Jarvis Landing

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Print Preview - Preliminary Application
Tax Credits, RPP Loans, and/or Tax Exempt Bond Loans

Project Description
Project Name: Jarvis Landing Address: City: 7400 Caratoke Highway (US HWY 158) Jarvisburg County: Currituck Zip: 27947 Block Group: 2022

Census Tract: 1104

Is project in Qualified Census Tract or Difficult to Develop Area? No Are you requesting the basis boost under section II(E)(4) of the QAP? Yes Political Jurisdiction: Jurisdiction CEO Name: Jurisdiction Address: Jurisdiction City: Jurisdiction Phone: Currituck County First:Dan Last: Scanlan Highway 158 Currituck
(252)232-2075

Title: County Administrator

Zip: 27917

Site Latitude: Site Longitude:

36.1040 -75.5147

Project Type: New Construction Is this project a previously awarded tax credit development? New Construction/Adaptive Reuse: Is this project a follow-on (Phase II, etc) to a previously-awarded tax credit development project? No If yes, list names of previous phase(s): Rehab: Number of residents holding Section 8 vouchers:

Will the project meet Energy Star standards as defined in Appendix B? Yes Does a community revitalization plan exist? No Will the project use steel and concrete construction and have at least 4 stories? No

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Will the project include a Community Service Facility under IRS Revenue Ruling 2003-77? No If yes, please describe:

Target Population:Family Will the project be receiving project based federal rental assistance? No If yes, provide the subsidy source: and number of units:

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Applicant Information
Indicate below an individual or a validly existing entity (a corporation, nonprofit, limited partnership or LLC) as the official applicant. Under QAP Section III(C)(5) only this individual or entity will be able to make decisions with regard to this application. If awarded the applicant must become part of the ownership entity. The applicant will execute the signature page for this application. Applicant Name: Address: City: Contact: Telephone: Alt Phone: Fax: Email Address: The Affordable Housing Group of North Carolina, Inc. 1300 Baxter Street, Suite 215 Charlotte State: NC Zip: 28204 First: Kathy Last:Stilwell Title:Dep. Director
(704)968-7202 (704)342-3316 (704)376-8709 [email protected]

NOTE: Email Address above will be used for communication between NCHFA and Applicant.

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Site Description
Total Site Acreage: 15.40 Total Buildable Acreage: 15.40

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

Identify utilities and services currently available (and with adequate capacity) for this site: Storm Sewer Water Sanitary Sewer Electric

Is the demolition of any buildings required or planned? No If yes, please describe:

Are existing buildings on the site currently occupied? No If yes: (a) Briefly describe the situation:

(b) Will tenant displacement be temporary? (c) Will tenant displacement be permanent? Is the site directly accessed by an existing, paved, publicly maintained road? Yes If no, please explain:

Is any portion of the site located inside the 100 year floodplain? No If yes: (a) Describe placement of project buildings in relation to this area:
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(b) Describe flood mitigation if the project will have improvements within the 100 year floodplain:

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Site Control
Does the owner have fee simple ownership of the property (site/buildings)?No If yes provide: Purchase Date: If no: (a) Does the owner/principal or ownership entity have valid option/contract to purchase the property?Yes (b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract for purchase of the property and the seller of the property?No If yes, specify the relationship: Purchase Price:

(c) Enter the current expiration date of the option/contract to purchase: 8/30/2009 (D) Enter Purchase Price: 1,500,000

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Zoning
Present zoning classification of the site:Conditional District - General Business Is multifamily use permitted?Yes Are variances, special or conditional use permits or any other item requiring a public hearing needed to develop this proposal?Yes If yes, have the hearings been completed and permits been obtained?No If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule for obtaining them: The project has full site plan approval for the development of 39 units. Currituck County is in the process of reviewing an Ordinance that will allow density bonuses for affordable housing projects. It the Ordinance is not passed prior to the final application submission deadline, we will reduce the unit count back to the 39 already approved by Currituck County. The schedule for County review and approval of the Ordinance is April 21, 2009.

Are there any existing conditions of historical significance located on the project site that will require State Historic Preservation office review?No If yes, describe below:

Are there any existing conditions of environmental significance located on the project site?No If yes, describe below:

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Ownership Entity
Owner Name: Address: City: Jarvis Landing LLC 1300 Baxter Street, Suite 215 Charlotte State:NC Zip: 28204 (If assigned)

Federal Tax ID Number of Ownership Entity: Note: Do not submit social security numbers for individuals.

Entity Type: Limited Liability Company Entity Status: To Be Formed Is the applicant requesting that the Agency treat the application as Non-Profit sponsored? Yes Is the applicant requesting that the Agency treat the application as CHDO sponsored? No List all general partners, members,and principals. Specify nonprofit corporate general partners or members. Click [Add] to add additional partners, members, and principals.

Org: Address: City: Phone: EMail:

Jarvis Landing Housing of Currituck Inc. Last Name: Stilwell State: NC Function: Managing Member Zip: 28204 1300 Baxter Street, Suite 215 Charlotte
(704)968-7202

First Name: Kathy

Fax: (704)376-8709

[email protected] Nonprofit: No

Org: Address: City: Phone: EMail:

The Affordable Housing Group of North Carolina, Inc. Last Name: Woollard State: NC Fax: (704)376-8709 Function: Member Zip: 28204 1300 Baxter Street, Suite 215 Charlotte
(704)607-9791

First Name: Paul

Nonprofit: Yes [email protected]

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Unit Mix
The Median Income for Currituck county is $67,900. Low Income Units Type # BRs Net Sq.Ft. Duplex 2 Duplex 3 Duplex 2 Duplex 3
998 1246 998 1246

Total # Units
16 12 10 8

# Units
2 2 1 1

Monthly Rent
550 650 625 700

Utility Allowance
85 99 85 99

Mandatory Serv. Fees
0 0 0 0

**Total Housing Exp.
635 749 710 799

Utilities included in rents:

Water/Sewer

Electric

Gas

Other trash

Employee Units (will add to Low Income Unit total) Total # Monthly Utility Mandatory **Total Type # BRs Net Sq.Ft. # Units Units Rent Allowance Serv. Fees Housing Exp. Utilities included in rents: Water/Sewer Electric Gas Other

Market Rate Units Total # Monthly Utility Mandatory **Total Type # BRs Net Sq.Ft. # Units Units Rent Allowance Serv. Fees Housing Exp. Utilities included in rents: Water/Sewer Electric Gas Other

Statistics All Units Low Income....... Market Rate....... Totals...............
46 6 28450 46

Units
6

Gross Monthly Rental Income
28450

Proposed number of residential buildings: 23 Project Includes:

Maximum number of stories in buildings: 2

Separate community building - Sq. Ft. (Floor Area): 1,460 Community space within residential bulding(s) - Sq. Ft. (Floor Area):

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Elevators - Number of Elevators: Square Footage Information Gross Floor Square Footage:
64,312

Total Net Sq. Ft. (All Heated Areas): 50,360

Indicate below any additional targeting for special populations proposed for this project: Mobility impaired handicapped: 5% of units comply with QAP Section IV(F)(3) (in addition to the units required by other federal and state codes.) Number of Units: 6 Number of Units Required:
6

Persons with disabilities or homeless populations.

Number of Units: 5

Notes ** Please refer to the Income Limits and Maximum Housing Expense Table to ensure that Total Monthly Tenant Expenses for low income units are within established thresholds.

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

# BRs 2 3 2 3
16 12 10 8

Units targeted at 50 targeted at 50 targeted at 60 targeted at 60

% percent of median income affordable to/occupied by percent of median income affordable to/occupied by percent of median income affordable to/occupied by percent of median income affordable to/occupied by

Total Low Income Units:

46

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

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Funding Sources
NonAmortizing* Rate (%)
7.75

Source Bank Loan RPP Loan Local Gov. Loan - Specify: RD 515 Loan RD 538 Loan - Specify: AHP Loan Other Loan 1 - Specify: Other Loan 2 - Specify: Other Loan 3 - Specify: Tax Exempt Bonds State Tax Credit(Loan) State Tax Credit(Direct Refund) Equity: Federal LIHTC Non-Repayable Grant Equity: Historic Tax Credits Deferred Developer Fees Owner Investment Other - Specify: Total Sources**

Amount
930,000

Term (Years)
20

Amort. Period (Years)
20

Annual Debt Service
91,618

2,529,005

0

30

30

0

5,462,104

2,997

8,924,106

* "Non-amortizing" indicates that the loan does not have a fixed annual debt service. For these items, you must fill in 20-year debt service below. ** Total Sources must equal total replacement cost in Project Development Cost (PDC) section.

Estimated pricing on sale of Federal Tax Credits: $0. 72 Remarks concerning project funding sources: (Please be sure to include the name of the funding source(s))

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We have assumed a basis boost of 21%.

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Development Costs
Item Cost Element 1 Purchase of Building(s) (Rehab / Adaptive Reuse only) 2 Demolition (Rehab / Adaptive Reuse only) 3 On-site Improvements 4 Rehabilitation 5 Construction of New Building(s) 6 Accessory Building(s) 7 General Requirements (max 6% lines 2-6) 8 Contractor Overhead (max 2% lines 2-7) 9 Contractor Profit (max 8% lines 2-7; 6% if Identity of Interest) 10 Construction Contingency (max 5% lines 2-9, Rehabs 10%) 11 Architect's Fee - Design (11 + 12 = max 3% lines 2-10) 12 Architect's Fee - Inspection 13 Engineering Costs SUBTOTAL (lines 1 through 13) 14 Construction Insurance (prorate) 15 Construction Loan Orig. Fee (prorate) 16 Construction Loan Interest (prorate) 17 Construction Loan Credit Enhancement (prorate) 18 Construction Period Taxes (prorate) 19 Water, Sewer and Impact Fees 20 Survey 21 Property Appraisal 22 Environmental Report 23 Market Study 24 Bond Costs 25 Bond Issuance Costs 26 Placement Fee 27 Permanent Loan Origination Fee 28 Permanent Loan Credit Enhancement
18,600 3,584 30,000 15,000 10,000 15,000 4,300 2,867 30,000 15,000 10,000 15,000 4,300 3,899,451 150,000 282,108 99,678 398,713 164,469 110,000 31,000 56,100 5,843,869 18,000 163,000 422,170 14,400 130,400 337,736 3,899,451 150,000 282,108 99,678 398,713 164,469 110,000 31,000 56,100 652,350 619,733

TOTAL COST

Eligible Basis 30% PV 70% PV

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29 Title and Recording SUBTOTAL (lines 14 through 29) 30 Real Estate Attorney 31 Other Attorney's Fees 32 Tax Credit Application Fees (Preliminary and Full) 33 Tax Credit Allocation Fee (0.62% of line 60, minimum $7,500) 34 Cost Certification / Accounting Fees 35 Tax Opinion 36 Organizational (Partnership) 37 Tax Credit Monitoring Fee SUBTOTAL (lines 30 through 37) 38 Furnishings and Equipment 39 Relocation Expense 40 Developer's Fee 41 Additional Contigency (greater of $500/unit or $30,000) 42 43
Other Basis Expense (specify) Other Basis Expense (specify)

7,500 707,154 35,000 10,000 2,300 43,195 15,000 3,000 2,500 32,200 143,195 28,000 28,000 15,000 35,000 5,000

483,000 30,000

483,000 30,000

44 Rent-up Expense 45 46
Other Non-basis Expense (specify) Other Non-basis Expense (specify)

23,000

SUBTOTAL (lines 38 through 45) 47 Rent up Reserve 48 Operating Reserve 49 50
Other Reserve (specify) Other Reserve (specify)

564,000 13,800 152,088

51 DEVELOPMENT COST (lines 1-49) 52 Less Federally Funded Grant 53 Less Disproportionate Standard 54 Less Nonqualified Nonrecourse Financing 55 Less Historic Tax Credit 56 TOTAL ELIGIBLE BASIS 57 Applicable Fraction (percentage of LI Units)

7,424,106

0

6,966,955

0 6,966,955 100.00% 0 100% 6,966,955 100%

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58 Basis Before Boost 59 Basis Boost of up to 130% 60 TOTAL QUALIFIED BASIS 61 Tax Credit Rate 62 Federal Tax Credits (maximum $1,300,000) 63 Federal Tax Credits Requested (if less than line 62) 64 Land Cost 65 TOTAL REPLACEMENT COST FEDERAL TAX CREDITS IF AWARDED Comments:

6,966,955

0 100.00%

6,966,955 121.00% 8,430,016 9.00 758,701

8,430,016

0 3.50

758,701 0 1,500,000 8,924,106 758,701

0

Project Development Cost per unit 84,771

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Market Study Information
Please provide a detailed description of the proposed project: The proposed project, Jarvis Landing, is located in Jarvisburg, NC. The site is on the southern peninsula of Currituck County and is approximately 8.5 miles from the Wright Memorial Bridge and Dare County. The parcel is 15.4 acres with roads and water lines already installed. The project proposes to build 23 duplex buildings resulting in 46 units of affordable housing. The duplexes have been attractively designed to blend well with the homes in the region as well be energy and resource efficient. The project will be a mix of 2 and 3 bedroom units. Also included in the development will be a community building, playground, laundry facilities, sidewalks and mulch walking trails, as well as other community amenities. The site will have abundant open space and natural vegetation with at least 30% of the existing trees preserved. Construction (check all that apply): Brick Vinyl Wood HardiPlank Balconies/Patios Sunrooms Front Porches

Front Gables or Dormers Other:

Wide Banding or Vertical/Horizontal Siding

Have you built other tax credit developments that use the same building design as this project?No If yes, please provide name and address:

Site Amenities: The club house will include community space for resident meetings and activities, on-site managers office, resident computer center, screened porch and covered porch, community kitchen, laundry facilities (Energy Star Certified), and mail boxes. The club house and public amenities are centralized so they will promote socialization, safety, and walking. A shaded exterior seating area overlooks the fenced playground which is also visible from the laundry room, computer center, and property manager’s office. The site will also include a playground with benches and bike racks, a covered picnic area and walking trail. All apartments have private exterior entrances which creates definable space for each unit while encouraging interaction among neighbors. Onsite Activities: The resdients will have access to tenant counseling, homeownership counseling and training provided by Outer Banks CDC as the service coordinator. A resident council will be established. The Council will be assisted to implement a Neighborhood Watch Program and to evaluate other programs that would meet the needs of the residents. Typical activities could include social gatherings, pot luck dinners, movie night, game night, etc.

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Landscaping Plans: Over 30% of the site will remain open space and as many of the existing trees as possible will be preserved. An undisturbed vegetative buffer will remain along the northern and western property lines. A mulch walking trail around the site will promote site connectivity, walking, and interaction with nature. A portion of the walking trail will be handicap accessible. Foundation plantings and lawns will be installed to soften the façade and provide green space. Drought tolerant and NC native species will be utilized in the landscaping. Planting will be coordinated with benches and the playground so public areas will have areas of shade as the trees mature. Interior Apartment Amenities: All apartments will include large closets, a pantry, dining area. Large open living areas and bedrooms with adequate wall space for furniture. The orientation of the windows will provide abundant amounts of natural lighting in the bedrooms and living spaces. All units will be Energy Star Certified for energy efficiency. Energy Star rated refrigerators and dishwashers and washer/dryer connections are provided. Indoor air quality will be improved through measures including kitchen and bath fans that exhaust to the exterior, use of low VOC paints and primers, and a tight envelope for the building exterior. Do you plan to submit additional market data (market study, etc.) that you want considered? Yes If yes, please make sure to include the additional information in your pre-application packet.

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Applicant's Site Evaluation
Briefly describe your site in each of the following categories: NEIGHBORHOOD CHARACTERISTICS Trend and direction of real estate development and area economic health. Physical condition of buildings and improvements in the immediate vicinity. Concentration of affordable housing. Jarvisburg is located on a peninsula at the southern end of Currituck County. The proposed site for Jarvis Landing is a 15.4 acre site just off of US 158/Caratoke Highway. The project site is 8.5 miles north of the Wright Memorial Bridge, Kitty Hawk, Dare County, and the beaches of the Outer Banks. This region is anticipated to be a growth area for the Outer Banks. The project conforms to the land development plan of the county. The lack of affordable housing options leaves low income residents with limited options for housing. Property surrounding site: • North: The area to the north is residential; the properties in this area are in good repair. Zoning in the area is R and GB • South: The area to the South is residential and undeveloped; the properties in this area are in good repair. Zoning in the area is R. • East: The area to the east is undeveloped, zoned GB • West: The area to the west is undeveloped, zoned R Currituck County’s population and economy have seen sharp growth greater than the state average. Since July 2000, the population of Currituck County has grown faster (5.2 percent annual average) than all the counties in the state, except two (Outer Banks Chamber of Commerce website). The counties employment grew 2.5 percent in 2006. Since November 2000, the Outer Banks economy has experienced an average annual increase in employment of 4.2 percent, while during the same period the state grew by only 1.3 percent. While Currituck has been affected by the downturn in the national economy, the impact on the county has been less than in other regions. According to the Employment Security Commission of North Carolina’s website, Currituck County’s unemployment rate in October 2008 was 5%, which is lower than the NC unemployment rate for November 2008 of 7.9%, and the US unemployment rate for November 2008 of 6.7%. While growth has occurred in the region, development of affordable housing has not kept up with the need. According to NC Association of Realtors, from 2000 to 2005 existing home prices in the Outer Banks increased 120%. In 2006 the average Currituck resale price was $581,878 with a median price of $380,000, compared to the average 2006 resale price in North Carolina of $214,948. Affordable housing options are extremely limited in Currituck County and Dare County. “Because the cost of housing is so high along the Outer Banks, average citizens such as teachers, policemen, and service workers must commute 60 miles or more each way in order to find an affordable place to live.” According to the NCHFA website, only one LIHTC development exists in Currituck County and one in Dare County. The majority of the residential construction in the region is geared toward tourist and retiree populations. “Housing costs for rental housing have also increased in recent years….it is important to note that rental housing in general is a small portion of the overall stock in Dare County and that there is very little non-seasonal/year round rental housing… there is no apartment sector, per se.” (2005 Dare County Housing Study). Residents are often forced to choose between long commutes, paying a high portion of their income on rent or choosing to live in dilapidated housing and trailer homes. The scarcity of developable land and affordable housing options in Dare County has resulted in residents looking for housing in Currituck County. “The overall quality of life, and safety on the Outer Banks, is diminished by a lack of affordable housing” (The Albermarle Economic Development Commission, 2008).

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SURROUNDING LAND USES AND AMENITIES Land use pattern is residential in character (single and multifamily housing). Extent that the location is isolated. Effect of industrial, large-scale institutional or other incompatible uses, including but not limited to: wastewater treatment facilities, high traffic corridors, junkyards, prisons, landfills, large swamps, distribution facilities, frequently used railroad tracks, power transmission lines and towers, factories or similar operations, sources of excessive noise, and sites with environmental concerns (such as odors or pollution). Amount and character of vacant, undeveloped land. The land use pattern around the site is mostly single family housing. None of the detrimental land uses noted above are located at or near the site. West of the site is uncleared with many trees. The property to the east has been divided into lots. Approximately, 50% of the bordering land has been developed. The Currituck County Planning Board has ruled that the proposed site is "consistent with the objectives of the Currituck County Unified Development Ordinance and promotes compatibility between the subject property and surrounding area.” The majority of townships in the county are unincorporated. The result is that development in the county occurs in pockets of residential and retail/ commercial development. The Jarvis Landing site is located within a pocket of residential development. The area around the site and much of Currituck County is rural and agricultural in nature with large swathes of wooded areas. Multiple farms are located within a 10 mile radius of the site including a lavender farm and an eco organic farm. The site’s location gives wonderful access to locally grown fruits, vegetables, and meats sold at stands and markets in the area. SITE SUITABILITY Adequate traffic safety controls (i.e. stop lights, speed limits, turn lanes). Burden on public facilities (particularly roads). Access to mass transit (if applicable). Visibility of buildings and/or location of project sign (s) in relation to traffic corridors. The project is accessed from Caratoke Highway, a primary four lane state highway. From Caratoke Highway, turn onto Jarvis Landing Road, a private road maintained by the project. A stop sign currently exists at the end of Jarvis Landing Road. Once constructed, the project will include additional traffic safety controls including speed limit signage and speed bumps. Jarvis Landing Road is a culde-sac that will only serve this project so there is no threat of the road seeing increased traffic from cut through drivers. The road is straight with no impediments related to safety. The units will be visible from Caratoke Highway; even though the county has requested that much of the natural environment and trees be preserved. Project signage will be visible from Caratoke Highway. The project has approximately 24 linear feet of frontage on Caratoke Highway. The site will not be a burden on the local facilities or school system. The Currituck County Planning Board determined on November 3, 2008 that the approved site plan “will not exceed the counties ability to provide adequate public facilities.” Jarvisburg Elementary, a brand new school that opened in 2008, is 1 ½ miles from the site. Currituck County School system has an excellent student to teacher ratio of approximately 18:1 which is below the state average (Outer Banks Chamber of Commerce website). Mass transit options are limited in Currituck County as they are in most areas in the eastern portion of the State. However, the Inter-County Public Transportation Authority (ICPTA) does provide transportation to residents of Currituck County on an appointment basis. ICPTA’s services are intended to transport the general public to nutrition sites, medical appointments and other locations, which will allow clients to access services or attend activities related to daily living while promoting an improved quality of life. Degree of on-site negative features and physical barriers that will impede project construction or adversely affect future tenants; for example: power transmission lines and towers, flood hazards, steep slopes, large boulders, ravines, year-round streams, wetlands, and other similar features (for adaptive re-use projectssuitability for residential use and difficulties posed by the building(s), such as limited parking, environmental problems or the need for excessive demolition). There is a modest slope on site that will provide adequate drainage in a controlled manner to roadside ditches and two stormwater infiltration basins. The Currituck Planning Board noted in their review of the project’s approved site plan that “Public health and safety issues including stormwater management, wastewater disposal and access for emergency services have been adequately addressed and developed." It was also noted that the site is out of the 100 year floodplain. There are no power transmission lines or towers on the site. According to the Currituck County GIS there are no wetlands on the site.

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Similarity of scale and aesthetics/architecture between project and surroundings. The duplex units designed for site will be in harmony with adjoining and nearby properties. Many of the surrounding developed sites have large open spaces. In keeping with this tradition, the subject property will have approximately 50% open space (8 plus acres). The architectural design was influenced by local design vernacular so that the units will be easily recognizable as having the “Outer Banks look”. The double front porches and use of hardi-plank siding is typical for the area, while brick is seldom utilized. To someone casually driving through the neighborhood, the project’s duplexes could easily pass as large single family homes similar to those in the area. The site’s walking trail that weaves in and out of the tree line not only fits into the aesthetics of the region but also promotes connectivity and recreation.

For each applicable neighborhood feature, enter distance from project in miles.
4 4 1.5

Grocery Store Mall/Strip Center Outdoor Athletic

1.5 10.2 4

Community/Senior Center Hospital Pharmacy

Fields
.1

Day Care/After

1.4 25

School
1.5 3 3

Basic Health Care Public Transportation

Schools Convenience Store Gas Station

Stop
42 13.9

Public Parks Library

Other facilities or services: Church .1 miles, recycling center 3.9 miles, historic Jarvisburg colored school .2 miles. Currituck and Dare counties boast a wide variety of outdoor amenities. The following is a representation of the types of resources available within 35 miles of the site: Outer Banks Center for Wildlife Education, Currituck Banks National Estuarian Research Reserve (954 acres of beach dunes, shrub forest, marsh and sound all open to the public with walking trails, 4x4 trails and wild ponies), Corolla Wild Horse Museum, Currituck Beach Light House, and the Mackay Island National Wildlife Refuge.

https://www.nchfa.org/Rental/RTCApp/(S(gl53dp45...0DC3A73C3&SNID=AE457286E9D041DB80E44E2B3D58867D (21 of 22)4/8/2009 2:50:39 PM

Print - APP09-0062

Preliminary App Checklist
The following enclosures must be submitted along with your signed preliminary application. Some enclosures are required only under certain conditions. Please check each applicable item to indicate that you understand the enclosure requirements and will enclose the correct supporting documentation with your application. Fee Payment Check in the amount of $5,450.00 made payable to North Carolina Housing Finance Agency. Tab A - Preliminary Application Printed, signed copy of preliminary application generated from online system. B - Map/Driving Instructions A local map clearly identifying the location of the Site and detailed directions to the Site. Current City or County maps are preferred – internet maps and directions are not acceptable. Applicant must also provide a map identifying the amenities listed in section IV (A)(1)(b)(ii) of the QAP and their proximity to the site. Applicant must provide a sign and boundary markers to clearly identify the road frontage of the site. The sign identifying the site should read “SITE” with a minimum size of 11x17. C - Community Revitalization Plan Applicant should provide a map identifying the subject site within the Plan area (if applicable). D - Evidence of Site Control Provide valid option/contract or warranty deed and plot plan. E - Site Plans/Scope of Work Preliminary site plan, floor plans and elevations for all projects, interior and exterior photographs and detailed scope of work for Adaptive Reuse and Rehab projects. Site and floor plans should be no larger than 11x17 and must be produced by a licensed architect or engineer. F - Information Package for Market Analysts This section must include copies of items required in Tabs A, B, E and G (site and floor plans should be no larger than 11x17) and can include any additional market information such as preliminary market studies the applicant would like to provide to the Analysts. G - Rent Roll (Rehabs only) Provide the current rent roll for the property and indicate which units (if any) are receiving rental assistance. H - Documentation for Basis Boost Applicant should provide an appraisal and/or standard geological survey to support a request for the basis boost (if applicable).

https://www.nchfa.org/Rental/RTCApp/(S(gl53dp45...0DC3A73C3&SNID=AE457286E9D041DB80E44E2B3D58867D (22 of 22)4/8/2009 2:50:39 PM

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