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Myrtle Place

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    Check all that apply:

    Federal Low Income Housing Tax Credit

    State Low Income Housing Tax Credit

    Tax Exempt Bonds

    Rental Production Program (RPP) Loan

    Requested RPP Loan Amount:RPP Loan Product Requested: Multi-Family Production

    Print Preview - Final Application

    Tax Credits, RPP Loans, and/or Tax Exempt Bond Loans

    Resources Requested

    836,340

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    Is project in Qualified Census Tract & Difficult to Develop area:

    Project Name and Location

    Project Name: Myrtle Place Apartments

    Address: Five Points Road

    City: Goldsboro County: WAYNE Zip: 27530

    Census Tract: 09 Block Group:

    No

    Political Jurisdiction: County of Wayne

    Jurisdiction CEO Name: First: Last:Atlas Price Title: Board of Commissioners Chairman

    Jurisdiction Address: P.O. Box 227

    Jurisdiction City: Goldsboro Zip: 27533

    Jurisdiction Phone: (919)731-1435

    Site Latitude:

    Site Longitude:

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    Is this project a follow-on (Phase II, etc) to a previously-awarded tax credit development project?

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

    Will the project be receiving federal rental assistance?

    If yes, provide the subsidy source:If yes, provide the subsidy source: and number of units:and number of units:

    Target Population: Family

    Indicate below any additional targeting for special populations proposed for this project:

    Square Footage Information

    Project Description

    Project Type:* New Construction Rehab Adaptive Reuse

    No

    No

    Mobility impaired handicapped: 5% of units comply with QAP Section IV(F)(3) (in addition to other federal and staterequirements)

    Persons with disabilities or homeless populations: the greater of 5 units or 10% of the total units

    Remarks: We will be targeting the disabled population, including persons with mobility impairments and/orthose with developmental disabilities. We are submitting a Targeting Plan to the N.C. Department ofHealth & Human Services for their review.

    Proposed number of residential buildings: 8 Maximum number of stories in buildings: 2

    Types of Units:* Townhouse Duplex Garden Apartment Detached Single-Family

    Project Includes:Separate community building -- Sq. Ft. (Floor Area):Sq. Ft. (Floor Area): 1,7311,731

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

    Elevators -- Number of Elevators:Number of Elevators:

    Gross Floor Square Footage: 71,061

    Total Net Sq. Ft. (All Heated Areas): 61,491

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    Applicant Information

    Applicant Name: United Equities VI

    Address: P.O. Box 6171

    City: State: NC Zip:Raleigh 27628

    Contact: First: Last: Title:Jennifer Dunbar Project Developer

    Telephone: (919)755-9155

    Alt Phone: (919)621-9367

    Fax: (919)755-2245

    Email Address: [email protected]

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    Total Site Acreage: Total Buildable Acreage:

    If buildable acreage is less than total acreage, please explain:

    Identify utilities and services currently available (and with adequate capacity) for this site:

    Storm Sewer Water Sanitary Sewer Electric

    Is the demolition of any buildings required or planned?

    If yes, please describe:

    Are existing buildings on the site currently occupied?

    If yes:(a) Briefly describe the situation:

    (b) Will tenant displacement be temporary?

    (c) Will tenant displacement be permanent?

    Is the site in a distressed neighborhood?

    If yes, does a community revitalization plan exist?

    Is the site directly accessed by an existing, paved, publicly maintained road?

    If no, please explain:

    Is any portion of the site located inside the 100 year floodplain?

    If yes:(a) Describe placement of project buildings in relation to this area:

    Site Description

    7.38 5.9

    Buildable acreage is total site acreage less setback areas required by the Zoning Ordinance ofWayne County.

    No

    No

    No

    No

    Right-of-way for ingress, egress, and regress to be conveyed by owner of base tract of property.Please see property description attached to Option to Purchase.

    No

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    (b) Describe flood mitigation if the project is in the East Region and will have improvements within the 100 year floodplain:

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    Does the owner have fee simple ownership of the property (site/buildings)?

    If yes provide:

    Purchase Date: Purchase Price:

    If no:

    Site Control

    No

    (a) Does the owner/principal or ownership entity have vaild option/contract to purchase the property? Yes

    (b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract for

    purchase of the property and the seller of the property?If yes, specify the relationship:

    No

    (c) Enter the current expiration date of the option/contract to purchase: 10/31/2003

    (D) Enter Purchase Price: 291,510

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    Present zoning classification of the site:

    Is mutifamily use permitted?

    Are variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?

    If yes, have the hearings been completed and permits been obtained?

    If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule for obtainingthem:

    Is a public hearing of any kind required in the future for you to fully develop this property?

    If yes, describe the nature of the hearing and when you expect the hearing will be held:

    Are there any existing conditions of historical significance located on the project site that will require State Historic Preservation office review?

    If yes, describe below:

    Are there any existing conditions of environmental significance located on the project site?

    If yes, describe below:

    Zoning

    R 10 - multi-family use permitted

    Yes

    Yes

    Yes

    A special use permit, required for the development of this property as a multi-family project, wasobtained at the March 27 meeting of the Wayne County Board of Adjustment.

    No

    No

    No

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    Ownership Entity

    Owner Name: Myrtle Place Apartments, LLC

    Address: P.O. Box 6171

    City: State: NC Zip:Raleigh 27628

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

    Federal Tax ID Number of Managing GP or Member: (If Not Assigned)244-64-7461

    Entity Type: Limited Liability Company

    Entity Status: To Be Formed

    Is the applicant requesting that the Agency treat the application as Non-Profit sponsored? No

    Is the applicant requesting that the Agency treat the application as CHDO sponsored? No

    List all general partners, members,and principals. Specify nonprofit corporate general partners ormembers. Click [Add] to add additional partners, members, and principals.

    Org: Myrtle Place Apartments, LLC

    First Name: Fred Last Name: Mills Function: Managing Member

    Address: P.O. 6171

    City: Raleigh State: NC Zip: 27628

    Phone: (919)755-9155 Fax: (919)755-2245

    EMail: [email protected] Nonprofit: No TaxID 244-64-7461

    Org: Myrtle Place Apartments, LLC

    First Name: Stuart Last Name: LeGrand Function: Member

    Address: P.O. Box 727

    City: Shelby State: NC Zip: 28151

    Phone: (704)482-5614 Fax: (704)482-8894

    EMail: [email protected] Nonprofit: No TaxID 242-74-9421

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    Specify Low Income Unit Targeting in table below. List each applicable targeting combination in a separate row below. Click [Add] to createanother row. Click "X" (at the left of each row) to delete a row. Add as many rows as needed.

    Total Low Income Units:

    Note: This number should match the total number of low income units in the Unit Mix section.

    Targeting

    # BRs Units %

    1 2 targeted at 40 percent of median income.

    2 9 targeted at 40 percent of median income.

    3 4 targeted a

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