square feet, and at least 90% of the SRO units shall not exceed 500 square feet. These limits may be waived for rehabilitation projects, at the discretion of the Executive Director.

C) At least one bath shall be provided for every eight units.

D) If the project does not have a rental subsidy committed, the applicant shall demonstrate that the target population can pay the proposed rents. For instance, if the target population will rely on General Assistance, the applicant shall show that those receiving General Assistance are willing to pay rent at the level proposed.

E) The project configuration, including community space and kitchen facilities, shall meet the needs of the population.

F) A public agency shall provide direct or indirect long-term financial support for at least fifteen percent (15%) of the total project development costs, or the owner’s equity (includes syndication proceeds) shall constitute at least thirty percent (30%) of the total project development cost.

ATTACHMENT 4(C)APPLICANT SRO ELIGIBILITY CERTIFICATION

Regulation Section 10325(g)(3)(A) through (L)REQUIREMENTS

State of California



REQUIREMENTS

G) Adequate laundry facilities shall be available on the project premises, with no fewer than one washer/dryer per 15 units.

H) Projects are subject to a minimum low-income use period of 55 years (50 years for projects located on tribal trust land).

I) A ten percent (10%) vacancy rate shall be used unless otherwise approved by the Executive Director. Justification of a lower rate shall be included.

J) A signed contract or memorandum of understanding between the developer and the service provider, together with the resolution of the service provider, must accompany the Tax Credit application. If the contract or memorandum of understanding is signed by the service provider’s Executive Director, a resolution is not required.

K) A summary of the experience of the developer and the service provider in providing for the population to be served must accompany the Tax Credit application.

L) New construction projects for seniors shall not qualify as Single Room Occupancy housing.


By signing the APPLICANT STATEMENT, I/We, who are authorized to legally act on the applicant’s behalf, certify and guarantee, under penalty of perjury, that the project meets the SRO Housing Type requirements consistent with TCAC Regulations Section 10325(g)(3).

Updated December 20161



A) Average targeted income for the special needs units is no more than forty percent (40%) of the area median income.

B) Third party verification from a federal, state or local agency of the availability of services appropriate to the targeted population.

C) The units/building configurations (including community space) shall meet the specific needs of the population.

D) If the project does not have a rental subsidy committed, the applicant shall demonstrate that the target population can pay the proposed rents. For instance, if the target population will rely on General Assistance, the applicant shall show that those receiving such assistance are willing to pay rent at the level proposed.

E) A public agency shall provide direct or indirect long-term financial support for at least fifteen percent (15%) of the total project development costs, or the owner’s equity (includes syndication proceeds) shall constitute at least thirty percent (30%) of the total project development costs.

F) Adequate laundry facilities shall be available on the project premises, with no fewer than one washer/dryer per 15 units.

ATTACHMENT 4(D)APPLICANT Special Needs ELIGIBILITY CERTIFICATION

Regulation Section 10325(g)(4)(A) through (L)REQUIREMENTS

State of California



REQUIREMENTS

G) Projects are subject to a minimum low-income use period of 55 years (50 years for projects located on tribal trust land).

H) A ten percent (10%) vacancy rate shall be used for pro-forma purposes unless otherwise approved by the Executive Director. Justification of a lower rate shall be included.

I) Where services are required as a condition of occupancy, special attention shall be paid to the assessment of service costs as related to maximum allowable Credit rents. A third party tax professional’s opinion as to compliance with IRC Section 42 may be required by the Executive Director.

J) A signed contract or memorandum of understanding between the developer and the service provider, together with the resolution of the service provider(s) identified in the preliminary service plan described in paragraph (L), must accompany the Tax Credit application. If the contract or memorandum of understanding is signed by the service provider’s Executive Director, a resolution is not required.

K) A summary of the experience of the developer and the service provider(s) in providing services to the project’s for special needs populations must accompany the Tax Credit application.

L) A preliminary service plan that specifically identifies: the service needs of the projects special needs population; the organization(s) that would be providing the services to the residents; the services to be provided to the special needs population; how the services would support resident stability and any other service plan objectives; a preliminary budget displaying anticipated income and expenses associated with the services program. The Executive Director shall, in his/her sole discretion, determine whether the plan is adequate to qualify the project as a special needs project.


By signing the APPLICANT STATEMENT, I/We, who are authorized to legally act on the applicant’s behalf, certify and guarantee, under penalty of perjury, that the project meets the Special Needs Housing Type requirements consistent with TCAC Regulations Section 10325(g)(4).




A) Projects are subject to a minimum low-income use period of 55 years (50 years for projects located on tribal trust land).

B)

(i) Before applying for Tax Credits, the project must meet the At-risk eligibility requirements under the terms of applicable federal and state law as verified by a third party legal opinion, except that a project that has been acquired by a qualified nonprofit organization within the past five years of the date of application with interim financing in order to preserve its affordability and that meets all other requirements of this section, shall be eligible to be considered an “at-risk” project under these regulations. A project application will not qualify in this category unless it is determined by the Committee that the project is at-risk of losing affordability on at least 50% of the restricted units due to market or other conditions. A third party legal opinion must be submitted in ALL applications applying as At-risk.

(ii) The project must currently possess or have had within the past five years from the date of application, either federal mortgage insurance, a federal loan guarantee, federal project-based rental assistance, or, have its mortgage held by a federal agency, or be owned by a federal agency or be currently subject to, or have been subject to, within five years preceding the application deadline, the later of Federal or State Housing Tax Credit restrictions whose compliance period is expiring or has expired within the last five years and at least 50% of whose units are not subject to any other rental restrictions beyond the term of the Tax Credit restrictions.

(iii) As of the date of application filing, the applicant shall have sought available federal incentives to continue the project as low-income housing, including, direct loans, loan forgiveness, grants, rental subsidies, renewal of existing rental subsidy contracts, etc.

(iv) Subsidy contract expiration, mortgage prepayment eligibility, or the expiration of Housing Tax Credit restrictions shall occur no later than five calendar years after the year in which the application is filed, except in cases where a qualified nonprofit organization acquired the property within the terms of (i) above and would otherwise meet this condition but for: 1) long-term use restrictions imposed by public agencies as a condition of their acquisition financing; or 2) HAP contract renewals secured by the qualified nonprofit organization for the maximum term available subsequent to acquisition.

ATTACHMENT 4(E)APPLICANT AT-RISK ELIGIBILITY CERTIFICATION

Regulation Section 10325(g)(5)(A) & (B)REQUIREMENTS

State of California

Project application eligibility criteria include:



REQUIREMENTS

(v) The applicant agrees to renew all project based rental subsidies (such as Section 8 HAP or Section 521 rental assistance contracts) for the maximum term available and shall seek additional renewals throughout the project's useful life, if applicable.

(vi) At least seventy percent (70%) of project tenants shall, at the time of application, have incomes at or below sixty percent (60%) of area median income.

(vii) The gap between total development costs (excluding developer fee), and all loans and grants to the project (excluding Tax Credit proceeds) must be greater than fifteen percent (15%) of total development costs.

(viii) A public agency shall provide direct or indirect long-term financial support of at least fifteen percent (15%) of the total project development costs, or the owner’s equity (includes syndication proceeds) shall constitute at least thirty percent (30%) of the total project development cost.


By signing the APPLICANT STATEMENT, I/We, who are authorized to legally act on the applicant’s behalf, certify and guarantee, under penalty of perjury, that the project meets the At-Risk Housing Type requirements consistent with TCAC Regulations Section 10325(g)(5).

State of California


ATTACHMENT 5 Legal Status Questionnaire

APPLICANT’S DISCLOSURE 1. Financial Viability

Disclose any legal or regulatory action or investigation that may have a material impact on the financial viability of the project or the applicant (borrower/project sponsor). The disclosure should be limited to actions or investigations in which the applicant or the applicant’s parent, subsidiary, or affiliate involved in the management, operation, or development of the project has been named a party.

2. Fraud, Corruption, or Serious Harm

Disclose any legal or regulatory action or investigation involving fraud or corruption, or health and safety where there are allegations of serious harm to employees, the public, or the environment. The disclosure should be limited to actions or investigations in which the applicant or the applicant’s current board member (except for volunteer board members of non-profit entities), partner, limited liability corporation member, senior officer, or senior management personnel has been named a defendant within the past ten years.

Disclosures should include civil or criminal cases filed in state or federal court; civil or criminal investigations by local, state, or federal law enforcement authorities; and enforcement proceedings or investigations by local, state or federal regulatory agencies. The information provided must include relevant dates, the nature of the allegation(s), charges, complaint or filing, and the outcome. I/We attest that we have provided full disclosure as indicated in response to the items #1 and #2 above.

Nothing to Disclose

Name of Applicant/ Project Sponsor Entity:

(Please Print)

Signature: (Applicant/Project Sponsor)

Name of Signatory:

(Please Print)

Title of Signatory:

(Please Print)

Date:

Updated January 2017

Updated January 2014

State of California

1. The "Rehabilitation Summary" worksheet tab must be completed.

2. Rehabilitation Items: You are encouraged to individualize this report as needed by removing oradding rows as necessary to the particular project. However, columns are not to be removed orignored, nor are the overall row categories to be changed (these are denoted by the BOLD CAPITALIZED HEADINGS in the rows).

3. Comments / Brief Description of the Proposed Rehabilitation: The description provided hereshould represent a concise explanation of what will be rehabilitated regarding the particularrehabilitation item.

4. Number and Percentage: These columns should provide an estimate of the percentage of units thatwill be subject to this particular rehabilitation; or if more appropriate, the percentage of thecomponent(s) / feature(s) throughout the project, that will be subject to this rehabilitation expenditure.

5. Estimated Remaining Useful Life / CNA Evidence: Cite the page(s) in the CNA that support theneed for this rehabilitation, and/or provide an estimate of the remaining useful life (typically a range formultiple items such as appliances, etc.) to the feature that will be rehabilitated.

6. Estimated Cost: Self-explanatory, however, the total of these expenditures must equal the sum of therehabilitation site work, structures and prevailing wage costs (i.e., all costs not shown as contractorprofit, overhead and general requirements) in the first page of "Part IV: Sources and Uses Budget.

7. Total Cost From Capital Needs Assessment (CNA): Enter the estimated cost total for the"Immediate Needs" into Cell G85. If there is a variance from the total amount on the "RehabilitationSummary" worksheet, please provide an explanation in the "Comments" table.

REHAB PROJECTS MUST INCLUDE TCAC'S REHABILITATION SUMMARY WORKSHEETCLICK ON "REHABILITATION SUMMARY" WORKSHEET TAB OF THIS EXCEL DOCUMENT

Instructions:

Rehabilitation Summary Instructions


ATTACHMENT 8

Purpose: This form is designed to facilitate the reconciliation of the Capital Needs Assessment and theaggregate rehabilitation budget presented in TCAC's Sources and Uses. The intent is to hold developersof rehabilitation projects to the same standards as those who develop newly constructed projects.

Updated December 2016 Page 1 of 3

Project Name:

REHABILITATION ITEMS NUMBER OF UNITS PERCENTAGE

ESTIMATED REMAINING USEFUL LIFE / CNA

EVIDENCE

ESTIMATEDCOST

SITECarports/Garages

DrainageFencing

Landscaping/TopographyLighting

Parking/RoadwaysRecreation Areas

Sidewalks/Pedestrian AreasSignage

Trash FacilitiesMaintenance Shed

UtilitiesOther (Specify)Other (Specify)Other (Specify)

STRUCTURE FRAMES AND ENVELOPES

Balconies/PatiosDoors and Frames

Elevated WalkwaysFacades/Siding/Exterior Walls

Foundation/SubstructureInsulation

PaintingRoofing

Stairs/LandingsSuperstructure

Windows and FramesOther (Specify)Other (Specify)Other (Specify)

Tax Credit Allocation CommitteeState of California

COMMENTS / BRIEF DESCRIPTION OF THE PROPOSED REHABILITATION

ATTACHMENT 8REHABILITATION SUMMARY


Project Name:



EVIDENCE

ESTIMATEDCOST




COMMON AREASCommunity RoomLaundry Facilities

Management OfficeOther (Specify)Other (Specify)Other (Specify)

MECHANICAL / ELECTRICAL / PLUMBING

Electrical SystemsElevators

Fire Alarm/SuppressionHot and Cold Water Distribution

HVAC/Heating/CoolingPlumbing and Sewage Systems

Water HeatersOther (Specify)Other (Specify)Other (Specify)

UNIT INTERIORSAppliances

CabinetsCarpeting

Ceilings/WallsCountertops

DoorsFlooringLightingPainting

Sinks/FaucetsSmoke/Heat/CO2 Detectors

Toilets, Tubs and ShowersWindow Coverings

Other (Specify)Other (Specify)Other (Specify)


Project Name:



EVIDENCE

ESTIMATEDCOST




CODE COMPLIANCEFire Safety

Building SafetyOther (Specify)Other (Specify)Other (Specify)

ACCESSIBILITY / ADA COMPLIANCE

Public Area AccessibilityUnit Accessibility

Other (Specify)Other (Specify)Other (Specify)

TOTAL COSTS $0TOTAL COSTS (From CNA) $

COMMENTS (Explanation for variance from CNA, if applicable):

State of California


ATTACHMENT 10 Minimum Construction Standards

Regulation Section 10325(f)(7) Project Name:

Applicant shall provide a statement that the following minimum specifications will be incorporated into the project design for all new construction and rehabilitation projects. In addition, a statement shall commit the property owner to at least maintaining the installed energy efficiency and sustainability features’ quality when replacing each of the following listed systems or materials:

(A) Energy Efficiency. New construction and rehabilitation non-competitive applicants shall consult with the design team, a CABEC certified 2013 or 2016 Certified Energy Analyst, and a LEED Green Rater, National Green Building Standard (NGBS) Green Verifier, or GreenPoint Rater (one person may meet all of these qualifications) early in the project design process to evaluate a building energy model analysis and identify and consider energy efficiency or generation measures beyond those required by this subsection. Prior to the meeting, the energy analyst shall complete an initial energy model based on either current Title 24 standards or, if the project is eligible, the California Utility Allowance Calculator using best available information on the project. All non-competitive applications to CTCAC shall include a copy of the model results, meeting agenda, list of attendees, and major outcomes of the meeting. All rehabilitated buildings, both competitive and no-competitive, shall have improved energy efficiency above the modeled energy consumption of the building(s) based on existing conditions documented using the Sustainable Building Method Workbook’s CTCAC Existing Multifamily Assessment Protocols and reported using the CTCAC Existing Multifamily Assessment Report template. Rehabilitated buildings shall document at least a 10% post-rehabilitation improvement over existing conditions energy efficiency achieved for the project as a whole, except that Scattered Site applications shall also document at least a 5% post-rehabilitation improvement over existing conditions energy efficiency achieved for each site. In the case of projects in which energy efficiency improvements have been completed within five years prior to the application date pursuant to a public or regulated utility program or other governmental program that established existing conditions of the systems being replaced using a HERS Rater, the applicant may include the existing conditions of those systems prior to the improvements. Furthermore, rehabilitation applicants must submit a completed Sustainable Building Method Workbook with their preliminary reservation application unless they are developing a project in accordance with the minimum requirements of Leadership in Energy & Environmental Design (LEED), Passive House Institute US (PHIUS), Passive House, Living Building Challenge, National Green Building Standard ICC / ASRAE – 700 silver or higher rating or GreenPoint Rated Program. In addition, all applicants who will receive points from CDLAC pursuant to Sections 5230(k)(7) or (8) (for energy efficiency only), of the CDLAC regulations must submit a completed Sustainable Building Method Workbook with their preliminary reservation application.

(B) Landscaping. If landscaping is to be provided or replaced, a variety of plant and tree species that require low water use shall be provided in sufficient quantities based on landscaping practices in the general market area and low maintenance needs. Projects shall follow the requirements of the state Model Water Efficient Landscape Ordinance (http://www.water.ca.gov/wateruseefficiency/landscapeordinance/) unless a local landscape ordinance has been determined to be at least as stringent as the current model ordinance.

(C) Roofs. Newly installed roofing shall carry a three-year subcontractor guarantee and at least a 20-year

manufacturer’s warranty. (D) Exterior doors. If exterior doors are to be provided or replaced, insulated or solid core, flush, paint or stain

grade exterior doors shall be made of metal clad faces, hardwood faces, or fiberglass faces, with a standard one-year guarantee and all six sides factory primed.

(E) Appliances. Except for SRO units, all units shall provide a stove and refrigerator. Refrigerators, dishwashers,

clothes washers and dryers provided or replaced within Low-Income Units and/or in on-site community facilities shall be ENERGY STAR rated appliances, unless waived by the Executive Director.

(F) Window coverings. Window coverings shall be provided and may include fire retardant drapes or blinds. (G) Water heater. If water heaters are to be provided or replaced, for units with individual tank-type water heaters,

minimum capacities are to be 28 gallons for one- and two-bedroom units and 38 gallons for three-bedroom units or larger.


ATTACHMENT 10

(H) Floor coverings. If floor coverings are to be provided or replaced, a hard, water resistant, cleanable surface shall be required for all kitchen and bath areas. Any carpet provided or replaced shall comply with U.S. Department of Housing and Urban Development/Federal Housing Administration UM44D.

(I) All fiberglass-based insulation provided or replaced shall meet the Greenguard Gold Certification

(http://greenguard.org/en/CertificationPrograms/CertificationPrograms_childrenSchools.aspx). (J) Consistent with California State law, projects with 16 or more residential units must have an on-site manager’s

unit. Projects with at least 161 units shall provide a second on-site manager’s unit for either another on-site manager or other maintenance personnel, and there shall be one additional on-site manager’s unit for either another on-site manager or other maintenance personnel for each 80 units beyond 161 units, up to a maximum of four on-site manager’s units. Scattered site projects totaling 16 or more units must have at least one on-site manager’s unit for the entire project, and at least one manager’s unit at each site where that site’s building(s) consist of 16 or more units. Scattered sites within 100 yards of each other shall be treated as a single site for purposes of the on-site manager rule only.

In lieu of on-site manager units, a project may commit to employ an equivalent number of on-site full-time property management staff (at least one of whom is a property manager) and provide an equivalent number of desk or security staff capable of responding to emergencies for the hours when property management staff is not working. All staff or contractors performing desk or security work shall be knowledgeable of how the property’s fire system operates and be trained in, and have participated in, fire evacuation drills for tenants. CTCAC reserves the right to require that one or more on-site managers’ units be provided and occupied by property management staff if, in its sole discretion, it determines as part of any on-site inspection that the project has not been adequately operated and/or maintained.

(K) All new construction projects shall adhere to the provisions of California Building Code (CBC) Chapter 11(B)

regarding accessibility to privately owned housing made available for public use in all respects except as follows: instead of the minimum requirements established in 11B 233.3.1.1 and 11B 233.3.1.3, all new construction projects must provide a minimum of ten percent (10%) of the units with mobility features, as defined in CBC 11B 809.2 through 11B 809.4, and a minimum of four percent (4%) of the units with communications features, as defined in CBC 11B 809.5. These units shall, to the maximum extent feasible and subject to reasonable health and safety requirements, to be distributed throughout the project consistent with 24 CFR Section 8.26. Rehabilitation projects shall provide a minimum of ten percent (10%) of the units with mobility features, as defined in CBC 11B 809.2 through 11B 809.4, and four percent (4%) with communications features, as defined in CBC 11B 809.5. To the maximum extent feasible and subject to reasonable health and safety requirements, these units shall be distributed throughout the project consistent with 24 CFR Section 8.26. At least one of each common area facility type and amenity, as well as paths of travel between accessible units and such facilities and amenities, the building entry and public right of way, and the leasing office or area shall also be made accessible utilizing CBC Chapter 11(B) as a design standard. In all other respects, applicable building code will apply. Projects with particular federal, state, or local funding sources may be required to meet additional accessibility requirements related to these other sources.

WAIVER REQUESTED (please attach proof of waiver approval).

APPLICANT CERTIFICATION By signing the Applicant Statement, I/We, as the applicant(s) of the above referenced project, certify and guarantee, under penalty of perjury, that each of the individual items identified in the minimum construction standards section of TCAC Regulations will be incorporated into the design of the project.


http://greenguard.org/en/CertificationPrograms/CertificationPrograms_childrenSchools.aspx

State of California


ATTACHMENT 12

Construction and Design Description Regulation 10322(h)(11)

This attachment should be a detailed narrative description of the proposed project’s construction and design including how the design will serve the targeted population. Include basic information about the project: • number of buildings, stories per building, units per building, any elevator access • building construction, foundation, and exterior type(s) • building area uses (residential, community/common, commercial) • housing type and how the design will serve the targeted population • number of units and bedroom types, accessibility features • parking (number of spaces, carports, accessibility) • site amenities (examples: community and common areas, laundry, gated access, security,

recreational areas, pool, community garden, etc.) • sustainable and green building elements • multi-phase projects should provide information about other phase sites (previously built or

proposed) and any shared areas, services, management, etc. These may require prior approval by TCAC.

• summary of any planned parcel subdivisions or parcel merging, if not described elsewhere in the application

• description of any existing structures • Rehabilitation projects should also include: • history of previous retrofits or renovations • overall physical condition of the building(s) Site mitigation requirements and complex or costly structural requirements should be included in the description of unique features. The narrative must also include an explanation of any required demolition and off-site improvements, as well as a detailed construction breakdown of these expenses. Off-site improvement costs must be separated out into the following categories:

(1) General off-site costs (off-sites that do not immediately border the project site)

(2) Project-specific off-site costs (off-sites that immediately border the project site) A) Off-site costs meeting the requirements under TCAC Regulation Section 10325(c)(1) as

public contributions of off-site costs. B) Other off-site costs that do not meet the requirements under TCAC Regulation Section

10325(c)(1) as public contributions of off-site costs. Within each category, provide a list of off-sites and their individual costs. Specific costs must be listed out to total the subtotals for each category. Each cost should also be identified as being included or excluded from eligible basis and whether or not they meet the public contributions of off-site cost requirements of TCAC Regulation Section 10325(c)(1). The grand total of the costs and basis must be consistent with the total amount shown in the Sources and Uses Budget.


Page 1 of 1


State of California


ATTACHMENT 14

Verification of Zoning

SAMPLE (APPLICABLE LOCAL JURISDICTION LETTERHEAD)

California Tax Credit Allocation Committee 915 Capitol Mall, Room 485 Sacramento, CA 95814

Project Name:

Project Address / Site:

Project City:

Project County:

Housing Type:

Proposed Number of Units:

Assessor Parcel Number(s):

The entire parcel upon which the above-described low-income project will be located is zoned

which allows for residential development (multi-family) of no greater than units per acre. This project is eligible to apply for a density bonus that would allow a maximum density of units per acre.

The project, as proposed, is zoned for the intended use or is existing legal non-conforming, complies with the general plan, and conditional use requirements, if any, and has obtained all applicable local land use approvals.

Statement

Completed By:

(Signature)

Name of Signatory: (Please Print)

Title of Signatory: (Please Print)

Phone Number:

Date:


State of California


ATTACHMENT 16

Terms of Syndication Agreement

SAMPLE (Name of investor) is interested in purchasing a % interest in the captioned project. It is estimated that the $ in federal credits and the $ in state credits requested for this project would generate gross proceeds in the amount of $ . Estimated net syndication proceeds may be calculated by subtracting typical syndication costs from the estimated gross proceeds as follows: Gross Proceeds $

Investor Expenses: Investor fees (acquisition, advisory, etc.) $ Organizational and offering expenses $ Acquisition expenses $ Reserves or working capital $ Other (explain) $ Total Investor Expenses $

Partnership Expenses: Legal Expenses $ Accounting Expenses $ Other (explain) $ Total Partnership Expenses $

Less Total Expenses $ Net Proceeds $

Total Expenses / Gross Proceeds % The estimated net proceeds are equivalent to $ for each $1 of federal credit and $ for each $1 of state credit reserved to the project. None of the above fees earned by the investor will be included in the project’s eligible basis. Consistent with TCAC Regulation Section 10322(h)(19), the syndicator shall not pay any fees or provide any other financial or other substantive benefit to a partnership developer unless all such fees or benefits are fully and completely disclosed to the California Tax Credit Allocation Committee (CTCAC) in the executed Letter of Intent (LOI). The estimated pay-in schedule is as follows: Limited Partner admission: $ Permanent loan conversion: $ Receipt of IRS Form 8609: $ If there are any questions regarding these estimates please contact the undersigned. Authorized Signatory: Date: Name of Signatory:

(Please Print) Title of Signatory:

(Please Print)


State of California


ATTACHMENT 18(A) Local Development Impact Fees

Project Name:

Itemize all local impact fees to be paid. The total must correspond with the total local impact fees line item shown in the development budget of the application.

Pursuant to Regulation Section 10302(x), Local development impact fees are defined as: The amount of impact fees, mitigation fees, or capital facilities fees imposed by municipalities, county agencies, or other jurisdictions such as public utility districts, school districts, water agencies, resource conservation districts, etc.

NOTE: Permit processing fees, building permit fees, and plan check fees are NOT considered local development impact fees.

TYPE OF FEES TO BE PAID AMOUNT OF FEE

Community Development Fees $

Drainage Facilities $

Facilities Assessment $

Fire Facilities $

General Facilities $

Governmental/Environmental $

Law Enforcement Facilities $

Library Facilities $ Parks & Recreation $

Public Facilities $

Schools $

Streets & Signals $

Traffic Fees $

Waste Water Collection $

Waste Water Treatment $

Water Facilities $

Other (specify): $

Other (specify): $

Other (specify): $

Other (specify): $

Other (specify): $

Total Local Development Impact Fees $

PRINT AGENCY / JURISDICTION NAME PHONE PRINT NAME EMAIL PRINT TITLE SIGNATURE DATE

State of California


ATTACHMENT 18(B) Architect Threshold Basis Limit Certification

Project Name:

CHECK THE RELEVANT/APPROPRIATE BOXES TO THE PROJECT AND SIGN AS INDICATED:

Provide parking beneath residential units (but not “tuck under” parking) or through construction of an on-site parking structure of two or more levels.

Day care center is part of the project.

The lesser of the associated costs or up to a 15% basis adjustment for projects requiring seismic upgrading of existing structures, and/ or projects requiring toxic or other environmental mitigation.

Must attach additional project architect or seismic engineer verification of estimated cost.

At least 95% of upper floor units are serviced by elevator(s).

Projects shall have onsite renewable generation estimated to produce 50% or more of annual tenant electricity use. If the combined available roof area of the project structures, including carports, is insufficient for provision of 50% of annual electricity use, then the project shall have onsite renewable generation based on at least 90% of the available solar accessible roof area. Available solar accessible area is defined as roof area less north facing roof area for sloped roofs, equipment, solar thermal hot water, and required local or state fire department set-backs and access routes.

Project shall have onsite renewable generation estimated to produce 75% or more of annual common area electricity use. If the combined available roof area of the project structures including carports is insufficient for provision of 75% of annual electricity use, then the project shall have onsite renewable generation based on at least 90% of the available solar accessible roof area. Available solar accessible area is defined as roof area less north facing roof area for sloped roofs, equipment, solar thermal hot water, and required local or state fire department set-backs and access routes.

Newly constructed project buildings shall 15% or more energy efficient than the 2016 Energy Efficiency Standards (California Code of Regulations, Part 6 of Title 24) except that if the local building department has determined that building permit applications submitted on or before December 31, 2016 are complete, then newly constructed project buildings shall be 15% or more energy efficient than the 2013 Energy Efficiency Standards (California Code of Regulations, Part 6 of Title 24).

Rehabilitation project buildings shall have an 80% decrease in TDV energy use (or improvement in energy efficiency) post rehabilitation as demonstrated using the appropriate performance module of CEC approved software.

Irrigate only with reclaimed water, greywater, or rainwater (excepting water used for Community Gardens) or irrigate with reclaimed water, greywater, or rainwater in an amount that annually equals or exceeds 20,000 gallons or 300 gallons per unit, whichever is less.

Community Gardens of at least 60 square feet per unit. Permanent site improvements that provide a viable growing space within the project including solar access, fencing, watering systems, secure storage space for tools, and pedestrian access.

Install bamboo, cork, salvaged or FSC-Certified wood, natural linoleum, natural rubber, or ceramic tile in all kitchens, living rooms, and bathrooms (where no VOC adhesives or backing is also used).

Install bamboo, stained concrete, cork, salvaged or FSC-Certified wood, ceramic tile, or natural linoleum in all common areas.

Meet all requirements of the U.S. Environmental Protection Agency indoor Air Plus Program.

ARCHITECT CERTIFICATION

I/We, as the architectural firm contractually responsible for the design and supervision (if applicable) of the above referenced project, certify and guarantee, under penalty of perjury, that each of the individual items identified in the threshold basis limit section of this application will be incorporated into the design of the project to which this application applies.

ARCHITECT FIRM NAME (PRINT) ARCHITECT NAME (PRINT) STATE & LICENSE NUMBER

ARCHITECT TITLE (PRINT) ARCHITECT SIGNATURE DATE


State of California



ATTACHMENT 21

General Partner (G.P.) Experience

General Partner Name:

Project Name & Address TCAC (or

other) Project

Identification

Number, If

applicable

TCAC Identify

Special Needs

Projects, If

Applicable

Month, Day, &

Year the Project

was Placed-In-

Service

Month, Day &

Year G.P.

Participation

Began

Month, Day &

Year G.P.

Participation

Ended, If

Applicable

Full Number of

Years of G.P.

Participation, After

Project Placed-In-

Service*

Number of

Low Income

Units**

Number of

Special

Needs Units

1.

2.

3.

4.

5.

* General Partner experience cannot start accumulating until after the project is placed-in-service. In addition, do NOT round up the amount of time/experience. For

example, 2 years 11 months of G.P. experience is only 2 full years of experience, not 3 years.

** Project must have more than 10 units and be subject to a recorded regulatory agreement.

Check this box if you are applying through the Nonprofit or Special Needs set-asides AND requesting points specifically for special needs housing type projects. For each above-listed project, at least 50% of the units must serve special needs tenants. Points will only be awarded to special needs housing type projects.

General partners with fewer than 2 active California Low Income Housing Tax Credit projects in service more than 3 years, and general partner’s for projects applying through the Nonprofit or Special Needs set-aside with no active California Low Income Tax Credit projects in service more than 3 years, shall contract with a bona-fide management company currently managing 2 California Low Income Housing Tax Credit projects in service more than 3 years and which itself earns a minimum combined total of 2 points at the time of application. Please refer to Tab 21 of the 2017 Application Checklist in the Excel application for additional requirements.

State of California



ORGANIZATION NAME (PRINT) G.P. SIGNATURE

G.P. NAME (PRINT) DATE

State of California



ATTACHMENT 22

Management Company Experience



other) Project

Identification

Number, If

Applicable

TCAC Identify

Special Needs

Projects, If

Applicable

Month, Day,

& Year the

Project was

Placed-In-

Service

Month, Day &

Year

Management

Company

Participation

Began

Month, Day & Year

Management

Company

Participation Ended, If

Applicable*

Full Number of Years

of Management

Company Participation,

After Project Placed-In-

Service**

Number of

Low Income

Units***

Number of

Special

Needs Units

1.

2.

3.

4.

5.

6.

7.

8.

2017 TCAC WORKSHEET TO DETERMINE MANAGEMENT COMPANY EXPERIENCE MUST BE COMPLETED AND SIGNED, PLEASE CONTINUE ON NEXT PAGE.



other) Project

Identification

Number, If

Applicable

TCAC Identify

Special Needs

Projects, If

Applicable

Month, Day,

& Year the

Project was

Placed-In-

Service

Month, Day & Year

Management

Company

Participation

Began

Month, Day & Year

Management

Company

Participation Ended,

If Applicable*

Full Number of Years

of Management

Company Participation,

After Project Placed-In-

Service**

Number of

Low Income

Units***

Number of

Special

Needs Units

9.

10.

11.

Check this box if you are applying through the Nonprofit or Special Needs set-asides AND requesting points specifically for special needs housing type projects. For each above-listed project, at least 50% of the units must serve special needs tenants. Points will only be awarded to special needs housing type projects. Points will only be awarded to special needs housing type projects.

Management Companies managing less than 2 active California Low-Income Housing Tax Credit projects for more than three years, and management companies for projects requesting points under the special needs categories and managing no active California Low-Income Housing Tax Credit projects for more than 3 years, shall contract with a bona-fide management company currently managing 2 California Low Income Housing Tax Credit projects for more than three years and which itself earns a minimum combined total of 2 points at the time of application. Please provide a separate Attachment 22 form for the bona-fide management company that currently operates tax credit projects in California and which itself earns a minimum combined total or 2 points at the time of application. Please refer to Tab 22 of the 2017 Application Checklist in the Excel application for additional requirements.

* Projects previously managed, the ending date of the property management role must be no more than 10 years from the application deadline.

** Management Company experience with a project shall not pre-date the project’s placed-in-service date. In addition, do NOT round up the amount of time or experience. For example, 2 years 11 months of G.P. experience is only 2 full years of experience, not 3 years.

*** Project must have more than 10 units and be subject to a recorded regulatory agreement.

PRINT MANAGEMENT COMPANY NAME MANAGEMENT PRINCIPAL SIGNATURE

PRINT MANAGEMENT PRINCIPAL NAME DATE

State of California


ATTACHMENT 24 Service Amenities

(checklist of application items) ☐ Services Sources and Uses Budget (refer to Tax Credit application)

☐ Commitment from Applicant that services will be provided for a period of 15 years.

☐ An application proposing a project located on multiple scattered sites, shall be scored proportionately in the service amenities category based upon (i) each site’s score, and (ii) the percentage of units represented by each site.

☐ Commitments from Service Providers documenting services to be provided:

☐ Service Coordinator

☐ Other Services Specialist

☐ Adult educational, health and wellness or skill building classes

☐ Health and wellness services and programs.

☐ Licensed child care

☐ After school program for school age children

☐ Case Manager

☐ Health or behavioral health services provided by appropriately-licensed organization or individual

Documentation must be provided for each category of services for which the applicant is claiming service amenities points and must: • state the name and address of the organization or entity that will provide the services; • describe the services to be provided (including number of hours or FTE staffing, if applicable) and

must be specific to the project, not simply a general statement with examples outlined in the TCAC regulations;

• state the annual dollar value of the services; • commit that services will be provided for a period of at least one year; • commit that services will be available to tenants of the project free of charge (except for child care

services or other charges required by law); • name the project to which the services are being committed.

Organizations providing in-kind or donated service must estimate the value of those services. Volunteer time may be valued at $10 per hour.

Documentation shall take the form of a contract for services, Memorandum of Understanding (MOU), commitment letter on agency letterhead.

☐ Position descriptions (if claiming points for any of the following)

☐ Service Coordinator

☐ Case Manager

☐ Other Service Specialist

☐ Service Provider Experience Chart (see page 2 of Attachment 24)

☐ Evidence that physical space for services is provided on-site, inside the project, and provides sufficient square footage, accessibility and privacy to accommodate the proposed services. If services are located off-site, a scaled distance map evidencing the off site service is within ½ mile of the development (1 ½ miles for Rural set-aside projects).

By signing the APPLICANT STATEMENT, I/ We, who are authorized to legally act on the applicant’s behalf, certify and guarantee, under penalty of perjury, that services provided, as requested, will be available within 6 months of the project’s placed-in-service date, of a regular and ongoing nature, and provided to tenants for period of at least 15 years, free of charge (except for day care services or any charges required by law), and are not being delivered by the on-site Property Manager or other property management staff consistent with TCAC Regulations Section 10325(c)(5)(B).


State of California


ATTACHMENT 24 Service Provider Experience Chart

Each service provider that will be providing services for which the applicant is claming service amenities points must have at least 24 months experience in the successful provision of services to at least one of the project’s target populations. Please provide information on the experience of each service provider in the table below. Note that a Service Provider must be an organization. Experience of individuals may not substitute for organizational experience. Fill out one row for each service provider. Add additional lines as needed. Name and Address of Organization Providing Services

Description of Services Organization Has Provided(To meet 24 month minimum)

Target Population to Whom Services Were Provided

Dates Services Were Provided

Number of Unduplicated Clients Served In the Most Recent Year Services Were Provided

Name, Title and Phone Number of Person Who Can Provide a Reference Regarding the Services Provided (may not be affiliated with service provider)


State of California


ATTACHMENT 25 Architect Sustainable Building Method Certification

(New Construction / Adaptive Reuse)

Project Name:

(A) New Construction and Adaptive Reuse Projects: The applicant commits to develop the project in accordance with the minimum requirements of any one of the following programs:

Leadership in Energy & Environmental Design (LEED), Green Communities, Passive House Institute US (PHIUS), Passive House, Living Building Challenge, National Green Building Standard ICC / ASRAE - 700 or higher rating, or GreenPoint Rated Program

OR WELL (when not combined with the programs above)

(B) New Construction and Adaptive Reuse Projects: Points for energy efficiency according to one of the following:

i. Energy efficiency (including heating, cooling, fan energy, and water heating but not the following end uses; lighting, plug load, appliances, or process energy) beyond the requirements in the 2016 Title 24, Part 6, of the California Building Code (the 2016 Standards) for project as a whole shall be awarded as follows, provided that each building, unless waived by the Executive Director, shall meet at least half of the percentage for which the project receives points:

7% better than 2016 standards 12% better than 2016 standards

If the local building department has determined that building permit applications submitted on or before December 31, 2016 are complete, then energy efficiency beyond the requirements in the 2013 Title 24, Part 6, of the California Building Code (the 2013 Standards) for the project as a whole shall be awarded as follows, provided that each building, unless waived by the Executive Director, shall meet at least half of the percentage for which the project receives points:

9% better than 2013 standards 15% better than 2013 standards

ii. Energy Efficiency with renewable energy that provides the following percentages of project tenants’ energy loads for the project as a whole, provided that each building, unless waived by the Executive Director, shall meet at least half of the percentage for which the project receives points:

Building type Offset of Tenants’ Load

Low-Rise Multifamily (3 or fewer stories) 20% High-Rise Multifamily (4 or more stories) 30%

40%

The percentage Zero Net Energy (ZNE) solar offset of a project’s tenant energy loads is to be calculated using the California Utility Allowance Calculator (CUAC) with kilowatt hours (kWh) consumed to be balanced by kilowatts generated on-site. Gas use is to be converted to kWh for percentage ZNE offset calculations, assuming 1 Therm = 29.3 kWh, and 100,100 British Thermal Units (BTUs) = 29.3 kWh. Residential energy loads modeled by the CUAC shall include all energy used by tenants, both gas and electric, regardless of whether the energy load is billed to the owner or the tenants. This calculation excludes non-residential energy uses associates with the community building, elevators, parking lot lighting, and similar end uses, but includes domestic hot water and Heating, Ventilation, and Air Conditioning (HVAC) loads, regardless of whether they are central or distributed. For purposes of the paragraph, “High Rise Multifamily” is defined consistently with the California Energy Code.

(F) Water efficiency: Use no irrigation at all, irrigate only with reclaimed water, greywater, or rainwater (excepting water used for Community Gardens), or irrigate with reclaimed water, greywater, or rainwater in an amount that annually equals or exceeds 10,000 gallons or 150 gallons per unit, whichever is less


State of California



I/We, as the architectural firm contractually responsible for the design and supervision (if applicable) of the above referenced project, certify and guarantee, under penalty of perjury, that each of the individual items identified in the sustainable building methods section of this application will be incorporated into the design of the project to which this application applies.


ARCHITECT SIGNATURE ARCHITECT TITLE (PRINT) DATE


State of California


ATTACHMENT 25 Architect Sustainable Building Method Certification

(Rehabilitation)

Project Name:

(C) Rehabilitation Projects: The applicant commits to develop the project in accordance with the minimum requirements of any one of the following programs:

Leadership in Energy & Environmental Design (LEED), GreenPoint Rated Existing Home Multifamily Program,

Passive House Institute US (PHIUS), Passive House, Living Building Challenge,

National Green Building Standard ICC / ASRAE - 700 or higher rating, or 2011 Enterprise Green Communities

OR WELL (when not combined with the programs above)

(D) Rehabilitation Projects: The project will be rehabilitated to improve energy efficiency above the modeled energy consumption of the project as a whole based on existing conditions, provided that each building, unless waived by the Executive Director, shall meet as least half of the percentage for which the project receives points. Points are awarded based on the building(s) percentage decrease in estimated Time Dependent Valuation (TDV) energy use (or improvement in energy efficiency) post rehabilitation as demonstrated using the appropriate performance module of California Energy Commission (CEC) approved software:

15% improvement over current 20% improvement over current

Energy efficiency improvements have been completed within five years prior to the application date pursuant to a public or regulated utility program or other governmental program that established existing conditions of the systems being replaced using a HERS Rater. The applicant may include the existing conditions of those systems prior to the improvements. The project must undergo an energy assessment that meets the CTCAC Existing Multifamily Assessment Protocols. The report documenting the results of the assessment must be submitted using the Sustainable Building Method Workbook’s CTCAC Existing Multifamily Assessment Report Template.

(E) Additional Rehabilitation Project Measures: Projects receiving points under section 10325(c)(6)(D) may be awarded points for committing to developing, and/or managing, their projects with one or more of the following:

Projects shall include either:

Photovoltaic (PV) generation that offsets 30% of tenant loads (if the combined available roof area of the project structures, including carports, is insufficient for provision of 30% of annual tenant electricity use, then the project shall have onsite renewable generation based on at least 90% of the available solar accessible roof area; or

PV that offsets either 50% of common area load (if the combined available roof area of the project structures, including carports, is insufficient for provision of 50% of annual common area electricity use, then the project shall have onsite renewable generation based on at least 90% of the available solar accessible roof area); or

Solar hot water for all tenants who have individual water meters

Projects shall implement sustainable building management practices including: •

• Develop a project-specific maintenance manual including replacement specifications and operating information of all energy and green building features, and

•

• Undertake formal building systems commissioning, retro-commissioning or re-commissioning as appropriate (continuous commissioning is not required)

Projects shall individually meter or sub-meter currently master-metered gas, electricity, or central hot water systems for all tenants

(F) Water efficiency: Use no irrigation at all, irrigate only with reclaimed water, greywater, or rainwater (excepting water used for Community Gardens), or irrigate with reclaimed water, greywater, or rainwater in an amount that annually equals or exceeds 10,000 gallons or 150 gallons per unit, whichever is less.


State of California



I/We, as the architectural firm contractually responsible for the design and supervision (if applicable) of the above referenced project, certify and guarantee, under penalty of perjury, that each of the individual items identified in the sustainable building methods section of this application will be incorporated into the design of the project to which this application applies.





State of California


ATTACHMENT 26 Approvals Necessary to Begin Construction

Project Name: Housing Type:

Site Address: City:

County: Number Of Units:

Census Tract Number: APN(s):

Note: Multiple forms may be needed. Each agency with individual responsibility for the items below must complete the particular item(s) under its jurisdiction.

This letter is to confirm that the following public or tribal approvals (except building permits) and all land use environmental clearances for this project are issued or are unnecessary and the expiration dates of all required appeal periods for each item are listed and have expired, or will expire no later than 30 days beyond the application deadline date.

Check All Required Items

Approval Date

Appeal Expiration

Date*

if

N/A

If N/A, MUST provide a detailed explanation**

CEQA

NEPA***(see note below)

Tribal Land Environmental Review

Toxic Report

Soils Report

Coastal Commission Approval

Article 34 of State Constitution

Site Plan Review Completed

Conditional Use Permit

Variance Approval

Other Discretionary Review:

Other Requirements:

Other Requirements:

**A detailed explanation must be provided for each of the above items that have been checked, “N/A.” Please attach an extra sheet of paper if unable to fit entire explanation, as this is important for the review process.

*By checking box, the applicant acknowledges responsibility to re-submit Attachment 26, Approvals Necessary to Begin

Construction form, due to the appeal period allowed to run up to 30 days beyond the application due date (by July 28, 2017). The applicant is aware that in order to garner these readiness points, the applicant must provide proof/documentation that either no appeals were received, or that any appeals received during that time period were resolved within that 30-day period. The updated/re-submitted Attachment 26 and documentation must be provided within 7 days of the expiration of the 30-day appeal period (by August 4, 2017).

***By checking box, the local agency is confirming that for the “Approval Date” proof/documentation, the Request for

Release of Funds (HUD Form 7015.15) or equivalent is/was submitted to the federal entity by the application due date (by June 28, 2017) – Please attach proof/documentation and for the “Appeal Expiration Date” proof/documentation, the Authority to Use Grant Funds (HUD Form 7015.16) or equivalent is/was issued no later than 30 days beyond the application due date (by July 28, 2017) – Please attach proof/documentation. For projects exempt from NEPA, the appropriate documentation verifying exemption must be attached.

I/We, as the local jurisdiction/agency, certify and guarantee, under penalty of perjury, that each of the above items identified have been met and all appeals have been exhausted or all time limits of those appeals have or will expire no later than 30 days beyond the application deadline date.

PRINT AGENCY / JURISDICTION NAME PHONE

PRINT NAME EMAIL

PRINT TITLE SIGNATURE DATE

State of California


ATTACHMENT 27 Enhanced Accessibility and Visitability Architect Certification

Project Name:

Project design incorporates California Building Code Chapter 11(B) and the principles of Universal Design

in at least half of the project's units by including:

• Accessible routes of travel to the dwelling units with accessible 34” minimum clear-opening-width entry, and 34” clear width for all doors on an accessible path.

• Interior doors with lever hardware and 42” minimum width hallways.

• Fully accessible bathrooms complying with California Building Code (CBC) Chapter 11(A) and 11(B). In addition 30” x 48” clearance parallel to and centered on the bathroom vanity.

• Accessible kitchens with 30” x 48” clearance parallel to and centered on front of all major appliances and fixtures (refrigerator, oven, dishwasher and sink).

• Accessible master bedroom size shall be at least 120 square feet (excluding the closet), shall accommodate a queen size bed, shall provide 36” in clearance around three sides of the bed, and shall provide required accessible clearances, free of all furnishings, at bedroom and closet doors. The master bedroom closet shall be on an accessible path.

• Wiring for audio and visual doorbells required by UFAS shall be installed.

• Closets, balconies, shall be located on an accessible route.

• These units shall, to the maximum extent feasible and subject to reasonable health and safety requirements, be distributed throughout the project consistent with 24 CFR Section 8.26.

• Applicant must commit to obtaining confirmation from a Certified Accessibility Specialist that the above requirements have been met.


I/We, as the architectural firm contractually responsible for the design and supervision (if applicable) of the above referenced project, certify and guarantee, under penalty of perjury, that each of the individual items identified in the miscellaneous Federal and State Policies section of this application will be incorporated into the design of the project to which this application applies.




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State of California


ATTACHMENT 28 FARMWORKER ELIGIBILITY CERTIFICATION

Regulation Section 10302(p)

APPLICANT CERTIFICATION

I/We, who are authorized to legally act on the applicant’s behalf, certify and guarantee, under penalty of perjury, that the proposed development of permanent housing will be exclusively for agricultural workers (as defined by California Labor Code Section 1140.4(b)). Specifically, the housing will be occupied by, only farmworkers and their households as required by the above referenced Regulation section.

AUTHORIZED SIGNATORY DATE

NAME OF SIGNATORY (PRINT) APPLICANT NAME (PRINT)


State of California


APPENDIX

LETTER OF INTENT (LOI) REQUIREMENTS Regulation Section 10325(c)(8)

Include the terms and conditions pursuant to which an investor will acquire at least a 99% interest (usually 99.99%) in the partnership that owns the property:

• Name of the partnership, limited partner or investor, general partner(s) and guarantors

• Describe the design and outline the development schedule

• Outline the construction and permanent financing sources, amounts, terms

• State the tax credit reservation amount and terms, including credit delivery schedule, basis

and timing adjusters

• State the net price to be paid per dollar of credit, total capital contribution amount,

contribution schedule and terms for payment

• State any additional conditions which could affect the pricing

• Outline guarantees and other obligations of the general partner

• State the requirements for Operating and Replacement Reserves

• Provide cash flow and sale or refinancing “waterfall” and GP/LP distribution splits

• State the conditions to closing into the partnership, including investor committee approval and

conditions under which there could be re-pricing or change in other terms

• Describe the developer fee and terms for payment of any deferred fee

• State exclusivity of the agreement and indicate any termination fees or damages

• Specify the term of commitment/expiration date

• Consistent with TCAC Regulation Section 10322(h)(19), the syndicator shall not pay any fees

or provide any other financial or other substantive benefit to a partnership developer unless

all such fees or benefits are fully and completely disclosed to the California Tax Credit

Allocation Committee (CTCAC) in the executed LOI.

• Include signature of the investor/syndicator and general partner
