Texas State Affordable Housing Corporation · 2012 TSAHC Bond Application The Gateway Northwest...

2012 TSAHC Bond Application

The Gateway Northwest

Owner:

General Partner:

Developers:

Contact Person:

Georgetown, Texas

THF Georgetown Gateway Northwest, Ltd.

THF Gateway Northwest, LLC

THF Housing Development Company, LLC and ILG Development, Inc.

Mark Mayfield, President/CEO Texas Housing Foundation 1110 Broadway Street Marble Falls, TX 78642 830-693-4521 (phone) 830-693-5128 (fax) [email protected]

or

J anine Sisak, Senior VP /General Counsel Diana McIver & Associates, Inc. 4101 Parkstone Heights Drive, Suite 310 Austin, Texas 78746 512-328-3232 x 166 (phone) 512-329-4584 (fax) [email protected]



Georgetown, Texas

Tab 1: Development Information

Please find the following information behind this tab:

Development Narrative

Developer Resume

T E x A s State Affordable Housing Corporation

Tab 1

III. DEVELOPMENT INFORMATION.

Name of Development: The Gateway Northwest

D Multi Property Pooled Transaction I:8J Single Property Transaction

Number of Properties: 1 Total Number of Units: 180

Number of Low-Income Units: 177

Targeted Housing Need. Each application must meet one of the four Targeted Housing Needs as noted in the RFP. Please select all that apply.

[8J Rural and Smaller Urban Markets

D Senior and Supportive Housing

D At-Risk Preservation and Rehabilitation

D Disaster Relief Housing

(001 Please attach a narrative of the planned Development behind this page of the application. Include any details about the Development that will help us identify it as one of the five Targeted Housing Needs.

IV. DEVELOPER INFORMATION

Name of Developer:

Developer Address:

City: Marble Falls

Co-developer THF Development Company, LLC'

Co-developer ILG Development, Inc.

1110 Broadway

State: Texas Zip: 78654

Contact Name: Mark Mayfield Contact Phone: 830-693-4521

Contact Email: [email protected] Contact Fax: 830-693-5128

Signatory Name: Mark Mayfield Signatory Phone: 830-693-4521

Signatory Title: President/CEO of THF Housing Development Corporation, the Managing Member of THF Gateway Northwest, LLC, the General Partner Signatory Email: [email protected]

Does the Developer, or Developer's principals, have experience in affordable [8J Yes / D No housing development?

Does the Developer, or Developer's principals, have experience with bond [8J Yes / D No financed development?

How many units of housing have the Developer, or Developer's principals, 1 052 completed?

(001 Please attached a narrative that describes the background and experience of the Developer, and Developer's affiliates

Please see attached narrative.

Updated 11.14.11 Page 3 of 16

About the Proposed Housing

DEVELOPMENT NARRATIVE

The Gateway Northwest Georgetown, Texas

The Gateway Northwest is proposed as a newly constructed multi-family community of 180 units in Georgetown, Williamson County, Texas. This apartment complex will include nine twoand three-story residential buildings and one community building, and will target families at a mix of incomes as follows:

I # of units I Type I Square Footage I Rent I Income Eligibility I l 9 l IBrllBa l 688 sq. ft. l $344 l 30% of Median l

l 35 l 2Br/2Ba l 1,050 sq. ft. l $775 l 60% of Median l r::T:: :::::::::: :: : : :::::::: : ::::: · ::::::::::::r::~:~i.!.?~:~ : : : : :::: :: ::::::::::::::::r::::L§ :~:Q:::~q:~::~:;::::::::::::::::::::::rJ?:§§::: ::::: : :::: : : : :: : :: : : : : : : ::: :r: ::~~~~:~~:::: :: ::::::::::::: : ::::: : : : :::::: : :::::::: :: : : :: : ::::: : : :: : ::: :::1 l 55 l 3Br/2Ba l 1,250 sq. ft . l $865 l 60% of Median l [j:::::::::::::::: :: ::::::::::::: · ::::::::::::r:.~ :~i.!.?~:~:: ::::: : :::::::::::::::::I ::L?:$.:Q: ::~:q:·:::~:;: : ::::::::::::::::: : :::r:::$.I9.:§§: :: : ::: : ::::: : :: :: ::: :::::r::~~~~:~~:::::::::::::::::::::::::::::::: : :::: :::: :: ::::::::::::: : .:: : :::::1 Currently the income eligibility level for a 30% unit is $15,960 for a single person and $18,240 for a couple. The 60% income level is $31 ,920 for a single person and $36,480 for a couple. These limits are adjusted annually.

Each of the nine residential buildings has twenty apartment units. Each apartment unit will include 9' ceilings, a full appliance package, washer/dryer hookups, ceiling fans , and a private patio with secured storage. The buildings will be designed to maximize energy efficiency, including dual pane insulating windows, insulation that exceeds code for walls and ceilings, and high SEER rated air conditioners. The design will feature a hardiplank and stucco exterior, and a community building that features:

.:. A community room with covered patio and "party kitchen" for gatherings, resident meetings, and special social events;

.:. A swimming pool;

.:. A fitness room;

.:. Manager and leasing offices;

.:. Maintenance office/workroom;

.:. Storage units;

.:. Laundry facilities ;

.:. BBQ and picnic areas;

.:. Children' s playscapes.

Additionally, services will be provided onsite, at no cost to the residents. Such services will include social and educational activities, health screenings, and information and referral.

About the Site & Neighborhood

The proposed development will be located on approximately 8 acres of land at the northwest corner of the intersection of Northwest Boulevard and Washam Drive. This is an ideal location for families as it is located near the Interstate Highway 35 access road, and therefore is within a short driving distance from many retail and eating establishments.

About the Proposed Ownership The Gateway Northwest will be owned by THF Georgetown Gateway Northwest, Ltd., a Texas limited partnership. The sole managing member will be THF Gateway Northwest, LLC, owned by THF Housing Development Corporation, an affiliate of the Texas Housing Foundation.

Page 2

Mission

Creation

Vision

Brand

Leadership

Goals

Attitude

Achievements, Properties Managed

TEXAS HOUSING FOUNDATION A Texas Regional Public Housing Authority

Provide opportunities for lower income residents of the State of Texas to live in decent and safe housing that they can afford located in communities of which they can be proud.

The Texas Housing Foundation was created in 2006 to provide the tool to create, develop, administer, manage, and provide services to affordable housing projects through its related business entities and for its residents and the communities in which they are located. Through 2010, over $80MM financed to develop over 900 units .

We envision communities in which families and individuals, senior citizens and children , independent and interdependent citizens, live and grow in homes and neighborhoods that are comfortable and valuable. We have developed and/or manage 1000+ units of affordable housing .

Raising the Standard of Living

THF is governed by a 3-member board of directors appointed by the County Commissioners of each participating county. Currently Blanco, Burnet and Llano Counties participate within the organizational structure of the Texas Housing Foundation .

1995

1997 - 2001

1998 2000 2001

2003 2004 2004 2005 2008 2010 2010 2010 2010 2011

CREA TE OPPORTUNITIES Single-family and multifamily residences that meet the needs of lower income residents for decent and affordable housing .

CREA TE VALUE Residential properties that are assets

to our residents and our neighborhoods.

CREA TE QUALITY Residents are customers who have choices.

Their satisfaction is our business.

Care for our customers. Exceed others' expectations.

Challenge the commonplaces. Beat the benchmarks.

Surpass our standards.

Developed 24 3BR duplex units in Marble Falls with a commercial bank loan , HOME, and AHP financing.

Built 24 3BR homes in an infill subdivision in Marble Falls with a HOME interim construction fund and private mortgages. Developed 54 townhouses with local bank tax-exempt financing Co-developed 76-unit senior apartments in Kingsland with LlHTC. Co-developed 48-unit seniors project in Fredericksburg with LlHTC and TDHCA Housing Trust Fund financing . Co-developed 76-unit seniors project in Marble Falls with LlHTC. Co-developed 124-unit family project in Marble Falls with PAB+LlHTC Co-developed 76-unit family project in Kingsland with LlHTC Co-developed 44-unit seniors project in Fredericksburg with LlHTC Co-developed 28-unit family project in Johnson City with HOME Co-developed 76-unit family project in Liberty Hill with LlHTC Co-developed 64-unit family project in Llano with LlHTC/HOME Co-developed 112-unit family project in Waco with LlHTC/HOME Acquired 64-unit family project in San Marcos developed with LlHTC Co-developing 80-unit family project in Marble Falls with LlHTC/HOME Co-developing 64-unit family project in Canadian with LlHTC/HOME Co-developing 18-unit Phase II family project in Johnson City w/ HOME

Community Resource Centers of Texas, Inc.

Affiliated Businesses

Contact

TEXAS HOUSING FOUNDATION A Texas Regional Public Housing Authority

THF currently operates and fully underwrites a one-stop social service outreach serving Burnet County with 29 participating non-profit and state agencies all housed under one roof. Construction is now complete with additional new Community Resource Centers in Llano and Williamson Counties.

THF also collaborates with other municipalities, foundations, service providers and through joint ventures with private developers to develop, finance, and manage affordable housing projects.

Mark A. Mayfield, President and Chief Executive Officer Texas Housing Foundation 1110 Broadway, Marble Falls, Texas 78654 Tel (830) 693-4521 Fax (830) 693-5128 Email [email protected] www.txhf.org

6810 - B FM 2147 West P.O. Box 8327

~ BUILDERS LTD. ~--c;'ENERAL. CO N TRA CT OR

Phone: Fax:

Horseshoe Bay, Tx 78657

Organization: Limited Partnership

Established: 1982

830.598.2454 830.598.6966

Descri ption: A general contracting firm specializing in multi-family and light commerical projects.

Partners: Steve Nash and Ryan Nash

Selected Project List

Project:

Owner:

Architect:

Contract:

Completion:

San Gabriel Crossing Apartments

THF Liberty Hill Housing LP

Cameron Alread Architect, Inc.

$6,500,000.00

Aug-11

Description : A 76-unit apartment complex for families.

Project:

Owner:

Architect:

Contract:

Completion:

Park Ridge Apartments

Park Ridge Ltd.

Cameron Alread Architect, Inc.

$5,788,000.00

Aug-11

Description : A 64 unit apartment complex for families .

Project:

Owner:

Architect:

Contract:

Completion:

Stanley Dental

Dickie Stanley

Chad Pierce

$ 1,485,000.00

Mar-10

Description: Dental office building .

Project: Highland Lakes Realtors Association Building

Owner: Highland Lakes Realtors Association

Architect: Walter Barrineau

Contract:

Completion:

$ 780,000.00

Feb-10

Description: 5500 sf Office Building

Project:

Owner:

Architect:

Contract:

Completion:

Creekview Apartments

Texas Housing Foundation

Cameron Alread, Architect

$ 2,658,000.00

Sep-09

Description : A 28 unit apartment complex for famil ies.

Project:

Owner:

Architect:

Contract:

Completion :

American Bank of Texas - Horseshoe Bay

American Bank of Texas

TAG International

$ 881 ,000.00

Jun-09

Description: Branch Banking Facility

Project:

Owner:

Architect:

Contract:

Completion:

Cattleman's National Bank - Blanco

Cattleman's National Bank

Stehling, Klein, Thomas Architects

$ 1,150,000.00

Jan-09

Description: Branch Banking Facility

Project:

Owner:

Architect:

Contract:

Completion:

Faith Academy Gym

Faith Academy Gym

n/a

$ 240,000.00

Dec-08

Description: 8000 sf multi-purpose gymnasium

Project:

Owner:

Architect:

Contract:

Completion:

Townepark Fredericksburg Phase II

Townepark Fredericksburg Housing Partners


$ 2,400,000.00

Jan-07

Description: A 44 unit apartment complex for senior citizens with recreation facilities.

Project:

Owner:

Architect:

Contract:

Completion:

Henly Volunteer Fire Department

Hays County Emergency Services District

Earl Nesbitt

$ 300,000.00

Mar-07

Description: Vehicle and equipment storage with office space.

Project:

Owner:

Architect:

Contract:

Completion:

Kingsland Trails Apartments

Kingsland Trails LP


$ 4,280,000.00

Jan-06

Description: A 76 unit multi-family apartment complex with recreation facilities .

Project:

Owner:

Architect:

Contract:

Completion:

First State Bank Central Texas - Kingsland

First State Bank Central Texas

Enviroplan

$ 715,000.00

Jul-06

Description: Branch Bank Facility

Project:

Owner:

Architect:

Contract:

Completion :

American Bank of Texas - Kingsland

American Bank of Texas NA

TAG International

$ 730,000.00

Jul-06


Project:

Owner:

Architect:

Contract:

Completion:

First State Bank Central Texas - Marble Falls


Earl Nesbitt

$ 600,000.00

Apr-06


Project:

Owner:

Architect:

Contract:

American Bank of Texas - Operations Center

American Bank of Texas NA

TAG International

$ 900,000.00

Completion : Oct-OS

Description: Office Building

Project:

Owner:

Architect:

Contract:

Completion:

Meadowlakes MUD Administration Building

Meadowlakes Municipal Utility District

David Rowland

$ 300,000.00

Jan-OS

Description: First State Bank Central Texas - Burnet

Owner:

Architect:

Contract:

Completion:


Earl Nesbitt

$ 330,000.00

Feb-04


Project:

Owner:

Architect:

Contract:

Completion:

TownePark Fredericksburg Phase I

TownePark Fredericksburg Housing Partners


$ 2,700,000.00

Jul-03

Description: A 44 unit apartment complex for senior citizens.

Project:

Owner:

Architect:

Contract:

Completion:

Gateway Gardens

Assisted Care Services, Inc.

Hassan Irsheid

$ 2,700,000.00

Dec-02

Description: Assisted living care center.

Project:

Owner:

Architect:

Contract:

Completion:

TownePark Kingsland

TownePark Kingsland Housing Partners


$ 4,200,000.00

Jul-02

Description: A 76 unit multi-family apartment complex.

Project:

Owner:

Architect:

Contract:

Completion:

Arrowhead Bank Fredericksburg

Arrowhead Bank

Earl Nesbitt

$ 750,000.00

Sep-OO

Description : Branch Bank Facility

Project:

Owner:

Architect:

Contract:

Completion:

Turtle Creek Townhomes

Marble Falls Housing Development Corp


$ 2,300,000.00

Jul-99

Description: A 54 unit multi-family apartment complex.



Georgetown, Texas

Tab 2: Financial Team


Tab 2

v. FINANCIAL TEAM.

Please complete all of the following contact information. II Attach any additional contact information behind this page of the application.

Bond Purchaser ("BP"): PNC Real Estate

Bond Purchaser Contact: Mark Ragsdale

Bond Purchaser Address: 575 Market Street 28th Floor San Francisco, CA 94105

Bond Purchaser Phone: (415) 733-1533 Email: [email protected]

Bond Purchaser Counsel: TED

BP Counsel Contact:

BP Counsel Address:

BP Counsel Phone: Email:

Developer's Counsel: Coats Rose

Developer's Counsel Contact: Scott Marks

Developer's Counsel Address: 1717 W. 6th Street Suite 420, Austin, TX 78703

Developer'S Counsel Phone: (512) 684-3843 Email: [email protected]

Underwriter: PNC Real Estate

Underwriter Contact: Terry Welman

9 Benavente

Underwriter Address: Irvine CA 92606

Underwriter Phone: 949-333-3897 Email: [email protected]




Georgetown, Texas

Tab 3: Financing Information


Sources & Uses

Financing Narrative


Tab 3

VI. FUNDING REQUEST.

Developers shall complete the table below and all other relevant information requested. Refunding and Restructuring applications may skip the form fields, but must submit a narrative that fully describes the proposed changes to the existing development.

Source of Funds

Multifamily Private Activity Bonds

501 (c) (3) Bonds / Taxable Bonds

Tax Credits (TDHCA)

Other Sources: (name) TDHCA HOME Funds

Other Sources: (name)

Other Sources: (name)

Total Sources

Please see attached Sources and Uses.

Will the interest rates be fixed or variable?

Does the interest rate include Trustee and Issuer Fees?

Amount Rate Term

Fixed

no

II A narrative description of the bond issuance must be attached behind this page. If there are any special bond structures planned (swaps, splits, variable rates, taxable tails, etc ... ) please provide a thorough explanation of the bond structures to be used. Additionally, attach any term sheets or special proformas from bond purchasers, if available, behind this page. Restructuring and refunding applications must also provide a detailed list of all amendments planned to the indenture, loan agreement or other documents associated with Development.

Please see financing narrative attached.


SUMMARY OF SOURCES AND USES OF FUNDS

Describe all sources offunds and total uses offunds. Information must be consistent with the information provided throughout the Application (i.e. Financing Narrative, Commitment Letters and Development Cost Schedule). Wherefunds such as tax credits, loan guarantees, bonds are used, only the proceeds going into the development should be identified so that "sources" match "uses."

Development Name: The Gateway Northwest Development C iry:_G __ e_o_r~g~e_to_w __ n ________________________________ __

Funding Description Construction Period Permanent Period

Financing Participants

LoanlEquity Interest LoanlEquity Interest Syndication Amount Rate(%) Amount Rate(%) Amort Term Rate ($)

DEBT - " .... ~ .. ." I ,

Conventional Loan/FHA $12,24 1,800 6.20% $12,241 ,800 6.200% 40 40 PNC Real Estate TDHCA HOM E $2,000,000 0.00% $2,000,000 0.00% TDHCA Conventional Loan $2,780,100 2.80% 19 months PNC Real Estate Bridge Loan

Other (Please Describe) Other (Please Describe)

Third Party Equity ... . .

I HTC Syndication Proceeds $3 ,973,029 $6,513, 162 $0.95 PNC Real Estate

Other (Please Describe)

Grant ~ ~

; ,-

,- • - f In-Kind Contribution $100,000 $100,000 Property Tax Exemption


Deferred Developer Fee ... ~., ~- - - .. - - , - - - " .. - .. ..

1 Deferred Developer Fee $830,715 $1,070,682


Other ., .. .. _-

J Please Describe Please Describe Please Describe Please Describe

TOTAL SOURCES OF FUNDS $ 21 ,925,644 $ 21,925,644 TOTAL USES OF FUNDS $ 21,925,644

Texas Department of Housing Community Affairs - Multifamily Uniform Application (December 2010)

Financing Narrative

Construction Sources & Uses

The construction funding sources include bond proceeds from PNC Real Estate in the amount of $12,241,800, a bridge loan from PNC Real Estate in the amount of $2,780,100, a TDHCA HOME loan in the amount of $2,000,000, and investor equity in the amount of $3,973,029. The majority of the developer fee will not be paid during construction, so the total construction sources balance the total construction uses.

The bond proceeds from PNC will carry an interest rate of approximately 6.2% and will require principle and interest payments during the term of the loan. Interest, during construction, assuming the loan is fully drawn for one year, will be approximately $758,991.

The bridge loan from PNC will carry an interest rate of approximately 2.8% and will require interest -only payments during the term of the loan. Bridge loan interest, assuming the loan is fully drawn for one year, will be approximately $77,843.

The HOME loan of $2,000,000 will be available for use during construction, but will have no payments during the construction period.

Permanent Sources & Uses

Permanent sources include bond proceeds from PNC Real Estate in the amount of $12,241,800 and the HOME loan of $2,000,000. PNC will provide credit enhancement for the bonds under the HUD 221(d)(4) program. The bonds will carry an interest rate of approximately 6.2%, with a 40 year amortization. The requested terms of the HOME loan are a 0% interest rate with a 30 year amortization and a 30 year term.

The $100,000 property tax exemption is also a permanent source of funds.

The total equity available from PNC Real Estate as a permanent source of funding will be $6,513,162.

The final source of permanent funding will be the developer fee note in the amount of $1,070,682.



Georgetown, Texas

Tab 4: Property Information


Site Control Documents and Legal Descriptions

T E x s State Affordable Housing Corporation

Tab 4

VII. PROPERTY INFORMATION.

The information below is to be used for completing the TBRB application for private activity bond reservation. Developers proposing to develop more than one property location must submit the information separately for each property site. An itemized list of each property including Name, Region, City and # of Units must be included as the first page of this Tab.

Property 1 of 1

Name: The Gateway Northwest

Address: Northwest Blvd. at Washam Drive Region: 7

County: Williamson City: Georgetown Zip: 78627

Census Tract: 48491020114 QCT Designation (check one): D Yes or ~ No

Metro: ~ Non-Metro: D AMFI of Census Tract: $68455

Number of Units: 180 Number of Buildings: 9 residential; 1 community

Development Type:

D Acquisition/Rehabilitation

~ New cons truction

Current Owner of Development: Texas Housing Foundation

Owner Address, City, State, Zip: 1110 Broadway, Marble Falls, TX 78654

Owner Phone: (830) 693-4521 Owner Fax: (830) 693-5128 Owner Email: [email protected]

Legal Description of Development Location: See legal description attached.

Option on Land (Earnest Money Contract)

II A copy of the site tontrol documentation shall be submitted behind thzs page for each propertY.

Da te 0 f Op tion Expiration * (provide page and section): 9/30/12

Can Extend Until* (provide page and section): TBD * Options on Land, Earnest Money Contracts, or similar site control documentation must be active for at least 90 days after the date of submission of this package, unless otherwise agreed to by the Corporation. Additionally, contracts must be extendable through the complete 150 day reservation period.


EXCHANGE CONTRACT

THIS IS A CONTRACT whereby the parties agree to exchange the properties described in Paragraph 2 hereof upon the terms and conditions hereinafter set forth.

1.

2.

(A)

(8)

Parties.

Address:

Address:

Properties.

The names and addresses of the parties to this contract are:

JAMES DAVID WOLF ("Wolf') 414 Indigo Lane Georgetown, Texas 78628

TEXAS HOUSING FOUNDATION (UTHF") 1110 Broadway St. Marble Falls, Texas 78654

Wolf owns that 3.89 acre tract of land described on Exhibit "A". Wolf agrees to convey such property together with all improvements situated thereupon, and together with the following easements, all of which is hereafter referred to as the "Wolf Property": (I) THF plans to develop a housing project on the property being acquired from Wolf under this

contract together with other adjoining property owned or to be owned by THF ("THF Housing Project Property"). As part of this contract, Wolf agrees to grant THF an access easement over the width of Washam Drive as necessary for access to the THF Housing Project Property and to join with THF in dedication of Washam Drive as part of any plat application filed by THF for the THF Housing Project Property. As part any such plat dedication, Wolf agrees to also grant easements for utilities and public improvements over and along Washam Drive as necessary forTHF's development of the THF Housing Project Property.

(ii) A drainage easement appurtenant to the THF Housing Project Property over and across the property being conveyed to Wolf under this contract and Wolfs adjoining property to a planned drainage and detention pond on Wolfs adjoining property as designed by Waeltz & Prete, Inc., civil engineers, and as determined by a utility construction cost sharing agreement ("UCCSA") to be entered into by Wolf, THF and the City of Georgetown. Such drainage easement will provide for an entirely enclosed storm sewer system. THF and the City of Georgetown shall bear all responsibility for compliance with the tree mitigation requirements of the City of Georgetown Unified Development Code. Since the initial construction does not include drainage facilities serving Wolfs property, all construction and tree mitigation costs shall be borne by THF and the City of Georgetown as set forth in the UCCSA. In the event no agreement is reached with the City of Georgetown, THF may proceed with construction at its own expense in accordance with the design and construction plans prepared by Waeltz & Prete, Inc., in which case THF will have sole responsibility for maintenance and costs of the facilities constructed.

(iii) Easements and covenants as necessary for access to construct and for maintenance of a detention pond on Wolfs adjoining property in accordance with the preceding section.

THF owns an option to purchase that 6.57 acre tract described on Exhibit "B". THF agrees to convey such property to Wolf together with all improvements situated thereupon, hereafter referred to as the "THF Property".

3. Title. Within fifteen (15) days from the Effective Date of this Contract, or as soon thereafter as Title Company may prepare same, each party shall deliver to the other party a Commitment for Title Insurance in the amount of the agreed fair market value of the exchanged property and legible copies of all instruments mentioned therein as exceptions to good and indefeasible title, as well as legible copies of any instruments referred to in such instruments which affect the Property owned by the party furnishing the commitment (all of such items hereinafter collectively referred to as the Commitment) as well as copies of all notes, if any, secured by liens upon the Property and copies of all instruments securing their

EXCHANGE CONTRACT 5:\11-149\11-149 K 2-22-12.wpd

Page 1

payment. Should such Commitment ~nt~in any exceptions othert~a.n the standar~ preprinted e~~ptio~s, to be modified as set forth elsewhere In this Contract, the party receiving the commitment shall, within thirty (30) days after receipt of the Commitment and the survey, whichever is later, notify the party delive~ng ~he Commitment if any such exceptions are unacceptable. If any exceptions are unacceptable, the dehvenng party shall have fifteen (15) days from the date she receives notice of such unacceptable exceptions to remove or cure such exceptions. All liens against the Property shall automatically be deemed to be unacceptable exceptions to title. If either party fails or refuses to cure said unacceptable ex~ptions within the time period herein provided (except as to liens to be satisfied at Closing from the closing proceeds), the other party may, as its sole remedy, either (I) terminate this Contract or (ii) waive such exceptions, enforce specific performance and accept title subject thereto. In the event that either party (the "Notifying Party") notifies the other party ("Other Party") that it cannot or will not cure such exceptions, the Other Party shall, within 15 business days, notify the Notifying Party and Escrow Agent that the Other Party either (a) agrees to accept title subject to such uncured exceptions, in which case they shall be deemed Permitted Exceptions, or (b) that Other Party elects to terminate this Contract in which case neither party shall have further liability to the other. In the event Other Party fails to give such notice within 15 business days, it will be conclusively presumed that Other Party has elected to accept title pursuant to (a).

4. Survey. Within 30 days after the date each party shall provide the other with a survey of its Property certified to each party and the Title Company, prepared by a registered professional land surveyor, and containing sufficient detail to allow the deletion of the standard boundary exception from the Title Commitment.

5. Feasibility Period. Not applicable.

6. Taxes. General real estate taxes for the current year and all other items of income and expense related to each Property shall be prorated as of the Closing Date and shall be adjusted in cash, at closing. If the closing shall occur before the tax rate is fixed for the current year, the apportionment of taxes shall be on the basis of the tax rate for the next preceding year applied to the latest assessed valuation and adjusted for any change in assessment ratio. The parties shall adjust the proration of taxes based on actual taxes when known.

If this transaction or an acquiring party's use of either property after closing results in the assessment of additional taxes for periods prior to closing, the additional taxes shall be the obligation of such acquiring party. If the conveying party's change in use of such property prior to closing or denial of a special use valuation on such property claimed by the conveying party results in the assessment of additional taxes for periods prior to closing, the additional taxes shall be the obligation of the conveying party. Obligations imposed by this paragraph shall survive closing.

7. Default. Upon failure of either party to comply herewith for any reason other than such party's right to terminate according to the provisions of this Contract, or the other party's breach, the non-defaulting party may, at its option and as its sole and exclusive remedy, either (i) terminate this Contract or (ii) enforce specific performance hereof. Anything contained to the contrary herein notwithstanding, the nondefaulting party shall be deemed to have elected to terminate this Contract if the non-defaulting party fails to deliver written notice to the defaulting party of its intent to file a claim or assert a cause of action for specific performance against the defaulting party on or before thirty (30) days after the Closing Date or, having given such written notice, fails to file a lawsuit asserting said claim or cause of action in Williamson County, Texas, within two (2) months after the Closing Date

8. Real Estate Commission. In the event that the transaction contemplated by this Contract closes and funds, and only in that event, in accordance with the terms of a separate written agreement, each party agrees to pay a fee to: None.

Other than as provided for herein, each party represents and warrant to the other that no real estate brokerage commission is payable to any person or entity in connection with this transaction, and each agrees to and does hereby indemnify and hold the other harmless against the payment of any commission to any person or entity claiming by, through or under either party.


Page 2

9. Conditions Precedent To Closing. The obligation of each party to complete this exchange is subject to satisfaction of the following conditions prior to Closing:

a. Acquisition by THF of the THF Property from its current owner, Georgetown Housing Authority.

b. Approval by the City of Georgetown of the PUD application filed by Wolf and THF covering the THF Property and Wolfs Property. If final approval is not obtained by September 30, 2012, this Exchange Agreement will terminate and neither party shall have further obligation to the other.

In the event that any of the foregoing conditions precedent remain unsatisfied at the time of Closing, either party may terminate this Contract.

1 O. Closin~. The Closing shall be on or before November 1, 2012 at the Law Office of Merlin Lester, 213 A West 8 ,Georgetown, Texas.

a. At the Closing, each party shall:

i. Deliver to the other a duly executed and acknowledged General Warranty Deed conveying good and indefeasible title in fee simple to the Property, subject to no assessment, liens, indebtednesses, restrictions, easements, rights-ot-way, mineral reservations or royalties, encumbrances, or other exceptions to good and indefeasible title except those contemplated by this Contract and those which might be approved by the other party in writing.

ii. Deliver to the other party a Texas Owner's Policy of Title Insurance at the delivering party's expense issued in favor of the other party in the full amount of the value of the Property, insuring fee simple title to the Property being subject only to those title exceptions as may be approved in writing by the receiving party, the liens securing the indebtedness provided for herein, and the standard printed exceptions contained in the usual form of Texas Owner's Policy of Title Insurance.

iii. Deliver possession of the Property to the other party.

b. Deleted.

11. Representations and Warranties; Disclaimer. Each party makes the following representations, warranties and covenants to its current, actual knowledge, as of the Effective Date of this Contract and as of the date of Closing:

a. No Proceedings. There are no pending or threatened condemnation or similar proceedings or assessments affecting its property, or lawsuits by adjoining landowners or others, nor to the current, actual knowledge of the party is any such lawsuit contemplated by any person, nor is any condemnation or assessment contemplated by any governmental authority.

b. No Leases. Its property is not and will not be on the Closing Date whole or in part under lease.

c. Other Contracts. After the Effective Date of this Contract, the party will not enter into any written contracts, agreements, or listings, or be a party to any oral understandings or agreements affecting its property that (I) may become binding upon the party or (ii) could give rise to a claim by a third party of an interest in the property, other than as described in this Contract.

EXCHANGE CONTRACT S:\11-149\11-149 K 2-22-12.wpd

Page 3

d. Compliance With Laws. The party has received no written notice from any governmental authority stating that its property or any part thereof is in violation of any applicable laws, ordinances, regulations, statutes and rules, including laws, ordinances, regulations, statute and rules relating to the environment.

OTHER THAN AS HEREIN EXPRESSLY PROVIDED, EACH PARTY HEREBY SPECIFICALLY DISCLAIMS ANY WARRANTY, GUARANTY, OR REPRESENTATION, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE, OF, AS, TO, OR CONCERNING (I) THE NATURE AND CONDITION OF ITS PROPERTY OR THE PROJECT, INCLUDING BUT NOT BY WAY OF LIMITATION, THE WATER, SOIL, GEOLOGY AND THE SUITABILITY THEREOF, AND OF ITS PROPERTY FOR ANY AND ALL ACTIVITIES AND USES WHICH THE OTHER PARTY MAY ELECT TO CONDUCT THEREON, INCOME TO BE DERIVED THEREFROM OR EXPENSES TO BE INCURRED WITH RESPECT THERETO, OR ANY OBLIGATIONS ORANY OTHER MATTER OR THING RELATING TO OR AFFECTING THE SAME; (II) THE MANNER OF CONSTRUCTION AND CONDITION AND STATE OF REPAIR OR LACK OF REPAIR OF ANY IMPROVEMENTS LOCATED THEREON; (III) EXCEPT FOR ANY WARRANTIES CONTAINED IN THE DEED, THE NATURE AND EXTENT OF ANY RIGHT-OF-WAY, LEASE, POSSESSION, LIEN, ENCUMBRANCE, LICENSE, RESERVATION, CONDITION, OR OTHERWISE; AND (IV) THE COMPLIANCE OF THE PROPERTY OR ITS OPERATION WITH ANY LAWS, RULES, ORDINANCES, RESTRICTIONS OR REGULATIONS OF ANY GOVERNMENT OR OTHER BODY. EACH PARTY ACKNOWLEDGES THAT IT HAS THE RIGHT TO INSPECT THE PROPERTY, INTENDS TO AVAIL ITSELF OF THAT RIGHT, AND SHALL RELY UPON ITS INSPECTIONS IN ACCORDANCE THEREWITH AS WELL AS INQUIRIES TO THIRD PARTIES IN DETERMINING THE FEASIBILITY OF CONSUMMATING THIS CONTRACT. EACH PARTY ALSO ACKNOWLEDGES THAT IT IS A FINANCIALLY SUBSTANTIAL AND SOPHISTICATED REAL ESTATE INVESTOR. THE CONVEYANCE OF THE PROPERTY AS PROVIDED FOR HEREIN IS MADE liAS IS", AND EACH PARTY ACKNOWLEDGES THAT, IN CONSIDERATION OF THE AGREEMENTS OF EACH PARTY HEREIN, EXCEPT AS OTHERWISE SPECIFIED HEREIN, NEITHER PARTY MAKES ANY WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, OR ARISING BY OPERATION OF LAW, INCLUDING, BUT IN NO WAY LIMITED TO, ANY WARRANTY OF CONDITION, HABITABILITY, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE, RELATING TO ITS PROPERTY. The terms and provisions of this Paragraph shall be set forth in the Deed.

If, prior to Closing, any of a party's warranties or representations set forth in this Contract are discovered to be misrepresented or inaccurate, the other party shall notify the misrepresenting party promptly in writing, and the party so notified shall have the opportunity to correct or remedy such misrepresentation or inaccuracy. If such misrepresentation or inaccuracy is not remedied by the party prior to Closing, the other party may, upon written notice to the misrepresenting party (I) terminate this Contract and neither party shall have any further rights or obligations hereunder, or (ii) proceed to closing this transaction thereby waiving any claim for breach of such warranty or misrepresentation.

12. Expenses. Each party shall pay the cost of releasing all existing liens affecting her respective property. All other costs, including preparation of deeds, loan documents, copies of restrictions and easements, Escrow Fees, title policies, and contract preparation shall be borne equally by the parties.

13. Notice. All notices, demands and requests hereunder shall be in writing and shall be deemed to have been properly delivered as of the date of delivery if personally delivered or as of the date of deposit in the mail system if sent by United States Certified Mail, Return Receipt Requested, postage prepaid, addressed to the address set forth in Paragraph 1 above or to such other address which either party may designate by sending notice as aforesaid. In like manner, copies shall be delivered to the following:

If to WOLF, copy to: If to THF, copy to:

WOLF'S ATTORNEY

Merlin Lester 213A W. 8th Georgetown, Texas 78626


THF'S ATTORNEY

Michael Lucksinger PO Box 520 Burnet, Tx 78611

Page 4

14. Survival of Terms. The terms of this Contract shall survive the Closing and shall not be merged therein.

15. Assignment. Either party shall have the right to assign this Contract or any of its rights hereunder to any entity owned or controlled by such party and which is acquires the respective property subject to this Contract.

16. TITLE NOTICES: Each party gives the other notice of the following: (1) ABSTRACT OR TITLE POLICY: Each party is advised to have an abstract of title covering the Property examined by an attorney of the party's selection, or the party should be furnished with or obtain a Title Policy. If a Title Policy is furnished, the Commitment should be promptly reviewed by an attorney of the party's choice due to the time limitations on the party's right to object. (2) STATUTORY TAX DISTRICTS: If the Property is situated in a utility or other statutorily created district providing water, sewer, drainage, or flood control facilities and services, Chapter 49, Texas Water, Code requires each party to deliver and the other party to sign the statutory notice relating to the tax rate, bonded indebtedness, or standby fee of the district prior to final execution of this contract. (3) ANNEXATION: If the Property is located outside the limits of a municipality, each party notifies Buyer under §S.011, Texas Property Code, that the Property may now or later be included in the extraterritorial jurisdiction of a municipality and may now or later be subject to annexation by the municipality. Each municipality maintains a map that depicts its boundaries and extraterritorial jurisdiction. To determine ifthe Property is located within a municipality's extraterritorial jurisdiction or is likely to be located within a municipality's extraterritorial jurisdiction, contact all municipalities located in the general proximity of the Property for further information. (4) UNIMPROVED PROPERTY LOCATED IN A CERTIFICATED SERVICE AREA OF A UTILITY SERVICE PROVIDER: Notice required by §13.257, Water Code: The real property, described in Paragraph 2, that you are about to purchase may be located in a certificated water or sewer service area, which is authorized by law to provide water or sewer service to the properties in the certificated area. If your property is located in a certificated area there may be special costs or charges that you will be required to pay before you can receive water or sewer service. There may be a period required to construct lines or other facilities necessary to provide water or sewer service to your property. You are advised to determine if the property is in a certificated area and contact the utility service provider to determine the cost that you will be required to pay and the period, if any, that is required to provide water or sewer service to your property. The undersigned Buyer hereby acknowledges receipt of the foregoing notice at or before the execution of a binding contract for the purchase of the real property described in Paragraph 2 or at closing of purchase of the real property. (S) PUBLIC IMPROVEMENT DISTRICTS: If the Property is in a public improvement district, °5.014, Property Code, requires each party to notify the other party as follows: As a purchaser of this parcel of real property you are obligated to pay an assessment to a municipality or county for an improvement project undertaken by a public improvement district under Chapter 372, Local Government Code. The assessment may be due annually or in periodic installments. More information concerning the amount of the assessment and the due dates of that assessment may be obtained from the municipality or county levying the assessment. The amount of the assessments is subject to change. Your failure to pay the assessments could result in a lien on and the foreclosure of your property. (6) TEXAS AGRICULTURAL DEVELOPMENT DISTRICT: The Property is not located in a Texas Agricultural Development District. For additional information, contact the Texas Department of Agriculture.

17. Tax and Legal Advice. Neither party, nor their respective attorneys, agents, officers or employees has advised or undertaken to advise any other party as to the federal or state tax or other legal consequences, including, without limitation, the qualification under Section 1031 of the Code, of the transactions contemplated by this Contract, and they do hereby specifically disclaim any duty, obligation or responsibility for another party's tax or other legal consequences of such transaction. Each party represents and warrants to the other parties that they have retained and consulted with such tax and legal advisers as they have determined and are relying solely on such advisers as to any such tax and legal consequences.

18. Independent Counsel. Purchaser and Seller each acknowledge that: (a) they have been represented by independent counsel in connection with this Contract; (b) they have executed this Contract


PageS

with the advice of such counsel; and (c) this Contract is the result of negotiations between the parties hereto and the advice and assistance of their respective counsel. The fact that this Contract was prepared by Seller's counsel as a matter of convenience shall have no import or significance. Any uncertainty or ambiguity in this Contract shall not be construed against Purchaser because Sellers counsel prepared this Contract in its final form.

19. Effective Date. The Effective Date of this Contract shall be the date of execution of this Contract by the last party to so execute.

20. Dates. If the final date of a period or a date of performance falls on a Saturday, Sunday or legal holiday I then the final day of any such period or any such date of performance shall be deemed to fall on the next day that is not a Saturday, Sunday or legal holiday.

21. Attorney's Fees. In the event of any litigation in relation to this Contract, the unsuccessful party, in addition to all other sums that either party may be called upon to pay, shall be required to pay a reasonable sum for the successful party's attorney's fees.

22. Time Of Essence. Time is of the essence of this Contract and the performance of all terms and conditions hereof.

EXECUTED by THF on ,2012 .,,~ ~

:~SXftJOUNDAT'ON Its: -------------------------------

EXECUTED by WOLF on kUru nry.2.3 I 2012

J ir/4


~~F~-~~~-------------

Page 6

FIELD NOTES JOB NO. 11082--02 DATE: October 24,2011 PAGE 1 OF3

3.89 ACRES

EXHIBIT ''f{'

All that certain tract of land situated in Williamson County, Texas, out of the Nicholas Porter Survey, Abstract No. 497, being a portion of that tract described as 203 acres in a Deed to Jay Wolf dated February 27, 1963 and recorded in Volume 457, Page 589 of the Deed Records of Williamson County, Texas" and further described by metes and bounds as follows:

BEGINNING at a 1/2 inch iron pin found at the north corner of the northeast terminus of Washam Drive (60-foot right-of-way) in the southwest line of said Wolf tract for the east corner of Lot 7, Block B, Gateway Northwest subdivision as recorded in Cabinet G, Slide 121 of the Plat Records of Williamson County, Texas and for the south comer of this tract;

THENCE: along the southeast line of this tract with the northeast line of said Block B, Gateway Northwest subdivision, a portion of the northeast line of that tract described as 6.69 acres in a Special Warranty Deed dated June 20, 2008 to Georgetown Housing Authority and recorded as Document No. 2008050701 of the Official Public Records Williamson County, Texas and a portion of the southwest line of said Wolf tract the following two (2) courses:

1. N 27°30'50" W 469.05 feet to a 1/2 inch iron pin found for the north corner of Lot 1, said Block B, Gateway Northwest subdivision and the east comer of said Georgetown Housing Authority tract,

2. N 27°22'58" W 149.68 feet leaving said Gateway Northwest subdivision and continuing with the northeast line of said Georgetown Housing Authority tract to a 1/2 inch iron pin found for the south comer of Lot 6, Block E, Williams Addition Unit 6, a subdivision, as recorded in Cabinet D, Slide 282, of said plat records and the west comer of the remainder of said Wolf tract and this tract;

THENCE: N 38°29'23" E 143.33 feet, leaving said Georgetown Housing Authority tract and continuing along the southeast line of said Lot 6, Block E, Williams Addition Unit 6 with the northwest line of said remainder Wolf tract and this tract to a 1/2 inch iron pin with yellow plastic cap inscribed "CS, LTD" set in the southeast terminus of Garden Villa Drive (50-foot right-of-way) for the east comer of said Lot 6, Block E, Williams Addition Unit 6 and the northwest comer of this tract;

THENCE: leaving said Williams Addition Unit 6 and continuing across said remainder Wolf tract with the northeast and southeast lines of this tract in the following six (6) courses:

1. S 54°39'04" E 24.37 feet to a 1/2 inch iron pin with yellow plastiC cap inscribed "CS, LTD" set at the beginning of a curve to the left,

2. 123.36 feet along said curve (L1= 12°44'47", radius = 554.52 feet, long chord bears S 61°07'51" E 123.11 feet) a 1/2 inch iron pin with yellow plastic cap inscribed "CS, LTD" set,

3. S 65°30'41" E 292.29 feet to a 1/2 inch iron pin with yellow plastic cap inscribed "CS, LTD" set at the beginning of a non-tangent curve to the left

4. 117.82 feet along said curve (6= 58°42'05", radius = 115.00 feet, long chord bears S 16°38'27" E 112.74 feet) to a 1/2 inch iron pin with yellow plastic cap inscribed .. CS, LTD" set,

5. S 27°35'33" W 41.54 feet to a 1/2 inch iron pin with yellow plastic cap inscribed uCS, LTD" set at the beginning of a curve to the right,

S:\2011_PROJECTS\11082 GATEWAY NORTHWEST & 67 ACRES H. POTER SVY TREE SURVEY\DOCUMENTS\METES AND BOUNDs\11082-02 SWAP TRA CTs\ 11 083_3. 89AC_20111027.odt

FIELD NOTES JOB NO. 11082-02 DATE: October 24, 2011 PAGE 2 OF 3

6. 384.90 feet along said curve (.6:;:; 11°12'32", radius = 1967.50 feet, long chord bears S 33°11 '49" W 384.29 feet) to the point of Beginning and containing 3.89 acres of land.

n Grid North Texas State Plane Coordinate System (Central Zone) NAD83.

Clyde C. Gastleber 1 c, .. L.S. No. 4835 Castleberry Surveying, Ltd. 3613 Williams Drive, Suite 903 Georgetown, Texas 78628

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S:\2011_PROJECTS\11082 GATEWAY NORTHWEST & 67 ACRES H. POTER SVY TREE SURVEY\DOCUMENTS\METES AND BOUNDS\11082-02 SWAP TRACTS\11083_3.89AC_20111027.odl

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EXHIBIT TO ACCOMPANY FlELD NOTES FOR

3.89 ACRES OUT OF THE NICHOLAS PORTER SURVEY, ABSTRACT NO. 497

WILLIAMSON COUNTY, TEXAS.

LEGEND \ • 1 2 IRON PIN FOUND UNLESS OTHE'RWISE NOTED

o 1 2 IRON PIN SET w YELLOW PLASTIC CAP "cs LTD"

O.P.R .• W.C. OffiCIAL PUBUC RECORDS WilliAMSON CO. O.R.w.e. DEED RECORDS WILLIAMSON CO. p.R.-w.e. PLAT RECORDS WILLIAMSON CO.

,L1 RECORD . CAll S

(X XX-XX'XX'" X xxx.Xx· (RX)) BEARING/DISTANCE/REFERENCE

(S 2728'15'" E 149./6'

DaD \REFEBENCE

R1 - C4s. G. SL. 121. P.R.W.C. R2 - VOL. 457, PG. 589 D.R. W.C. R.3 - DOC. NO. 2008050701 O.P.R. W.C. ~

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BEARINGS CIT~D HEREON BASED ON GRID NORTH

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3.89 ACRES

JAY 'vVOLF

200 0 200 400

~ i I Scale: 1" = 200'

LINE TABLE

NUMBER DIRECTION DISTANCE

L1 N 27'22'58" W 149.68'

L2 N 38"29'23" E 143.33'

L3 S 54"39'04" E 24.37'

L4 S 27"35'33" W 41.54'

123.36' 123.11' S 61"07'51" E

117.82' 112.74' S 16"38'27" E

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Wlfltarri~ . Drive. ·· Suite 903 · ~ Georgetown. Texas .78628 (512) 930--1600/(512) .9~0;";'9389 fax · . . . . ~ww .. castleberrySurVeyirig.com

3 OF

3

FIELD NOTES JOB NO. 11082-02 DATE: October 24,2011 PAGE 1 OF3

6.57 ACRES

EXHIBIT "8"

All that certain tract of land situated in Williamson County, Texas, out of the Nicholas Porter Survey, Abstract No. 497, being all of Lots 1 and 2, Block A of Gateway Northwest subdivision as recorded in Cabinet G, Slide 121 of the Plat Records of Williamson County, Texas, and being all of Lot 1, Northwest Retail Subdivision as recorded in Cabinet Y, Slide 375 of said plat records, and further described by metes and bounds as follows:

BEGINNING at a 1/2 inch iron pin with orange plastic cap in concrete found in the northwest line of Interstate Highway 35 (right-of-way varies) for the east comer of Texas L.A.W. Addition subdivision as recorded in Cabinet E, Slide 361 of said plat records and for the south comer of said Lot 2, Block A and this tract, for reference, a TXDOT concrete monument found bears S 26°38'55" W 1575.97 feet;

THENCE: N 59°04'13" W 416.63 feet with the northeast line of said Texas L.A.W. Addition, and with the southeast line of said Lot 2, Block A, Gateway Northwest subdivision and this tract to a 1/2 inch iron pin found for the north comer of said Texas L.A.W. Subdivision, for the west comer of said Lot 2, Block A, Gateway Northwest subdivision, the south comer of said Lot 1, Block A Gateway Northwest subdivision, and for the east comer of that tract described as 0.400 acres in a General Warranty Deed dated April 27, 2005 to Scofield Properties, L.L.C. and St Reality, L.L.C., and recorded as Document No. 2005032353 of said official public records, and further described in Document No. 199940800 of said official public records;

THENCE: continuing with the southwest line of this tract the following four (4) courses:

1. N 36°38'08" W 89.91 feet with the northeast line of said 0.400 acre Scofield Properties tract to a 1/2 inch iron pin in concrete found for the north corner of said 0.400 acre Scofield Properties tract, and for the east comer of that tract described as 0.413 acres in a General Warranty Deed dated April 27, 2005 to Scofield Properties, L.L.C. and St Reality, L.L.C. and recorded as Document No. 2005032351 of said official public records, and further described in Volume 2534, Page 631 of the Official Records of Williamson County, Texas,

2. N 36°21'51" W 90.06 feet with the northeast line of said 0.413 acre Scofield tract to a 1/2 inch iron pin with orange cap found in the southeast line of said Lot 1, Northwest Retail Subdivision,

3. S 52°18'40" W 199.50 feet leaving the southwesterly line of said Gateway Northwest subdivision and continuing with the southeasterly line of said Lot 1, Northwest Retail Subdivision to a cotton spindle found in the northeast line of Northwest Boulevard, (70 foot right-of-way), for the south comer of said Lot 1, Northwest Retail Subdivision,

4. N 36°30'28" W 101.38 feet with the northeast line of said Northwest Boulevard and the southwest line of said Lot 1, Northwest Retail Subdivision to a 1/2 inch iron pin found in the southeast line of Washam Drive (60 foot right-of-way) for the west corner of said Lot 1, Northwest Retail Subdivision and this tract;

THENCE: along the southeasterly line of said Washam Drive with the northwest lines of said Lot 1, Northwest Retail Subdivision and said Lot 1, Block A, Gateway Northwest subdivision in the following three (3) courses:

1.N 39°11'26" E 271.95 feet to a 1/2 inch iron pin with orange plastic cap inscribed "RPLS 5784" found for the north comer of said Lot 1, Northwest Retail Subdivision, and for the most westerly comer of said Lot 1, Block A, Gateway Northwest subdivision,

S:\2011_PROJECTS\110B2 GATEWAY NORTHWEST & 67 ACRES H. POTER SVY TREE SURVEYlDOCUMENTSlMETES AND BOUNDs\11082-02 SWAP TRACTs\11083_6.57AC_20111024.odl

FIELD NOTES JOB NO. 11082-02 DATE: October 24, 2011 PAGE20F3

2.N 37°45'35" E 141.22 feet, leaving said Lot 1, Northwest Retail Subdivision and continuing with the northwest line of said Lot 1, Block A, Gateway Northwest Subdivision to a 1/2 inch iron pin found,

3.N 38°45'56" E 267.38 feet to a 1/2 inch iron pin found in the southwesterly line of that tract described as 203 acres in a Deed to Jay Wolf dated February 27, 1963 and recorded in Volume 457, Page 589 of the Deed Records of Williamson County, Texas, for the north comer of said Lot 1, Block A, Gateway Northwest subdivision and this tract;

THENCE: S 27°24'36" E 756.24 feet along the northeast line of Lots 1 and 2, Block A of said Gateway Northwest subdivision and a portion of the southwest line of said Wolf tract to a 1/2 inch iron pin with orange cap in concrete found in the northwest line of said Interstate Highway 35 for the east comer of said Lot 2, Block A, Gateway Northwest subdivision and this tract;

THENCE: S 27°09'30" W 199.94 feet with the northwest line of said Interstate Highway 35 and the southeast line of said Lot 2, Block A, Gateway Northwest subdivision to the Point of Beginning and containing 6.57 acres of land.

Bearings cited hereon based on Grid North Texas State Plane Coordinate System (Central Zone) NAD83.

Clyde C. Ca ,Jr., .P.L.S. No. 4835 Castleberry Surveying, Ltd. 3613 Williams Drive, Suite 903 Georgetown, Texas 78628

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S:\2011_PROJECTS\11082 GATEWAY NORTHWEST & 67 ACRES H. POTER SVY TREE SURVEY\DOCUMENTS\METES AND BOUNDs\11082-02 SWAP TRACTs\11083_6.57AC_20111024.odt

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t w .., o cr a. I

" " . EXHIBIT TO ACCOMPANY FIELD NOTES FOR 6.57 ACRES OUT OF THE NICHOLAS

PORTER SURVEY, ABSTRACT NO. 497 WILLIAMSON COUNTY, TEXAS.

- ./ \

RECORD CAl LS

(X XX-XX'XX" X XXX-XX' (RX))

BEARING/DISTANCE/REFERENCE

Ml!D Bt;ffR£NOE : R1 - CAB. G, SL. 121, P.R.W.C. R2 - 0\8. Y, S1- 375, P.R.W.C.

NOHTH'vVEST HET,t-.ll. SUE;£). CAE;. Y, St.D. :; 7:; ,

P.H.W.C. -'~ COTTON SPINDLE

FOUND

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SCOFIELD PHOPEHTIE:S, LLC.\~---r'r---- - - - ? DOC. No.200~50 :i2:151 \ "::~J':

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CAB . E::, SLD.

LINE TABLE

NUMBER DIRECTION DISTANCE

L1 N 36'38'08" W 89.91 '

L2 N 36-21 '51" W 90.06'

L3 S 52'18'40" W 199.50'

L4 N 36-30'28" W 101.38'

(L4) N 36"31'04" W 101.32'

(L5) S 38-43' W 141.12'

BEARINGS HEREON BASED ON GRID NORTH

TlD<AS STATE: PLAN£ COORDINA TE SYSTEM

(NAD83)

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/ 6.57 ACRES /

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LEGEND

• 1/2' IRON PIN FOUND (UNLESS OTHERWISE NOTED)

0 11.2" IRON PIN SET w/YELLOW PLASTIC CAP "CS, LTD"

• FENCE POST ~ TXDOT CONCRETE MONUMENT

O.P.R.W.C. OFFICIAL PUBUC RECORDS WIWAMSON CO. O.R.W.C. DEED RECORDS WILLIAMSON CO. O.R.W.C. OFFICIAL RECORDS WILLIAMSON CO. P.R.W.C. PLAT RECORDS WILLIAMSON CO.

200 0 200 400

~C:::g~§:::§~~~I~~~~i Scale: 1" 200'

SHEET

361.:3 Willlams . Drive~ ' 'Suite 903 - Geo,rgetown, Te,xas .78628 . . (512) 930-1600/(512) ,93.0~9389 fax

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3 OF

3

PURCHASE OPTION FOR UNIMPROVED LAND

DATE: August 19,2011

This is 8 purchase option agreement (Agreement) between the Housing Authority of the City of Georgetown, Texas, a Texas municipal housing authQrity e~Optionor")j as owner and selle.tloptionor of the property described hefein~ U.nion State Bank ("Leodef')~ and the Texas Housing Fou.ndatio~ a regional Texas Housing Authority> as optionee of the property described herein (,'Optionee").

UNDER TIlE TERMS of this Agreement~ in exchange for a payment of Ten Thousand Dollars ($1 O.OOO~OO) (the "Option Fee") and other valuable coIlSlderation, Optionee will have an optiOn to purchase frOM Optionor, and Optionor hereby gives and grants unto Optionee; the exclusive and irrevocable right, privilege, and option to purchase) under the conditions hereinafter provided, all of the Optionori s right~ title and. mterest in the following encumbered real property (the ~operty") located in the City of Georgetownt Williamson County, Stare of TexasJ including all impl'cvements., together with all rights, easements and appurtenances thereto, described as:

11.09 +/- acres ()f land Jocated in Georgetown, Texas blOwn as Lots One (1) and Two (2) in Block '~A": Lots One (1) through attd including Seven (7) in Block "B~); and Lots One (1) through and including Nine (9) itt blook .. C~' of GATEWAY NORTHWEST') a subdivision in Williamson County, Texas according to the map or plat thereof recorded in Cabinet G~ Slides 121 .. 122 of the Plat Records of said county (the ';'Property"). The Property is secured by a Deed of Trum recorded under Clerk~s docket No .. 2007068694 of the Official Public Records ofWillian18on County~ Texas (the Deed ofTrusf'), granting a lien on the Property in :favor of Lender.

1. Intended Use. The intended use of the Property is for the development of a tnulti .. family housing community for the benefit of lower income residents of the City of Georgetown (the «J>roposed Deyelopment>~).

2. Purchase Pxice, The total purchase price of the Property is $1>266,000.00 (the ('Purchase PriooU). The Option Fee paid by Optionee to Optionor pursuant 10 this Agreement shall be credited to the Purchase Price of the Property if the option to purohase is exercised. If Optionee voluntarily terminates this option agreement 01' falls to. purchase the Property, Optionee shall have no ownership interest in the Property) and shall have no claim against Optionilr Qr Lender for same. Optionee's obliga.tion to pay the Option Fee is expressly conditioned upon Lender's consent to both tIlls Agreement and to a short sale of the Property to Optionee undet' the terms· of this Agreement. By signing this Agreement, Lender expressly gives its consent to both the option and the short sale, and waives any and all rights that it may have, -or have had, to pursue collection after, the short sale of any defioiency against Optionor (its board of oommissione~

employees or agents) under the Real Estate Note dated August 10. 2007, as amended and/or extel1ded, held by Lender concerning the Property. Lender represents that it has not assigned such rights and is the holder of the note(s) and entitled "to collect the indebtedness owed.

3. Funding.. Optionee bas or will apply to the State of Texas for Housing Tax Credits and to a private lender for construction and permanent financing for the Proposed Developtnent pursuant to Op1ionee~s Cooperation Agreement between the City of Georgetown, Texas and the related City of Georgetown, Texas Resolutiotl No. lI091o..L~ dated November 9~ 2010.

4. Term of Option, Extension. This option period begins when' this Agreement is fully exeouted by the pa:rties~ allo'ws the Optionee to peribnn certain due diligence, and expires on September 301 2012. Optionee 'Will perfonn all necessary ~sts, surveys~ appraisals, studies and zoning requests, at Optionee!! s expens~~ during this period. Copies of docwnentation reflecting the due diligence work shall be provided to Optionor, at Optionee's expense, 8$ part of this option agreement. Prior to the expiration of this Agreement the signatories hereto agree to an extension of this Agreement and Optionor shall be entitled to a separate option extel1$ion fee of $10,000.00 payable by Optionee.

5. Exercise of Option: Closing. Pursuant to 1his option agreement, the sale of the 'Ptoperty to Optionee shall close no tater than September 30, 2012 unl~ss the closing date is extended by written -agreement of all signatories hereto.

6. Survey. Optionee shall be responsible for boundary survey.

7. Title ~ need. The title shall be a good and merchantable title in fee simple, free and clear of all liens and encumbrances except those specifically set forth in this Agreement, if any, or those specifically approved by the Optionee. Optionor, Optionee and Lender agree that any liens or enoumbranoos not herein excepted or assumed may be cleared at closj~ from sales proceeds. If any objectionable exceptioI1S to the title cannot be cleared by the Optionor prior to closing or from sales proceeds" then Optionee shall ha.ve the right to terminate this Agreement The conveyance shall be by general VIal'1'alrty deed. The Optionee will pay for an owner~s title policy in the amount of the purchase prioe to be issued by a title company.

8. Taxes and Assessments. Optionor shall pay all assessments and liens at the time of closing; any delinquent taxes, and all current taxes and assessments will be promted to the date of closing. Taxes shall be computed, if Wldetermined, on the basis of the last available tax. rate and valuation. Optionee will be responsible for any rollback tilXes appli~able to the Property.

9. Entry.. Inspeation and Test of Property. During the term -of this Agreement and any extension hereof, Optionee, or Optionee's representative, shall have the right to enter the Property at any tim~ and shall have the right to make t~sts as to the adaptability Qfthe Property for Optionee's intended use of the Property for the Proposed Development described herein~ including Phase I E11vironmental studies, surveys, preliminary engineering, site planning, soil bearing tests and other necessary inspections and tests. Optionee shall pay all costs aBsociated Vlith tests and studies. Optionee assumes all risks and liability for claims, damages, and\or

injuries arising out of any of its studies, surveys, preliminary engineering, site plannitlgt soil bearing tests:! or any activities involved on or off the Property.

10. " Zmrlogt Optionor agrees to cooperate during the period of this option and any extension thereof with regaId to proposed zoning for the premises mvolved. It is the understanding of the parties hereto that all costs and expenses with tegal'd to any zoning shall be borne entirely by the Optionee. The purchase of the premises herein described is contingent upon adequate zoning for Optionoo1s intended use of the Property for the Proposed DeveJopment described herein.

11, Representauon and W ru:rantv of Seller Regarding Environmental Hazards. To the best of Optionor's knowledge~ no hazardous substances or conditions are 01" have been generated, treated, used, or stored, disposed of or deposited in or otherwise are existing in or on any portion of the Property during Optionee~s p"wnership of the Property. Optionee's purchase of the Property pursuant to this Agreement is "AS IS)1 without warranties or representations by Optionor or Lender to the extent allowed by la.w.

12. Notices. All notices herein provided for shall be in writing and shaH be giveu by personal delivery or by U.S. Mail and shall take effect from the time of personal delivery or the mailing ihereQf, as the case may be.

13. Assignabill1Y. The Optionee may assign this Option, Of, if exercised, any extensions of this option agreement, to a Limited Partnership which will be created to serve as the owner for the Proposed Development.

1h~ tdte.t J.a!4 D~.:fubek:z..LI, PtO',l ~ tJ.r. ::rAy w,.t~, 1E")l~GUh~ ,A'e~ trt.$l~f fh tfN;~rJ ~ B~"'~~ '5 tJ!i(c-It~t ~~ 4~ti t!JCoffJaJ:J AeAe,,~ ~ I~ ~foef' fut:'It- ~ __ ,

NOtICE ADDRESS FOR PURCHASER NOTICE ADDRESS FOR SELLER I

Texas Housing Foundation Housing Authcrity for the City of Georgeto\olJD.

1110 Bl'oadW§Y Street 21 0 West 18th Street

MarbJe Falls. TX 78654 Gool'ge1own. Te:xas 78626

830.693".4521 (phone) 830.693.5128ffux) 512.863.5565 (phone) 512. 869.3475 (fax)

PURCHASER/OPTIONEE SELLER/OPTIONOR

Texas Housing Foundation

Signature

Mark Mayfield, Pres & CEO Name (Print or ~

t. ~a.,l (' Malt

LENDER

Jay Walker Name (Print or Type)

Executive Vice-President/CLO Title

October 25, 2011

Date

t -

October 24s 2011

Ms. Nikki Brennan Exectltive Director Georgetown Housing Authority P.O. Box 60 Georgetown, Texas 78627

RE:. Purchase Option for Unimproved Land

Dear Ms. Brennan:

JayWalker Executive VIce-Preside nt/ClO

P.O. Bo)( 600 Florence, TX 76527

Office (2S4) 793-4464 Fax (254) 793-4062

[email protected] www.usb-tx.com

Union StateBank~s Board of Directors met on Tuesday) October 18~ 2011 and discussed your request at the Board Meeting concerning the counter offer on the purohase option which was made last week.

Pursuant to those discussions the Board of Directors of Union State Bank has authorized me to offer this letter confinning that Union State Bank would execute the purchase option dated August 19, 2011 in the atllount of$1,266)000.00. It is the Board~s understanding that the purchase option waives any and all rights that it may have~ or have had, to pursue collection of any unpaid accrued interest, fees and expenses and agree to hold Goorgetown Housing Authority, its Board, Employees and/or Agents harm1ess under the Real Estate Note dated August 10, 2007 as amended and/or extended should the Optionee exercise its option to purchase the property on or before September 30, 2012.

AdditionallYt should the Optionee not exercise the purchase option, the Board of Union State Bank would accept a deed in lieu of foreclosure and waive any and all rights that it may have, or have had, to pursue collection of any unpaid accrued interest, fees and expenses and agree to hold Georgetown Housing Authority ~ ib! Board, Employees and/or Agents hannless under the Real Estate Note dated August 10. 2007 as amended and/or extended provided there are no encumbrances to the propel'ty other than those noted the Mortgagee Policy of Title Insurance Policy No. 2710143-74444437 dated August 13, 2007.

Should you need any ad<1itional information or have any additional questjons~ please feel free to contact me.



Georgetown, Texas

Tab 5: Threshold Criteria


Documentation evidencing THF Development Company, IIC and IIG Development's experience developing at least 90 units of affordable housing (50% of proposed development).

-Certificates of Occupancy for San Gabriel Crossing (76 units) and Park Ridge Apartments (64 units).

-8609s for The Vistas in Marble Falls (124 units) and TownePark in Kingsland (76 units)

-A letter of reference from PNC Real Estate - to be submitted under separate cover.


Tab 5

VIII. THRESHOLD CRITERIA.

The Corporation's Private Activity Bond Program requires Developers to fulfill or meet all of the following Threshold Criteria, in order for staff to recommend an application for inducement. Each of the following subsections need to be marked in an appropriate manner and will be reviewed against all of the information submitted with the application, including third party documents or reports .

Affordability. The Corporation seeks to provide housing to a mix of eligible households, including low, verylow and extremely-low income persons. Developers who are successful at receiving an allocation of PABs shall agree to the following minimum terms and conditions through a Regulatory Agreement. At a minimum, all Developments will be required to meet the following income and rent restrictions:

1. At least twenty percent (200/0) of the units must have gross rents that are restricted to households with incomes no greater than fifty percent (50%) of the Area Median Income ("AMI"), adjusted for family size, or

2. At least forty percent (40%) of the units in the Development must be affordable to persons and families with incomes at or below sixty percent (60%) of the AMI, adjusted for family size;

3. Gross monthly rent charged on an income restricted unit will not exceed 300/0 of the applicable AMI; and

4. The length of Affordability Requirements shall be maintained for a period of at least 15 years, or as long as the bonds are outstanding, whichever is longer.

Experience Threshold. All Developers must be able to demonstrate sufficient experience in the development, ownership and/or management of affordable housing developments in order to be considered for an allocation. Developers shall submit evidence that they have been involved in the development or ownership of the greater of 75 units or 50% of the total proposed development units.

II Developers must submit behind this page the following documentation as evidence of development expetlence:

1. Certificates of Occupancy for completed Developments;

2. Cost Certifications or IRS Forms 8609 for completed Developments; or

3. A letter of reference from a bond holder, tax credit syndicator or other flnancial partner who has provided funds to completed Developments.

Developers must also provide at least three references that know of or have worked with the Developer on housing Developments.

Name Organization Contact Phone Con tact Email

Cameron Dorsey TDHCA (512) 475-2213 [email protected]

Cameron Alread Architects, Cameron Alread Inc. (817) 332-6231 [email protected]

Judge Donna I<laeger Burnet County (512) 715-5276 [email protected]



Construction Threshold. All Developments must adhere to all construction, energy efficiency, accessibility and site development standards set by the Corporation's most recent RFP, 501(c)(3) bond policies, and the most recent Qualified Allocation Plan adopted by the Governor of Texas for developments involving housing tax credits.

Compliance Threshold. All Developments must adhere to the Corporation's Compliance Policies, which can be viewed on our website at: www.tsahc.org. Applications for Refunding or Restructuring may be required to adopt the Corporation's most recent policies and procedures for Compliance and Asset Oversight. Developers and their affiliates shall also be reviewed for compliance history with the Corporation's and any other state or federal affordable housing program. The Corporation requires the submission of the following compliance information and references in order to research a Developer's compliance history.

Property Name: Park Ridge Apartments City: Llano

Funded By:

(HOME, HTC, Bonds, Etc ... ) HOME,HTC

Compliance Agency:

(HUD, TDHCA, USDA, Etc ... ) TDHCA

Compliance Reference Name: Patricia Murphy

Reference Phone: (512) 475-3140 Reference Email: [email protected]

Property Name: Towne Park City: Fredericks burg

Funded By:

(HOME, HTC, Bonds, Etc . .. ) HTC, Housing Trust Fund

Compliance Agency:


Compliance Reference Name: Patricia Murphy


Property Name: San Gabriel Crossing City: Liberty Hill

Funded By:

(HOME, HTC, Bonds, Etc ... ) Tax Credit Exchange Funds

Compliance Agency:


Compliance Reference Name: Wendy Quackenbush




Resident Services Threshold. The Corporation strives to maintain one of the nation's best resident services programs in properties that are financed by the Corporation. To obtain this goal and better serve low income tenants, Developers shall be required to maintain a sustained resident services program that provides at least six (6) approved services to tenants on a quarterly basis. Developers must ensure a dedicated budget for services, free transportation to services if off-site, and preferably on-site staff to direct services. The six (6) services must be listed in the Corporation's Resident Services Program Guidelines.

Energy Efficiency Threshold. All Developments must adhere to the U.S. Department of Energy's Energy Star program standards, unless otherwise exempted by approval of the Corporation's Board. Developments including either new construction or rehabilitation shall meet these standards. Developers may obtain additional information regarding these standards directly from the Energy Star website: http://www.energystar.govlindex.cfm?c=business.busindex.This threshold must be certified to by the Development architect, consulting engineer, or other third party energy efficiency consultant, prior to closing and based upon a review of the construction specifications or scope of work provided by the Development's general contractor. Additional incentives for Green Building methods and energy efficiency are included as scoring items.

Environmental Review Threshold. Prior to the sale of the obligations, the Developer will be required to conduct a Phase I Environmental Site Assessment. At bond closing, the Developer will be required to provide an environmental indemnity in the form to be provided by Bond Counsel.

Relocation Threshold. All Developments involving the rehabilitation, reconstruction or demolition of existing housing must adhere to the relocation requirements of the 2010 QAP. Developers are encouraged to review these requirements, especially as they may relate to a change in use for commercial or agricultural properties.

Accessibility Threshold. All Developments shall be designed, built and rehabilitated in a manner that is consistent with the accessibility requirements of the most recent QAP. This includes adherence with the Fair Housing Accessibility Standards, Section 504 Accessibility Standards, and §2306.514 of the Texas Government Code. Developers are encouraged to review these guidelines with their architect and/or construction team prior to application submission.

Unit Amenities Threshold. All housing Developments must adhere to the standard unit and Development amenity requirements of the most recent QAP.

Community Support Threshold. Developers are encouraged to collect community input on their Development proposals. Any letter of support or opposition must be provided to the Corporation as they are received. II Developers shall submit with their response to the RFP two (2) of the following documents in order to demonstrate community support for the proposed development:

1. A letter of Support from one or more of the following: Mayor; City Manager; City Administrator; Director of the Local Housing Finance Agency; Director of the Local Public Housing Agency; School District Superintendent; or County Judge, from where the development is located;

2. A resolution of support from the City Council, Local School Board or County Commissioner's Court;

3. A letter of support from an affected neighborhood association; chamber of commerce or tenant council of a Development to be acquired;

4. Evidence that a local government (city or county) entity is providing funding for the development; and/or

5. A letter of support from the State Representative or Senator representing the district in which the proposed development is located.

Updated 11 .14.11 Page 9 of 16

T E x A 5 State Affordable Housing Corporation

Underwriting Threshold. The Corporation generally applies the same underwriting standards as required by the Texas Department of Housing and Community Affairs ("TDHCA"), pursuant to §§1.31 to 1.37 of the Texas Administrative Code, to ensure consistency with the tax credit underwriting process. The Corporation shall receive all third patty reports, including, but not limited to, Property Condition Assessments, Environmental Reports, Market Analysis and Appraisals, that ate required to be submitted to TDHCA. The Corporation shall determine the financial feasibility of Developments using the standards set out in §1.32(d) of the Texas Administrative Code. These standards include the following minimum requirements:

1. All Developments must maintain a minimum Debt Coverage Ratio (''DCR'') of 1.20;

2. The Corporation generally requires an amortization period of not more than 40 years. The Corporation may consider longer amortization schedules for Supportive Housing and extremely lowincome housing developments;

3. The Corporation shall include a reserve of replacement expense of not less than $300 per unit annually. The Corporation may requite a higher reserve amount based on information provided in the Property Condition Assessment (the "PCA");

4. Compliance fees shall be included in the estimate of operating expenses and shall include, at a minimum, the Corporation's Asset Oversight Agent Fee and Compliance Fee, as well as any fees required by TDI-ICA or other financial sources; and

S. The Corporation will include other reasonable and documented expenses, not including depreciation, interest expense, lender or syndicator's asset management fees, or other ongoing partnership fees in its underwriting analysis. Lender or syndicator's asset management fees or other ongoing partnership fees will not be considered in the calculation of debt coverage.

Property Tax Exemption. Developers shall certify that they will, or will not, apply for a property tax exemption or payment in lieu of taxes ("PILOT") agreement to reduce the property taxes due to local taxing entities. If a Developer agrees not to apply for a tax exemption or PILOT agreement, the Corporation shall require a restriction be added to the bond documents that prohibits any future application for exemption. If a Developer states that they will or may apply for a tax exemption or PILOT agreement) the Corporation shall require a notification to the local tax appraisal district and the County Judge where the Development is located that such an exemption or agreement will or may be requested. Developers will also be l'equited to submit confttmation of any exemptions or final agreements to the Corporation.

D Developer agrees not to apply for a tax exemption or PILOT agreement, and shall permit the Corporation to restrict any future applications or agreements; or

r8J Developer wishes to reserve their right to apply for a tax exemption or PILOT agreement, and shall adhere to the Corporation's "equirements for notification to public officials and government entities.

Developers must certify by signing below, that they have read and understand that the proposed Development shall meet or exceed all% f t Co poration's Threshold Criteria. The above criteria will be included in any bond agreements, complian e a ements and the indenture to the bond documents.

~.J t C~ ~ - ~ 10 ,~ By: (print) Signature: Date:

Updated 11.14.11 Page 10 of16

CITY OF LIBERTY HILL CERTIFICATE OF OCCUPANCY

This certificate issued pursuant to the requirements of the International Building Code certifying that at the time of issuance this structure was in compliance with the ordinances of the City of liberty Hill, Texas, regulating building construction

or use for the following:

BUILDING PERMIT NUMBER 08-0258 BUILDING ADDRESS 155 Hillcrest Lane Building # 100 OWNER OF BUILDING LH Texas Housing Foundation L. P. BUILDER Nash Builders STRUCTURE DESCRIPTION Apartments SPECIAL STIPULATIONSI CONDITIONS None

All requirements of TAC 290.46(j) and form 290.47 (d) have been met. Meets State of Texas lead I Water Regulations 2006 INT/ECl Energy Code

This certificate is not transferable.

August 24, 2011

CITY BUilDING OFFICIAL:


This certificate issued pursuant to the requirements of the International Building Code certifying that at the time of issuance this structure was in compliance with the ordinances of the City of Liberty Hill, Texas, regulating building construction



All requirements of TAC 290.46(j) and form 290.47 (d) have been met. Meets State of Texas lead / Water Regulations 2006 INT/ECl Energy Code


CITY OF LIBERTY HILL CER,TIFICATE OF OCCUPANCY

.

!



BUILDING PERMIT NUMBER 08-0258 BUILDING ADDRESS 155 Hillcrest Lane Building # 300

-

OWNER OF BUILDING LH Texas Housing Foundation L. P. BUILDER Nash Builders STRUCTURE DESCRIPTION Apartments SPECIAL STIPULATIONSI CONDITIONS None



August 24, 2011 l I CITY BUILDING OFFICIAL: f1 U I ALI);!:!)(&. C &eYRrJ ),1 os;n; l

l J





All requirements of TAC 290.46(j) and form 290.47 (d) have been met. Meets State of Texas Lead / Water Regulations 2006 INT/ECL Energy Code


August 24, 2011

CITY BUILDING OFFICIAL: 11





All requirements of TAC 290.46(j) and form 290.47 (d) have been met. Meets State of Texas Lead / Water Regulations 2006 INT/ECl Energy Code


August 24, 2011

CITY BUILDING OFFICIAL:

CITY OF LIBERTY HilL CERTIFICATE OF OCCUPANCY

This certificate issued pursuant to the requirements of the International Building Code certifying that at the time of issuance this structure was in compliance w,ith the ordinances of the City of Liberty Hill, Texas, regulating building construction



All requirements of TAC 290.46(j) and form 290.47 (d) have been mete Meets State of Texas Lead I Water Regulations 2006 INT/ECL Energy Code


August 24, 2011 i l / I /

CITY BUILDING OFFICIAL: ~ ~s:x.a.u:: C GUtl {1l~ltJ.Yil'l.:,lc

CITY OF LIBERTY HILL CERTIFI,CATE OF OCCUPANCY



BUILDING PERMIT NUMBER 08-0258 BUILDING ADDRESS 155 Hillcrest Lane Bui lding # 700 OWNER OF BUILDING LH Texas Housing Foundation L. P. BUILDER Nash Builders STRUCTURE DESCRIPTION Apartments SPECIAL STIPULATIONSI CONDITIONS None

All requirements of TAC 290.46(j) and form 290.47 (d) have been met. Meets State of Texas Lead / Water Regulations 2006 INT/ECl Energy Code


August 24, 2011 t! ~ CITY BUILDING OFFICIAL: ;1 ~ , -( J¢<:{:;(7t!c/'

J

CITY OF LIBERTY HILL CERTIFICATE OF OCCWPANCY



BUILDING PERMIT NUMBER 08-0258 BUILDING ADDRESS 155 Hillcrest Lane Building # 800 OWNER OF BUILDING LH Texas Housing Foundation L. P. BUILDER Nash Builders STRUCTURE DESCRIPTION ". Apartments SPECIAL STIPULATIONSI CONDITIONS None

All requirements of TAC 290.46U) and form 290.47 (d) have been met. Meets State of Texas lead I Water Regulations 2006 INT/ECl Energy Code


August 24, 2011 /iJ CITY BUILDING OFFICIAL:!I(;..i, 1 Ai<{VIdlC. k (j,efl tel / llaril'Li Ie

7

CITY OF LIBERTY HilL CERTIFICATE OF OCCUPANCY

This certificate issued pursuant to the requirements of the International Building Code certifying that at the time of issuance this structure was in compliance with the ordinances of the City of Liberty Hill, Texas, regulating building: construction


BUILDING PERMIT NUMBER 08-0258 BUILDING ADDRESS 155 Hillcrest Lane Building # 900 OWNER OF BUILDING LH Texas Housing Foundation L. P. BUILDER Nash Builders STRUCTURE DESCRIPTION Apartments

. SPECIAL STIPULATIONSI CONDITIONS None

All requirements of TAC 290.4S(j) and form 290.47 (d) have been met. Meets State of Texas Lead I Water Regulations 200S tNT/ECL Energy Code


August 24, 2011 2 I Jk fJ. d CITY BUILDING OFFICIAL: I. 7 %11-- 1 _ 'PlJJ:::. _ aer~ /1 ~;I rt

I

-


This certificate issued pursuant to the requirements of the International Building Code certifying that at the time of issuance this structure was in compliance with 'the ordinances of the City of liberty Hill, Texas, regulating building construction



All requ'irements of TAC 290.46(j) and form 290.47 (d) have been met. Meets State of Texas Lead / Water Regulations 2006 INT/ECl Energy Code


August 24, 2011

CITY BUILDING OFFICIAL: (J lid &aS5!N r!d::. Cera?! LJ Ian; ,I

l




BUILDING PERMIT NUMBER 08-0258 BUILDING ADDRESS 155 Hillcrest Lane Building # 1100 OWNER OF BUILDING LH Texas Housing Foundation L. P. BUILDER Nash Builders STRUCTURE DESCRIPTION Apartments ~

SPECIAL STIPULATIONS! CONDITIONS None

.lX1I requirements of TAC 290.46(j) and form 290.47 (d) have been met. Meets State of Texas lead / Water Regulations 2006 INT/ECl Energy Code


August 24, 2011 I 7 d j)

CITY BUILDING OFFICIAL: / } /~ 1 1 JQi<?IlL Cv uel ~tllr~"'tll. · J


f



BUILDING PERMIT NUMBER 08-0258 BUILDING ADDRESS 155 Hillcrest Lane Cabana Bldg. OWNER OF BUILDING LH Texas Housing Foundation L. P. BUILDER Nash Builders STRUCTURE DESCRIPTION Apartments SPECIAL STIPULATIONS! CONDITIONS None



August 24, 2011

CITY BUilDING OFFICIAL:

C!rrrtifirutr of OOrrupuury City of Llano

ilepnrtment nf iJuilbtng lfnnprrttnn l

This Certificate issued pU1J.J:ard to the requirem.ents of the Standard Building Corie certifying that

at the time oj issuance this Jtructure was in compliance with the various ordinances of the

Jurisdiction regulating building construction or use. For the following:

tiS\: (Iassineation __ Glo4.J,JoR _____________ Bldg. Permit No. 10-1 4

Group R2 Typc:ComtruCclon Res, Fir~ Olstrkl _ .... n~/ ..... allo--__ - ___ _

O"'J1crofBuildin& Park Rj dge LTD

rJ))';'~' 100 Legend Hills

~ .... ddres$ 100 Legend Hjlls Blvd

l.ocallty City of Llano By; Randa 1 Fa rnsworth

Dat~ ; June 8 r 2011

<trrr.tiftrntr of (@rrupanry City of Llano

Ilrpnrtmrut of 11autlning 1JuBprrtton L

This Certificate issued pu.rsuara to the reqw'remen ts oj the Standard Building Code certifying that ..... at the time of issuance th£s structure was in compUance with the various ordinances of the

jurisd£cti012 rtgulatin.g huilding construction or use. For the following:

115CCl1S5i.!lcation __ G!W.LlR _____________ Bldg. PcrmltNc. 10-1 4

Group--,R~2 ___ TI'~ Con$tFlJCI ~Cn Re s • fire Oistrict _..Lln""/...Ioa _________ _

OwnerofBuildit18 Park Rid"e LTD rJ:lJ::':; 00 agend Hi 11 s

Su~ldil\g Olfu:ial

"dd~$~ 1 00 T.egend Hj 1 1 s Bl vd.

l..ocaltty City of Llano By : Randa 1 Fa rn swe rt b

l)alc ; June 8 t 2011

C!trrttftratr of (@rrupuury City of Llano

1!Jrpnrimput of 1Guilbtng ]u.aptrtion !

This Certificate issued pU"!t.;ant to the requirements oj the Standard BtJilding Carie ~ertijying that

at the time oj issuance this structure was in compliance with the var£ous ordinances of the

Jurisdiction regulating bu£lding cons~ruction or use. For the following:

lIsc:CI:lssification_~G~R _____________ Bld&. Permit No. 10-14

Group_R=2_~_Ty~C~)Ostruchcn Res. Fil'\: Dislrkt _ ... n..,../ .... a~ _______ _

Owncro{:Building Park R j dge LTD

~~Legend Hills

Building Official

Addres~ 1 00 T,egen d Hi 1 1 s Bl vd •

locality Ci ty of Llano

By: Randa 1 Fa rn swortb

Da.b;: June 8, 2011

C!trrliftralr of (@rrupnnry City of Llano

mrtynrtmrnt of 1autlbtug 1Jn.aprdiou L

This Certificate issued pu.'lt..!:.ant to the requz"nmzents of the Standard Building Code certifying that

at the time of issuance this structure was £n compliance with the var£ous ordinances of the

Jurisdiction regulating building construction or u.se. For the following:

tl~ CI~si1icatiotl_...-:GIo.Z,.I.l.R _____________ B'dg. Permit ND. J 0- 1 4

Group R2 TYflc:Cocutruct1on Res, Fin: Dislrict _ ..... n~/...ioa ________ _

OWll(rofBuilding Park Ri dge LTD

~~~egend Hi11s

Building Olficid

Addr~~' ] 00 Legend Hi J J s Bl v d •

Lcclhty City of Llano

By : Randal Fa rnsYortb

D~c;June 8, 2011

Q!:erttfirntr of @rrupnnry City of Llano

1lJrpnrltnettt of Iautlutng 1JttBprrtinn /.

This Certificate issued pU'!Eant to the reqw'rements of the Standard Building Code certifying that

at tht time of issuance this structure was 'in compliance with the various ord£nances of the

Jurisdiction regulating building construction or U$e. For the following:

We Clusific:aticn _--..;Gw"..IoJoR _____________ B1dS. Permit No. 1 0 -14

Group,_R=2 ___ TypcConstructton Res. fire !.)iuri<;{ _.......,n~/ ...... a6--_______ _

OwnCfcfBuilding Park Rj dge LTD

TI'/''''' 100 Legend Hills

f!:t!!4-LQ: Suildiog Official

Addrm 100 T.egend Hi" S BJ vd

Locidt!:)' City Qf Llano

By: Randal Farnsworth

Date: June 8, 2011

<1rrrttftratr of @rrupttnrg City of Llano

mrpartmrnt nf 1Builuing ]ttBprrtiott

This Cmijicate issued pursuan~ tD the requ.irements of the Standard Building Code certifying that -~ -

at the time of issuance this structure was £11. compliance with. the various ordz'nances oj the


{h"Clwinc:ation_-.:GIoooLR _______________ 81dg. P~rm'tNo. 1 D-l 4

G,oup--'R==2 __ ~TypeCon~ructlon Res. FiI"t:" Dislri(;t _ ...... n~/ ...... a __ - ___ ~ __ _

Owncrof:Suildin~ Park Ridge T.TD

171""" 100 Legend Hills

ML '- 9 . UUildin.g Official

Addrtu 1 00 I,egen d Hj J 1 S Bl yd

Lcx:allty City of Llano By: Randa] Fa rnswortb

i.)1I.t<;: Jyne 8, 2Q11

QIrrtifirntr of Q!)rrupnury City of Llano

irpnrtmpnt Df ~uilottl!J lfnsprdion i

This Certificate issued pU,!Han't to the requirements of the Standard Blfild£11g Code certifying that

at the time oj issuance this structure was in complia.nce with the various ordinances oj the

Jurisdiction regu.lating building construction or use. For the following:

UM: Cla$$jfi~tion __ G:...I",oUoR _____________ Bldg. Permit Nc, 10-14

Grollp_R=2 ___ TyflC Conmvctton Res, Fin: Di~lrict _ .... n~/-"a ________ _

OwtlccofBuilding Park Ridge LTD

"!2l-BU.dill Addreu 100 Legend Hills

_---G .. Building OffidzJ

Addrm 100 Legend Hi 1 , S Bl vd

lAcahty City Qf Llano

By : Randa 1 Fa rnsworth

Datt: June 8, 2011

QIrrtifirntr of (@rrupaury City of Llano

irpnrtmrnt of 1Huilotng lhtBprrttnn t

This Certificate i.!su~d pur;..~anl to the requirements of the Standard B~ilding Code certifying that

at the time of issuance this structure was in compliance with the various ordz'nances of the

Jurisdiction regulating building construction or u.st. FOT the jollow£ng:

tlsc Classification __ G~R ___________ ~_Bjc!g. P~rmit No, 1 0- 1 4

Group R2 Type! COl1stru(tlon Res, Fil\~ Dislrict _ ..... n....,..l ..... a _________ _

OwnerofBuildinLt Park Ridge LTD

SulldingAddress 100 Legend Hills

W~

hdd~S5 J 00 Legend Hj 1 , S Bl vd

Uxahty City of Llano

By: Randa 1 Fa rnsRorth

Dah: : June B, 2011

Q!rrttftrtttr of (@rrupttnry City of Llano

i.rpartmPttt of 1BuillJing 3Jul1prrttnn t

This Certificate issued pUTl1!:ant ttJ the requirm/,ents of the Standard Bu.ilding Cock certifying that

at the time oj issuance this structure was in compliance with th, various ordinances of the

Jurisdiction regulating building construction or uS!. For the following:

llscClwificition __ G!I.J....I..lR ________________ Bldg. Permit No. 10-' 4

Group R2

Ownr:r of Buildins

Type Construction Re s. Fil'c !)j~lri!:t _-4'n~/...loa,,-· ________ _

I.TD Addre:» 1 00 Legend Hi" s B'vd

Hi 11 s 1.ccahty _C,..,.".i ..... t~y--"Q ..... f-..... .... L ... l ..... a .... nIC->Q-----By: Randa 1 Fa rnsworth

Date; J un e 8, 2 0 11

Q!rrtiftratr of (@rrupanry City of Llano

mrpartntrnt nf 1Builhiug 1Jn.aprrtimt L

Th.is Certificate issued pU1"f.7.:anc to the requirements of the Standard Blfilding Code certifying that

at the time of issuance tMs structure was t'n compliance w~'th the oarious ordinances of the

Jurisdiction regula.ting building construction or us~. For the folLow~'ng:

tIsc Cb$Sl~c~tiQn __ G~R _________ ~ ___ Bld8. Permit No. 10- J 4

Group R2 Type Constructlcn Res. Fin: Dt~ui~t _ .... n~/ ....... a _________ _

OwnerofBui(c!ing Park Rjdge I.TD

~~dd"" 100 Legend Hills

W4-'- a Su.i1ding Official

Address 1 00 T,egend Hi] 1 S BJ vd .

I.otJhty Ci ty of Llano

By; Randa 1 Fa rnsNortb

L:latc : June 8, 2011

Q!rr,tifiratr of (@rrupaury City of Llano

iBtpnrtmrttt of Iautlbing 1Juaprrtimt I.

This Certificate issued pUTl~an't to the requiremen ts oj t}u Standard Build£ng Code certifying that

at the time of issuance this structure was in compliance with the various ordinances of the


BLDG. 1100 1IseCliSsi.6'ation __ G-......R _________ ~ __ ~Bjd&. PerffiltNo. 10-14

Gl'Qup_R~2 ___ TypcCOr1srructlOn Res , Fir~ OiSlrict _~nL,l./~a"'--_______ _

O~~~B~d~ Park Ridge LTD . din Address 100 Legend Hi lIs

~,

.... dd~s~ 100 T.egend Hi 1 , S B1 vd •

I..ocailty Ci ty of Llano

By: Ra nda , Fa rnsworth

j)at~: July 7, 2011

(ttrrtifirntr of (@rrupnnry City of Llano

i3r.partmrnt of iNutl~tng lhtsprrtton t

This Certificate usued plJ.r!.~ant to the r~quiremmts of the Standard Building Code certifying that

at the time of issuance this structure was in complia1'lc!J w~'th the uarious ordinances oj the

Jun'sdictian regu.lating building construction or uSt. For the foUowing:

[I~ Cbu~/T.I:.tion __ Gl...z.llR ___ ~ _________ Bldg. Fer:nor No. 10- J 4

Group---"R=2 ___ TrP'C Constr.J(toot'l Res • .F~n: r)iltr:ct _"""u!o.'/..J:jaiL--_______ _

Add.rt~~ J 00 I,egend Hi 1 1 s Bl vd

Locahty Ci ty of LlanQ

ay; Banda J Fa rnsworth

l)1tI:: June 1 1, 2011

QItrttfiratt of (@rrupanry City of Llano

irpnrtmrut of iuUuing lfusprrttDU

I. This Certificate issued pU1!.~ant to the requirements oj the Standard Bu. ilding Code ,"tifying that

at the time of issuan" this structure was in compliance wieh the various ordinances of the

Jur£rdiction regulating building construct£on or use. For th.e following:

BLDG. 1300 tbe (J~sstfication __ ~G..I.lB_~ ___________ Bldg. Prrmtt No. 1 0- 1 4

Group R 2 Type CllomuctlOn Res.

O ... nc:rofBuilding Park Ridge LTD

B'i1di.gAdd,~nd Hills

UI .. ,J.."O'"''''

Fin: Di~lriCL _ ... nlo.l-i ..... aL--_______ _

Addlt'» 1 00 Legen d Hj J J S Bl vd locality Ci ty of Llano

By; Randal Farnsworth

l);a.tt; July 7, 2011

Qlrrttftrutr of (@rrupnnry City of Llano

j3ppurtmrnt of ~ut1oing ]uEprrtinu

1 This Certificate issued pu.r!.~7!t to tAe requiTemmts of the Standard BuildiTlg Cock certifying that

at the time of issu.anu this structure was ~'n. compliance with th~ uar£ous ordinances of the

Jurisdiction regulating building construction or US!. For the follow£ng:

tlse Cl1uifintion _----!G~R.tl...-___________ ~!ldg- Permtf NQ. 10-1 4

Group R2 TypeCoPStro.l(ttoo Res. Fin.: [)i~l.icl _.J..JoI...L1..s;ai....-_______ _

Owner of Building Park Rid g e LTD

Building Addreu 100 Legend Hills

t41';;;;dJ i\ddrm ] 00 T,egend Hi J , S B1 vd

t.oca!lty Ci ty Qf Ll ano By: Rj3ndal Fj3rnsworth

l)~tc; June 11, 2011

QIrrtiftrntr of (@rrupunry City of Llano

ilrpartmrnt nf 1Btrtlotng 1Jtu1pl'dton l BLDG. 1500

This Certificate issued pU1J.lf:ant to the requ£remmts of the Standard Bu ilding Code certifying that

at t}u t£me of issuance this structure was in compliance with the various ordinances oj the

jurisdict£on regulating building construction or use. For the following:

{JIiCClassification_--..,;Gw.u.R_~ ________ ~ __ Bldg. PermIt No. 10-14

Group_R=2 ___ TypcConstructIQQ Res. Firt: Dj$lrh;l_ ... n~/~a,,---_______ _

Ownc::tofBuilding Park Ridge

07)~Lt:jgend

Built:lillgOffiC'lai

LTD

Hills AddT~S!> 1 00 Legend Hi 11 S BJ vd

Locality City of Llano By; Randa] Fa rnswartb

l)iltC : July 7, 2011

QIrrttfirntr of (@rrupnnry City of Llano

mrpartmpnt nf iQuillJing lJuBprrtiou BLpG. 1600

This Certificate issued pUr.!!Zant to the requirerrumts of the Standard Building Code certify1'n.g that

at the time of issuance this structure was ill compliance with th~ lJar£ous ordinances oj tM

Ju.risdiction regulating huild£ng construction or use. For the following:

the c:las$ilication GR Bld!!_ Ptrmlt No. I Q- J 4

GtllUP R2 Type ConstructIon Res, .fin: Dj~\rk( _-4HO"""'/ ..... a""'--_______ _ OwncrClfB~Udir,g Park R j age LTD

!7't'" 100 L~lld Hills

IJM!-~ 4 Suihiing Official

Adclre5~ 100 Legend Hj 1 1 S B' "d Loc:ah~ City of Llano

Sy: Randa 1 Fa rnsworth

Date:: July 7, 2011

QItrtifira.tr of OOrrupa.nry City of Llano

11lppnrtmrut nf 1!iuili1ing ]nnprrtion i Maint. & Laundry

This Certificate issued pU'l;:ant to the requirements of the SttJ.ndard Bu£ldz'ng Code cmifyz'ng that

at th.e time of issuance this structure was in compliance with the various ord£nances of the

jurisdiction regulating building construction or use. For the following:

tlse C'Ja5Silicaticn _--.....;G~R _____________ Bldg. Pet/nil No. 10- I 4

Gtoup----'R=2 ___ Type Constr1Jctlon---,,~"'-S.._Fir~ Di$trict _...6Jn~/-"a,",--_______ _

OwncrcfBuHding ____ ...iJIoo-~_~"'"'-"' ......... """'---Add(c~~ 1 00 T.egenO Hi J 1 s Bl vd

...........;~o¥_~~=~=~=-=-_Locllrty City Qf Llano By: Randal Farnsworth

I)att: July 7, 20,11

<ltrrtifirutr of OOrrupnnry City of Llano

mppartmpnt nf i1uilbing 1fnBprrttnn L Community Building

This Certificate issued pu~~ant to the requirements of the Standard Bu.ilding Code certifying that

at the time of issuan&~ thz's structure was in compliance with the various ordinances oj the

jurisdiction regu.lating building construction or u..re. For the following:

lJ5CClassiJication __ G~R ___________ ~_Bldg. PermirNo. 10- J 4

Group_R=2 ___ Type Construction __ ~""'-Z-_Firc District _ .... D~/-.loaA.-_______ _

O~(lllrofBllilrJtng-Jo"",_..l.lio.-....iPJ,..,oi~~_~,---_Addrcu J 00 Legend Hj 11 S Bl Vd

......... :;,..,;a::;::;.....;:lOT=-=:...,;;L.;:= ___ .:..:..=~:..=.._l.oatlty City Qf Ll an 0

By: Randa J Fa rnsworth

l)at,," July 7, 2011

TEXAS DEPARThfENT OF HOUSING AND CO:MMUNI1Y AFFAIRS

December 6,2006

. Mark Mayfield Marble Falls Vistas Apartments, L.P. 1110 Broadway Marble Falls, TX 78654 By Facsimile Transmission: (830) 693-5128

RE: IRS Forms 8609 for The Vistas Apartments, (#04410)

Dear Mr. Mayfield:

RICK PERRY

Governor

BOARD MEMBERS

Elizabeth Anderson, Chair Shadrick Bogany C. Kent Conine Sonny Flores Gloria Ray Norberto Salinas

MICHAEL GERBER

E:cecutive Director

Find enclosed the fully executed 8609s for the above referenced development reflecting an annual tax credit allocation of$371,537. 'The original executed 8609s will follow via regUlar mail this afternoon and a copy of the originals will remain with the Department and filed directly with the IRS. Should you have any questions, please call me at 512/475-1676.

Sincerely,

Raquel M es Cost Certification Specialist

cc: Lucille Jones By Facsimile: (830) 257"3168

221 East 11th - P.O. Box 13941 - Austin, Texas 78711-3941 - (800) 525-0657 - (512) 475-3800

Form 8609 (Rev. December 2005)

Department of the Treasury Internal Revenue Service

Low .. lncome Housing Credit Allocation

and Certification OMS No. 1545-0988

Allocation of Credit. Caution: Use for allocations made in 2005 and later or. In the case of buildings financed with tax-exempt bonds, bonds issued or buildings placed in service in 2005 or later.

Check if: 0 Addition to Qualified Basis 0 Amended Form A Address of building (do not use P.O. box)(see instructions) B Name and address of housing credit agency

The Vistas Apartments Building: 1 (1 of 16) Texas Department of Housing And Community Affairs 1700 Mustang Drive P.O. Box 13941

Marble Falls, Texas 78654 File # 04410 Austin, Texas 78711-3941 C Name, address, and TIN of building owner receIving allocation

Marble Falls Vistas Apartments, L.P. 1110 Broadway Marble FaUs, Texas 78654

TIN ~ 20-0847719

D Employer identification number of agency

74-2610542 E BUilding Identification number (BJN)

TX- 04-41001

1 a Date of Allocation ~ _______ : ______ b Maximum housing credit dollar amount allowable

2 Maximum applicable credit percentage allowable .

3a Maximum qualified basis . . .

b Check here ~ if the eligib!e basis used in the computation of line 3a was increased under the high-cost area provisions of section 42(d)(5)(C). Enter the percentage of which the eligible basis was increased (see instructions) .

4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter -0-) 5 Date building placed in service ~ 7/1212005 ... _- .. ---------

1b 18,824

2 3.41%

3a 552,023

"._. 3b 130%

4 66.51% I ;,~,<r,' , . -. ;"

'" . ,i .

. ,

6 Check the boxes that descnbes the allocatIon for the bUIlding (check those that apply): a 0 Newly constructed and federally subsidized b D Newly constructed and not federally subsidized c D Existing Building d D Sec. 42(e) rehabilitation expenditures federally subsidized eO Sec. 42(e) rehabilitation expenditures not federally subsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) 9 0 Allocation subject to nonprofit set-aside under sec. 42(h)(5)

Signature of Authorized Housing Credit Agency Official-Completed by Housing Credit Agency Only

Under the penalty of pe~ury, I declare that the allocation made is in compliance with the reqUirements of section 42 of the Internal Revenue Code, and that I ha amined this form and to the best of my knowledge and belief, the information is true, correct, and complete.

, _~ _ .... ______ . ____ ... ______ . ____ .... ______ . ______ ~ __ ~~:~~~~ _~~~~:.r~ _~~~~.~t~~~_~~~~~~~~. ____ ••• _____ ••• · ••• ~ •• 1 'b~ _~. ::Q~_ ... __ Signature of Authorized Official Name (please type or print) Date

First-Year Certification-Completed by Building Owners with r~spect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . . . . . . . . . . . . . . . . . . . . . . 1---:7_+--_____ _ Sa Original qualIfied basis of the building at close of first year of credit period . . . . . . . . . . .

b Are you treating this building as part of a ' multiple building project for purposes of section 42 (see

instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 0 Yes 0 No 9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(B)? . .. 0 Yes B No

b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units(section 42(d)(3))? 0 Yes No 1 0 Check the appropriate box for each election:

Caution: Once made, the following elections are irrevocable. DYes 0 No a Elect to begin credit period the first year after the building is placed in service (section 42(f){1)) b Elect not to treat large partnership as taxpayer (section 420)(5») 0 Yes c Elect minimum set-aside requirement (section 42(g))(see instructions) 0 20-50 040-60 025-60 (N.Y.C. only)

d Elect d~ep-r nt-skewed project (s~ction 142(d)(4)(8))(see instructions) 0 15-40

Under pen 'tie of p jury, I declare that the above building continues to qualify as a part of a qualified low-income housing project and meets the requirem ts f Intern I venue Code section 42. I have examined this form and attachments, and to the best of my knowledge and belief, they

'; tru~~. ~:~ •• t ~~: •••• ~~~~~ ••••••••••••••••••• _ •••• ~ ••••••••••••• ~~ __ ~~: ~:~~ •••••••••••••••••••••••••••••• ~ ••• A~)~~ .......... . Marble Falls Vistas Apartments, L.P.

~ By: THF Housing Opportunity Corporation . -, Its General Partner

Nama (pltlase tYPI:l or print)

Taxpayer identlfication number

Tax year

For Privacy Act and PapelWork Reduction Act Notice, see instructions. Cat. No. 63981 U

Dale

Form 8609 (Rev. 12-2005)



Low-Income Housing Credit Allocation

and Certification OMB No. 1545-0988

Allocation of Credit. Caution: Use for allocations made in 2005 and laler or, in the case of bUildings financed with lax-exempt bonds, bonds issued or build;ngs placed in seNiee in 2005 or later.

Amended Form _Check If. D Addition to Qualified Basis 0 A Address of building (do not use P.O. box)(see instructions) B Name and address of hOUSing credit agency The Vistas Apartments Building: 1700 Mustang Drive

2 (2 of 16) Texas Department of Housing And. Community Affairs P.O. Box 13941

Marble Falls, Texas 78654 File #

C Name. address, and TIN of building owner receiving allocation

Marble Falls Vistas Apartments, L.P. 1110 Broadway Marble Falls, Texas 78654

TIN" 20.0847719

04410 Austin, Texas 78711-3941 o Employer identification number of agency

74·2610542 E Building Identification number (BIN)

TX· 04-41002

1 a Date of Allocation ~ _______ : ______ b Maximum housing credit dollar amount allowable


3a Maximum qualified basis . . . .' b Check here ~ if the eligible basis used in the computation of line 3a was increased under

the high-cost area provisions of section 42(d)(5)(C). Enter the percentage of which the eligible basis was increased (see instructions) .

4 Percentage of the aggregate basis financed by tax·exempt bonds (If zero, enter -0-) 5 Date building placed in service ,. ~ 7/1212005

1b 29,156

2 3.41%

3a 855,015

I·· -n: I:>' .:;,:

3b 130%

4 66.51% , , ~~. ~.: '~,' . " , :~i:<" , ';· ; .' .

6 Check the boxes that describes the allocation for the bUilding (check those that apply)~---"-------a 0 Newly constructed and federally subsidized b 0 Newly constructed and not federally subsidized cD Existing Building dO Sec. 42(e) rehabilitation expenditures federally subsidized e D Sec. 42(e) rehabilitation expenditures not federally subsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) 9 0 Allocation subject to nonprofit set·aside under sec. 42(h)(5)


Under the penalty of perjury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code, arid that I h e examined this form and to t best of my knowledge and belief, the Information is true, correct. and complete .

.. :1

.• ~~ _______ • __ • _ _ _ ___ ••• _____ •• __ ••• _______ • __ ._~._~~~~~~~.~~~~_~r~.:~~~_~t!~~_~!~~~~~~ _. __ ••• ___ •••••• ___ t ... l ~~:; .9_S?_ . __ . Signature 0 uthorized Official Name (please type or print) Date

First-Year Certification-Completed by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . - . . . . . . . . . . . . . . . . . . . . 7 8a Original qualified basis of the building at close of first year of credit period . . . . . . . . . 1--:=,--1--------

b Are you treating this building as part of a multiple building project for purposes of section 42 (see

instructions)? . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . 0 Yes 0 No 9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(B}? . . Byes 0 No

b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units(section 42(d)(3)? Yes 0 No 10 Check the appropriate box for each election:

Caution: Once made, the (oJ/owing elections are irrevocable. a Elect to begin credit period the first year after the building is placed in service (section 42{f)(1»)

b Elect not to treat large partnership as taxpayer (section 420)(5» c Elect minimum set·aside requirement (section 42(9»)(see instructions)

d Elect e rent-skeweq project (section 142(d)(4)(8»)(see instructions) 020-50 040-60

DYes DNo

DYes

B 25-60 (N.Y.C. only) 15-40

Under pe ltie f perjury, I declare that the above building continues to qualify as a part of a qualified Jow-income housing project and meets the require ts f I ernal Revenue Code section 42. I have examined this form and attachments. and to the best of my knowfedge and belief, they

~;. t~ _:~ _~_ _~o_~~~~~e~ ________________________ ~ __ •• _ ••• _ ••••••• ~~~~.~:::.:~. __ •• __ •• ____________ • _____ • ~._ +1:_ .. _ .. __ . ____ _ Marble Falls Vistas Apartments, L.P. Taxpayer identification number Date

~ By: THF Housing Opportunity Corporation ~ '.-. Its General Partner ----.---- ..• -------- •• --- •• -------.- .• --.- ••• -- •• -.••• --- ••.

Name (piea~e type or print) Tax year

For Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 63981U Form 8609 (Rev. 12-2005)



Low-Income H~using Credit AIIQcation and Certification

OMB No. 1545-0988

Allocation of Credit. Caution: Use for aJlocations made in 2005 and later or, in the case of bui/dings financed with lax-exempt bonds, bonds issued or buildings placed in service in 2005 or later.

Check if: 0 Addition to Qualified Basis 0 Amended Form A Address of bufrcnng (do not use P.O. box)(see instructions) B Name and address of housing credit agency

The Vistas Apartments Building: 3 (3 of 16) Texas Department of Housing And Community Affairs 1700 Mustang Drive P.O. Box 13941 Marble Falls, Texas 78654 File # 04410 Austin, Texas 78711-3941 C Name, address, and TIN of buildIng owner receiving allocation


TIN ~ 20-0847719

o Employer identification number of agency

74-2610542 E Building identification number (BIN)

TX- 04-41003

1 a Date of Allocation ~ .~w_W_": ______ b Maximum housing credit dollar amount allowable



b Check here ~ if the eligible basis used In the computation of line 3a was increased under the high-cost area provisions of ~ection 42(d)(5)(C). Enter the percentage of which the eligible

basis was increased (see instructions)

4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter -0-) 5 Date building placed in service ~ 7/12{2005

1_ ...... ___ .... ____ _

1b 29,156

2 3.41%

3a 855,015

I \~~~j!~ 3b 130%

4 66.51% :: .... </ .. :~' ' / ''', ::

6 Check the boxes that descnbes the allocation for the bUIlding (check those that apply): a 0 Newly constructed and federally subsidized b D Newly constructed and not federally subsidized cOEXiSting Building dO Sec. 42(e) rehabilitation expenditures federally subsidized eO Sec. 42(e) rehabilitation expenditures not federally subsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) 9 0 Allocation subject to nonprofit set-aside under sec. 42(h)(5)


Under the penalty of perjury, I declare that the allocation made Is in compliance with the requirements of section 42 of the Internal Revenue Code, and that I ha examined this fo to the best of my knowledge and belief, the information is true, correct, and complete.

.~

~ Michael Gerber, Executive Director ~ (n "ro.-O~ ..... - .. ___ M • __ ............ _ ..... _ .......... ,. ........ _ ........ _ ................ _ ........ ~ ......... C: ....... "" _ .... _ ...... .

Name (please type or print) Dale

First-Year Certification-Completed by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . . . . . . . . . . . . . . . . . . . . . . 7

~~~-----------Sa Original qualified basis of the building at close of first year of credit period . . . . . . . . . . . b Are you treating this building as part of a multiple building project for purposes of section 42 (see

instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under'section 42{i)(2)(S)? . . .

b Do you elect to reduce eligible basis by disproportionate. costs of non-low-income units(section 42(d)(3»? 10 Check the appropriate box for each election:

CautIon: Once made, the following elections are irrevocable. a Elect to begin credit period the first year after the building is plac~d in service (section 42(1)(1» b Elect not to treat large partnership as taxpayer (section 42Q)(5)) c Elect minimum set-asIde requirement (section 42(9»(see instructions) D 20-50 040-60 d Elect eep- ent-skewedproject (section 142(d)(4)(8»(see instructions)

DYes DNo DYes DNo Dyes ONo

Dyes DNo

DYes

B 25-60 (N,Y.C. only) 15-40

Under pen lties perjury, I declare that the above building continues to qualify as a part of a qualified low-income housing project and meets the requireme ts oint nal Revenue Code section 42. I have examined this form and attachments, and to the best of my knowledge and belief, they

are true, orre t and mplete. 20 0847719 } ) ~ ~ - ~ '2.5'Q} .. ,.--_ .... --------_ .. --- .. ---."--... ---_.,,. __ .................. -_ ... ... __ .......... _-_."' ... ----_ ......... ", .. _ ....... --_. __ .... _.

Marble Falls Vistas Apartments, L.P. ~ By: TIIF Housing Opportunity Corporation

. - _. Its General Partner

Taxpayer identification number Date

~ ~ .. -.... -... --- ..... ---- .. -.. -.--.---.-.- ....... -- .. -.. -,,---------_ .

Name (please type or print ) _ ... __________ ...;.T...;.3x;.:.y_eS_r ________ -=-::'::'":' ______ _


Form 8609 (Rev. December 20D5)

Department of the Treasury Inlernal Revenue Service

Low-Income Housing Credit Allocation and Certification OMB No. 154S.Q98a

Allocation of Credit. Caution: Use for allocations made in 2005 and Jater or, in the case of buildings financed with tax-exempt bonds, bonds issu,ed or buildings placed in service in 2005 or later.

Ch k'f 0 0 ec I; Addition to Qualified Basis Amended Form A Address of building (do not use P.O. box)(see Instructions) 8 Name and address of housing credit agency The Vistas Apartments Building: 4 (4 of 16) Texas Department of Housing And Community Affairs 1700 Mustang Drive P.O. Box 13941 Marble Falls, Texas 78654 Ffle# 04410 Austin, Texas 78711-3941 C Name, address, and TIN of building owner receiving a!iocation o Employer identification number of agency Marble Falls Vistas Apartments, L.P. 74-2610542 1110 Broadway E BUilding identification number (BIN) Marble Falls, Texas · 78654

TJN~ 20-0847719 TX- 04-41004

1a Date of Atlocation ~ ---------_ .. _- ... -b Maximum housing credit dollar amount allowable 1b 29,327

2 Maximum applicable credit percentage allowable . .. 2 3.43%

3a Maximum qualified basis . .. 3a 855,015 b Check here ~ if the eligible basis used in the computation of line 3a was increased under " fi:~ ~;.;',:

the high-cost area provisIons of section 42(d)(5)(C). Enter the percentage of which the eligible I ::-i~\~ basis was increased (see instructions) . 3b 130%

4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter -0-) 4 66.51% 5 Date building placed in service ~ 6/21/2005 .;il '·· ~ '" .. .' . ,:: ,. 1'. i · ~ .':{ t ____________ .. ',.' 6 Check the boxes that deSCribes the allocation for the bUilding (check those that apply):

a 0 Newly constructed and federally SUbsidized b 0 Newly constructed and not federally subsidized cOExisting Building

dO Sec. 42(e} rehabilitation expenditures federally subsidized eO Sec. 42(e) rehabilitation expenditures not federally subsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) g 0 Allocation subject to nonprofit set-aside under sec, 42(h)(5)


Under the penalty of perjury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code, and that I h ve examined this fo nd to the best of my knowledge and belief, the information is true, correct, and complete.

, _~ _____ 0 •• ____ • ______ •• ___ ._. _____ • ___ 0 0. ____ 0 ___ 0 _~ __ ~~~~~~~_~~~~~r~ _:~~~.~t~~~o~~~~~~~~ _____ . _____ . ________ taL A-:. ~::9.~ _____ . ' Signature of Authorized Official Name (please type or print) Date


~~r-------------8a Original qualified basis of the building at close of first year of credit period . . . . . . . . . 8a b Are you treating this building as part of a multiple building project for purposes of section 42 (see '--__ .L.-__________ _

instructions)? . . . . . . , . . . . . . . . . . . . . . . . , . . . . . . . . . 0 Yes 0 No 9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(8)? . . BYes 0 No b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units(section 42(d)(3»)? Yes 0 No

1 0 Check the appropriate box for each election: Caution: Once madeJ the fol/owing elections are irrevocable.

a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1)) b Elect not to treat large partnership as taxpayer (section 420)(5)) . . .

c Elect minimum set-aside requirement (section 42(g»(5ee instructions)

d Elect deep-rent-skewed project (section 142(d)(4)(8))(see instructions) 020-50 040-60

DYes DNo

DYes D 25-60 (N.Y.C. only) 015-40

Under pen Itlres 'f rjury, I declare that the above building continues to qualify as a part of a qualified low-income housing project and meets the requirem ts Inter I R venue Code section 42. I have examined this form and attachments, and to the best of my knowledge and belief, they

.;.~ .t~~. ~~ •• t.~~~.~ •• ~~~~e •.•••••••••••••••• ••• ••••• ~ •••••••••• ~~'.~~;.~~!.~ ................................. t ... ?: j.~1~. ~ .......... . Mf bl ·'1 V· Taxpayer Identification number Oate

ar e Fa S lstas Apartments, L.P. ~ By: THF Housing Opportunity Corporation . __ ~ ___ • ___ •. ____ • _____ o _____ • __ •• _ . ____ • ____ •• ______ • ___ ow •

. - _. Its General Partner N~me (pI08:;6 lype or print) Tax year






Allocation of Credit. Caution: Use for allocations made in 2005 and later or, in the case of buildings financed with tax-exempt bonds, bonds issued or buildings placed in service in 2005 or later.

Check if: 0 Addition to Qualified Basis 0 Amended. Form A Address of building (do not use P.O. box)(see instructions) B Name and address of housing crealt agency

The VIstas Apartments Building: 5 (5 of 16) Texas Department of Housing And Community Affairs 1700 Mustang Drive P.O. Box 13941

Marble Falls, Texas 78654 File # 04410 Austin, Texas 78711-3941 C Name, address, and TIN of building owner receiving allocation


TIN ~ 20.0847719


74·2610542 E Building identification number (BIN)

TX~ 04-41005

1 a Date of Allocation ~ . ______ : ______ b Maximum housing credit dollar amount allowable



b Check here ~ if the eligible basis used in the computation of line 3a was increased under the high-cost area provisions of section 42(d)(5)(C). Enter the percentage of which the eligible basis was increased (see instructions) .

4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter -0-)

5 Date building placed in service ~ . __ ~~~,!!3_~q~ __

1b 29,327

2 3.43%

3a 855,015

!Ai.:: . I ~.;'~ ;:J;{:{

3b 130%

4 66.51% '." .::: :-f ~\, ' . . (;.,~., .

, .,

6 Check the boxes that descnbes the allocation for the bUilding (check those that apply): a [2] Newly constructed and federally subsidized b 0 Newly constructed and not federally subsidized c D Existing Building dO Sec. 42(e} rehabilitation expenditures federally subsidized e 0 Sec. 42(e) rehabilitation expenditures not federally subsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42{i)(2)(E) 9 0 Allocation subject to nonprofit set-aside under sec. 42(h)(5)


Under the penalty of perjury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code. and that I h examined this fo to the best of my knowledge and belief, the information is true, correct. and complete.

~ Michael Gerber, Executive Director ~ (1- .... (0 --0.6

··:·.;.1

.• - -- - - -s~naiure ofAuthori;;ciofficlai - -- - -- - -- ••• - - ---.- -- -•• - ••• -- -Name (pI;a;atype~;: ptiriti ---- •• -- •• -. --- .- •• -- ---- --- --___ a - •• --Date -- --- --- •• --

First-Year Certification-Completed by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . . . . . . . . . . . . . . . . . . . . . . ~7:---I--_____ _ 8a Original qualified basis of the building at close of first year of credit period . . . . . . . . . . . b Are you treating this building as part of a multiple building project for purposes of section 42 (see

instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 0 Yes 0 No 9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(8)? . .. Dyes 0 No

b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units(section 42(d)(3))? 0 Yes 0 No 10 Check the appropriate box for each election:

Caution: Once made, the following elections are irrevocable. a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1)) b Elect not to treat large partnership as taxpayer (section 420)(5» . . . c Elect minimum set-aside requirement (seGtlon 42(9))(see instructions) d Elect d ep-r nt-skewed project (section 142{d)(4)(8))(see instructions)

020-50 D 40-60

DYes DNo

DYes 025-60 (N.Y.C. only) 015-40

Under pena ies f p 'ury, I declare that the above buHding continues to qualify as a part of a qualified low-income housing project and meets the requiremen 5 of ntB,&venue Code sec~on 42. I have examined this form and attachmenls, and to the best <If my knowledge and belief, they

. ~~ _~~~' ~ __ ~e_~ __ ~~ ____ ~:~:e~ ________________________ ~ ____________ ~_~~~~~_~~~ ~ _______________________________ t ____ ~ J. ?h-?-________ _ Marble Falls Vistas Apartments, L.P. TaxpayerldenUfication number Date

~ By: THF Housing Opportunity Corporation ~ .• -- Its General Partner - •• ---------.-- •• ---------.--------.-_ •• ----- •• --- •• ------_ •.

Name (please type or print) Tax year

For Priva~y Act and Paperwork Reduction Act Notice, sea instructions. Cat. No. 63981 U Form 8609 (Rev. 12-2005)


Department of the Treasury Internal 'Revenue Service



Allocation of Credit. Caution: Use for allocations made in 2005 and later or, in the case of buildings financed with tax-exempt bonds, bonds Issued or buildings placed in service in 2005 or later.


The Vistas Apartments Building: 6 (6 of 16) Texas Department of Housing And Community Affairs 1700 Mustang Drive P.O. Box 13941

Marble Falls, Texas 78654 File # 04410 Austin, Texas 78711-3941 C Name, address, and TIN of building owner receiving allocation


TIN ~ 20-0847719

o Employer identiflcation number of agency

74-2610542 E Building identification nuni6er(BIN)

TX~ 04-41006

1 a Date of Allocation ~ ow _____ : ______ b Maximum housing credit dollar amount allowable

2 Maximum applicable credit percentage a[Jowable .

3a Maximum qualified basis ." . .

b Check here ~ if the eligible basis used in the computation of line 3a was increased under the high-cost area provisions of section 42(d)(5)(C). Enter the percentage of which the eligible

basis was increased (see instructions)

4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter -0-) 5 Date building placed in service ~ 6/13/2005 . ------_ ... _ ...... -

1b 24,954

2 3.43%

3a 727,522

~~:'t,::'t:} 3b 130%

4 66.51% •. i ···:·i':··. , ;;:: /,:;:",\ ~" >, ...•

6 Check the boxes that describes the allocation for the bUlldlng (check those that apply): a [2] Newly constructed and federally subsidized b 0 Newly constructed and not federally subsidized cOExisting Building dO Sec. 42(e) rehabilitation expenditures federally subsidized eO Sec. 42(e) rehabilitation expenditures not federally SUbsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) 9 0 Allocation subject to nonprofit set-aside under sec. 42(h}(5)

Signature of Authorized Housing Credit Agency Official-Completed by Housing Credit Agency Only .

Under the penalty of perjury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code. and that I e amined this for nd 0 the best of my knowledge and belief, the Information is true, correct, and complete.

:. ~:;i

~ ~ Michael Gerber, Executive Director ~ {t1'-0 -0< ._ ..... __ . ____ .... _ ......... _________ .................. ___ ................. __ ._ .. __ .... -- ... _ .... -_ .. -_ ........ _.- ........ --_ ... _ .. - __ ..... _ .. _ .. -- ___ .. __ .. C ___ ____ .... _____ ... Signature of Authorized Official Name (please type or print) Date


~~r-------------Sa Original qualified basis of the building at close of first year of credit period . . . . . , . . . . . b Are you treating this building as part of a multiple building project for purposes of section 42 (see

instructions)? . . . . . . . . . . . . . . . . . , . . . . . . . . . . .' . . . . . , 0 Yes 0 No 9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 420)(2)(8)7 . " 0 Yes 0 No

b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units{section 42{d)(3))? 0 Yes 0 No 1 0 Check the appropriate box for each election:

Caution: Once made, the following elections are irrevocable. a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1)) b Elect not to treat large partnership as taxpayer (section 420)(5)) . . . c Elect minimum set-aside requirement (section 42(g))(see instructions)

d Elect deep-rent-skewed project (section 142(d)(4)(B))(see instructions) 020-50 040-60

DYes DNa

BYes 25-60 (N.Y.C. only)

015-40 Under penal as f per ry, I declare that the above building continues to qualify as a part of a qualified low-income housing project and meets the requireme of Interna venue Code section 42. I have examined this form and attachments, and to the best of my knowledge and belief, they

a; true, ~ 20-084 771 ~ ___________________________________ ~ ____ -~hh ~ _______ .... Marble Falls Vistas Apartments, L.P.

r>- By; THF Housing Opportunity Corporation . _. Its General Partner

Name (please type or print)

Taxpayer Identification number Date

~ _ .... _ ... ~ ....... _____ oo .. 11. __ -- ••• _ ... -_ ...... - ... --_ ................. _ ...... ~ -_ .. - .......... .

Tax year

For Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 63981 U Form 8609 (Rev. 12-2005)

Fo~ 8609 (Roil. December 2005)

Department of the Treasury rnternal Revenue Service

Low-Income Housing Credit Allocation and Certification

OMB No. 154S.(l988

Allocation of Credit. Caution: Use for allocations made in 2005 and later or, in the case of buildings financed with tax-exempt bonds, bonds issued or buildings placed In service in 2005 or later.

Check if: 0 Addition to Qualified Basis 0 Amended Form A Address of buflding (do not use P.O. box)(see Instructions) B Name and address of housing credit agency

The Vistas Apartments Building: 7 (7 of 16) Texas Department of Housing And Community Affairs 1700 Mustang Drive P.O. Box 13941 Marble Falls, Texas 78654 File # 04410 Austin, Texas 78711-3941 C Name, address, and TIN of building owner receiving allocation

Marble Falls Vistas Apartments, L.P. 111 0 Broadway Marble Falls, Texas 78654

TIN ~ 20-0847719


74-2610542 E Building identification number (SIN)

TX- 04-41007

1a Date of Allocation ~ • ______ : ______ b Maximum housing credit dollar amount allowable

2 Maximum applicable credit percentage all9wable .




1b 24,954

2 3.43%

3a 727,522

I\i~ff;;; 3b 130%

4 66.51% i 5 Date building placed in service ~ . __ ~~1..~3_~~~ __ ':~ i<;;! ' ' ; ~' i ') .. ! ,J

6 Check the boxes that describes the allocation for the bUildIng (check those that apply). a 0 Newly constructed and federally subsIdized b D Newly constructed and not federally subsidized cOExisting Building dO Sec. 42(e) rehabilitation expenditures federally subsidized e 0 Sec. 42(e) rehabilitation expenditures not federally subsidized f 0 Not federally subsidized by reason of 40-50 rule under sec, 42(i)(2)(E) 9 0 Allocation subJect to nonprofit set-aside under sec. 42(h)(5)


Under the penalty of perjury, I declare that the allocation made 'is in compliance with the requirements of section 42 of the Internal Revenue Code, and that I h xamined this form a to the best of my knowledge and belief, the information is true, correct. and complete.

ichael Gerber, Executive Director ~ ('L .. ~ -0 b -----•• ---------N;me (pleci;e-tYpe 'Or print) ------------••• ---------••• --------• --"Data ----------. -

First-Year Certification-Completed by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . . , . . . . . . . . . . . . . . . . . . . 7 Sa Original qualified basis of the buHding at close of first year of credit period . . . . . . . . . I---::::--+---~----b Are you treating this buil~ing as part of a multiple building project for purposes of section 42 (see

instructions)? . . . . . . . . . . . . . . . . . . . . , . . . . . . . . , . . . DYes D No 9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(8)? . . DYes B No

b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units(section 42(d)(3))? DYes No 10 Check the appropriate box for each election:

Caution: Once made, the fol/owing elections are irrevocable. a Elect to begin credit period the first year after the building is placed in service (sectIon 42(f)(1)) b Elect not to treat large partnership as taxpayer (section 42(j)(5)) c Elect minimum set-aside requirement (section 42(g))(see instructions) 020-50 040-60 d Elect deep-rent-skewed project (section 142(d){4){B))(see instructions)

DYes 0 No

DYes

B 25-60 (N.Y.C. only) 15-40

Under pen ties 0 erjury, I declare that the above building continues to qualify as a part of a qualified low-income housing project and meets the so Inle al Revenue Code section 42 . I have examined Ihis form and attachmenls. and 10 Ihe besl of my knowledge and Ilef. Ihey

~ rre I a~~.: .~~~~~e~ ••••• •••••••• ••••••••••• ~ •••• ••••• ~.~~~~::.~: ~ ••••• •• •• ••• •••••• ••• ••••• ••• ••• ..t ... !¥ ~ .: .......... . Marble Falls Vistas Apartments, L.P. Taxpayer identification number Date

. ' By: THF Housing Opportunity Corporation , __ ~_ . ___ _ ~ __ _____ __ ___ ~ ____ ___ __ __ _____ ____ .. . __ ___ • ____ __ . . -•. Its General Partner


For Priv r~CY Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 63981 U Form 8609 (Rev. 12-2005)

Form 8609 (Rev, December 2005)


Low-Income Housing Credit Allocation and Certification OMS No, 1545-0988

Allocation of Credit. Caution: Use for allocations made In 2005 and later or, in the case of buildings financed with tax-exempt bonds, bonds issued or buildings placed in service in 2005 or later.

Ch k 'f 0 0 ec I: Addition to Qualified Basis Amended Form A Address of building (do not use P.O, box)(see instructions) B Name and address of housIng credit agency The Vistas Apartments Building: 8 (8 of 16) Texas Department of Housing And Community Affairs 1700 Mustang Drive P,O. Box 13941 Marble Falls, Texas 78654 File # 04410 Austin, Texas 78711-3941 C Name, address, and TIN of building owner receiving allocation o Employer identification number of agency Marble Falls Vistas Apartments, L.P. 74-2610542 1110 Broadway IE Building identification number (BIN)

Marble Falls, Texas 78654

TIN ,.. 20-0847719 TX- 04-41008

1a Date of Allocation ~ H b Maximum housing credit dollar amount allowable 1b 24,954 .. _ ... _---------2 Maximum applicable credit perceritage allowable . , . 2 3.43%

3a Maximum qualified basis . .. 3a 727,522 b Check here ~ if the eligible basis used in the computation of line 3a was increased under

1'/~"lWi.~ the high-cost area provisions of section 42(d)(5)(C) , Enter the percentage of which the eligible

basis was increased (see instructions) . 3b 130%

4 Percentage ofthe aggregate basis financed by tax-exempt bonds (If zero, enter -0-) 4 66.51% 5 Date building placed in service ~ 6/13/2005 , <, : ,:i~, :;r\,;:: ; , !;,, :';J '~ :;;;t>d of;j;';:>' --------------6 Check the boxes that descnbes the allocatIon for the bUilding (check those that apply).

a 0 Newly constructed and federally subsidized b 0 Newly constructed and not federally subsidized cOExisting Building dO Sec. 42(e} rehabilitation expenditures federally subsidized eO Sec. 42(e) rehabilitation expenditures not federally subsidized f D Not federally subsidized by reason of 40-50 rule under sec, 42(i)(2)(E) 9 0 Allocation subject to nonprofit set·aside under sec. 42(h)(5) ,


Under the penalty of perjury, I declare th the allocation made is In compliance with the requirements of section 42 of the Internal Revenue Code, and that I have examined this fo the best of my knowledge and beUef. the information is true, correct, and complete.

~ Michael Gerber, Executive Director ~ \ fJ- '- "-D 6 _ •••• -••• ----" -Name (Please"tYpe 0; P~i,;t) _. _ ••••••• - _ ••• - - H - - - _. - - - - - - _ •• "" - - - - -Date·' •••. -•••••

FirstwYear Certification-Completed by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . " . , . . . , . . . . . . , . . . . , . . 7 8a Original qualified basis of the building at close of first year of credit period . . . . . . , . . /----::;,--t-------

b Are you treating this building as part of a multiple building project for purposes of section 42 (see instructions)? . , , , . . , , , . . . , . . , . . . . . . . . . , . . . , . , ,

9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(8)? . . b Do you elect to reduce, eligible basis by disproportionate costs of non-low-income units(section 42(d)(3))?

1 0 Check the appropriate box for each election: Caution: Once made, the following elections are irrevocable.

a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1» b Elect not to treat large partnership as taxpayer (section 420)(5) , . , c Elect minimum set-aside requirement (section 42(g»(see instructions) 020-50 040-60 d Elect : ep-rent-skewed project (section 142(d)(4)(B»(see instructions)

DYes DNO

BYes DNa Yes PNo

DYes DNa

BYes 25-60 (N.Y.C. only)

015-40 '

Under pe 1~/aS of perjury, I declare that the above building cont~nues t? qualify as a part of a qualified low-income housing project and m~ets the requirem ttl ~mal Revenue Gode section 42. I have examined thiS lorm and attachments, and to the best 01 my knowledge and bellel, they

. ~~~ .t:~. ~~: .. ~t.~ ... ~~~~~~e ••••••••••••••••••••••••• ~ •••••. _ ••• ~? __ ~~ :.~~~ ... _." _ .......................... ~_ .. l<I.!!I:> :! ........... _' Marble Falls Vistas Apartments, L.P. Taxpayer idl!ntification number Date

~ By: THF Housing Opportunity Corporation ~ ' ". Its General Partner " . -•. -••. -". -_. _ ... ---. ----- -_ •• _. -.. ---". -• --_. -. -...• --. -,

Name (please type or print} Tax year

For Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No, 63981 U Form 8609 (Rev, 12-2005)



Low-Income Housing Credit Allocation and Certification OMB No. 1545-0988

Allocation of Credit. Caution: Use for a1l0cations made in 2005 and later or, in the case of buildings financed with tax-exempt bonds, bonds issued or bu;tdings placed in service in 2005 or later.

Check if: 0 Addition to Qualified Basis 0 Amended Form A Address of building (do not use p , O. box)(see instructions) B Name and address of housing credit agency The Vistas Apartments Building: 170() Mustang Drive Marble Falls, Texas 78654

9 (9 of 16) Texas Department of Housing And Community Affairs P.O. Box 13941

File # C Name, address, and TIN of building owner receiving allocation

Marble Falls VIstas Apartments, L.P. 1110 Broadway Marble Falls, Texas 78654

TIN ~ 20-0847719

04410 Austin, Texas 78711-3941 o Employer identification number of agency

74-2610542 E Building identifIcation number (BIN)

TX- 04-41009

1 a Date of Allocation ~ _______ : ______ b Ma~imum housing credit dollar amount allowable


3a Maximum qualified basis. . . .



1b 25,099

2 3.45%

3a 727,507

I :J/~~;; 3b 130%

4 66.51% 5 Date building placed in service ~ 5/10/2005 1':'i','T 1;~';'lt/:~: :;,; ,: ",c :" , ' Y.::,\ " ;

._------------6 Check the boxes t/:1at describes the allocation for the bUildIng (check those that apply): a 0 Newly constructed and federally subsidized b 0 Newly constructed and not federally subsidized cOExisting Building dO Sec. 42(e) rehabilitation expenditures federally subsidized e 0 Sec. 42(e) rehabilitation expenditures not federally subsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) 9 0 Allocation subject to nonprofit set-aside under sec. 42(h}(5}


Under the penalty of perjury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code, and that I have ined this form a d to th est of my knowledge and belief, the information is true, correct, and complete .

. _~ _____________ ... ____ .. ___________ . ______________ ~ ~~~~~~~ _~~~~:.r: _:~~~_~t!~~.~!~:~~~~ _______ . _____ .... __ ~ _ -L b::.f:?_-:9. ~_ .. _ Signature of Authorized Official Name (please type or print) Date

First .. Year Certification-Completed by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . . . . . . . . . . . . . . . . . . . . . . 1--:::7,........4-_____ _ Sa Original qualified basis of the building at close of first year of credit period . . . . . . . . .


instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 Yes 0 No 9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(8)? . . 0 Yes 0 No

b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units(section 42(d)(3))? 0 Yes 0 No 10 Check the appropriate box for each election:

Caution: Once made, the following elections are irrevocable. a Elect to begin credit period the first year after the building is placed in service (section 42{f)( 1)) b Elect not to treat large partnership as taxpayer (section 420)(5)) c Elect minimum set-aside requirement (section 42(g))(see instructions)

d Elect deep-rent-skewed project (section 142(d)(4)(8))(see instructions) 020-50 040-60

DYes 0 No

DYes o 25-60 (N.Y.C. only) D 15-40

Under penal 195 perjury, I declare that the above building continues to qualify as a part of a qualified low-income housing project and meets the requireme 0 I ~r~al Revenue Code section 42. I have examined this form and attachments, and to the best of my knowledge and belief, they

. ~ .~~' ..• ~~ .I.~ 6.~~~~~~e .......................... ~ ............ ~~:~.~~::. ~~ ................................ ~ .. j ~ I~ ~ .......... . Marble Falls Vistas Apartments, L.P. Taxpayer Identification number Data

~ By: THF Housing Opportunity Corporation ~ , __ . Its General Partner - - . - - - -- - - - - - -- - -. - - - - - _. - - -- - - - - . -- - . - -- - - - -- ••• - _ •• -- -- •.



~




and Certification OMS No. 1545-0988

Allocation of Credit. Caution: Use for allocations made in 2005 and later or, in the case of buildings financed with lax-exempt bonds, bonds issued or buildings placed in service in 2005 or later.

Check if 0 Addition to Qualified Basis 0 Amended Form A Address of building (do not use P.O. box)(see instructions) SnJ:Naii"rmrue;;-;a:rnni'rld:i'adrltdirire:;;:s:i:s ntOf'lih;no;o.us;r;ln;;;::g;-;c;;:re;;;dffiit:-;;a;;ge~n:;:c;:-y - - - ----_ _ _ .

The Vistas Apartm~nts 'Building: 10 (10 of 16) Texas Department of Housing And Community Affairs 1700 Mustang Drive P.O. Box 13941 . Marble Falls, Texas 78654 File # 04410 Austin, Texas 78711.3941 C Name, address, and TIN of building owner receiving allocation


TIN ~ 20-0847719


74·2610542 E Building Identiflcatlon number (BIN)

TX- 04-41010

1a Date of Allocation ~ ~ b Maximum housing credit dollar amount allowable


3a Maximum qualified basis .

b Check here ~ if the eligible basis used in the computation of line 3a was increased under the high-cost area provisions of section 42(d)(5)(C). Enter the percentage of which the eligible basis was increased (see instructions)

1b 9,522

2 3.45%

3a 276,000

3b 130%

4 Percentage of the aggregate basis financed by tax·exempt bonds (If zero, enter -0-) 4 66.51 % 5 Date building placed in service ~ . __ ~~ .... ~~_~q~__ ~:\ ::\~ ~~'; : i ;:;:<; ·.;'i:{:- >;:~i .. ';~c-,~ 6 Check the boxes that describes the allocation for the bUilding (check those that apply):

a 0 Newly constructed and federally subsidized b 0 Newly constructed and not federally subsidized cOExisting Building dO Sec. 42(e) rehabilitation expenditures federally subsidized e 0 Sec. 42(e) rehabilitation expenditures not federally sUbsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42{i)(2)(E) 9 0 Allocation subject to nonprofit set-aside under sec. 42(h)(5)


Under the penalty of perjury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code. and that J hav mined this form and 0 t best of my knowledge and belief, the information is true, correct. and complete.

~ Michael Gerber, Executive Director ~ '\ 1.. ..... 0 -O~ _ •• ---_. -. _. 'Nim~ (ple~se-IYp~ or print) ---••• -. -. -----' _ .• _ .••• ---.• _ ••••• --. -oa,;;··· ----. -"-

First-Year Certification-Completed by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . . . . . . . . . . . . . . . . . . . . . . f--::7,--+--____ _ _ Sa Original qualified basis of the building at close of first year of credit period . . . . . . . . . L.....-.8_a--J.. _____ _ _

b Are you treating this building as part of a multiple building project for purposes of section 42 (see instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DYes DNa

9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i){2)(B)? . . 8 Yes B No b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units(section 42(d)(3»? Yes No

10 Check the appropriate box for each election: Caution: Once made, the following elections are irrevocable.

a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1)) b Elect not to treat large partnership as taxpayer (section 420)(5» c Elect minimum set-as/de requirement (section 42(g))(see instructions) d Elect deep-rent-skewed project (section 142(d)(4)(B»(see instructions)

D 20-50 040-60

DYes DNa

DYes 025-60 (N.Y.C. only) 015-40

under penalti s ~t~~ I declare that the above building continues to qualify as a part of a qualified low-income housing project and meets the requirement of ,~er ¥evenue Code section 42. I have examined this form and attachments. and to the best of my knowledge and belief. Ihey

t.~ _t:~~~ ~ ___ ~~t __ :: _c ___ ~~~~~. ____ ____ ____ ____________ ~ ___ _____ ___ ~~_-~~: :_~~ ~ __________ ________ _____ _________ _ ~ __ ~.l + ~ ___ . __ _______ _ Marble Falls Vistas Apartments, L.P. Taxpayer identificatIon number Date

~ By: THF Housing Opportunity Corporation ~ Its Gen era! Partner .•• --• --• - •• _. - -• -• -. --.' • --•• -_. -. • -••• --•• _ •• _. ---•• ----.

Name (please type or p'rinl) Tax year

FOt' Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 63981U Form 8609 (Rev. 12-2005)

Form 8609 (Rev. December 200S)

Department of the Treasury

Inlemal Revenue Service


and Certification OMS No. 154S'{)988

Allocation of Credit. Caution: Use for aflocaiions made in 2005 and later or, in the case of buildings financed with tax-exempt bonds, bonds issued or buildings placed in seNice in 2005 or later.

Check if; 0 Addition to Oualified Basis 0 Amended Form A Address of building (do not use P.O. box)(see instructions) 16 Name and address of housing credit agency


Marble Falls Vistas Apartments, L.P. 111 0 Broadway Marble Falls, Texas 78654

TIN ~ 20-0847719

o Employer identlfication number of agency

74-2610542 E Building identification number (BIN)

TX- 04-41011

1a Date of Allocation ~ _______ : ______ b Maximum housing credit dollar amount allowable



b Check here ~ if the eligible basis used in the computation of line 3a was increased under the high-cost area provisions of section 42(d)(5)(C) . Enter the percentage of which the eligible basis was increased (see instructions) .

4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter -0-) 5 Date building placed in service ~ 5/10/2005 ... ------------

1b 19,044

2 3.45%

3a 552,000

I :;!~~irt 3b 130%

4 66.51% '(.;;l'~· "i'.; ; " " ;~. "'. ~~~ :~; ' .

6 Check the boxes that descrrbes the allocation for the building (check those that apply): a 0 Newly constructed and federally subsidized b 0 Newly constructed and not federally subsidized cOExisting Building dO Sec. 42(e) rehabilitation expenditures federally subsidized e 0 Sec. 42(e) rehabilitation expenditures not federally subsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) 9 0 Allocation subJect to nonprofitset~aside under sec. 42{h}(5)

Signature of Authorized Housing Credit.Agency OffiCial-Completed by Housing Credit Agency Only

Under the penalty of perjury, I declare tha he allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code, and that I h amined this form a d t the best of my knowledge and belief, the information is true, correct, and complete .

.• ~ ~ __ ••• __________ • __ ••• ______ • ___ • _. _______ •• • ~ __ ~~~~~~~_~~~~:.r~.:~~~_~t!~~_~~~~:~~~ ____ 0 _ _________ _ ___ ~_ .~ _7.:_ ~_:~_ ~ __ . __ Signature 0 nzed Official Nama (please type or print) Oate

First-Year Certification-Completed by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . . . . . . . . . . . . . . . . . . . . . . 7 Sa Original qualified basis of the building at close of first year of credit period . . . . . . . . . t---.:a:-"a-l--------


instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 Yes 0 No 9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(B)? . . 0 Yes D No b Do you elect to reduce eligib[e basis by disproportionate costs of non-low-income units(section 42(d)(3)? 0 Yes 0 No

10 Check the appropriate box for each election: Caution: Once made, the fol/owing elections are irrevocable.

a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1)) b Elect not to treat large partnership as taxpayer (section 420)(5)) . . . c Elect minimum set-aside requirement (section 42(g»(see instructions)

d Elect deep-rent-skewed project (section 142(d)(4)(S))(see instructions) 020-50 040-60

DYes DNa

BYes 25-60 (N.Y.C. only) o lS~40

Under pe l~i ~~rjUryt I declare that the above building continues t~ qualify as a part of a qualified low~jncome housing project and m~ets the requirem ts of ~5al Revenue Code section 42. I have examined thIS form and aU. ehments, and to the besi of my knowledge and belief, they

r .t~~. ~r .~~t .~: •• e.~~~~::e~. _ • • • • • _ • • •• • • • ••• • • • ••• ~ ••••• • ••••• ~~:~~~ ::.1.:.: ........... : .................. ~ ...... ~ } d ~.: ..... , _ .. . Marble Falls Vistas Apartments, L.P. Taxpayer identification number Date

~ By: TH~ Housing Opportunity Corporation .. .•.. Its Gel1eral Partner . -- ~- . - ••. -.-- . • -.--.- ---- - .. -- -.-.-- .•• --. .. ---- ... . --- -... -._ ..


For Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 63981U Form 8609 (Rev. 12~2005)


Department of the Treasury Infemal Revenue Service

~ow .. lncome Housing Credit Allocation


Allocation of Credit. Caution: Use fOf allocations made in 2005 and later Of, in the case of buildings financed with tax-exempt bonds, bonds issued or buildings placed in service in 2005 or later.

Check if: 0 AdditIon to Qualified Basis 0 Amended Form A Address of building (do not use P.O. box)(see instructions) B Name and address of housing credit agency



TIN ~ 20-0847719


74-2610542 E Building identification number {BTN)

TX- 04-41012

1a Date of Allocation ... _______ : ______ b Maximum housing credit dollar amount allowable




4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter -0-) 5 Date building placed in service ~ 5/4/2005

. _------- .. ""'---

1b 19,044

2 3.45%

3a 552,000

k:fi~~, :' 3b 130%

4 66.51% ~;- .:!.. •. " ': .~ . .. ...... . .

. ,

6 Check the boxes that describes the allocation for the bUilding (check those that apply). a 0 Newly constructed and federally subsidized b 0 Newly constructed and not federally subsidized cOExisting Building dO Sec. 42(e) rehabilitation expenditures federally subsidized e 0 .Sec. 42(e) rehabilitation expenditures not federally subsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) 9 0 Allocation subject to nonprofit set-aside under sec. 42(h)(5}


Under the penalty of perjury, I declare that e allocation made is In compliance with the requirements of section 42 of the Internal Revenue Code, and that I have examined this form a e best of my knowledge and belief, the information is true, correct, and complete.

.'

~ .. Michael Gerber, Executive Director ~ L'7, - b -" b ....... ----- ...... -..... ---_ ..... --_ .... ---_.-- ... _ .. _-_ .... __ ..... --_ .. -.... -- .... --_._---_ .. ------..... --_ ...... ---- ........ --- .... --- .... ,..------_ .. Signature of Authorized Official Name (please type or print) Date

First-Year Certification-Completed by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . . . 0 • • • • • • • • • • • • • • • • • • f--::7,..---+-_____ _ Sa Original qualified basis of the building at close of first year of credit period . . . . . . . . . . .


instructions)? 0 • • • • • • • • • • • • • • • • • 0 0 • • • • • • • • 0 • 0 • • •• 0 Yes 0 No 9a If box 6a or box 6d is checked, do you elect to reduce· eligible basis under section 42(i)(2)(8)? . .' 0 Yes 0 No

b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units(section 42(d)(3))? 0 Yes 0 No 1 0 Check the appropriate box for each elecUon:

Caution: Once made, the following elections are irrevocable. a Elect to begin credit period the first year after the building is placed in service (secHon-42(f)(1» b Elect not to treat large partnership as taxpayer (section 420)(5» c Elect minimum set~asjde requirement (section 42{g»(see instructions)

d Elect deep-rent-skewed project (section 142(d){4)(B»(see instructions) 020-50 040-60

DYes DNa

DYes

8 25760 (N.Y.C. only) 15-40

under~e alt~ of perjury, I dec/are that the above building contInues to qualify as a pa. rt of a qualified low-income housing project and m~ets the requirem Is ~nal Revenue Code section 42.1 have examined this form and atlachmenls, and to the best of my knowledge and behef. they

. r.t:~~~. ~~ .. ct •• • ~ .~o.~~~~~e~ ..................... ... ~ •••••••••••••••• ~~~.~~~.~:~ ............................ ~ •• ?:) ~r:? ........... . Marble Falls Vistas Apartments. L.P. Taxpayer identification number Date

~ By: THF Housing Opportunity Corporation ~ .• _ _ Its General Partner ••• ___ • ___ •• __ • ______ •• -. - - - • - - -- - -- - -- -• -• •• _. - _ ••• - -• - - - 0




Department of the Treasury Intemal Revenue Service




Check if: 0 Addition to Qualified Basis 0 Amended Form A Address of build-jng (do not use P.O. box)(see instructions) B Name and address of housing credit agency



TIN ~ 20.0847719

D Employer identification number of agency 74-2610542

E Building identification number (BIN)

TX· 0441013

1a Date of Allocation ~ . ____ •• : ______ b Maximum housing credit dollar amount allowable



b Check here ~ if the eligible basis used in the computation of line 3a was increased under the high-cost area provisions of section 42(d)(5)(C). Enter the percentage of which the eligible basis was increased (see instructions)

4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter ·0-) 5 Date building placed in seNice ~ 5/4/2005

. ------------

1b 25,099

2 3.45%

3a 727,507

! ':,';';;~I'{ . 3b 130%

4 66.51% ... . : ,;.~. i· ~ . , .. ~' ,

6 Check the boxes that desCribes the allocation for the bUlldmg (check those that apply): . a 0 Newly con'structed and federally subsidized b D Newly constructed and not federally subsidized cOExisting Building

d D Sec. 42(e) rehabilitation expenditures federally subsidized e 0 Sec. 42(e) rehabilitation expenditures not federally subsidized f D Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) 9 0 Allocation subject to nonprofit set-aside under sec, 42{h)(5)


Under the penalty of pe~ury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code. and that I have examined this form a d to the best of my knowledge and belief, the information is true, correct, and complete.

..

~ ........................ _ .................... ~ .. ~~~~~~~.~~~~~r: .:~~~.~t!~~. ~~~:~~~~ .......... _ ....... _t .. J.&::~:: 9.0. ... 0 ••

Signature of Authorized Official Name (please type 'or print) Date

First-Year Certification-Completed by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . . . . . . . . . . . , . . . . . . . . . . Sa Original qualified basis of the building at close of first year of credit period . . . . . . . . .

b Are you treating this building as part of a multiple building project for purposes of section 42 (see instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(8)? . . b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units(section 42(d)(3))?


a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1)) b Elect not to treat large partnership as taxpayer (section 42(j){5» c Elect minimum set~aside requirement (section 42(9»(see instructions) 0 20-50 D 40-60 d Elect dee -rent-skewed project (section 142(d)(4)(8))(see instructions)

Dyes DNo Dyes DNO DYes DNa

DYes ONo

DYes 025-60 (N.Y.C. only) 015-40

Under penalti S o~~7' I declare that the above building contlt:lues t? qualify as a part of a qualified low·income housing project and m~ets the requiremenls I In er~ievenue Code secllon 42. I have examined Il1IS form and allaehmenls. and to Ihe besl 01 my knowledge and behel, lhey

. ~~~~t:~~:. c~: .. ~t.~ . ~ _c.~_ ~~~~~' ..... o. _ ••••• _ • •• _. __ . _ .~. _ •• •• •• ••• ~~~~~~:.~~~ • • •• •••••••••••• __ ••••• __ ••••• __ • ~_ •.• ~J.~ )~~ ...... ..... . Marble Falls Vistas Apartments, L.P. Taxpayer identification number . Date

f ~ By: THF Housing Opportunity Corporation ~ . .• ~ Its General Partner . ••••• ••••• ••• _ . ••• _ • ••.••••• •• ••• •••• - •• •• - . _ •• _ ••. _ ••• .••.

Name (please lype or print) Tax year

For Privacy Act and Paperwork Reduction Act Notice, see Instructions. Cat. No. 63981 U Form 8609 (Rev. 12-2005)

!


Department oflhe Treasury Intemal Revenue Service

Low~Income Housing Credit Allocation

arid Certification OMB No. 1545.0988



The Vistas Apartments Building: 14 (14 of 16) Texas Department of Housing And Community Affairs 1700 Mustang Drive P.O. Box 13941 Marble Falls, Texas 78654 File # 04410 Austin, Texas 78711-3941 C Name, address, and TIN of buildIng owner receiving allocation

Marble Falls Vistas Apartments, L.P. 1110 Broadway

Marble Falls, Texas 78654

TIN ~ 20-0847719


74-2610542 E Building Idenbfication number (BIN)

TX- 04-41014

1 a Date of Allocation ~ • ______ : ______ b Maximum housing credit dollar amount allowable




basis was increased (see instructions) .

1b 25.099

2 3.45%

3a 727,507

\;~~~';}.,": ;: 3b 130%

4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter -0-) 4 66.51% 5 Date building placed in service ~ . __ 3!~~~~~~___ ii:~';i,/ .. :;: '- " .. · ~;~;\· ; 6 Check the boxes that descnbes the allocation for the buildmg (check those that apply):

a 0 Newly constructed and federally subsidized b 0 Newly constructed and not federally subsidized cOExisting Building

dO Sec. 42(e) rehabilitation expenditures federally subsidized eO Sec. 42(e) rehabilitation expenditures not federally subsIdized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) 9 0 Allocation subject to nonprofit set·aside under sec. 42(h)(5)


Under the penalty of perjury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code,

and that I have examined this form and to the best of my knowledge and belief, the information is true, correct, and complete.

~ Michael Gerber, Executive Director ~ ( ?- - C:,,, Ob _. - _. - - - - - "Nariii;(please-lype -;;,; print)" ---- --- -_ •• _. ---- _. _.- _. ---_.-. -••• -- -Date _ .• _. -_. _. --


~~~------------8a Original qualified basis of the building at close of first year of credit period . . . . . . . . . b Are you treating this building as part of a multiple building project for purposes of section 42 (see

instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 Yes 0 No 9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(8)? . . 0 Yes 0 No

b Do you eject to reduce eligible basis by disproportionate costs of non-low-income units(section 42(d){3)? 0 Yes 0 No 1 0 Check the appropriate box for each election:

Caution: Once made, the folfowing ejections are irrevocable. a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1)J

b Elect not to treat large partnership as taxpayer (section 420)(5» c Elect minimum set-aside requirement (section 42(g»(see instructions) 020-50 040-60 dEJect deep-rent-skewed project (section 142(d)(4)(B»)(see instructions)

DYes DNo

DYes 025-60 (N.Y.C. only)

015-40

Under p~~;e)/of perjury, I declare that the above building cont~nues t~ qualify as a part of a qualified low-income housing project and m~ets the reqUiremf ~t Intt51 Revenue Code section 42. I have examIned thIS form and aHachments, and to the best of my knowledge and behef, they . r _~~~'_~_ ~ _t_~~: __ :.~~~~~. ___________________ . __ .. ~ ____ , _____ ~~~~_~~~_~:~: ___________________________ ______ ~ ____ ~ l-~h! __________ _

Marble Falls Vistas Apartments, L.P. Taxpayeridentificalion number Date

~ By: THF Housing Opportunity Corporation ~ Its General Partner .••. -•• - ~ -_ .. - _. -- • -•.• -_ . . -_. ~ _ ....• -. -. _ ••• --.••.. - •• -_.


For Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 63981 U Form 8609 (Rev. 12·2005)




and Certification OMS No. 1545'{)988


Check if: 0 Addition to Qualified Basis 0 Amended Form A Address of building (do not use P.O. box)(see Instructions) 8 ame and address of housing credit agency

The Vistas Apartments Building: 15 (15 of 16) Texas Department of Housing And Community Affairs 1700 Mustang Drive P.O. Box 13941 Marble Falls, Texas 78654 Fife # 04410 Austin, Texas 78711-3941 C Name, address, and TIN of buildIng owner receiving allocation

Marble Falls Vistas Apartments, L.P, 1110 Broadway Marble Falls, Texas 78654

TIN ~ 20-0847719


74·2610542 E Building identificatJon number

TX- 04-41015

1 a Date of Allocation ~ b Maximum housing credit dollar amount allowable

2 Maximum applicable credit percentage allowable . . . . . . . . .

3a Maximum qualified basis. , . . . • . . . . . . . . . . , . .


basis was increased (see instructions) . . . . . . , . • . . , . . . . . .

4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter -0-) 5 Date building placed in service . . . . . . . . . . . . . . .. ~ 4/13/2005

1b 18,989

2 3.44%

3a 552,006

130%

6 Check the boxes that describes the allocation for the building (check those that applyr-----------a [2] Newly constructed and federally subsIdized b 0 Newly constructed and not federally subsidized cOExisting Building dO Sec. 42(e) rehabilitation expenditures federally subsidized e 0 Sec. 42(e) rehabilitation expenditures not federally subsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 420)(2)(E) 9 0 Allocation subject to nonprofit set-aside under sec. 42(h)(5)


Under the penalty of perjury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code, and that I have examined this to the best of my knowledge and belief, the Information is true, correct, and complete.

• • Michael Gerber, Executive Director ~ l '2. - , "0 { .•• ---- ·slg~~iUr;of A~lhori;;d· Offi'Ciai _ ••• _ •••• ---.- --_. _ •• -. -- ----- ·Nam; (ple;;e ~peo;: prlntj···_· -_ ••• --- -_ •••• _. -••... -. _ ••. ---- --Data -_ .••••• -.• -

First-Year CertificationwCompleted by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . . . . . . . . . . . . . . . . . . . . . . 7 8a Original qualified basis of the building at close of first year of credit period . . . . . . . . . f---::;::--t--------


instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DYes 0 No 9a If box 6a or box 6d Is checked, do you elect to reduce eligible basis under section 42(i)(2)(B)? . . 0 Yes D No

b Do you elect to reduce eligible basis by disproportionate costs of non-low-income unlts{section 42(d)(3))? 0 Yes 0 No 1 0 Check the appropriate box for each election:

Caution: Once made, the fol/owing ejections are irrevocable. a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1» b Elect not to treat large partnership as taxpayer (section 420)(5)) . . . c Elect minimum set-aside requirement (section 42(g»)(see instructions)

d Elect deep-rent-skewed project (section 142(d){4)(8»)(see instructions) 020·50 . 040-60

DYes DNo

aYes 25-60 (N,Y.C. only) 15-40 ·

Under pen ltie ' perjury, I declare that the above building continues to qualify as a part of a qualified low-income housing project and meets the requirem ts f Int nal Revenue Code section 42. I have examined this form and attachments, and to the best of my knowledge and belief, they

are tru corr ct and omplete. 20-0847719 t J • ~ • ~~O~

........................ " .... " .. """ ............... " lit ........ " ........................................ " """''''' ... " ........................................ ' " ~ ...... ".... .... ....... .... ... .. - .......... " ....... ~ .... "

Marble Falls Vistas Apartments, L.P. Taxpayer Identification number Date

~ By: THF Housing Opportunity Corporation ~ • w _. Its General Partner . ---.••• -•. --_ •• -•• w - - - • - - - • - • - - • - - - - - • - - • - - •• - - - - -. - - •• - •••

Name (please type or print) .Tax year



Department of the Treasury Intemal Revenue Service


and Certification OMB No. 1545.0988

, Allocation of Credit Caution: Use for allocations made in 2005 and later or, in the case of buildings financed with fax-exempt bonds, bonds issued or buildings placed in seNtee in 2005 or later.

Check if: 0 Addition' to Qualified Basis 0 Amended Form A Address of building (do not use P.O. box)(see instructions) B Name and address of housing credit agency

The Vistas Apartmen'ts Building: 16 (16 of 16) Texas Department of Housing And Community Affairs 1700 Mustang Drive P.O. Box 13941 Marble Falls, Texas 78654 File # 04410 Austin, Texas 78711-3941 C Name, address, and TIN of building owner receiving allocation

Marble Falls Vistas Apartments, LP. 1110 Broadway Marble Falls, Texas 78654

TIN ~ 20-084 7719


74-2610542 E Building Identification number (BIN)

TX- 04-41016

1 a Date of Allocation ~ - b Maximum housing credit dollar amount allowable

2 Maximum applicable credit percentage allowable ,

3a Maximum qualified basis . b Check here ~ if the eligible basis used in the computation of line 3a was increased under

the high-cost area provisions of section 42(d)(5)(C). Enter the percentage of which the eligible, basis was increased (see instructions)

1b 18.989

2 3.44%

3a 552,006

i{i.;jf;}~~ 3b 130%

4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter -0-) 4 66.51 %

5 Date building placed in service ~ . __ ~~1..~3..'!.~~__ [iL;>,:2,:::,:, \:~{;': '),/{i:':~';' \~ ,::1

6 Check the boxes that describes the allocation for the bUilding (check those that apply): a 0 Newly constructed and federally subsidized b 0 Newly constructed and not federally subsidized cOExisting Building d D Sec. 42(e) rehabilitation expenditures federally subsidized e 0 Sec. 42(e) rehabilitation expenditures not federally subsidized f 0 Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) 9 0 Allocation subject to nonprofit set-as[de under sec. 42(h)(5)


Under the penalty of perjury, I declare that the allocation made Is In compliance with the requirements of section 42 of the Internal Revenue Code, and that I have examined this form and to he best of my knowledge and belief, the information is true. correct, and complete .

. -~_ _ .. _____ ..... ____ .. '_. _ .... _ --- __ ----.. ----_ .. -~. -~~:~~~~.~~~~::: .~~~~.~~~~-~!~::~~~.----_ ... --._-_ .... ~- -.(-1.::-~Q .S. --Signature of Authorized Official Name (please type or print) Date

First-Year Certification-Completed by Building Owners with respect to the First Year of the Credit Period 7 Eligible basis of building (see instructions) . . . . . . . . . . . . . . . . . . . . . . 7 8a Original qualified basis of the building at close of first year of credit period . . . . . . . . . r-..~t--------

b Are you treating this building as part of a multiple building project for purposes of section 42 (see instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DYes DNa

9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(8)? . . 0 Yes D No b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units(section 42(d)(3»? 0 Yes 0 No


a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1» b Elect not to treat large partnership as taxpayer (section 42U)(5)) . . . c Elect minimum set-aside requirement (section 42(g))(see instructions) d Elect eep-rent-skewed project (section 142(d)(4)(S))(see instructions)

D 20-50 040-60

Dyes DNa

DYes

B 25-60 (N.Y.C. only) 15-40

Under p alti S~t~erjury, I declare that the above building continues to qualify as a, part of a qualified low-income housing project and meets the require nt of c3mal Revenue Code section 42. I have. examined this form and atlachments, and to the best of my knowledge and belief, they

. r .t~. ~:~ •• ~~ ••• : .c.~~~:~~e~ •••••••••••••••••••••••• ~ ••••••••• :.~~~~.~::.:~ ••••••••••••••••••••••••••••• ~ ••• ~ ••• ~J.s: h:? .......... . Marble Palls Vistas Apartments, L.P. Taxpayer identification number Oate

~ By: THP Housing Opportunity Corporation ~ , __ . Its General Partner • - - - -. - - - - - _ ••• - - - - - - - •• - - - _. - - • _ ••••• - - - • - - - - - •••• - - - _. - -.

Nama (please type or print) Tax year

For Privacy Act and Paperwork Reduction Act Notice, see instructions, Cat. No. 63981 U Form 8609 (Rev. 12·2005)

IMa~ 20 04 12;39p 04/22/04 16:40

KILDAV REALTY ft'S12 475 4420

CORP 713 914 9439

TDHCA I:NDRRW.

RICKPERAV COyt,MT

~P.C*IIGTOH

E.T«Uf;te 1}ileclqt

BoAJ;l) MEM89S EliUbetl Andel'SCllt, Chair ShaciYJ( Bogany c. KentConne Vidal Gonzaz PiMck R. Gofdon Nodllll\l)SaJm$

TEXAS DEPARTMENT OF' HOUSING AND COMMUNITY AFFAfRS

WWW.TDJlCo\.STAT£.T)(.US

April 22, 2004

Mark MayfieldIDick Kilday TownePark Kingsland Housing Partners, Ltd. 1110Broad~ Marble Falls, TX 78654

RE: 86095 for TowaeP.rk in Kingslaad (TDHCA ##00050)

Dear Mr. Mayfield/Mr. Kilday=

Find enclosed the executed 86098 for the above referenced developm.ent. A copy of the 86095 wilJ foHow via mail also. Should you have any qL1eslions~ please call me at 512/475-1676.

Sincerely,

~~m~ Cost Certiftcation Specialist

p.2

~002

'Ha~ 20 04 12:39p 04/22/04 16:40

KILDAY REALTY ft512 415 4420

CORP 713 914 9439

fqrm 8609 (Rev. NoveIOOer 2003)

TownePark In Klngsr .. d .cD8 FM 2900

reus 71639

TDUCA L~DERW.

Low-lncorne Housing Credit Allocation Certification

.. 'I'!'e bulllSll'lf owtII!r mt.ItlS Mt.I~tI FDmlKOt and SCM.,. A ~Ofm ',"I to .. F~ Inco".. \M rf'lunt.

C Name.lIIddr8ss. Mtd TIN iJllociItlon Town.Park Klngsllnd Houslno Partners, lid. 1110 Broadway Marble Farl$, Ttos 78854

TIN ~ 14.2874024 TX· 000005001

11 Oale of AlloCation ~ 12J28J2~O b Maximum housing credit dollar amount alowabfe •• tb ~~---:;;.:.!..:;..::.;;..--

2 Maximum applICable credit percentage alloWable • • . . . '. . .' • • . . • . . •• 2 i.17-k ~~-----:~...;.;..--

3a Maximum qualified basi,. . . • • . . • . . . . • . . . . . . . . . . . . .. 3a 379.021 b Check here ~ if the gligible basis used in ttle compuiBtIon of Roo 3s was Increased under !---~--

the high-cost area provisions of tection 42(d) (5) (C). Enter the percentage of which the eligible baali was Increased (see rnttructions). • • • • • • • • • • . . • . • • •• • • • 130%

4 PetMnlage of , he Iggregate baais financed by tax-exempt bonds (If zero, eroor -()..) • , • • 0.00% 5 Data Iluikfing placed in service . • • . . • _ . . • . . • . _ . ~ 3/3012002

6 Ch6ck the boxes that desClile. the allocation for the buildi"9 (c;hed( those tl1M appiW:-a B NewJy con~ ;and fedel'llly IWbsidized b 0 Newt~ consllucted and no. federaIIJ Stj)SidlZed C 0 Ex18tk!g Bu~ng

• d Sec •• 2(&) rehtbllftavon *"pancilMe$ tederaly subsldizod • 0 Sec. 42(_) ~habllltation IIXpenditures not federally tlbsidlzed f 0 Not feOerdy .aa~ by reason Of 40-60 rule uncr.r Me. 42(1)(2)(E) g 0 AII6caIIon$ll~ W, ~ seHdidt u** ~2{t1J(5) Signature of Authorized HousJng Credit Agency omcill-Compl~ted by Housing Credit Agency. only

' .. Flrst-! ... CartIJcatkMrCompJeted by BuUding Owners with respect to the First Ye~ of the Credit Period

7 E1igib1e ~ of building (see Inib'uctiorw) • • . . • . - • ~ • _ . . . • . • • . 171 ..

.. Originat qudftad besls of the building It cbse of first year of credt period . . • • . • . 1...._11:.--'-____ --b. Are you treating thl$ building as part of a mlJJljple buildinO project fO( purpor;es of sectJon 42 (~

ll\at~ns)? . .. _ .••••••••••• _ ••••••••.• .- • . • •• Dyes ONo 9a If bale 6a or box 6d ls ehecked, do you elect fD reduC8 eLigible basil tinder tectjon 42(1X2)(B)? •• 0 Yes 0 No b 00 you elect to redut:;8 efiglble bulB by disproportionate costs of non.low-income ~aac:;tJon 42(d)(3)O Yeil 0 No

f 0 CheCk the appropria1e be« for eac:h efection: • EJect ro ~ credit pertod lhe fQt yell' after tho building it placed in service {secticn -42(f}{1»). Dyes 0 No b Elect noUo treat large p,artnershrp IS taxpayet (sectJon 420)(5» • : • . • • • • • • • •• 0 Yes e Elect mnimUm &e(~askie ntquirernoot ($action 4Z(g»)(lee inStructions ~ 0 2G-SO 0 ~()'60 0 25-60 (N.Y.C. only) d EIact deep-re"~/(eW~ projeet (~ecIiOn 142(d)(4 )(B){see 'n$lrtJClions) .. 0 lS~. . _. . NOII~ A s.par«t $CMduIe A (FMm Il0l). AnnuAl Stat.."."t. for NCh bUlcling must be l11ed with th& tX)~ Fcrm BOOt

lor Bach )'fIBf rt"~ 15o)!SI' compIfetJc. ptlriXJ.

For ~~ R..duction AI:l NotlCle. All page 4. Cil Ito. &3lJ&tU Form eiOi (Rev. 11·2003)

p.3

19J003

'Ma~ ~O 04 12: 40p KILDAY REALTY U5J2 475 4420

CORP ?13 914 9439 UlJ.IUIU4 16:41 Tt>UCA 1i~J)ERW.

F0Im8609 Low .. lncome Housfng Credit (Rov. November~') Allocation Certification ~rtltIIa ~ ~ n...,..It ..... OW!'lefmustalf.l~ Fcrnt.toa.nd !ntemaJ ~ S~ kh.IdiM,. Farm 1101) Cq'" Fftettl r~me Wt JWlIin..

~I

~nQlNo.3'

TowrwPartc In King5ta1nct iulld1na: 2 (2 of fl} T_KU Dtpal1ment of HoUSing And Community Affair. 448 FM 2!00 P.O. 1JoX' 13M1 ~'Ia~.T~~JI~~~ fll.' 00050 Austin, Tuu1l111-3M1 c ~~Iddm8"WT'NorAluIdJng",*~~ I) E,.a,w~~Ofagency TownlP«rl( K1nplanc;S Hollslna P*",,"'.ltd. 7"2'10542 ttfD Bro.dw~ rniiBiiiiliiiH(_iiiliiitiii1~----------Marbla FIlii, Tau 78554

~~ __ ~ __ 7_~ __ 7_~_~_4 ________________________ -L __ ~lX~.OO~~D2

,. Date of MlcatiOn. ..!!f!!.2~ b MA)(imum hO\J$ln9 credit dcUar amount alJowabJe. •

2 ~um Ipplbble (:I'8dlt percentage allowable. • • • . • • '.' • . • • • . • •

3a Maximum qualifted bnls . . . . . • . • • . . • • • • • . . • . , . . . . . . b Check here ~ If fhe eflglblG basis used In the computation gf Ine 3q was Increased undor

the "1gtHxw.t area provisions of section 42(d)(~)(C) . Enter the parcentage of ~ the eftgibl& basis W8$ Incre~sed (18. in51ruClions) . • • • • • • t • • • • • • • • • •• ' . , •

1b 31.079

2 8.20%

130%

" P~entagllt of ~ awregafe basia financed by tax-«empt bonds (If zero. enter -0-) . . ~ .' 0.00% 6 oate IlUllding ptaced In servICe '.' . • . . . . . , . • • • • . • 112112002 6 Check the boxes that describes the allocation for the building (check those that 8PPl9f:'--• 0 Newly consttvcted and redareMy subsidIZed b 0 Newly conWuc;tcd and not fedttilMy subsi.:tfz.t . cD Exlsling 8ullding . it 8 see. ~{e) tiJI_liiUOn experi(jltures fedefaliy aubsidz.ed .0 SIC. 42(8) rehabilitatiOn 'lCpiftCUture" Mt f6d6tally SUb8~ f Not ~Iy s~ by ~on of "()-50 IUIe' UI1Cfer sec. 42(l)(2)(E) "0 A!oeaion~~nonpdtttGd8I1ld1f*-421hX5J Signature of AuthoriRd Houstng Credit Agency 0fficI_1-Completed by Housing Credit Agency Only

lMdirthe panaly of~. I ~a ~.n. .~tior1 INd." II\00000000nce ~ 1M .-.qv1renwnI~O( sectIOn "2 of tno Imernal ReVGl\\M Code, and II\at I have mt1Iinlld Part I at 1M rann Ind 10 111 or JNi ~and beW.llIIlntOlNJian" we, ctIft8Cf, end t.cftlj)_

~ . • __ ~!!'.~..a..!.:.~..."~~~~D!!~J..O!.._' __ " 'MM'~_M~ \ ~' 1 Ll..Y-_ ..... ,.--_Ot ... ,) ~1

IiZIIII FIrst-Year Certificatlon-Completed by BuiJding OWners with respect to the First Year of the Credit Period

7 EliglblO .bHe O(buildi"9.(a~lnstruttiOl\$} .•• •.. . '.' • . • • . • • • • . • • • • • 1--1....-+ _____ _

ta 0riQiileI ql.lllified ba*ii ~f the blI11d1"ig at close of .rst year of aedIt period . • • , . . • • .. I_ I) Ai. you W~1lIi 'hi~ bUilding B$ part of ~ mul!iple building project for PWpo&8S at r;ecuon 42 (589 I--.......I.--~----

lnatructiona)1 • • . . •..• , ••.•.••.• ..••••. . •••.•• • , •. Dyes DNa· fa If box Sa or box ad 1S Checked, do you eJe<i1 to nJdUce eligible batli under ~Clltln42(1){2}(B)? •.• Dyes 0 NO b 01) y«IlIeet to reduce eligible ~ls by disproportionate cocts ofnon..Jow·income units(sec;tion 42(d)(3)Oyes 0,..,

10 CheCk the appropriate boX rer each eJectim: .. EJect to begin crean periOd the.flrst year altet the building is pTaeed in 5eooee (section 42(1)(1)). 0 Yes 0 No b ged not 10 treat large ~Jinetih~ as taxpayer (lOSction 420)(5» . • • . . . . . 0 Yes

c; Elect miflirtMn &et'"ii~ ~j(emin1 (section 42(g»)(see instructions) 0 20-50 040-60 D2HO (N.Y.c. only) d Elect deeJwent·skewed prqec;1 (sedJon 142(d)(4)(8})(SM InStructions) 015-040

NOte: A i __ SmNIiIe A (FOhn 16Dt), AMUIiJ st.f81M111. fQt~ buiding mull be M«1 wlfh1ha oo".spOncfng Fotm SfK)g

A:l( each relit ()/ the 1 ~yesreomes period, .

For P'~ Redllt:Uof'l Atl ,.~ .... page 4. Cal No. 83HfU Fonn I8CI8 (Rev. 11-2003)

p.4

~004

~a~ 20 04 12:40p KILDAY REALTY 5'512 475 4420

CORP 713 914 9439 Vlf/l!j!/U4 1_6:42

Fonn 8609 (Rev. N~2003)

TOlIe.-\ E:\IDF.RW.

Low-Income Housing Credit Allocation Certification

~ Thct IKItr4Jftt owner rrqt attach ForM HOe and SchHu .. A If'0ml1lOJ) .... fMeM[ IAcot'MI talC rtMft.

FiI.. 0005D C NM1e, ~.ancf OWIW...ceMno docaIIon TownePaik Kingsland HoUSInsi Plrtnera, Ud. 1110 Blo.dwq . MIAI. Falls. Teas 788$4

llN ~ 7.w97"02 ..

11 Date of Anoc81ion ~ 12128J20!»O b Maximum housin9 tndit doDar amOunt .'Jowabfe • 31 079

2 Uaximum appJlcabJe credil percentage aUow.ble. • • • . , • • . . • . . • . " 2 &.20% I---f-.---;';;;";;"";~-

3a M~mumquallfJed l)a$it •• ~ .• , • , •.••••...••••.. -. • . •. Sa 37g,012 b Check here "0 if !tie eligible basis used In the computation of line 3a waa increased under t----..:..-__

the high-c:osl area provl$l0f'8 of MCtiern 42{d)(5)(C). Enter tile pen:emage of which the eligible buts wall rtCle8sed (~ln5trucfions). • • . . • • • • • '. . • " • . . • . . . " 130%

_4 Pe~e of1he mregate balls fin~d by tax~emp, bonds (If zero. onter·.i):.) . . • • • D.OO% 5 Date building placed In servICe . . . . . . . . , . . , . . . . ~ 7/~0CI2 • ~~ecJc the boxes that descrf)es Ihe eUocaffori for the buirding (dleck those that app~-a B Newly coMtnJcIad and federaly subsidized b 0 Newly eonsttucted and not federilly Iublictb:ed cO Exls11ng-Suilding d Sec. "2(8) rehablltation expendllures 1edt1'aJly subsidized. 0 See. "2(t) r~l_n expel'dJtu'n not federally sabsldiZed f 0 N~ federal! $Uti$~ by JU$cft of 40-50 r\JIe Unc!Cf lee, -42(i)(2)(E) 110 ~.wbJed to 11OI'IpfOlIlset-aside lIlder &ee. 42(hXs)

S'gnatur. of AuthotJzed Housing Credit Agency Offfciafo-Compleled by Housing Credit Agency Only

undar 1M PInI1tt ~ pIIrjl.rry. I deCIar9 11ft ... aIkJcUo" made 1& In ~1IAI'.c. WUh 11\1' Itq\llralMftta O! Mt.IiM A2 Of 1M 1ft1cn're1 Revenue Code • .-I I tJay. ~mIMd (Il1I. fOnn I!IIf 10 VIe Hit of tfrIlmDwIedge end belief, .,. Womlalon I, 1rLle. CClrI9Ct. and CQlY\plele.

. ~ '~!~'~~~~~~~.!'!.~~'~~ok, .. _ ..... -t_1± l.h L ).!It:M~ "'1M~"'_or,*,' F- 1

_ ~1r&t .. Yaai Certlflcatlon-Completed b~ Building Otiners with respect to the First Year of 1he Credit PeriQd

7 eligible baaiA of buldilg (see InS1rUCUons) - . • • . • • • • • , • • • • • • • • 7

.a Orfg\naJ qUlllifiea t)eIlJ.c)f Ine b_O at CIo6e of INIl year-of Ctliclt period , • • • : • • 1,...,;.;8a;;......L. ____ _ b Ale you lmeung Wi tKiildiOO as part or a n1u1tip1e buldlng ptoteet for purpoae& of.~ 42 lao!')

inStructilna)? . • . . • . . • • • , • . . . • . •• . . • . . • • • • • • • .• 0 Yes 0 No Ii If box: 6. Oi b(JJt ed itS chetked, do you ellid to raaUQt eligible bull under section 42(1)(2)(8)1 .• 0 Yes 0 No b Do you &lMf. to reduee elJglble basl$ by disproPOftionale cO$1$ of non-low-Income units.(section 42(d](~)O Ves 0 ~

10 Cbeck file appropriate box far each eleClIon: II ·EJect (0 begm c;~ period tile tnt year ilfteF the building Ie ptaced In aervice (aec1ion 42(f)(1)}. 0 Yes 0 No b Eleet not 10 {teat rafat ~$hip a, b\lq:)4yer (~"20)(5») . • . • • • • • . . . _" 0 Ves ' c El«t minimum aet·aslde requiremem (stetlon 42(O»(S.t lMlructiOns) 020-50 D40-SO 0 25~ (N.V.c. ontv) , -d EIs!'d~~ren&-skewed projeCt{&eCUM 142(d)(4XB»(!lee-ln&lruetlOM) 0 15'"'0

Hote; A uparafe ~ A (Form ii6f), Annual statemfMt. fat .«h-buJIdInQ must tie filed wifh .he ~IQ Form 8~ for fHJch YNrof UIe 'm=" COfJ'IPIJBIJCe POI!Od·

p.5

IlJ005

'Ha~ 20 04 12:40p 04/22/04 16:42

KILDAY REALTY D'S) 2 475 4420

CORP 713 914 9439

Fotm 8609

AlI~ion of Credit .

~ b!

mue" Ij~DERW.

Low.fncome Housing Credit Allocation Certification

~ 1M IIcMdIng 0IIIrMr mU$l.-ach Fana II60t ~ ~"(form ...., 1D" l'edeJilI iRcQnI.1P ..cuna,

C Nm&. Ind l1N owner t8C8MnG aloc:alon TownePar1c Klngellnd HoualnQ P ....... rs. ttd. t 110 Braadwey M.rilla FaJls, T ... 7BISC

nN • .14-297"~ · TX·~

111 31 1. DIi1e of AIk)catiOn ~ .12r.!8120DO b Maximum housing aedit doIar amount alowable. •

2 Maximum applicable credit percentage allowable. . . • • • • . • . . • . , . . . 2 8.20%

3a Maxim",," qualified basil. • . • • • • . • • . . • . • . • . . • • • • • • • • 2 b Check Mfa ~ if the eligible bDSI$ used In the computation of Iin8 3. waa incA.asad under

the high-COlt lrea provlaions of section 42(d)(5)(C). Enterthe percentage of which the e!lglble basis was Increased (see ilaffUGtionl) • • , , • . . • • • • , . • ' . • . . • . . . 130%

• P~e of the aggl'$gate ~I$ ftnanced by w-exempt bonds (If zero. enter.()..) • • ', . • 0.00% 5 9ate building placed i\ servtee . . . • '.' • • . , • • I • • , .. 112211002 , Check the boxes that describes 1he alocallon for the bulldIna (cheQc those that applY): .. • 0 Newty con$truc:ted and federaly :wbJldlzed b [2] Newly eo",ItUCWCIand lIot fedemUy IUbaidized cO Exisli'lg Buiding d 0 Sec. 42(i) r.tlabillitlon expenditures federally ICIbsId~ eO Sec. 42(.) MhabifJlauon expenditures notftdlraly .waiclWtd f 0 Not fedet'aIy I~d by reasoJ\ of 40-50 rule under Me. 42(i)(2}(e) g m I\IkQIIon IUbiId 11> nlXlprllllseHslde under3&. 421b)(S,

Signature of Autl'torized Ho~lng. Cre~lt.Agen~ ometal-Complated by HQusIng Credit Agency Only

Under 1M penaiIy CllpejjWJ. J d«Are1""'tI1 •• ~ ",..s...in ~wII1" ~of MdiOl'l42ofhtl~t~ Code, arid t I ...... . h. fomtand to .. blKt of rrt'I ~ an4 beW.1M ntofIt\/IIIon I, trw. COA'DCt, enct COI'I1IIett.

'A.;II~IM...II"'.",,;.;.;;""!~!:,~~~!!!I'~~.E.!!!~~.~~~--~-.... ~2.-~.I& i I.~_ .. __ (pIea$t~DfIlfl~ 0. "'i

I11III Fil'$~ Year ~caUon.Corilpieted by Building OWners With respect to th& First Year of the Cred~ Period.

1 Eliga)le ~ ofbuiJding (Re In:Jtructions) · . • . • • . • • • • • • . , ••••• 1

III Orig/n8J qlaUfied basis of the bUirdi\g at dose of first year of credit period • . . • . . 'a . b ho you treating this bulldlng !IS part of a multiple building project for purposes 01 :section 42 (HII '---"------

Instructions)? .. . •• • .••• • .••..•.• • ••.. , • • . • . . . . Dyes 0 No ta If bO)( 6a Dr box 6d Is checked, do YDU elect to reduce eigibla baals under aeetlon oC2(1}(2)(8)? •• 0 Yes 0 No b Oo)lOU elect to reduce eligible basis by d~propol1ionat8 cost, of non·low.lncome ullilsCsectioo 42(dX3)Q yes 0 NO

10 Check the ;,ppmpria\e box for each etec1ion: • EJect to begin crodii l)eriod the first ye.r.a~ the building is pliced In service (sectfon 42(0(1». 0 Yes 0 No D EJect I'Ot to tnW large partnfRhip as ~yer (section 0420(6» • • • • • • • • • • ., ., 0 Yea c Sed minimum set-aside ruquiremenl (sectIOn 42{g)XW InsftlJdbfls) 020-50 04lH)O D25.fiO (H.V.c. only) ~ E\ed de~rent-~6Weq projact (&action 142(d)(4)(B)Xsee inslJuctlans) 015-40

Mea; A.".,.. ~uIe.A (FoIm MOJ), Annual SlIIIJHnent. It)( Mdt IJuiIdinq mu" l» fiMdwith ,the comtspondirJg Form 8609

.[o(.~Y1IJf.t!(~~ t5-yaar compliance period.

p . 6

IlJ006

'Ma~ 20 04 12:41p Uq/~~/U' lti:4J

KILDAY REALTY U512 475 4420

CORP 713 914 9439 TDUCA I~DER'.

Low-lncome Housing Credit Allocation Certificltion

~ n.Ilt.!UlflnlJ CMMt ... _ -.eta Form 8'8QI" SChedule 4 (Form MotJ 10 .. F"r"'ln~ Ia ,1bI,...

r._ Department af Housmg And Community Atlaira P.O. SOl: 131'1 . .

Fi'f!. 00050 AusUn. Ttxal 71711-3"1 C I'd'dAII&. ~ nN d building rteelvlnO IIIotation. TownePu KJngsland Hou.'ng Par1ntlS. Ltd. '1'0 Brolciw'Y Malble F.IIs, rexas TMs4 TIN ~ 1~914t124

1& Date of Allocation.. .E~ .. b Maximum housing Cfadlt dOl .... amount ~le • •

2 Maximun applicable etedit percernage aUowabJe. • • . . . • • • • • • • • • • •

311 MIJCtmtJ'n quallied basl&. • • • • • . • • • • • • • . • • •• • • • • • • • • b Check here ~ If the erl()ibl8 baM used In th& compu18tion of line 3a was iocreaied under

the- high-cost prea provision, of sedlon 42(d)(5){C). Enter the percentage of which the eligible basta was increased (598 inatr\dions) • • . • • . . '. ' . . • • • • • . •• • • •

8.22%

379,027

130%

4 Percentage of the aggregate bali, 6nanced by tax-exempt bonds (If zero. enter.()-) • • • • 0.00% 5 Date building P'8Ced in service.. . • . . . . . . . . . . _ . . ~ &12512002 8 Check t~ boxes that describes the allocatiOn fQr the buikifng (check thole that ~--- . a 0 Newly oon.slnJcl'ed anet fecl8to1lty subaidizod b l2J Newly ~1nIC:*t and not fedetaly &tlblidiZect c 0 ~-BuJ1dIng d 0 Sol;. 42(.) rehablHation expenditures r.derally $ubSldizecS • 0 Sec. .. 2(6) rahlllblltatlon expea.dltutU nat. fedeQlty substdlzed f 0 Not federal)' •• ldized by rCllSOn of .. O-5O rule under sec. 42(1)(2)(E} 10 AlOCalOUu~lonon!dset.asldeU1ldefsec."~h}i5) . Slgnatur. of Authorized Housing Oredit Agency Oftlclal-Completed by Housing Credit ~ Only

Undet the penJI1y cI perjury. I dadM tNI the aIIocatIoo madlf II In ~ with t~ raqullefMnts of MCticin 42 of the Inter"" R8I/1IOOe Code,

and I ~'" ollhis farm ~nd to ~b9sl of my know!IdsIe.nd MIlt'. U. ~fo/lMUoft ii we. conecI. ,)nd compll~ .

.... """" ...... Ioo'AJ a..; ..... ~Ii4.L\"j~~::.t=y~~~:"..c._~.!'!!.:.~!.f!!~~.~~~!.H,~~~ .... ,' .... ~ ....... ,'.~,.. .. JlI~~lta4.._,,,. *'-(pIN",twH!arpMIj . .~. DIP .

fa FfrIt-Year c.rtiflCatiOn .. ~pleted by Building Owners with respect to the First Year of the Credit Period

fa Original qUIImOd b6Si$ 6f the bUi~ at dose Of first year of etedit period . • . . . . 1:1 . b AI. you IfQailng thila bUiklino all i*f of it ilii.ll6p!e bulkfll'19 prQiect for purposes of soctiOn "2 (see

inllnJCtions)? • • . • • . . . • . . • • • • • • . . • • • • _ • . • • • • • •• 0 Yes 0 No .a If bOlt 6a or bOx 6d ia cttect<8d, do you elect to reduca eligible bal~ under MOtion 42(1)(2)(8)1 •• 0 Yes 0 No b 00 yOu elett to r8duce eligit)le bailS by disproportionate CO$ls of non-Iow-income ~its{section 42(d)(3)O Yes 0 No

10 CheCk the appfOf)t18tD ooX for eeth electi61i! • Elect CQ begin credit period 1tlc 1\rst year after the bulJdlng Is placed In aeNice (HCtiOn 42(f)(1)) 0 'fl!$ 0 No . b E~t nat to treat large pllrtnemhip ~ taxpayer (section 0426)(5» • . . '. . . . . . . • '.' 0 Yes. c Beet rnliumum S6t-astde mqulremert (~Iion 42(g)(see InskmtlonS) . 020-50 040-60 025·60 (N.Y.C only) d Elect cteep.tMt-skewed project (section 142(1J)(4)(8)(i88 Instructfonal 015-40 .

. Not.: A s8pllflle ~CIIHlllt A rFOnn I«19J. A",ultll Stllt~enf. for -.cit bUlkIlr,g mu.st 0. (led with .11J' Cf1rrw,pond1ng Fotm .600 for Mdt )'NT 01 Ui. 15-,...,. cOmp/taIl(:S pMoti. .

Fonn eeoe (Rov. 11.20(3)

p.?

~007

'Ma~ 20 04 12:41p 04/22/0. 16:43

KILDAY REALTY CSJ2 475 4420

CORP 713 914 9439

Form 8609 (Rev. November 20(3)

~tJll"eT"'N)'

l'lIenIlI ftMt'.ua Serv.aI (99)

TOlle,., J:NDRR'.

Low .. lncome Housing Credit Allocation Certification

~ The IJ"'kfina owner IINIlllfllcll FMrn IIOIIIl(f ~ A (FOt'II' 1fJ9) to Its f4ldftilf ~me ta ... Iwon.

C Nln. 8dd1Hs., aoo TIN of bui1dlnt ownar ~1otaUon

TOWMPaJIc KlngsJancf HOU"1ItiI Partrtcns, Ud. 1110 Broad¥tay Marble F,U., Ttus 78&$4

""" ~ "4-2914024 TX-OO.054)f)6.

1a Data of Allocation .. 1212812000 b MtOOmwn hoUsin9 credit doNor 8mOLnt .!towable.. 1b 31

2 t.4~mum ~pplioable credit pereentage allowable. • • . • • . • • . . . . • . " 2 8.20% t---f-~-----

3a Maximum qualified basis, • • • • • . • • • • • • • • • . • . . • '. • • • .• :sa b Check hera ~ in", eligible basis used In the oomputation of line 38 was Inctea$ed Linder

the high-cost iII8Il provisions o. section "2(d){5)(C). Enter the percentage of whiCh the ellgille bali, was mcreased (lee1nslrudlon.) . . . ... . . . . . . .'. • • , . . • • . • •

379.012

130%

4 Per(:emago of '.he aggregate ba&is financed by tax--exempi bondt (H zero. enaer .0-) . • . • 0.00% 5 Date bUIlding placed.ln seMce . '. . . . . ' . • . . • . . • . . ~ 712tf2002 e Check the boICe' that describes the allocation for the buit"ding (check those that apptyj:--a B ~ consirutt8d ;and federally wblldlzed b 0 NwSy conabuc4l:d'and not ~ wbslctlted c 0 ExisUng Building d Sec. 42(e) rehabilita80n expenditures federally sub6TdiZed ,0 s.c. 42(e) rehabilllatlM~....u not feder~1y subsfdlzed f 0 NDl fedlnz.1y C&ItlGkSIzed by reason or 4O-SO rulo tlf)dr:r cec. 42(9(2)(E) II PI AI:ladon Uject fDncnproit~ ulldet Me. 42{11X5}

Signature of Authorized Housing Credit Agency Off)claJ.-Completed by HouSing Credit Agency Only

.. Flrst.Year Certlflcatfon'-Compfeted by Building Owners with respect to the First Year of Ihe Cr,edit Period

7 ElIgibte basis of buiklng (see instructions) • • • . . . • . . - . • • • • • • • • 7

'1 Orttinal qualfled basis of the building It dose of ""t year 01 credit period • • • • • • • s. b Ate you tmaUng 1his building ~ pM ot a mUhlpie building project fot purposes of &ectioo ~ (Me I....-~-----

instructIonS)? • • • • • • • • • • • • . • • . • •• • • • • • • • . . • • • •• 0 Yes 0 No ta It box $a or bole 6d is checked, do you ~ct to reduce eligibte bali, under sectiofJ 42(~(2)(B)? .. 0 Yes 0 ~ b Ot) you ele<:i to reduce eigibla basis by dl&proportlonate CO&ts of non·Iow·lncome units(secUon 42(d)(3)O Ves 0 No

10 Check iha appropriate box for each election: a Elect to begin credit pedod lhBlII&t.year.ftvr the building is pJaCtd in selVlce (secuon4l2{f}(1») Dyes 0 No b Elaet nDt tb inlet iarga partnershfp as ~ (sectJon 042(j){5) • . . . " • . . • . • •• 0 Ve$ c elect nuntnum $8t-ask;e requirement (sectIon 42{g»)(5" instructiana) 020-50 0 -10·60 025·60 (N.Y.C. my) d E.laot deep-rent-5kewed prOj~ct (seetion 142(cI)(4)(8»{see lnstnJctfoM) 0 15~

. Now. A IeP«lt& ~A (Fofm"HOf). AnnuM statement, JOrNCh btlirdnQ musr be r~wilh the cotreIpontlnQ Form 86~

lor HCh yHrof 1hf11s.y.., complience ptHilx£ . For P.,erwon RMluctJo,. Act Notl.:e. ... ..... CIt. No. e!9&1U Fonn 8601 (Re .... 11-20(3)

p.8

III 008

'Ma~ 20 04 12:42p KILDAV REALTY t}512 475 H20

CORP 713 914 9439 04/22104 18: 44

~8609 lReY.~20(3)

TDnC,\ ll~DHRW.

Low-lncome Housing Credit Allotation Certification

~ The iwUGlIng 0WMr laUtt attach F'or .. 1101.,.. k .... ul. A (fOtIn 1fO'~ " Ie. t.lerall:!'IlOJIt UX ~urn.

l'owneP.rk In Klngstand o44lIFM2900

'_d. TCQ$ 78139 Fl!. II 00050

T80s ".partMent of tIOualng And Comm""ity Affalra P,O, HI»( 13941

C N&mt.1Iddte$a, TIN tI building DWMr ~ allocatSon Town.Park King$land Housmg Pal'ln*rs. Ud. t 11 0 ero.dway Ma,.,r. FaIls, Tau 786:H m.. 74-297..,24

Tn. 7811103941

~~cafM ltUIIbeIoI."cy 7 .... 2619542

TX-'00005001

1. Dale Of AllooatlQn" ~~ b M8)dm~ housing credit dollar amount dowable . 1b t---t~--"'----

Z Maximum appficab1e credit pe«:enlage alowab'le . • . • • • • . . . . . . • . •. 2 1--+--------

31 Maximum qualfied b.Sls. • . . . . . . • . • • . . . . . . . . . . . . ~ .. 3a b Check here ~ if the eligible basis. used In 'Ila computation of line 3a was JncreasBd under

the high<oSt area provisions of section 42(d)(5}(C). Enter Ihe percentage of which the eligible basts was Increased (see in&tlUCtionl) . • • , • • .. . • • • • • . • • • . . . • .

379,012

130~

.. Percentage of the aggregate basis financed bV tax..exempt bonds (If zero, enter .Q..) • • • • 0,00% . 6 Date buifdlng plaeecUn' servk:e • . • • • • • • , • • • • • • . ~ 7122/2fXJ2

, Cheek t". boxes thal describes the allocation for the buIlding (cheek thOM tNt applY): • Newly conslructed and faderatly 5Ub5idlzecl b 0 Newly tonsttucled and I10t fedecaDoJ subsidUd c. 0 ExlstirtO 8LJi1cing d . Sec. 42(11) rahabllitalon expenditures federally $Ubsldtzed .0 Sec. ~2te) rahabilUtiM mcpencrtu,.. not r.derally ~ , . Notfeder.Jy subaldlZed ~ ,.aeon or 40-50 rule under see. 42(i){2)(E) t., NIOcaIion tubject 10 ~_"Infef .. 42(hX5)

Signalu,.. of ~lhDrized HOUSIng Credit Agency Offlclal-Completed by Ho~sing Credit Agency Only

lk10er u,. .... tty ot 1*3WY. I dedete NI.1he aIIOQlIoII ~ is In comprlllllCl wII'i the rttpJlrement. of sec:ion 42 of 1he IrQrNt Re¥erwe Code. ~ ...... ~ of tis ronn and \0 "'1 of my kntJwIedge and '-'IiBf. f1IlnbtNIIof\ is lJue, cornet. ""~ .

.ww..~~oAF-.«.lIw4!~ ~~1.J.Y.I~~m.:"J.,!~~.~;..~.!!!.~~!!-..!~~!!..~L'!~~""'_R_'_''''''~''~'Y.: J,Qll a&._ . ..... ~1~Ofcmu =t Dale r

_ FI"'t-V .. , Certlfic.tlon-comple~d by Building Owners with rGspect to the Fit&t VS3.f of the Credit Period 1:1 .... . -1 EJip b1sf, ofbuiJding (~lns1ruetions) . • . . . • • • . • • • • . • • • •• •

8a Original qu.Hfled buJa of the building at do. of fQt year or credit periOd • • • • • • b Are you treetlng thiS buildIng a& part or a m~tlpta tblding project fOr purpo&eS of sectIon 42 (see

inatrudions)? • . • • • . • . • . . . • • . . _ .• . • • . _ • . • • . • . •• 0 Yes 0 No h If box 6a Dr boX 6d ia checked, do you efe<;t to reduce eligible baals under section "2(1)(2)(6)1 .• 0 Yes 0 No b Do you e~ 10 reduce ellglbte basiS by olSpropollio~e costs of I\OO-lOw-income units(sectloo -42(d)(3)O Yes 0 No

10 CMck 1he appropriate box for each election: . a Elect to begin credIt period the twIt year a!erttH) tlu~!.Wlg is placed in service {sectiDn 42(f)(1» 0 Yes 0 No b Bect not to nat large ~T5hlp u tppav-. (teetion ~Ol<S}) • • • • • • • • • . • •• 0 Yes e Elect minirmm set-a.ide requirement (Xdion 42(g)(SM II18tructlon&) 0 2~SO 044)·60 025-60 (N.Y.C. only) d Electdeep-rent-s1<ewed prole<:! (section 142(dX4){B»)(see.r!'l,IIIuction!il) .... _D.l~-1~ .... __ .... _._ .

Nnt.= A ~ ~. ~ (Form lUI}, AnfJWI StaI~ (rxuch bulIr1ing mcm be RlerJ with thfJ WlfBspoItlIit1a Form 66(19

Iornctr yew 01 the f5-yoan:omp/ience pedod. eM. N{>. '3115fU

p.9

IlJ009

'Ma~ 20 04 12:42p U4/22/U4 16:45

TownePMcln Ki.'artd 4OIFM2iOO Kingsland, Texu 7M3.

KILDAY REALTV DSI2 H!i 4420

CORP 713 914 9439 TJ)HCA L~DERW .

Low-Income Housing Credit Allocation CertifICation

~ TIJ.1JllfdInt own.r ,"VI! attadl Fo"" ... nd ,scllt6 .... A -"'}toIllllF,.raJI~"""'"

Tex.u DepertmMf of Housi", And Co,nmunlty Affairs P.O. Box 1394f .

C Name, addIQ", .t.d yj;"-d ownit, nICIIIW!i1 al/ocaliDn Austin, Texas 7111'1-3941 E~ idenlibtfon numberof agency

Town,Par1c K1ngsland Houa'", P.rtnet8. lid. 11tO Broadwty

140%510542

Unr. Fa ••• Tax ... ~

llN,. 74-2t140~ TX.00.05001 ~~------------____ -L __ ~~==~ ____ ~~~ ______ __

1a Date of AJJ0e8tion,. :!~,,¥!'o.!'_ b Mpmum l'loulrng etedit dollar amount allowable', •

% MaxlnUTI appHcable cntdlt paroentage aIlowabfe. • • • • . • _ • • • • . . • • •

3a Maximum quaHfted basis. • • . . • . • .'. • • . • • . . • . . . • . . • • • : b Crn,ck here IJIo0 if the eligible baais used i'I the computation of line 38 was increased under

the higJ1.coat ar&a prOVIsions of saetion 42(d)(S)(C), Enter tne percentage of which the eligible baliB was InCreased (see ~strudions). , • . • , . • • • . • • • • . • . . • • .

tb 156

2 8.22%

• Percentage of I'" aggregate basis financed by fax·exempt bond. (If zem, enter .0-) • . • • 0.00% S Date bUilding pfaced In s9fVica . • • • . • . • . • • , . . . • ,. Sl2S12OOZ 6 Check the bolte, that desaibes the aJIocation for the buildllg (check those IMt apPlY): ". _. a 0 Nnty COMIOJcted and fetkwatly SOOSIdIzed .b 0 N~ constNded and not federal)' lubsidfMd c 0 ~s~ Buldlng d B Sec. 42(8) rehablrtaliOtl expe~tur" ~y *"bslcllzed • 0 Sec. 42(e) rehabiliatlOtt expendltLKH not federally subsidized f Not flJderd'{ tu1);kSiz:ed by rnaon of 49-S0 Me undCt sec. 42(1)(2}(E) 9 0 Aloclllbuubjed ., nonpIOiIieIoaside lRJersec. 42{IIX5)

SlgiWute 6f Authorized Housing Cr.dit Agency OffJGfat-CompJeted by Housing Cre91t Agency O,nJy

UllcIat'~,.na/tr of'9CljulY, I dedMt1hll ... Ilb;aVon IMdIIIII'I compIIIlIICe wi1t\ U\e ~tmIN\lJ of..,.;tion 42111 IN InWmll ~ Code. IfId hi I Mve I of till fotm and 10 "Met or rrtf krnMledgllfId belle( It, InfoPmlGon IlINe. ClDrJect, 1M COI'f1)Ia •

. ,-... -.-!!:'!!!.~~.~~~"~~ ........ , .. , .. _ ... ~_!t 1 hJ_1 Q!t::. .. NI""{pINM~CI'IIMU ~ f .

_ Rrst·Year CortIftcatiOn..compJeted by BuIlding Owners with respect SO the First Year of the Credit Period

T Elgble bais or building (see insttUCtiol'l$) • . • • • • , • • • • • • • • , . • • 1

.. 0rigM1 qualified balls of the bulkling at dose of flrst'year of crec* period • . . . • • I-'.::.:.~ ____ _ b Ne you treating lhis building as part of B multiple bUd~ projecl for purposes of section 42 (.88

In&tnJctlona}7 • • • • • • • • • • , " . . • • • . • • . • • • • . • • , • • •• 0 Yes 0 No 'a If box 6. or box 6d i$ Check~, do you erect to reduce eligible bells undlr Hdion 42(IX2)(Bl? ,. 0 Yes 0 No b 00 you $led to reduce eligible balls by dlsprOPOr1~te I;IOSts 0' noo-Iow-income ooks{sactlon 42(d)(3)Oyes 0 No

10 Check tn. ~ bOX tor each e$ectiOh: . iii Elect to begin c:tedit period the 1iJst year after the tiuildirlg is ptaced in _rvice (aec&n 42(f)(1» . 0 Yes 0 No b Elect not to tiftt large parlnMsI\ip a. Wcpayer (ACtion 42(j)(9)) • • • • . . . • . . . ' .• 0 Yes

to Elect ~um iet·aslde teQuintment (wctioo 42(g»(aee instructions) 0 2OaS() D4(H;Q B 2HO (N.Y.e. onIVi d erect dMp-tent-ai<eWed project (sectiOn 142(d)(4}(B)(S88 Instructi0n5} l5-40

Now. A~. Schedule A (FomtMOt). Annual ~t fotNCh bOding must be IIIt.d with the ~ ~ ~

ioreach year of the 15-YMT ~ penad. For' ,.~ RedUdlon Ad Notlt., ... page 4. Cit. No, ~1U Form MOt (Rev, 11-2003)

p.10

rm()10

' Ma~ 20 04 12:43p KILDAV REALTV t!'512 475 4420

CORP 713 914 9439 U4/221U4 16;45

RKm 8609 (Rw. NovIIriler 2003) DfI:\INNnI d!No TI __ ury

1",~~Sl:Mt8(111)

TOnCA [NDF.RW.

Low·lncome Housing Cr.~1t Allocation CDrtification

".. 'nil buJJiJIIIQ...,.1' must attactl FONft MO, and Sc:fle4ul. A tFofftl~) 10 It. F"mi ~ Ux.~.

r ... Dapartmem of HGUtllhg Ai\d CommU"itv Afran P.O. Box 13141 .

. File I 00050 Austin 71711.3M1 c Namt. acfns. Md ownW raceMn; 4JoctrDl! Town.Part Kina-land Haualng P.rtnlrs.ltd. 1110 Bl'OId~ay Marbl. Fills. TeelS 78854

TIN. f,t.2$14D2" TX- IlG~S009

18 Date Of Aaocatlof\.. .EL~ ... b MaximtMn houtlng credit dollar amount allowable • • 10 31,079 ~=---+-~.;..:..:..;.~~

2 Maximum applicable credit perf#8n1age aIOWabH!. . • • • • • • . . • • • • • •• 2 . 8.20% ~~---.;;.~~-

31 Maximum quafitJed bQis •••••....•..•• . .•. _ • • • • . • •• 3. 378,012 b Check h~re J-0 If the eligible buis ~d. ln the compufcllion of Ina 3a was increased und8t 1----=..:...:..:..-----

the high-c:ost acea.provisions of HCtJon 42(d)(5)(C). Enter me percentage of which the .rIQlbla ba~ wa. ~ (Me InstrucII0n8J • • • • • : • • • • , • . . • • • • . • '. • 130%

-4 Pereentageotlhe aOgregat~ basla financed by tax-extnipl bonds (Jfz~ro, enter -0-) _ • • • 0.00% 6 . Date bulding pfaced to servtce • • . . . .' - . . . • • • . . . ... 7122J2OO2 8 Check the boxeS that d&SCtibes the alloc:ation for the buKd'~ (~ lhoae that applY): • ~ consIructed and #edC(ilJIy .... bSidizoed b 0 New1y oonstruc1ied and not federally aUbaidized cO ' existing Building d S&c. 42($) rehabilliation expelKlltures fecS.rally subekll~ed .0 Sec:. -42(e) rehlblbtJon expendltlJrII not federally eublilJiled , Not fedenlly subsJcllzed by .,.a.cm CJf ~ rue u~ BGC. ~E) g" ~S&IIIjed to MlIIpIOI. ... undlrllC. ~X5)

Signature of Authorized Housing CrecUt ~y OfIici.i-Compioted by Housing C~lt Agency onry

.. Flm-Yeat Cettificallon.compleled by Building OWners with 'respect to the First Year .of 1he Credit Period

7 ElIgible bur. of buirding (see inlbvotiona) • • • . • . • • . • . . . • . • • . • ~-:--t------..:.. 8a Of19hafquili1ied buls oUhe building at close at tnt ~ of credit period • • • . • . • . .,. _ . b PJe you fluting INs bVlldi~ as part of a mLlIUp~ buJlding projed foq)urposes of sectIOn 42 (see

instNCtions)? • • • • . . • • • . • • • • • • • • • . . . • • • • . • . • . .• 0 Ys 0 No ill Il boX sa or boK 6d is ch8d<ed, do you elect to recjJce eligible basiS under section 42~)(2)(B)? •• 0 'tes 0 No

. b Do you elect to reduce eli~ble bBSls by dlsp«>portlonate costs rI oon-lOw-incOme units(seclion "'2(d)(3)O Yes 0 No 10 Check the approprlat& box for each election: -a EJeot 10 begin credit perlod the rIM y.ar atler1he building" pIKed 1n lelVice (section 42(t){1». 0 Yes 0 No b EJect not to trntlatge partnersl1lp -I' ~~ (58cticn 42(j)(5) . . . . . . • . . . , ., 0 Yes .

c Elect miclnun aet-aside reqvlretJ1l)nt (HdiOn 42(g))(seo instru&tiOl\I) 0 20·50 040060 025-60 (N."'.c. cnfy) d Efed deelHOrt-akewed project (~ 142(d)(4)(B»(aaelnslJUCtions) 0 15-10

Note: A MparalB kHdule A {FomINOt1. Amu.tl StalllmetJl, tlrneh ~ must IJtt rllea With ",. C6ife~ Form lJSOIl

for each l!!" oIlhe 15-yNr compIance peIiod. .

p. 11

@Oll

'Ma~ 20 04 12: 43p U~/l2/U4 16:46

KILDAV REALTY er;12 475 4420

CORP 713 914 9439

Form 8609 (R.v. Novembet 2(03)

TDHC:\ [NDF.RW.

low..Jncome. Hous;ng Credit Allocation Certification

~ TIle widing GwnIf rnuu aIIacb Form 8IOt.mI Sd!cdiM A fFDfIII MOl) to IttI FMItal h\COfM ......... tn.

Tens beplltlM"t of Housing And ComrnunKy Affair. P.O. Box 1*1 ,

C NI~ acrcha.1NS l1H Q(~". 0WMf raulving

Town.P~rtc KIngsland Htxtsino P.tners, Ltd. 1110 BrOildwJy

Un', Falla, TtlCa 7"54 TIN,..

Tlx., 7'711.03941

1a Date of Allocation... .EB!'.!~ b M~um houma credit dollar .-mounhJlowable.. tb 31,158 J---+---~":'--

2 MliximlAm appl"alble ctedit percentage allowable • • • . . • . . . . • • • • . •• 2 8.22% ~~--.;;.:.;:;;;:.;:.:.......-

~. Maldmum q~ basis . • '. • • • • • • • , • • . • • • •• • . • , . " ., 3e 378,027 b Check her~ 'i2J i the eligible basts used In tho computaUon of line 38 was Incresaed Under 1-----:..;;.:...,--

the high-cost area provtllOns of sectJan -42{d)(5)(C). Enter the perce~ of which tne elglbI6 bS&i8 was increased (see lnatructlona) • • . . • • , • • , • • • ". • • • • • • • 130%,

4 Percentage of the aggregate basis financed by tax-exempt bonds (If zero, enter .. ()..) • . . • 0.00% S Date buifding placed In seJ'Vice • .,. • • • • , . • • • • , • • ~ &t2512D02 6 Check the boxe& that de5alba the eUoca1ioo Iorthe bu~n!J (d1eck those that apply):

, a NtwIy ~ and fede~ 8UbcJldlzecf b 0 ~y cono1Noted and not rcdefJlIy RbIkIzocI r: '0 Exisllng BUIlding d Sec:. 42(&) rehabllblfon expendM\ltes fcderIIIJy ,ubsJdlzed • 0 Sec. "2(.) rehablftatlon ~ net fedelally subPtized f Not fedetallV sub&ldlad by .egO" ttl ~SO rule under HC.. 042(i){2)(E) 1./ AIocaIon SaIlljed b JICqIn)It ~ ~* 42(b15)

Signature of Authorized Housing Credit Agency Off"rclal-Completed by Housing Credit Agency Only

Undet .... pe1'alV of ~. I dIcIafItlat IIw IIIoc1tion ""d. '$ '" ~pi:Inc:a wIIllhc ~nMWetI. 01 Hdion ~ al' I1e Jn1el!\al ReYetIu9 COde. anLf • ~ ex of tm fOrm ~d 10 beIlof ~ IaIowIedgund belief. the i~ioa iI eM, coned, end cornplde. ,

.. .. '.~ __ ~~!!!!!.~!..~~~!.~~~!,~ .. __ ._.~~.t,.~tfJ .. QJ J{11:-__ . ............ ~Uf .... ' i' 0.... 1

IIIID Flrst·Vear Certification-Comp1eted by ~ullding Owners with respect to the First Year of the Credit Period

7 Eligibte ·balls Dfbullding (aeoe il,ttudiona) . • • • • • • , . • • . • • • , • •• 7

la Ot'i~a) qualified *is of the building at ciose Of fim y8af a1 cmdlt period • • • • • • • L...";;..s.,;;",.",&,,,, __ .....;... __ b Are you treating this buiking a~ part of a multiple bui1ding project for purposes of :.ecUon 42 (see

IMttuctioJ1S)? • • . • • . • . • . . . • • • . . •• . • . . • . . • . . . • " 0 Yes 0 No fa Ifbax.~ or box Bel it cheCked, do you eJecl to raduce a~1bI8 bel. under sedion42(1)(2)(8}? •• DYes, 0 No b 00 you elett 10 reduce eligible basls b~ dlspmp¢rtlonale c::oIl$ of non-lOw.1ncotnc unlts(aectlon 42(d){3)O Yes 0 NO

10 Cht(;k the appropriaie box for each election: a Elect to begin ~ period the 11m year aile, tria bulldir'91J placed in sefVice (MerSOn -42(1)(1», 0 Yes 0 No b eact nDt to treat large partn.rshlp u taxpa~ (sectlOn 42(j)(5») . , • . . , , . . . . •. 0 Yes c EJect minimum sel·a.side raqulramaot (section 42(11»($H Instn.Ic1lons) 020·50 , D4fD-60 0 Z5-60 (N.Y.e. anIy) d EJect~ent·8kewed proieet (section 14Z(d)(4)(B»(leelnatrudlOnS) 0 1~

Cat. No. t3981U Form 8id9 (Rev. 11-2003)

p.12

fajOJ2

·Ma~ 20 04 12:44p KILDAY REALTY eSJ Z 475 4420

CORP 713 914 9439 04/22104 1,6; 46

FO/n 8609

ronCA l:NDRRW.

Low-lncome Housing Credit Allocation Certification

,. Tilt bulldil'lfl cwner mftt ~ 'Ofm uot Ind ~ A '''arm.lOt) lit III FtdttaJ ltIc:lMM r.x 1'81um.

Town.P~rtc In Klngtland 408 F.M 2ttJO

rlra. 11639 . FiI • ."

Twa Otpeft",.nt of Hou.rng And Conimunity MWs P.O. BOlt. '3!H1

C ~me,~. atJd TIN or bulldille owner Y'l!C2iving TOWJJeI'lirk KIIlgIJand H~lnQ P.ilf1nar •• Lid. 11 to Broact.vay Marble FaNs. TIQ. 7HIH

'TIN .. 74-281.-024

Autlln, Ttxu1l711-3141 ~1~nunk9fagency 7"-2i1~

1a Data of AlIoC8tlon,. 12/28/2000 b M~mum tlouslng credit dOIar amount allowable. • tb 31

2 MaxIm~ appllCablt credit percentage alfcmablo. . . • .'. • . . . . • • • . .• 2 8.27% 1--+0.-..----

3a Maxlmu~ qualified basil .. . . . • • . . . . • . . . . . • . • . . . . . .- .. 3a 379.ooa b Check here ~ if the ellglbJe bas~ usect'ln'the computation of tine 3a was iOCleased undor "'----.;..;..;.;.;;...;..;;..--

the higft.coat area prO\li$ions of section 42(d)(5)(C). Ent. the pel'(Mtage of v.t1lch the eflOlbfe basls was tncreased (see instrucUons). . . . • . • • '.' . . . • • . . • • • • .

4 PeJQK)tage or the aggr.gate baa& financed by tax-exempt bonds (If zero. enter -().) . • • . 0.00% S Oat& buifdlng placed In servICe • • - • . • • • • • • • • • • • .. 512412002 6 Check the boxes that describe$ the allOcation for the buikKIg (check thos& that appryr:-~-'" , a B r-c~ 'CbnStru(ited and federally subslcJlzed b [£) Newly constnJettd and not federaWy subtidad cOExisting BtJIIdIng d Sec. ~2(e) rehabilltaUOn 8KpendtlWel federally 8ubsklzed • 0 Sec. 042{e) ,..habiIOtion ~ndlWru Mt feder~ ""~d

. f 0 Not fedefaly aubliclZed by fUSOn of co.so rust undO' Me. -42{i)(2KE) g 0 Mocalon IUbject 10 ~ __ IIUitrteC. ~X5)

Slgn.~ ... of.Authorized Housing Credit AIJ.~Y OfftClal-Compleied by Housing ~it Agenf:/ Only . . .

. Unckr t!wi penalty of pet)My,1 deeM thalll1a aIIOCa&n rN* 15 In ~ wihb ~ Of 5ediOn 42 of the Inktnai Ravenut CedI. I hlWniII'IiMd of thl, mn Md 10 iheHltaf mt 1uIcwIed~ and bditf, aw infonnItIon 15 true..~, mid ~ .

..lO .. ".......:I&.I"II-'o<' .¥Ioolr. ~.!.Y!!~.~-'..:.~~~~~~V!!!~L ... ____ .2...._~ j "'.llat:H'_ NMII(pIInalyptorpMf) r- T

.. Flrst~~Nt' Certification-Completed by !Jui'ding Owners with respect to Ule Fltst Year of the credit Period

'1 Efigibre bull of bUl1din~ (see Instructions) . . . . . • . . . . . • • • . . . . . 7

Ia Original qualified basis of the bulking at Close of fbt year of credit period • • • • . . sa b he you tt6lliflg this building 85 p;Jrt of 8 mUltlpl& ~Uilding project for J)Ulp0&8S.of section 42 (Bee '---'~-----

instfUCtiona)1 . • • . • '. • • • • • • • . • . . .. . . . . . . . • . • • • .• OVes 0 No 9. ,lfbox6aorbox 6d Is cI1edted. do you elect to reduce eligibla basis undtt'5ec1lon 42(1)(2)(B)1 •• Dyes 0 No

b Do you .act 10 reduce eligJble basIs by dJspro~onete costs or non-Iow·income unlts(sKtlon 42{dJ(3)!]Yes 0 No 10 Check (he a~9 bdl(' for each eIedk)n:

a Bsd to begin cntdit period the first year after the buikfing Is placed in service {sectIOn ~(f)(1»). 0 Ves 0 No b EJect not to treat large partnetahip aa taxpe~r (eedJon 420)(5» - . • • •.•.• • • • • •• 0 Yes c Efeet mininun 381-81ide requtremem (aec1iJo 42(g)Xsee ins1fUctions) 020-50 Q .. O·60' D2S-60 (N.V.Co~) d Elect deep-re:w1caWed project (section 142(dX4)(b))(see instructiofl6) 0 lS~

Hate: A sapv.lfe kIJedUIt A .(FomI ID}. Annual sta"mfnf.lOrft~ b(lilditIg must bit ,",tI with the ~~ fonn 5809

for NCh ,Ya4I' Clf UJc 1!-yUf¢tJmp/iallCIJ pMiod.

For p~ Reduc;UDn Act NotJce, .... peg,4. Cal No. 83981U Fonn 8G08 {Rev. 11-20(3)

p.13

Fli013

'Ma~ 20 04 12:45p KILDAY REALTY U512 4;5 4420

CORP 713 914 9439 04122104 16: 41

~orm 8609 (Rev. NcHlftItI6r 2OIl3)

TDIfe .. , 1i\1>ERW_

low-Income Housing Credit Allocation Certification

~ ~ 1>Ulfd1", OWMr IftUSt .aKfl Form 1&01 afNI IlduIliule A [FOfrTI IIDI) eo fl. F.cs.rallncama talc. retllm.

TeXH o.Plrtmtntaf H~lng ~ Community Affair. P.O. Box 13M1

Fir. # 00050 Narre, IIddrat, &lid TlN d e.uIIdIng QM\8r """Mng lloc:aIioo

TowneP.rtt Kingslilnd HoUIl'", Par1".,., Ud. 1110 Broadway . M.tsJe FaU~. ruas 7.54

nN .. 74.291402"

AusUn. T~ 78111~4"

~ IdenIlIC8lIon 00'" oI'lOlIrt/;JI 7~·2&10"2

lX· 00-05012

1Q Date of Allocation.. ~~ ... b Maximum hou.lllg credit dolar amount allowable.. 1b 31,344

2 Maximum applIcable cradit pwc8fltage allowable • • • • • • • • • . _ • • . • •• 2 8.27".

3. Maximum quardied basis . • • • . • . • . , • . • . . , ' .•. • • _ . • . . : b Check hero ~ If the eflglble basi$ used In tllffcomputation of lino 3a was InCTOasoo under . the hlg~'COIl area provtsions of ~ion 42(d)(5)(C). Enter the percentage of which the eligible basi& was increased (~lnstructions). . • . • . • . • . • • • .. . . • • • • • , 130%

~ Percentage til the aggregate basis financed by rax·exemp1 bonds (if zero, enter -0.) • , , . 0.00% 5 Date bUilding pJaced in s«viCe • • . . • . • • . . • . • • . . ,.. &'2412002 e Check the boXH that describeJ the alloclation for the bUlding (dledl thOM that apptW:-- . • NfMy ~frudet;I Md fedtually subsidized It [2] Newt! eons1n.lcfed and nttl fedor~ IYbtkfJzed e 0 cpsling BUlldltlg d See. 42(&) rebabmtBtion ~ndiluros fedmIy ~11ed • 0 Sec. 042(e} reblbi(itaIiQn .~fM not federaI>J atbkllzed • NQt federally IIlbS~ tJy reason of <40.50 rule WlC$ef sec. 42(i}(2)(E) g" Allocation subjact1o~Hf.aXJe wdlfSec. .f2OO!5}

Slgnatu,.. of Autltorlzod HousIng Credlt Agency Off1c'aI--Completet1 by HousIng Credit Agency Only

Utdar U. P4''''''' clpetfUl)l. 1 ~ tw lI\e t1lcQtloo1Nld81s 1n complllnotWM ... tI ....... !s of MdiOI'I-42 of I\c Inlemll R4venue Caje,

I hIIIe eIC~ of !tis focmand 10 IIHt 01 mv ~ a1d belief, iIe infotmarjgn. w.. COI1Kt, n ~~

. .2""';' !cC?~!."..!!!!~_~ __ --ttJ.&! ·l£>"~---. flfllMfplerlMlporllfW' 1 · 011

II1II First-Year Certiocatlo~ComPIetec:i by Building Owners with respect to the First Year of the Credit Period

7 EI~'" baSi$ of buikllng (see In!ilTUctlonB; . • • . • • . . , • . . . • • • • . . 1-~"':'8a"-4-I--~--a. Original qualiied basis of the building at close of fttst year of credit peJi04 '. • • . • • ~ _ b Iva you treating thlo build Ing as part of a multiple building project fer purposee of sectiOn 42 (IS ee

. instruetiOl'lS)? • : • • . • • • . • • • • • .'. • • • • • '.' . . • • • • • • '. • q Yes 0 No Sa H box Sa or bo" 6d 1& checked, do you elect to Alduce eligi)Je basis under lGCtion ~2(1)(2)(B}? •• . 0 Yes 0 No b . 00 you elect to reducie eligible basi, by dispropodlonal6 CO$t. of non-lOwplocome units{sec1lon 42(dX3)O Yes 0 No

it) Chock the appropriate box for each election: . a EleeUo begI\ credit period the fd'St year after the building is placed ., service (section 42(f)(1». 0 Yes 0 No b Elect not to trNtlatge pattnershlp as ~yer{eediorJ 42~)(5» - . . • . . • . . . • .. 0 Yes co Eject minimum set-aside reqUIrement (&ectlan 42{g}X&te in&trucllon5) 020-50 0 «l~ 0 25-60 (N.\'.c. only) d El9m de9p-teN-skewed project (taction 142(d}(4)(B»)(S88instruction&) 0 15-10

c.l Ho. 83M1 U Form 1609 (Rev. 11·2003)

p.14

~014

'Ma~ 20 04 12~45p U4/22/04 16:48

KILDAY REALTY '0'512 475 4420

CORP 713 914 9439

Fwm 8609 (Rev. NoIIe~.r 2003) ~ltllheTrwwy

"IemIIR~~(ft)

'l'DRC:\ 11~DRRW.

Low"'~come Housing Credit Allocation CertJftcatJon

~ lh IM.IIIdktt own"'lIWtt ,u.cJt Ft)""" and klw4ula A (FOtl'tl "~to Its , ..... , ""OIM tIlA' rwtum.

~ T~ In Klng_liind 4Q8 Fill aGO

ltd. T.u, ""~9

Te ... Deparlmtna. of Houtlng And' CommunIty AITllIrs P.D. Bow. 13941

adIhu, ab:ab1 TowneAIrtc kfngs~"d Housing PamIrs. Ltd. 1110 8roadWay , Marble Fah. T&JW. 718S(

TiN ~ 14o-2!t74024

r.xa5 717f1~1M1 ~r idlntifil:allan IM'ItIer of ageney 7~81OS42

TX. 0iHlS013

1a Date of Allocation .. 12'2812000 b ~mum housing crelfit doNar amount allowable.. 11:1 ~-+---:..;.,.,:".:.....--

2 Mex1mum oppllcable credit percentage aHowable • . .. • • . • • • • • . • • • •• 2 8.27% 1""'--+------

3a Makimum qualified basis. • . . . • . . • . • • • • • • . •. . • • • . • .• 3a b Chetk here ~ if the eligible baai$ ~ed in the wmpLltatJon or line- 3a was Increased under

the high·cost area provision; of section 42{d)(8)(C). El1Cer (he pe~ge of which the eligible baSis was increased (see ~lUdions). • . • . . • • • • • • • • • • • •• . . •

319.008

130%

.. PerC&~ of the aggregate basil In anced by \ax-exempt b~rm (If zero. enter.o.) . • .... 0.00% 5 Date building placed In sarvlce . • . • • • • . • • • . . • . . • 5I24'2OCJ2 6 Check tile boxM that deeaibe5 the alJoc:ation to; the building (~ those that spp1y):"--~ § Hewey ~tArcted and federll/y $Ub$ldlzed b 0 Newey c:onstruc:ted .-.d not fedet.fly ~ubsJdIZed e 0 ExJstinQ BuIIdng d Sec. 42(0) r.bililation expenditUres f8d8JiJUy sWIIdized • 0 s.c. 42{e) At/labllltallon expendturea not federaIfy S\lb$IdCed f N04 t.derally subtidiled by rpsan of 40-50 Rile under sec. 4t2(i)(2)(E) U 0 HIDc::Pc» Ujed to ~ SII-aIIcIlt U/1Ilet .. ClhX5)

Signature of Authorized Housing Credit Agency Offh:ta'-Completed by HOOting Credit Agency Only

lJnMrthl peNfty fA PI'fWY. , dtc*. __ h doc:aIi9n mecr.ls in complllrlCCl wIIh the requlremetMs Of l~ 4f elf b1lnClfMI R.-,ue Code,

end that I have eJamined Part I of ..... fontt and til lit Of"'i IlnaMadI)e and MIief,IIe Inbmaion Ie ....... c:otl'fCt, ."d ~1tIt.

a .. ..~!~!~.:~!r!.~~~ ... ~.!.~~"!.~~~r~ ...... _-'.._.!.~tt 161.J. }~~_ .. , ~(""'In»arprilll) f DlCt1

.. FiI'$a..Year qertificatic~.completed by BuUc(mg Owners with respeCt to the First Year of the Credit PerIod .

!:J 7 Eligible ~sis of building (M. ina1ructiol"lS) • • • . • . • • • . • • . • • • • • •

'a OrigJrlal quelfied balil of the building It close of. first year of ctedil periOd • . • • • . b Am)'GU truting this butlding 88 part Of B multiple building project for Pwpose6 of HC1Ion "2 (He

inttJuc1iont)? • • • . • • • • • • . • • . . • • • • • • • • • • • • • • • . •• 0 Yes 0 t<f() .. If bole sa Q" box ad " checked. do you ..sea to reduce Ilgible basil under seCtiOn 42(1){2}(B)? •• . 0 Yes 0 No

b Do you aIact tp reduce eflgible basis bf dispropOft.,... colli of norHow-inoomo unitS($eClion 42(d)(3)O Yes 0 No

10 Cheek the approp,la1e 00)( fot each eleCtIon: a Elect to begil cred'rt per10cj the fltSt year lifter the building it plated in 1CM;e (action 42{f)(1». 0 Yes 0 No b Erect noc fD 1reat large partnersbrp as tavpayer (Mdlon "2(J)(5» . . . . . . . . • . . .. 0 Yes C Beet ~m s~ ~ (sectic>o 042(O»)(se. instructions) 0 20-50 040-60 . D2HO (N.Y.c. only)

d EJed dIIep-nt,.·1ICeWed PJOJe'" (s8ClJon 1"2((t)(4 )(B»)(aee _lfVCtions) 0 15-040 Note: A apa,*. ~ A (Form HOt). AMUA' ~nf. foreech buidittg muaf be fifd ~ Iht ton'NJ)OMInQ Fomt IG09

IQrfNICh ~ 01''''' 15-)lNf~ period. . For P.ptfWOrk bd~on Act NDtJca. ... page 4. Form 1601 (ReY. 1 \·2003)

p.l5

IlJ015

'Ma~ 20 04 12:4Sp KILDAV REALTY CORP 713 914 9439

04122104 16: 48

F~ 8609

1$'512 475 4420 "l'DHCA 1;~1)ERW.

low..fncome Housing Credit Allocation Certification

~ tilt bUlldineowner mUI! abclt FotnIlCIl and

Scbedtde A IF,*" """.0 1M F .. rallno9m. AIt '''IInI,

me.. 8Wl1I llge~ BUilding: ~4 114 of 1St) TeXIs De".rtme~ of Houllno.AlTd eommunlty Affah

P.O. Box f3141 File. 00050

C N,am.. ecJd'1'Ia. and TIN or ~I OWnlt me.Mno Iloc8ion

.townePark I<ing ... nd Housing Partners, Ud. 1110 Broadway MarbItt Falls. rtl.71&54 'Btl ~ 74-28141124

Austln, Ttllls11711-3Mt o EmpCov_ldtrIIillcaUon fI\ll'nbtr or agerv;;y

14-.26.1~

1. Date of Allocation ~ .. ~~ b Maximum houtln9 ad ~Jar amour)( EMIowable. •

2 Maximum applicable credit percentage allowable • • • • • . , • • . . . . • . _ •

31 MaXJmum qUall1ed bills . . . . • . . . . • • . . • • , • . . . • . . . . _ . b Check here ~ if the eliglb16 basl, USed in the computation of BnB 3a was increasod under

the high-co$t arM: proviSions of ledion 42(d)(5)(C). Enter the percentage of v.f\leh the eigl~ buis waa inaused (lee fn6tructiOO$) • . " • • .• • • • • . . . • . . • _ • • • • 130% .

4 Percentage of the aggregate b~sfs inanced by tax-exempt bond$ (If zero. enter -0-) • • • • 0.00% IS Date building plaoe<11n service • _ • • . • • • • . • _ . . . • • ~2II2OOl IS Check the boxes thai descrlbe5 the alloc:aUon for the buildJncr (dledc those that ap~-a 0 \ Newly coostructed end federJIy subslctl2:td b 0 NMy oonstruc:t.d and not federally ,ubtkizad c 0 ~ BuikIng d 8 Sac. "2((1,) ~habfilauon l)(J)8l1d/tuteS 'ederalty lub~ed .0 soc. 42(e) rol1abilDtion ~ not tederaIIy slbsldized f Not f&~'y $Ub5IdIzed by reMan eIf"~ "'" IhM1' Me. 42{Q(2)(E) g 0 M:Icatln IUbJed» 1lOAPdt 1Iks1de1Kldelac. .qh)(5}

Signature of Authorind Housing CredIt Agency Offlcfaf-Complated by Housing Credit Agency only

I1I1II Firat-Year Certlflcation..completed by Bulking OWners with respect m the First Year of the .Credl Period

1:1 1 Eligible baJisofbuildilg (tee instrucGonfi) • • • •• , • . . • . _ . ••• - • •

I. Original qualiflld buis oflle building It cruse of IirIt yell' Dr oredt peflOd • , . • ; . b Are you Claaling this bulldlna as part of a ",l.IIUp(e building project for p~ of section .. 2 (See

Il\StnICtiOn&)? • • _ • • _ • • _ . . • • . • • • • • • • • • . . • • . • • . ~. ·OVes 0 No t. If box 6a or box C5d is dleck8d. <to you elact 10 ~uee eigible basis under HCUon 42(I)(2)(B)? -. 0 Yes 0 No

b 00 you Met to reduCt 61g1)1e baSi$ by dlsj)topoltk)nat. coats of non·Jow.incom. unili(sectioo 42(dX3)O Yes 0 No

1. Check the fll)proprtate box for 'each _tiM: • EIe<:( lo begin cted.it period tile fj~t ye .. a1ierthe bU~g is paced in eElNice (section 42(f){1». 0 Yes 0 No b Elect net to trellUatge partnel'lhlp i5 taxpayer (flection 42(1)(5) • . . • • . • • 0 Yes . c elect minimum srst-uide ntqtitwt'llel'lt (nctJon 42{g)Xsee ina11\JCtiQnJ) 020-50 010-60 025-60 (N.Y.Co only)

d 8ectdlMp-nint.-skewed project (section '-i2(dX4)(B)Xsee in8truc11onS) .. 0 15-40 NoW: A ~ $Ch"'~ A (Form I«19J, AIIriu4' Statftntnl, foreach buidinQ IftfUl be fried with the: CI''"'~ Fotm 8SOg

Iorfl~ YHrotttHI15-}'HfOCJmf1llanca period. .

p.16

~016

·Ma~ 20 04 12:4Sp KILDAV REALTV B5J2 475 U20

COR? 713 914 9439 04122104 16: 49

· F~ 8609 (RoY. Novambw2(01)

Ot~ct .. T/8t5UIy

INefnal Aao;..,.,. s.noc:. M) .

Tow~.rk In KIno-Janet . 4OfFMZ!OO

TDUCA tNDF.RW.

low-lncome Housfng Credit Allocation Cortification

~ 1M building ownar mllSt.ttllch 'onn Mot al1Cf Schedule A CFQf'ITI Mo.) 10" F"", ~ hit rlfutrt.

KlnQ$land,.1~~s.1~e39 File. 00050 C NaIne. IIddreA. and llN 01 1M*", ownli reoIIMno a/l0CM»rt Town-Pam Klner-Ind HOb.'n; Partners, Ltd, 1t10 Srolldway M.rb .. '.11 ... Teds 78654

l1N.. 7.4-2974024 . TX .. 01).05015

141 Data of Allocation... ..!~2.!!!. b Ma)(imum hOU$ing tadlt dolar amount dowable. •

.2 Meximum appRcable credit percentage aiiowebSe • • . • . . • • . . • • . • • • •

3. Maximum qualifted basi,. . . . . , . . . . . . . . • . . .. . , . . . . . • b Check here ~ If the eligible baSie U$cd In 1he computation of nne 38 was IncreaS&d under

the high-COlt area provision, of MG1ion 42(d) (5) (C) • Enter the petCentage of which the'eligible basis was Increased (see inlb'ucUons). • • • . • • -: • • • . • • • • . • .' • • •

fb 30,156

2 1.22%

4 Pen:entage of the aggregate basfs tfAaflced by tax-exempt bonds (If zero. enter -0-) , . • • 5 Date bui1d~g placed in service . . • . • • . . . . • . . . , ." ~ 612512002 6 Check the boxes thst describes the allocation rorthe building (che,* those lhat appW--I B Newty COMtnJdad and f~ly subsldlzed b 0 HewIy constructed If\d not ~e~ lubsklled c 0 Exis1Ing BulldirG d Sec. 42(e) I'thaIYIIlatIM txpendlllnes IedefaIfy a\lbiicizad • 0 Sec. 42(0) rahablltltion ~lUra not .,., • ., 8ubaJd~ , 0 Hot fwderaly 'lJbs~ by reason of 4ID-50 rule under Gee. 42(i)(2)(E) 9 81 AIIoc3Ion II.CljaCf 16 ~~ ... under see.4ah)(S)

Slgn.tUre of Authorized HousIng CredliAgency Offlclill-Completed by Housing Cr~ Agtncy Only

_ First .. Veat Certtftcation.completed by'B~lding Owners with respect to tlJe First Year of the Credit Period

7 EIig~ baai:) of building (see ~ions) • , . • • • • • • • • • • • • • • • • T

II Otigtnal 'qualified basil or tM bUilding at close oJ IrSt year of cradit period ' . • . • •. . 8. b Ive yoY troatIng this bWing ft$ part d it mufflpftt bUDding proJeCl for PlI'po&e$ of secUan ~2 (see '--'-~~---~

instruction')? . . . . . . • . . . • . • • • • . . • . • • . . . . . . • . • ". 0 Ve$ 0 No 91 If box e. or bOle ~ i$ checked, do you eJect to nKttce eligible beals Under sadlon 42(1}(2)(B)? " 0 Yes 0 No

b 00 you .Iect to red uce ellglbta basi5 by d5spropMlonate CO$ls or ~tow-lncOme unlts(seditin 42(d)(3)O Yes 0 No

10 Check the appropr1ata box far each eJection: a EJect 10 begin cred~ period tis first year after the building it placed In service (section 42(1)(1» 0 Yes 0 No . b Beet not to treallaflJ8 partnership II taxpay« (HCtIon 42(J)(6» :. • . . . . • . • . •. 0 Yes

c Elect minimum sat~1de requiremeM ($9Ction 42(g)(see In6IIuctlol1$) 020-50 040-60 025-60 (N.V.c. onIV) d eJect deep-rent,;sk~ project (~ 142{d}(4)(B»)(see Instrudlons} " 0 15-~

Now. A ~ Sc"~ule A (Form .,,). Annual SlaItatnMIt. fM HCh buJkIing muaI be IRed ,With"" eotrespgnding Form ~

/offnlch yesrolu..15-yPfc;omplIant» ptlrIod.

p.l?

raJOH

OM a ~ 20 0.. 1 2 : .. 7 P KILDAY REALTY ft512 475 4420

CORP 713 914 9439 04/22104 16:50

Forftl 8609 (Rtv. Novemb8r 2(03)

~ ... tlI\eTI'I!*SIJ~

1"1eM~"""~(ft)

Allocation of CredIt

TDne.-\ tiNDERW.

low .. lncome Housing Credit ,Allocation Certification

... 1M buildf"tll .wnw mud atllc" Foma I80t and Sl:liHu'-"(FOmlIlOt)t. W. 'ICIIraJ IncDllle to r"lIrIl.

Town.ParIc in kIrIgttand ~.FMZ9OG

. Texas "hi Fir." 00050

Tou DePlrtment of Houalng And C~unlty AfWrs P.O. Box 13141

e ~. acJ<hes.. and l1N oCbuNnt ownerttee!<Me a!loallon Tovm,P'rK ~fnallanU Housing Pal1nllrs, Ud. 1110 BroadWay . Marble Falls. T ..... 78S54

lIN,. 74.2974024

To.. 78711-3~1

. TX· 00.05018

18 Date of Allooation ~ ~ .. 1!~ b Mectmum houIfng credit doIat amount allowable . 1b ~-+--..;.;.;~...:..--

2 ~ , . 'mum appicable Credit pefCentage allowable. . • . . . . . . . . • • • . • •

31 ~um qualified basis • '. • • • . . • • • • • . • . . . .. • . . . • • • . b Check her. 1;2] if the eligible basts used In 1he computation of line 38 was Incraa.se(J Under . the ~Gh-coal area provlsiona of tedion 42(d)(5)(C). Enter the percentage of which the eligible b'$i$ was incteased (see Instructions) • • • • • . • • . • . . . • • . • .• • • •

2 '.20%

130%

4 Percentage of the aggregate ba.1is Inaneed by l$x .. xempt bond. (If zero. enter .()..) • • . • 0.00% a Date building pJaced In service • . . . • • • . • • • . . .' . • ~ 1122t2002 6 Check the boxes that desal)es the allocaion fOr the bulld"'g (check Ima that a~p-W-"" • 0 Newly c:onstrucied and f80elClfly subsidIZed b ill toleMy' con&truc9d 8rld not federally subsidfzed c 0 Exlstklo BliIding d See. 42(ft) rehlbiNtaUon c=rpendieures federally IUb8I11zed • 0 Sec.4.l(t) rehabiilatioo ~ not federaltf lubaklzed f Not fedenily aubskaled by teI.on of 40-50 nde UJIdN sec. "~(i)(2){E) Q J AIlot:Ifan ~b ~set..asldetniet_ "~X5)

Signature o' Authorized Houllng C~1t Agency Offic!al-Complete(1 by Housing Credit Agency Only

Under IN pel\aJIy of~, I deeM '* U. alloeat/ol\ II*Je "In ~mp4IMCe Mh IMllqUintmtnll at .... ~2 rib lIb\aJ~enut Cede. lind tIIf I r.... I of this fQnn and Cotho or my ~ and beii.f.1ht ~ II trw. COI'rfCt. and oomp!ete.

....... "' .... !:,.I.,;;;= __ •• dwl~_P. Ca~_ngt~~~,~~.2~ ...... , ... __ l .. 11 \ ~la1:l:~ __ N.tIe(ple..el""Ot~' -9' ~.

all Fkst .. Vear Cettlf.catlon-Completed by Buikiing Owners with·tespectto the FlrstYeaI of the Credit Period

7 eligible basis of bUilding (see !n5tructlons) • • • • • • • • • • • • • • • • • •• . - • • 1--:7~ _____ _

Sa Original qualified ~Ia of the buUding a\ c!os. of firet yelJ of cradIt period • . • . . • . • • • ,--,,-8a~ ____ _ b Are you fleeting this buildll1g a5 part of 8 rnulliple bulldlriQ projeCt for purposes of sscUcn42 (see

inltruCtlons)? • • • . . • • • • • . • . • • • • • • • • . • • • . . • • • • .• 0 Yes 0 No ta If box Sa or box 6d Is chtcUd. do you ~lect to reauce eligble basis under seeflor\ 42(1){2)(8)? •. 0 Ye$ .0 No

b Do you elect to reduce eligible ba.$t$ by dispropa1ionate allIS 01 non-Iow·lncome uril${S8CUon 42(dK3}O Yes 0 No . 10 Checf< the apprOpriete:box for eect1 eiectlon:

• EleCt to begin credk period the 11m year after the bonding Is placed in eervic:e (sectlon 42(f){1». 0 Yes 0 No b Elect net to tteat farge partnership as ~r {section .c2(j)(6») • • . • • . . • • . . •• 0 Yes c EJeCt minlnun set~sJde requirement (secUOn 42(g»{see nirucuons) 0 Zo-5O 040-60 0 ~S-60 (N. V t:.. ooIY)

d Elect deeparemt-sJcewecl project (sectIOn 142(d){4XB)}{see InstrucUcns) 0 1~O Itot&: A 5(1pll1lle Beftedw. A (Fonn not). Annu.l Sialem6"" (or-NCh bcIIJding mus. "frIecI wIh Ute cCtrflfXWJing Form BdOQ forHch yuroffhe 'S-yG4ft:Dmpif.nce paffod. Fgr,..f*WUfk RllducUon ACl NOIIce, ... page 4. Cat. No.83M1U Form 1109 (Rev.1'~3'

p.18

~018

·Ha~ 20 04 12:47p 04/22/04 16:50

KILDAY REALTV 'lt512 475 4420

CORP 713 914 9439

Fonl1 8609 (Rev. NoY8Mber 2(03)

'~tOl''''T/eRCIIJ trI~ Rlnnue~{tg)

TDIlC:\ U~-oF.Rw..

Low-lncome Housing Credit Allocation Cer1Iflcatian

~ TM tllllldiltV VWMf mUit ItIKb for.,., Inc! ScMdufe- A (Fotnt lsot) to ~ FecWallnCQIM tn: return.

THai Deptrtment of Housing And Community Affail1ll P.O. Box 131M1 .

Fir. II 00050 c ~. and TIN owner ~ alJocaUon TownePat1( KingslMet tfousrng Partner$. Lld. 1f10Broadwat Marble ,.If,. llX. 78654 'rn ~ 7~2"4024

Au&tJn. T.Ka.S 78711-3941 EmpiDyar Id8ntir~ llIm1btrol."cy 7<4-2110S42.

1. Dale of Allocation" ~SI2....!..O!.. b Maximum hou8ing credfr don*: amount. allOWable •

2 Maximum appl~ble credit percentage allowable. . • • . '. . ~ . • • • . . • . . .

3a Maxilt1un qoaIJfJed bula. • • . . • . • • • • . . • . . • • . '. . • • • : . .

1b

2

82

b Check heTB ~ if the eligible basis ustKIln the computatlo'n of line ~a wu Increasoci under the high:cost area provisions 0( section 42(d)(5)(C). ~ter the percentage of whJcb t~ eligible baais ¥iN ~&ed (see Inltrudion$). . • • . . • . • • • • • . • • • •• . • . 130%

4 Percentage of the 1IQ9fegate basi, financed by tax-exempt bDnds (If zero. enter -0-) • . • • 0.00% . 5 Dale building placed in SMViCe - _ . • . . • • • • • . . . , • tp 7/2212002 & Checfc the boxes that desClibes the alloc;atjon for the bulding (check those thai ~ ... -~ ... -a 0 Newly co~tMittd and fedeta1y subsidi~ b El Newly COMtruaed and not ttderany 5Ubsid~ ~ 0 Existing Building cf B See. of2{e) renabII~on eJlpefldiiul'8& federally IUbaidized • 0 Sec. 42(e) rehlblitaUon ~ndIt ... not fedela1lV SIJbIidJz.ed f N~ ~odcrily aubaidizwj by ,~n of 410-60 rule uncSer sec.. 42(i)(2)(E) g 0 PIocMion SIlbfect to ~."'IJ\dIrMC. 42(h){5}

SJgnature of Auttiorfzed HouaJng Cr«llt AGency OfflclaJ-Completed by HOUSing Credit Agency Only

·Ia. First·Vear Certlf"lCation-Comp\eted by Building owners with respect ~ the First Year of the Credit Period

7 8ig1rJ& basis of bulfcfing (He instruction_) • • • • • • • • . . • . • . • • • • •

Sa Original qudtled basis of the blliklng at close of fir$l yeil of credit pettod • • • • • • • 1:-1 ~:

b Ate you ttelting thia bulldlni as part of. multipSe building project for PUfC)OHS of seeoon 42 (see . lnabuctlons)l' .' . . . . . . . . . • . • . . . • •. . . . • . . . . • . • • .. . 0 Yes: 0 No

9. Ifbox 6a or box 6d is checked. do you elect to r8duce eligible blsis LInder section ~2(1)(2)(B)? ., Dves ONo b Do yqu elect to reduce eligible baats by disproport!otla,e costs qf non-Iow-Jncome units(&ectlon 42(d)(3)O Yt!5 0 No

10 Check the apprOpriate box 10r each eIedIon:

• E1Dct to begin aadlt peJiod the fitS! year .ftfrthe bUiklng Is placed in HNice (Ieclion .t2(f)(1»), 0 Yes 0 No b fled noc to treat large partnersh1P as taxoayer (seCtion 42(J)(5» - • • • • • • • 0 y~ . c Elect mlnJnun set·a&id, requnll'1ftnt (section -42ta)X8~ Instructions) 02D-SO ·0 4~ 025-60 (N,Y,C. ofty) d Elect deep-renl&.k~ project (11lCUon 142(d)(4)(B}Ksee 1ns1iucUons) 015-40

Not.; A sePll'lft £Qhedult A {FonD tID'}, AnnUal m.wment. 101' each btJitjng mus' be tiJlJd with the ~,pon<InQ Form 8609

forNCh)'e" ofUie 15-yNi comp/iMce ~liOd. Forme6~ (R~. 11-20(3) . Cat. No. G3M'U

p.19

@019

·Ma~ 20 04 12:49p KILpAY REALTV '6'512 475 4420

CORP 713 914 94~9 04/22104 16 = ~ I

Fonn 8609 (Rev. November 2003) .

roue" 1:~DERW.

Low.ancome' Houling Credit Allocation CertificatJon

• The buVdlng OWIIII fhUlt atII~h ':om 1101 •• d .

ScNdy» A (Fonn 11M) 10 Ib; p""" iaQo"", •• relum. ,

Teas Dtp.mnlnl of Housing And Commul\fty Mairs P.O. 801( 13941 Austin, TIDS 71711-3'" Etn~ iderdlcalion numbM ~ &g.ncy

. 1 ... 25105<12

nc.OO.()5Q18

18 Oale of ARa~tion.. ~!~ b M83cimum housing credit doU.r amount allowable •• 1b t--+-~~.;;...;;...--

% Maximum applicable credit percentage allOWable • • • , • , . • • • . . • • • , •

3& Maldmwn quafified basis • . . • • . . , • , . . . • . .', . :'. . • . . . • • b ChICk hQr9 ~ If the eligible bell, uee<f ill the GOmputatlon of Nne 3a was Incraasad under

the high~COIt aras proyilionl of uctJOn 42(d)(5)(C). ElUt the percentage of wflit:n the etigible baSlS was Increased (see In$lnJcttont) • • • . , • • • • . • • • • • • • •• . • •

2 8.20%

130%

4 PMCentage of the aggregate basis financed by talt~xompt bonds (If zero, enter -0-) • • • • 0.00% 5 DaE bUilding pICac&d In service • . . . , . • , _ , . • , • . . ... 71291ZOO2 6 Chock thA bo~8 that describes the allocation for the bUilding (<:heck those 1I1at appW·--' . • 0 Newty oon&1nIoted.oo federally IIIUbsidked b 0 Newly conslruUad and no& federallY .UOSIll1Z&(f eO ExIstIng BuIlding d 0 S.e. 42(8) rehabilitation erperdlures fedefalty s~ .0 Sec. -t2(e) rehebilltalion ~ltUres MtfedeCiillly subsidized f P Not f~!y IUbsIOWld by rallOn of 40-60 rule under ,eo. 042(i)(2){E) 10 Ab:aIan sub)!i:t." nonprafttw.side undetsec.. .~)(5)

Signature of Authorized Housing Cr.dit Ag.ncy OfflCI.I-CDmpleted by Housing Credit Agency Only

1Jndailh8 peI1IMy 01 Pl'ttMY. I dedIfe ht fill ~ Nde J.~ CoCIIIIPIiIr1ee YIIln 1M ~ tI Mdio,,'-2 ~ (he ln1emlll R-.. COCJe. Nil hiw " I or lhIS fann iftd ~ !nO II 01 m'lli:na.-d~ and bIief. IhI itIfotmIUon iS1rue, COtrel:l, arid COIIIplcIc.

~~oJbtr""""w.a.i~_Ld..~~_l'~,M,_· . .~!~£!!..~~J.~~!.!!~'!' ___ t._~QII0.'t .. " , ....... (pIwMl)'peorlJlllll) ",..,"""" , .

. I11III Fnt·Ve. ttrtification-Completed by Building Owner$ with re,'peel to the First Year of the Credit Period .

7 Eligible bnis ofbu)lding (Me intlNcion,> .•. , . , , .. , • , • • . • . • . . • I' 71

8a Origi~ qu,~fted basis of the bUikrJllg at close of lImt year Qf CI'Idit peOocI • • • • • • 1-<--.::..,-.0.. +",,=========== b Are you traatwlg this building .. pGrt of a multipla building project for ~ of section 42 (see

insttucI)on.)? • . ' . • • . . , • • • • • • . , • • .. ' • • '. , • • • • • • • •• 0 Ves 0 No la U box 6a or box 6d is chad«tdt do yoU elact to reduce ellglbll' basis undtf seetion 42{1)(2)(S)? ,. 0 Yes 0 No b 00 you elect 10 reduce e/igitW basSe by d~nale CO&I$ Of oon-'ow-income ttnit.s(section 42(dX3)O Yes 0 No

10 Check 1M appoprtate boX for each eS8ctian; . • Elect to begfn ctedI peJiod the fnt yeat .rthe building is pIIc:ed in SIHYi:8 (secUon 042(1)(1». 0 Yes 0 No b Elect not to treot large partnerlhip u talq:Iayer (.-etion. 42(j}(5) , . , • . , . . 0 Ves c Elect mlnlll\C.ln set-aside ~t~ (UCIIon "2(g)l($e8 il'lltructionl) 021)-50 010-60 '0 lH'D (N.Y.C. only)" d Beet doep-rent-skewed proj8c;l (&eetlan 1C2{Cf)(4)(B})(see Instruetlons) 0 15-40

Note: A sef)lf'llte Sc:fRIdufI A (Form ,6D9), Nlnual SIa,.menl, ror each bllfJcJlng mull l» tried with fbt cal1e~tIttg FOrm 1609

b'.actr rur otfhe '&w~ period. .

p.20

rlJ 020

'Ma~ 20 04 12:48p I<ILDAY REALTY CORP 713 914 9439

Fonn 8609

TOIlCA CNDER1\'.

Low-lncome Housing Credit Anocation Certification

• n. a.uJldI". owner .. 1111 atCM:.Ia Form HOI .. "d SchUufe A (FOtrII"", to K$ FtlfHlllAcom, * tflUm.

TnwnePar1( In KlftClland 408FM29DO Klng,laad. r.xas 11631 FUe' 00050

TexIS Dlptmnent of Housing And Community A1fI,JI P-O. 8rur: '3M'

C Name.IddnI_, and oflddlng owntf ~ aIIocaUon TOWIWPMf{ Kingsland Hcus!"" Partners. Ltd. 1110Br~

Marble hils, Tqn 7~

llN • . 74-029r40~

Aultlrt, Tnu 717114941 . E~ idec1*a1ion nUlMa' ~ egeney 14-2110542

TX· OO~501g

18 Deta of Aliooation • 12i28120DO b Maximum housfng credit dollar amount aMowable.. 1b I----+-~-....;;........,.:...--

Z Maximum applicable credit Pefcentage allowable. , • • • • • • • . • • • . • . • 2 8.22% ~~-.....;;.;~~-

381 Maximum quaified basi$. . . - . . . . . . . . . . . . . .. . . . . . . " 3a 368.861 b . ChBCk here ~ if the eligible basis used in the computation of Kne 3a was Increased under i---";:':;':;';';;"";;"";"-_

the hlglH:ost area provisions of 5edJon "2(d)(~)(C). Enter tha pe~m. of which the eligible .basis was increased (see in8lrUctiona). . . . • . . . • . • • • . • . . •• • • • 130%

4 Percentage of tbe aQQregate basis financed by tax-exempt bond~ (tf zero. M1er..()..) .' • • • 0.00% 5 Date bUilding pJaced in service . • • . . • . . • . . . . . . • .. tJ25I2Ooz , Check the boxes that describe8 the .Iocation for the bUlding (check thou thM ~:--a B Nawty amsttucted lind faderaIIy subsidized b 0 Newly conatvded aM not federally lUbtldized cOExisting 6UHdIng d . Sec- 42{e) renabfIltdor1 expuf1~IUAJ8 federally 8ubsJdizBd • 0 Sec. 042(", rehabililaion ~nditu". not ftdiral1y sll.\iid~ f 0 Not fllderaly aubSlcRzed by tealon 01 ~ rule under IIC. of2(i)(2)(E) 9 ttl ~ MIIIjeCt to~SIIIaide 1J1dereec:. 42(n)(5)

Signature of Au~ Houslng Credit AgMIcy'Off"~~ploted by Housl1lg Credit Agency Only

NoCe: A"~ ScMdule A (FonrI HD9),. Annual ~', fore&eh bu1king must b(l1iW with tht C~ FoIm 8609

Cat. No. 83Q11 U FOITtI 880t (Rev. 11-2(03)

p.21

@OU



Georgetown, Texas

Tab 6: Scoring


Development Cost Schedule

Rent Schedule

Letters of Local Support - to be provided under separate cover

Compliance Audit Letters for San Gabriel Crossing (76 units) and Park Ridge Apartments (64 units) and TownePark in Fredericksburg (88 units)


Tab 6

IX. SCORING

Pursuant to §2306.565(e) of the Texas Government Code, the Corporation's Board has adopted the following criteria to score and rank applications to the P AB program. The f1rst three scoring criteria are required by state statute. The remaining criteria support the Corporation's goals to target specific housing needs and underserved areas in the state. The maximum score is 100 points. Developers are requested to check each of the scoring items they intend to request and enter the appropriate score on the line below each item. At the end of this scoring section Developers must calculate their total score and sign the certification. Restructuring and Refunding applications may skip this Tab of the application.

Cost Per Unit of Housing. Applications may receive up to 15 points for proposing housing developments with total residential costs within the following ranges:

D 15 points for;

• Acquisition & Rehabilitation equal to or less than $65,000 per unit

• New Construction equal to or less than$85,000 per unit; or

D 8 points for;

• Acquisition & Rehabilitation equal to or less than $75,000 per unit

• New Construction equal to or less than $95,000 per unit.

Requested Score = 0

Please see the attached development cost schedule evidencing that construction costs do not exceed $85.000 per unit.

Proposed Rents. Applications may receive up to 15 points for proposing Developments that ensure a percentage of rents are affordable to very-low and extremely low-income households. Developments supported by project based rental contracts may only include units not supported by contract rents in the calculation of the following set-aside selections:

~ 15 points - at least 5% of units will be reserved for families who earn 30% or less than the area median income; or

D 15 points - at least 40% of units will be reserved for families who earn 50% or less than the area median income.

Requested Score = 15

Please see the attached rent schedule evidencing that at least 5% of units will be reserved for families who earm 30% or less than the area median income.

Income Range for Residents. The Corporation is interested in promoting mixed income housing as a means to improve the lives of residents and build stronger communities. Applications that propose to ensure the following mixed income guidelines shall receive 15 points:

D Not more then 80% of the housing units will be reserved for persons earning 60% or less than the area median income; or

D At least 15% of the housing units will be reserved for persons earning more than 80% of the area median income.

Requested Score = 0



Small and Mid-Sized Cities. Applications shall receive 10 points for developments located in communities with populations less than 100,000, but not located adjacent to a PMSA or MSA with a total population of more than 500,000.

Requested Score = 0

At-Risk Preservation. Applications shall receive 10 points for the acqUlS1tl0n and rehabilitation of developments at-risk of losing affordable housing rental contracts or land use restrictions. Developments must meet the 2010 QAP definition of At-Risk Development to qualify for these points.

Requested Score = 0

Green Building Features. Applications will receive 10 points for obtaining a certification from a qualified third party that the Development meets the minimum certification requirement of the U.S. Green Building Council's LEED ("LEED") program. Applications will receive an additional 5 points (maximum of 15 points for this criterion) for meeting the Gold or Platinum certification standards for the LEED program. Certification may be based on the proposed construction plans, and the Development shall obtain an official certification after completion of construction or rehabilitation.

Requested Score = 0

Accessible Housing Features. Applications will receive 5 points for certifying that the Development will meet the following housing accessibility standards. Rehabilitation Developments are not exempt from meeting these requirements, if the scoring item is selected:

• All housing units accessible through a ground floor entrance shall have at least one no-step entry with a 36" entrance door;

• All housing and community spaces will be accessible via pathways that meet ADA and Fair Housing accessibility standards;

• All door ways in ground floor units (including closets, bathrooms, storage areas, etc . . . ) shall have doors with at least a 32 inch clear opening;

• All doors shall have lever handles and windows shall have accessible release and openmg mechanisms;

• All ground floor units shall have at least one ground floor bathroom with an accessible bath tub or roll in shower, and at least one ground floor bedroom;

• All electrical outlets, switches and control panels shall be no higher than 48 inches and no lower than 15 inches; and

• All ground floor units shall have kitchens that are accessible pursuant to the Fair Housing Accessibility Guidelines.

Requested Score = 5

Local Public Funding. Applications shall receive 5 points for submitting at least four letters of support from any combination of the following persons: Mayor; City Manager; County Judge; School District Superintendent; State Representative; or State Senator, whose district includes the Development site. II A commitment or award letter from the governing body must be submitted behind this page for points.

Requested Score = 0


T E x A 5 State Affordable Housing Corporation

Letters of Local Support. Applications shall receive 5 points for submitting at least fout letters of support from any combination of the following persons: Mayor; City Manager; County Judge; S School District Superintendent; State Representative; or State Senator, whose district includes the Development site. (Q Attach a copy of each letter behind this page of the application.

Requested Score = 5

Letters of support will be submitted under separate cover.

Developer Experience. Applications shall receive 5 points for providing evidence that the Developer currently owns, and maintains in compliance, a number of multifamily housing units at least twice the amount proposed in the Application. Developers must be sure that they have provided sufficient evidence of previous experience in the Threshold Criteria, Tab 5 of this application to receive points.

Requested Score = 5

Please see tIle attached compliance audit letters evidencing that. in addition to the evidence provided behind Tab 5. the developer currently owns and maintains in compliance. at least twice the number of multifamily housing units proposed in the application.

• Liberty Hlll- 76 units (certificates of occupancy provided behind Tab 5)

• Park Ridge Apartments - 64 units (certificates of occupancy provided behind Tab 5)

• The Vistas Apartments -124 units (8609s provided behind Tab 5)

• TownePark in Kingsland - 76 units (8609s provided behind Tab 5)

• TownePark in Fredericksburg - 76 units

Resident Services. Applications shall receive 5 points for agreeing to provide at least five (5) approved services to tenants on a monthly basis. This scoring criterion is a higher standard than the Corporation threshold criteria for resident services.

Requested Score;;;;:: 5

Tie Breaker. The Corporation shall break all scoring ties by dividing the estimated per unit cost by the number of very-low and extremely-low income units. The application with the lowest ratio shall be determined the winner of the tie break. The Corporation will only calculate the tie breaker in the event that a tie occurs between two eligible applications.

Total Score Requested;;;;:: 50

Developers must certify by signing below, that they have only selected points for scoring items that they can fulfill and understand that they will be required t , fulfill the requirements of all scoring items they have commitment to in this section.

By: (print)


DEVELOPMENT COST SCHEDULE This Development Cost Schedule must be consistent with the Summary Sources and Uses of Funds Statement. All applications must complete the total development cost column and the Tax Payer Identification column. Only HTC applications must complete the eligible basis columns and the Requested Credit calculation below:

DEVELOPMENT NAME: The Gateway Northwest City: Georgetown

TOTAL DEVELOPMENT SUMMARY II Expected Payee Taxpayer Total I Eligible Basis (If Applicable) II Identification Number (TIN) 1 I Cost I Acquisition I New/Rehab. {and % of cost if item involves multiple pa~ees~

ACQUISITION Site acquisition cost Existing building acquisition cost Closing costs & acq. legal fees Other (specify) - see footnote 2 Other (specify) - see footnote 2 Subtotal Acquisition Cost

OFF·SITES3

Off-site concrete Storm drains & devices Water & fire hydrants Off-site utilities Sewer lateral(s) Off-site paving Off-site electrical Other (specify) - see footnote 2 Other (specify) - see footnote 2 Subtotal Off·Sites Cost

SITEWORK4

Demolition Rough grading Fine grading On-site concrete On-site electrical On-site paving On-site utilities Decorative masonry Bumper stops, striping & signs Landscaping Pool and decking Athletic court(s) , playground(s) Fencing Storm drains & devices Other (specify) - see footnote 2 Subtotal Site Work Cost

DIRECT CONSTRUCTION COSTS*: Concrete Masonry Metals Woods and Plastics Thermal and Moisture Protection Roof Covering Doors and Windows Finishes Specialties Equipment

1,311,000 I

I $1,311,000 $01 $0

$0 $01 $0

0 300,000 300,000 150,000 150,000 96,000 96,000 50,000 50,000

300,000 300,000 310,000 310,000

0 0 0 0

140,000 140,000 60,000 60,000 35,000 35,000 20,000 20,000

140,000 140,000 0 0

$1,601,000 $0 $1,601,000

980,000 980,000 750,000 750,000 300,000 300,000

2,650,000 2,650,000 395,000 395,000 500,000 500,000 425,000 425,000

1,720,000 1,720,000 50,000 50,000

245,000 245,000


DEVELOPMENT NAME:

DIRECT CONSTRUCTION COSTS (Continued): Furnishings Special Construction Conveying Systems (Elevators) Mechanical (HVAC; Plumbing) Electrical Individually itemize costs below: Detached Community Facilities/Building Carports and/or Garages Lead-Based Paint Abatement Asbestos Abatement Other (specify) - see footnote 2 Other (specify) - see footnote 2 Subtotal Direct Const. Costs

TOTAL DIRECT CONST. & SITE WORK

OTHER CONSTRUCTION COSTS General requirements «6%) Field supervision (within GR limit) Contractor overhead «2%) G & A Field (within overhead limit) Contractor profit «6%) Contingency «5%) Subtotal Ancillary Hard Costs t TOTAL DIRECT HARD COSTS

INDIRECT CONSTRUCTION COSTS4

Architectural- Design fees Architectural - Supervision fees Engineering fees Real estate attorney/other legal fees Accounting fees Impact Fees Building permits & related costs Appraisal Market analysis Environmental assessment Soils report Survey Marketing Partnership Hazard & liability insurance Real property taxes Personal property taxes Tenant relocation expenses Furnishings & Equipment HUD Third Party Reports Subtotal Indirect Const. Cost

DEVELOPER FEES4 Housing consultant fees5

General & administrative Profit or fee

2.89%

1.95%

2.89%

5.00%

Subtotal Developer's Fees 14.99%

TOTAL DEVELOPMENT SUMMARY II Expected Payee Taxpayer I Total I Eligible Basis (If Applicable) II Identification Number (TIN)' Cost I Acquisition I New/Rehab. {and % of cost if item involves multiple patees}

The Gateway Northwest City: Georgetown

25,000 25,000 0 0 0 0

1,700,000 1,700,000 850,000 850,000

400,000 400,000 200,000 200,000

0 0 0 0 0 0 0 0

$11,190,000 $0 $11,190,000

$12,791,0001 $0 1 $12,791, 000 1

370,000 370,000

250,000 250,000

370,000 370,000 639,000 639,000

$1,629,000 $0 $1,629,000

$14,420,000 1 $0 1 $14,420,000 1

100,000 100,000 25,000 25,000

125,000 125,000 125,000 125,000 20,000 20,000

400,000 400,000 50,000 50,000 12,500 12,500 8,500 8,500 7,500 7,500 7,500 7,500

20,000 20,000 20,000 60,000 60,000

0 0 0 0 0 0

75,000 75,000 50,000 50,000

$1,106,000 $0 $1,086,000

400,000 400,000

2,149,000 2,149,000 $2,549,000 $0 $2,549,000

Texas Department of Housing Community Affairs - Multifamily Uniform Application (December 20 10)

DEVELOPMENT NAME:

FINANCING:

CONSTRUCTION LOAN(S)4 Interest Loan origination fees Title & recording fees Closing costs & legal fees Inspection fees Credit Report Discount Points Letter of Credit Fees Other (specify) - see footnote 2 PERMANENT LOAN(S) Loan origination fees Title & recording fees Closing costs & legal Bond premium Credit report Discount points Credit enhancement fees Prepaid MIP TSAHC Costs/TRBR fees HUD Fees BRIDGE LOAN(S) Interest Loan origination fees Title & recording fees Closing costs & legal fees Other (specify) - see footnote 2 Other (specify) - see footnote 2

OTHER FINANCING COSTS4

Tax credit fees Tax and/or bond counsel Payment bonds Performance bonds Credit enhancement fees Mortgage insurance premiums Cost of underwriting & issuance Syndication organizational cost Tax opinion Contractor Guarantee Fee Developer Guarantee Fee Other (specify) - see footnote 2 Other (specify) - see footnote 2 Subtotal Financing Cost

RESERVES Rent-up Operating Replacement Escrows Subtotal Reserves

TOTAL HOUSING DEVELOPMENT COSTS6

• Commercial Space Costs?

TOTAL RESIDENTIAL DEVELOPMENT COSTS

TOTAL DEVELOPMENT SUMMARY I Expected Payee Taxpayer I Total l Eligible Basis (If Applicable) I Identification Number (TIN)' Cost I Acquisition I New/Rehab. (and % of cost if item involves multiple payees)

The Gateway Northwest City: Georgetown

758,991 758,991 244,836 244,836 2% of loan placement amount 100,000 100,000 35,000 35,000 12,000 12,000

0 0 0 0

15,000 15,000

222,000 25,000 25,000

0 0 0 0 0

140,000 208,1 10

77,843 77,843 13,901 13,901

0 0 16,000 16,000

0 0 0 0

35,963 125,000 125,000

0 100,000 100,000

0 0 0 0 0 0 0

5,000 0 0 0 0 0 0 0 0

$2,159,644 $0 $1,498,571

0 135,164 operatin~ reserve

0 244,836

$380,000 $01 $0

$21 ,925,644 $01 $19,553,571

$21,925,644

Texas Department of Housing Community Affairs - Multifami ly Unifonn Application (December 20 I 0)

TOTAL DEVELOPMENT SUMMARY II Expected Payee Taxpayer I Total I Eligible Basis (If Applicable) II Identification Number (TIN)' Cost I Acquisition I New/Rehab. {and % of cost if item involves multiple pa~ees~

DEVELOPMENT NAME: The Gateway Northwest City: Georgetown

The following calculations are for HTC Applications only. Deduct From Basis: Fed. grant proceeds used to finance costs in eligible basis

Non-qualified non-recourse financing

Non-qualified portion of higher quality units (42.(d)(5))

Historic Credits (residential portion only)

Total Eligible Basis

**High Cost Area Adjustment (100% or 130%) Total Adjusted Basis

Applicable Fraction Total Qualified Basis

Applicable Percentage~

Calculated Credits

Credits Supported by Eligible Basis

Name of contact for Cost Estimate:

Phone Number for Contact:

Footnotes:

I $19,162,500

I $686,017

$686,0171

Janine Sisak

512·328·3232 x 166

$0 $19,553,571 100%

$0 $19,553,571

98% $0 $19,162,500

3.58% $0 $686,017

IThe taxpayer identification number (TIN) of the Person(s) or Entity(s) to whom payment for the cost associated with each line item must be provided to fulfill the requirements of HB2577, Sec. 2306.184. If multiple payees are involved, indicate the estimated percentage of the total fee that the payee will receive next to their TIN. If the payee has not been determined at this time, enter "Undetermined." All known payees must be described in the Project Development Team Members form. 2An itemized description of all "Other" costs must be included at the end of this exhibit. 3 All Off-Site costs must be justified by a third party engineering in accordance with the Department's format provided in the Offsite Cost Breakdown form. 4(HTC Only)Site work expenses, indirect construction costs, developer fees, construction loan financing and other financing costs may or may not be included in the eligible basis. Site work costs that exceed $9,000 per unit must be justified by a third party engineer in accordance with the Department's format provided in the Site Work Cost Breakdown form. 5(HTC Only)Only fees paid to a consultant for duties which are not ordinarily the responsibility of the developer, as defined in the Developer's Service Agreement, can be included in eligible basis. Otherwise, consulting fees are included in the calculation of maximum developer fees. 6(HTC Only) Provide all costs & eligible basis associated with the project. 7 (HTC Only)Costs associated with construction of facilities that generate revenue through commercial uses or from fees charged to tenants (covered parking, individual storage units, etc.) must not be included in eligible basis and must be removed from "Total Housing Development Costs" to determine "Total Residential Development Costs". 8(HTC Only)Use the appropriate Applicable Percentages defined in the QAP.


RENT SCHEDULE

Development Name: T he Gateway Northwest City: Georgetown

Private Activity Bond Priority (For Tax-Exempt Bond Developments ONLY): __________ _

I Tenant HOME Unit Other Unit Size (Net Total Net Rent HTC Unit HTFUnit MRB Unit # of # of Program Rent Paid Total Monthly Designation Designation/ # of Units Rentable Sq. Rentable Collected )esignation Designation Designation Bedrooms Baths Limit Utili ty Rent

I (Rent/Inc) Subsidy Ft. ) Sq. Ft.

Allow. /Unit

(A) (B) (A) X (B) (E) (A) X (E) TC30% 30%/30% 9 1 1.0 688 6,192 427 83 344 3,096 TC60% HH/60% 7 1 l. 0 688 4,816 73 8 83 655 4,585

I TC60% HH/60% 20 1 1.0 780 15,600 808 83 725 14,500 I TC60% 3 1 l.0 780 2,340 808 83 725 2,175

MR 1 1 1.0 780 780 800 800 800

I TC60% 48 2 2.0 994 47,712 864 109 755 36,240

I TC60% 35 2 2.0 1,050 36,750 864 109 755 26,425 MR 1 2 2.0 1,050 1,050 900 900 900

TC60% 55 3 2.0 1,250 68,750 1,026 136 890 48,950

I MR 1 3 2.0 1,250 1,250 1,026 1,026 1,026

I 0 -0 -0 -

I 0 -I 0 -

0 -0 -.

I 0 I 0 -

0 -I 0 -

I 0 -I

0 -0 -

I 0 -I 0 -

0 -0 -

I 0 -I 0 -

0 -0 -

I 0 -I 0 -

0 -0 -

I 0 -I 0 -

0 -0 -

I 0 -TOTAL 180 185,240 138,697

Non Rental Income $10.00 per unit/month for: laulldry 1,800

Non Rental Income 4.67 per unit/month for : carports ($/5*56) 840

Non Rental Income 12.44 per unit/month for : garages ($80 *28) 2,240

+ TOTAL NONRENT AL INCOME $27.11 per unit/month 4,880

= POTENTIAL GROSS MONTHLY INCOME 143,577

- Provision for Vacancy & Collection Loss % of Potential Gross Income: 7.50% 10,768

- Rental Concessions

= EFFECTIVE GROSS MONTHLY INCOME 132,809

X 12 = EFFECTIVE GROSS ANNUAL INCOME 1,593,705

Texas Department of Housing Community Affairs - Multifamily Unifonn Appli cation (December 20 10)

RENT SCHEDULE (Cont.)

'X,ofLI % of Total % ofLI % of Total

I TC30°;', 5% 5% 9

TC40% 0

HTF30% 0

HOUSING HTF40% 0

lOUSING TC50% 0 HTF50% 0

ITAX

TC60% 95% 93% 168

HTCLITotal 177

TCEO 0

HTF60% 0

TRUST HTF80% 0

HTF LI Total '" 0

:REDITS MR 3 MR 0 In

I MR Tota l 3

TC Total 180

FUND MR Total -- - 0

HTFTotal 0

30'10 25% 25% 9

MRB30% 0 LH/50% 0

IMORTGAGE

MRB40% 0

MRB50% 0

MRB60% 0

HH/60% 75% 75% 27

HOME HH/80% 0 . ,-~

HOME LI Total : ~"'----- 36 ~

MRB LITotal 0 EO 0

IREVENUE MRBMR 1 0

MRBMR Total 0 MR 0 -MR Total 0

:OND MRB Total 0 HOME Total 0

OTHER Total OT Units 0

Texas Department of Housing Communi ty Affairs - Multifamily Unifonn Application (December 2010)



Georgetown, Texas

Tab 1: Certifications


Corporate Resolution


Tab 7

X. CERTIFICATIONS.

A. The Developer and Developer's principal(s) shall be held to all representations made in this application, future document submissions and any statements made at public hearings.

B. Developer and Developer's principal(s) agree that after the reservation of volume cap has been obtained, the Corporation will hold a public hearing (the "TEFRA") with the participation of the Developer and Developer's principal(s). Before the closing of the bonds, staff will prepare final evaluations and recommendations to the Corporation's Board of Directors, which will include any public comments received at the TEFRA. Based on those recommendations, the Corporation's Board of Directors may choose to consider and adopt a Bond Resolution and to make a final decision on allocating the bonds for the Development(s).

C. Developer and Developer's principal(s) agree that the Corporation must approve the initial selection of a management company and all subsequent changes in management during the term while the bonds are outstanding.

D. Developer and Developer's principal(s) certify to the best of their knowledge that all previously owned and/ or developed affordable housing properties are compliant with all applicable bond, tax credit, HOME, or other federal, state, or local affordable housing program(s) from which the Developments receive funding.

E. Developer and Developer's principal(s) certify that all affordable housing Developments for which the Developer and/ or the Developer's principal(s) or related entities were involved or were requested to be financed and which were financed with affordable housing program assistance have not been and are not currently involved in litigation regarding the Development and/or financing of any of the properties, are not the subject of any IRS actions and are current with all local property taxes.

F. Developer and Developer's principal(s) certify that all affordable housing units developed as a result of this preliminary award of private activity bonds will meet all federal, state and local development standards. This includes all minimum property and development standards detailed in the 2010 State of Texas Qualified Allocation Plan [Chapter 10 Texas Administrative Code [rAC] §50], Section 504 of the 1973 Rehabilitation Act, Federal Fair Housing Accessibility Standards, and, if applicable, the Texas Minimum Construction Standards and State Accessibility Standards at §2306.514 of the Texas Government Code. These requirements may supersede any additional federal, state or local housing standards that may be required by local development codes, or additional federal, state or local financing.

G . Developer and Developer's principal(s) certify that all affordable housing units developed as a result of this preliminary award of private activity bonds will meet or exceed, as represented in their response to the RFP, the statewide energy code adopted by the State Energy Conservation Office.

H. Developer and Developer's principal(s) certify that they have not violated any standard of conduct or conflict of interest statute, including §2306.6733, Texas Government Code, or any section of Chapter 572, Texas Government Code.

r. Developer and Developer's principal(s) certify, to the best of their knowledge, that no issues of environmental safety or negative impacts are present at the proposed Development(s) location. The Developer will contract and have completed a Phase I Environmental Site Assessment (ESA) at its own expense and submit it with the Reservation Detail Package. If the Phase I ESA identifies environmental risks the Developer will contract and have completed prior to bond closing a Phase II



ESA. The Developer at its own cost shall meet all other federal, state or local environmental regulations required of them.

J. Developer and Developer's principal(s) certify that all properties will comply with the Texas Department of Housing and Community Affairs (TDHCA) Qualified Allocation Plan (QAP) and Rules pertaining to the Low Income Housing Tax Credit Program in effect at the time of the response to the RFP in order to apply for 4% tax credits.

K. Developer and Developer's principal(s) certify that (1) a minimum of twenty percent (20%) of the units in a Qualified Residential Rental Project (as defined by the TBRB and also referred to herein as a "Development") must be reserved for households with incomes no greater than fifty percent (50%) of the area median income ("AMI"), adjusted for family size, or at least forty percent (40%) of the units in the Development(s) must be reserved for households with incomes at or below sixty percent (60%) of the AMI, adjusted for family size; (2) Gross monthly rent charged on an income restricted unit will not exceed 30% of the applicable AMI; and (3) Income and rent restrictions must be maintained for a qualified project period to be determined in accordance with federal and state law.

L. Developer and Developer's principal(s) certify that it will be responsible for all fees and expenses in connection with all bonds issued on its behalf. Such expenses, where eligible under the Internal Revenue Code (the "Code"), may be financed through bond proceeds and "vill be considered part of the obligations authorized for issuance by the Corporation. All fees required by the Corporation are noted in the Corporation's Request for Proposals.

M. Developer and Developer'S principal(s) agree that the preliminaty award may be terminated by the Corporation or the Developer by written notice at any time. The Developer is encouraged to act in good faith and fair dealing to terminate this agreement if it becomes aware of any reason that the proposed developments will not move forward or if it has found altel11ative financialtesources so that the Corporation may allocate its private activity bond allocation to other qualified applicants.

N. Developer and Developer's principal(s) agree that the Corporation reserves the right to retract an award if a Developer is unable to receive a reservation of private activity bond cap prior to June 1, 2010. The Corporation reserves this right in order to allow alternate Developers, or other applications to proceed with an inducement and reservation, and to ensure the maximum utilization of the Corporation's volume cap.

O. Developer and Developer's principal(s) agree that any preliminary official action of the Corporation should not be construed as an indication as to the marketability of obligations or as the final approval of the Development by the Corporation, its financial advisor or bond counseL Rather, it is an indication that the Corporation will attempt to issue its obligation to provide f.tnancing to a portion of the proposed Development(s) subject to, (I) the Corporation's approval of financial structure of the bonds, bond purchaser and/or underwriter, and the Developer's readiness to proceed, (II) the Developer's continuing compliance with these regulations and cooperation in providing any and all requested information to the Corporation, (III) approval by the Texas Bond Review Board (the <'TBRB") of the sale of obligations, (IV) market conditions and terms acceptable to the Corporation and to its staff and consultants, and M approval by the Texas Attorney General of the issuance of the

tC;~~O~l\~ j (~ By: (print) Signature: Date:


TEXAS HOUSING FOUNDATION, A Texas Regional Housing Authority

and its instrumentalities:

Resolution No. 2010-1001

General authorization for execution of documents in connection with development of a low-income housing development in Georgetown, Texas and related matters

BE IT RESOLVED BY THE BOARD:

Section 1. General Authorization. The President, and other officers are authorized to execute any certificates, instruments, notes, deeds, agreements, and other documents for the development and financing of the proposed low-income housing development located in Georgetown, Texas (hereinafter '~e Project") in the best interest of the Texas Housing Foundation and its instrumentalities, and to take any and all actions that are or may become reasonably desirable or necessary to acquire, plan, develop, construct, finance, and operate the Proj ect, and to execute and deliver any instnunents, certificates, contracts, or other documents that may be reasonably desirable or necessary to undertake and complete the Project.

Section 2. Specific Authorization for execution of Documents. Without limiting the generality of the foregoing, the President and all other officers are hereby authorized to execute the following documents on behalf of the Texas Housing Foundation and its instrumentalities:

a) Applications with government agencies and private parties; b) Development agreements, ground leases, contracts with surveyors, site analysts, and

architects; c) Cooperation agreements; d) Land purchase documents including option contracts and purchase agreements; e) Certificates, instruments, notes, deeds, land leases, easement agreements, and other

other instruments to convey interests in real property and documents for the development of the Project;

1) All loan docwnents related to development of the Project.

Section 3. Adoption of Resolution. This resolution was duly and validly passed by the Board of Commissioners and Boards of Directors of the Texas Housing Foundation and its instrumentalities at a meeting duly called at which a quorum was present. This meeting was held on October 14, 2010.

Approved this ~day of October, 2010.

CHAIR

Marie Herbort, Chair

Mark Mayfield~ President

2

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