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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: jennifer@millsconstructionco.com

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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: jennifer@millsconstructionco.com 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: mcci@shelby.net 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