915 Caldwell

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

Project Description
Project Name: 915 Caldwell Address: City: 915 Caldwell Charlotte County: Mecklenburg Zip: 28206 Block Group: 2001

Census Tract: 6

Is project in Qualified Census Tract or Difficult to Develop Area? Yes Are you requesting the basis boost under section II(E)(4) of the QAP? Political Jurisdiction: Jurisdiction CEO Name: Jurisdiction Address: Jurisdiction City: Jurisdiction Phone: The City of Charlotte First:Pat Last: McCrory 600 East Fourth Street Charlotte
(704)336-2241

Title: Mayor

Zip: 28202-2839

Site Latitude: Site Longitude:

35.2311 -80.8287

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:Elderly (62) Will the project be receiving project based federal rental assistance? Yes If yes, provide the subsidy source: HUD and number of units: 58

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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:
(704)336-7767 [email protected]

Charlotte Housing Authority 1301 South Boulevard Charlotte State: NC Zip: 28206 First: Jeff Last:Meadows Title:Sr. Development Officer
(704)353-0324

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

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Site Description
Total Site Acreage: 1.994 Total Buildable Acreage: 1.994

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)?Yes If yes provide: Purchase Date: 10/18/2004 If no: (a) Does the owner/principal or ownership entity have valid option/contract to purchase the property? (b) Does an identity of interest (direct or indirect) exist between the owner/principal or ownership entity with the option/contract for purchase of the property and the seller of the property? If yes, specify the relationship: Purchase Price: 1,325,000

(c) Enter the current expiration date of the option/contract to purchase: (D) Enter Purchase Price:

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Zoning
Present zoning classification of the site:MUDD and MUDD (CD) 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?No If yes, have the hearings been completed and permits been obtained? If yes, specify permit or variance required and date obtained. If no, describe permits/variances required and schedule for obtaining them:

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: 915 Caldwell, LLC 1301 South Boulevard Charlotte State:NC Zip: 28203 (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:

Horizon Development Properties, Inc. Last Name: Woodyard State: NC Fax: (704)336-7767 Nonprofit: Yes Function: Principal Zip: 28203 1301 South Boulevard Charlotte
(704)336-5221 [email protected]

First Name: Charles

Org: Address: City: Phone: EMail:

Charlotte Housing Authority Last Name: Woodyard State: NC Fax: (704)336-7767 Nonprofit: Yes Function: Principal Zip: 28203 1301 South Boulevard Charlotte
(704)336-5221 [email protected]

First Name: Charles

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Unit Mix
The Median Income for Mecklenburg county is $66,500. Low Income Units Type # BRs Net Sq.Ft.
712 682 607 686 633 633

Total # Units
6 4 17 4 27 42

# Units
0 0 5 0 0 0

Monthly Rent
598 598 598 598 598 278

Utility Allowance
84 84 84 84 84 84

Mandatory Serv. Fees
0 0 0 0 0 0

**Total Housing Exp.
682 682 682 682 682 362

Gdn Apt 1 Gdn Apt 1 Gdn Apt 1 Gdn Apt 1 Gdn Apt 1 Gdn Apt 1

Utilities included in rents:

Water/Sewer

Electric

Gas

Other

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...............
100 5 46360 100

Units
5

Gross Monthly Rental Income
46360

Proposed number of residential buildings: 1 Project Includes:

Maximum number of stories in buildings: 4

Separate community building - Sq. Ft. (Floor Area):

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Community space within residential bulding(s) - Sq. Ft. (Floor Area):
22,759

Elevators - Number of Elevators: 2 Square Footage Information Gross Floor Square Footage:
88,233

Total Net Sq. Ft. (All Heated Areas): 86,371

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: 10 Number of Units Required:
10

Persons with disabilities or homeless populations.

Number of Units: 10

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 1 1
58 42

Units targeted at 60 targeted at 30

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

Total Low Income Units:

100

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 (%) Term (Years) Amort. Period (Years) Annual Debt Service

Source Bank Loan RPP Loan Local Gov. Loan - Specify: Housing Trust Fund (HTF) RD 515 Loan RD 538 Loan - Specify: AHP Loan Other Loan 1 - Specify: Charlotte Housing Authority 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

800,000

1.00

30

30

673,328

5.00

30

30

1,443,891

0

30

30

0

9,616,914

12,534,133

* "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. 74 Remarks concerning project funding sources: (Please be sure to include the name of the funding source(s))

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HTF Funding is anticipated by May 2009. This loan is proposed as an interest only loan at 1%. CHA Loan is proposed at 5% cash flow contingent and/or accruing.

Loans with Variable Amortization Please fill in the annual debt service as applicable for the first 20 years of the project life.

Local Gov. Loan - Housing Trust Fund (HTF) Year: Amt: Year: Amt: 1
8000

2
8000

3
8000

4
8000

5
8000

6
8000

7
8000

8
8000

9
8000

10
8000

11
8000

12
8000

13
8000

14
8000

15
8000

16
8000

17
8000

18
8000

19
8000

20
8000

Other Loan 1 - Charlotte Housing Authority Year: Amt: Year: Amt: 1
33666

2
33666

3
33666

4
33666

5
33666

6
33666

7
33666

8
33666

9
30000

10
26000

11
21500

12
16600

13
11700

14
6500

15
900

16
0

17
0

18
0

19
0

20
0

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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 TOTAL COST
0 0 1,400,000 0 6,627,980 0 474,000 158,000 474,000 345,000 162,020 25,000 150,000 9,816,000 30,383 55,000 150,000 0 50,000 0 15,000 10,000 45,000 10,000 0 0 0 0 0 15,000 10,000 45,000 10,000 50,000 77,000 15,000 0 1,400,000 0 6,627,980 0 474,000 158,000 474,000 345,000 162,020 25,000 150,000

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
Inspections, Building Permits Other Basis Expense (specify)

15,000 380,383 105,000 25,000 2,300 83,150 29,300 29,300 105,000 25,000

70,000 314,750 165,000 0 800,000 30,000 101,000 800,000 30,000 80,250

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

36,000

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

1,132,000 36,000 255,000 600,000

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)

12,534,133 0 0 0 0 11,107,550 100.00%

0

11,107,550

0 0 100% 11,107,550 100%

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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:

11,107,550

0 100.00%

11,107,550 130.00% 14,439,815 9.00 1,299,583

14,439,815

0 3.50

1,299,583 0 0 12,534,133 1,299,583

0

Project Development Cost per unit 66,280

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Market Study Information
Please provide a detailed description of the proposed project: The proposed elderly project will consist of 100 one-bedroom units in a mid-rise elevator building. The design approach will include the following interior and exterior elements: Comfortable, Accessible and Visitable Apartments with Good Storage and Furnishability; and The Management Offices, Maintenance Shop, Resident Laundry Rooms, Informal Sitting Areas, Congragate/Dining Hall with Warming Kitchen, Library, Common Lobbies per Floor will provide excellent ability to provide residents a substantial level of service with an outstanding quality of life; and Walking Trails, Resident Gardens, Outdoor Seating, and Picnic Area will encourage the residents "Wellness"; and Pedestrian links connect the site to the Center City through a network of sidewalks. The site is also a few hundred feet from the proposed light rail system. An aerial photo located in the application package illustrates these relationships to the proposed site; and Site Plans, Elevations and Floor Plans included in the application package demonstrate the high quality design included in this urban mid-rise building that blend within the context and character of the surrounding neighborhood.

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

See attached plans and elevations. The urban design is appropriate given the context of this urban infill site at the edge of Charlotte's Central Business District commonly referred to as "Uptown". This prodcut will compliment the existing 940 Brevard Senior apartments and the Historic Renovation of the Alpha Mill. Both sites are adjacent to/across the street from the subject site.

Have you built other tax credit developments that use the same building design as this project?Yes If yes, please provide name and address: 940 Brevard Senior Apartments is located 940 Brevard Street. 915 Caldwell is "not" a phase II of 940 Brevard. 915 Caldwell will be a stand alone project.

Site Amenities: The proposed project will include: community space of approximately 22,759 square feet, Resident Garden Plots, Walking Trails, Gazebo/Arbor, Picnic Area with Tables, Covered Drive Through and Drop Off at Entry, Sitting Area, Game and Craft Room, Exercise Room, Exam Room, Library/Reading Room, Resident Computer Room, TV Room, Vending Area and Storage Area.

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Onsite Activities: The Charlotte Housing Authority (CHA) will provide a variety of support services appropriate for the elderly population through the CHA Moving Forward program. The Moving Forward program is a federal demonstration program that focuses on service provision to promote self sufficiency and quality of life. These services may include Nutrition Programs (Meals on Wheels or County On-site Food Program), organized health activities such as exercise classes and health exams. Other services will be designed to address expressed needs of the residents.

Landscaping Plans: We have budgeted approxiamtely $110,000 for landscaping. Given that the site is relatively small this budget will provide for a substantial landscaped environment. A concerted planning effort will be made to blend the proposed site landscape with 940 Brevard and Alpha Mill by using similar plant materials and planting patterns. This approach will establish a relationship between the properties in the newly established neighborhood block over time as the landscapes mature over time.

Interior Apartment Amenities: The apartments will include: Range, Hood, Dishwasher, Disposal, Refrigerator, Storage, Mini-blinds, Pantry, Ceiling Fans, Walk-in Closets, Carpet, Vinyl, Alarm/Call System, and HVAC systems.

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. CHA is leading a major redevelopment effort in the urban area surrounding the proposed site. A 2004 HOPE VI Grant for Piedmont Courts of $20M has been utilized to recreate this neighborhood area. The HOPE VI Grant has directly and indirectly leveraged public and private resources in excess of $100M to transform the built environment in the area. The revitalization effort has included the development of 940 Brevard Senior Apartments; Seigle Point Apartments; Seigle Point Townhomes; The Seigle Point Community Center; McAden Apartments; Alpha Mills Apartments; redevelopment of the City Yards; significant investments by the City of Charlotte for planning efforts and infrastructre including an adopted small area plan; roads, utilities, stormwater and landscaping; moving industrial uses out of the area to create and sustain the residential character of the neighborhood. The site is also adjacent to the First Ward Neighborhood. First ward was also a revitalization effort spearheaded by CHA in the 1990's that resulted in one of the City's most desirable neighborhoods with a balance of affordable and market rate housing. CHA has won four revitalization grants and one demolition grant (First Ward, Piedmont Courts, Arbor Glen and The Park at Oaklawn as well as Belvedere, respectively) that have transformed each of the surrounding areas significantly. The award and the successful execution of these grants demonstrates CHA's ability to deliver on projects. They also indicate an endorsement by HUD and the City of Charlotte of CHA's redevelopment strategies. The development of this site will fill an urban infill site providing another piece of revitalization effort. The site of the proposed project is located between Caldwell and Brevard Streets and bound to the south by 12th Street, just outside Charlotte's uptown at the western edge of the Belmont Neighborhood and at the southern most edge of the Optimist Park Neighborhood. The site is across Brevard Street from the Alpha Mill, a late 19th Century textile mill that has been redeveloped (Completed in late 2007) into class A apartments that has reached stabilized occupancy. Immediately north accross the newly reconfigured New Calvine Street (A $1.45M City funded project that transformed a high speed connector road into a neighborhood street with on street parking) is the 940 Brevard Seniors Apartments. 940 Brevard, a tax credit project, was completed in late 2008 and is fully occupied with a waiting list of 26 and growing. The 2004 market study for the 940 project indicated demand for the senior low income product and the 940 project demonstrated that demand. 940 Brevard recieved its Certificate of Occupancy in late September 2008 and reached full occupancy by mid November 2008. The senior population in Charlotte continues to grow particulary in the lower wealth population. An aerial photo is included in the application package and demonstrates the relationships outlined above. 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 in the area is primarily multifmaily with some single family, office and light industrial which is consistent with an urban area and is compatible with residential development. The site is a few blocks from the center of the Central Business District (CDB) and the services and amenities that come with an urban CBD. A set of rail road tracks is active on the opposite side of the block from the site which are buffered by the Alpha Mill and 940 Brevard buildings. The building, as indicated on the provided site plan, will be located on the site at the greatest distance from the RR tracks possible and building techniques to be used will properly insulated the building. The City's Transit facility is located accross Caldwell Street from the site and the buses are parked on the site. The dramatic shift lower in site elevation brings the tops of the buses level with the street grade behind a retaining wall. The subject site is the primary undeveloped site in the immediate area. The private investment in Alpha Mill and the occucpnacy demand at 940 Brevard indicate the strength of the site's location and desirability to all economic ranges. The introduction of additional senior product will blend with the existing environment well. Also of

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note is the many churches that are located along North Tryon and in the Belmont and Optimist PArk Neighborhoods which tend to be of particulary interest to the senior population. The is site is within close proxmity to many goods and services as indicated below in the neighborhood feature section including a public health clinic at the Hal Marshall Center and Presbyterian Hosptial to name a few of interest. Also note that both the 940 Brevard and 915 Caldwell sites include +/- 1/2 acre sites for future developement of for sale multifamily product. The sites will allow for 30 to 60 units to be developed as one project at a later date. The future development will be at least three stories and no more than five in scale with the surrounding 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 site is well connected to the transportation network through residential streets, the Light Rail/Trolley (existing line three blocks away) and sidewalks as shown on the maps included in the application package. The site is properly buffered from the 277 inner loop by 12th street and the required set backs of the site's zoning category. However, this site will be highly visible to passing traffic entering and exiting the uptown Central Business District and associated amenities. The project is planning to include .5 parking spaces per unit given the elderly residents generally have fewer cars and tend to drive less and generate less traffic and burden on the transportation network. The site will have two points of ingress and egress both on residential oriented streets with adequate access and relatively low traffic. 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). The proposed site does not have any negative features that would impede development. The site does have a change in grade dropping approximately 10-15 feet from Caldwell Street toward Brevard Street. However, this grade change is being used to the projects advantage to create a future development site discussed below. Parking provided will exceed the zoning requirement. The site does not have any known environmental issues.

Similarity of scale and aesthetics/architecture between project and surroundings. The proposed 4 story mid-rise building at 915 Caldwell will compliment the exisitng urban oriented design of the 4 story development at 940 Brevard and Alpha Mill. The proposed development will use brick, metal and hardiplank in a similar method to blend and contrast with the existing environment. The color palate will also be implemented in a fashion to distinguish the proposed devlopment's identity but not clash with the exisiting character on the neighborhood.

For each applicable neighborhood feature, enter distance from project in miles.
.6 1.3 .79

Grocery Store Mall/Strip Center Outdoor Athletic

.3 1.3 .7

Community/Senior Center Hospital Pharmacy

Fields
.3

Day Care/After

.2 .1

School
.1 .25

Basic Health Care Public Transportation

Schools Convenience Store

Stop
.2

Public Parks

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.62

Gas Station

.6

Library

Other facilities or services: The site location is a few blocks from Charlotte's Central Business District and affords the residents a full compliment of services and entertainment opportunities. Museums, theathers, libraries, restaurants, sporting events, concert halls and office buildings are within walkable distances from within a 1/2 mile to about one mile. Charlotte' transportation center is about a 1/2 mile from the site offering access to the hub of the Public Transit System. Only a site located in an expanding and vibrant urban condition offers such a wide range of options and opportunities for services and amenities.

https://www.nchfa.org/Rental/RTCApp/(S(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (21 of 22)4/8/2009 1:42:15 PM

Print - APP09-0105

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(mj3rrl55s...90D5531AC2&SNID=98E52B0EBEF24720A7DA5C9B9E4B1851 (22 of 22)4/8/2009 1:42:15 PM

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