GW Townhouse Affordable Housing Units December 28, I. Project Description:

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1 GW Townhouse Affordable Housing Units December 28, 2012 I. Project Description: Three Row houses: 1 o 2142 F Street: 3 units Two 1-Bedroom Units One 2-Bedroom Unit o 2146 F Street: One 1-Bedroom Unit One 3-Bedroom unit o 2150 F Street: One 2-Bedroom English basement unit One 3-Bedroom unit Units all based on affordability to 80% AMI Rents based on 30% HHI exclusi of utilities 2 30 year term Program will be self-administered, either by GW or by qualified 3 rd party management company/certifying Authority. Owner will select a Certifying Authority, subject to the approval of DHCD. The Certifying Authority will review Household Income information, manage the marketing of units (as appropriate) and issue Household s Certification of Income for Affordable Units. Program enforcement by DHCD II. Rental Formula: The maximum allowable monthly rent for each Rental Affordable unit shall be determined through the use of this following formula. MAR = AMI * 80% * OSF* 30% MAR= Maximum Allowable Rent AMI = Area Median Income OSF = Occupancy Standard Factor AMI: The most current area median income (also known as the median family income or MFI ) for household of four persons in the Washington Metropolitan Statistical Area as periodically published by HUD, without regard to any adjustments made by HUD for the purposes of the programs it administers. OSF: The factor related to the assumed number of occupants for the purpose of establishing the Maximum Allowable Rent and Maximum Annual Household income, as set forth in the following table. 1 Program mix is based on conceptual planning. Any proposed changes from this mix will be reviewed with and approd by DHCD and OP. 2 Utilities will be paid directly by tenant to utility companies, outside of established rents. Units will be deloped using energy-efficient construction practices, including the deliry of energy-star appliances and energy efficient building systems, which are anticipated to further reduce the total housing costs associated with the affordable units.

2 Size of Affordable Unit Occupancy Pricing Standard Occupancy Standard Factor Efficiency/Studio Bedroom Bedroom Bedroom Maximum Annual Household Income (MAXI): Maximum Annual Household Income is determined by the formula: MAXI = AMI * 80% * OSF Minimum Annual Household Income (MINI): The Minimum Annual Household Income is determined by multiplying the total monthly Housing Costs (Monthly Rental +MU) by twel (12) and dividing this number by 38%. III. Initial Marketing: GW will delop an affordable unit marketing plan that sets forth its plan for marketing the affordable units to households who may be qualified tenants. The marketing plan will be subject to DHCD review and approval (within specified # of days) prior to commencement of any marketing of units. The basic elements of the plan will include traditional marketing measures to adrtise availability as well as use of a lottery system to select the initial households. After notification, The selected household will ha 3 business days to contact owner/leasing office of interest and provide qualification information (to rify eligibility). If the selected household does not qualify or is not interested, another household will be selected from the lottery. Remaining qualified applicants will be placed on waitlist based on priority assignment determined by random lottery until requested to be remod. IV. Future Marketing: Use existing waitlist (clean up waitlist ery 6 months) based on pre-assigned priority. New Households added to waitlist will be assigned priority by date (for unit requesting). V. Program Administration: Work with DHCD to define appropriate: o Lease rider o Rent formula o Marketing o Recertification criteria for lease renewals (140%) Ongoing tenant certification to be completed by Certifying Agent/Owner (meeting DHCD standards) Annual reporting to DHCD

3 CAMPUS BOUNDARY PROPOSED HISTORIC DISTRICT BOUNDARY ngton cle Washington K Street Circle DESIGNATED HISTORIC LANDMARK K Street PROPOSED HISTORIC LANDMARK DEVELOPMENT SITES APPROVED AS PART OF 2007 FOGGY BOTTOM CAMPUS PLAN AND ACCOMPANYING FIRST-STAGE PUD. 39A Ne w 23rd Street nia Av UNDARY e N 55 41B V ir F Street gin i W PROPOSED HISTORIC DISTRICT BOUNDARY DESIGNATED HISTORIC LANDMARK 102A 102 I Street Av en 2146 F ST NW 2150 F ST NW F STREET ELEVATION - SELECTED BUILDINGS G Street 77C 77D H Street 80A A3 79 Unirsity Yard ia A B 103A 56A ia CAMPUS BOUNDARY 75B PenKogan Plaza nsy lvan B3 77A 77 B2 aa NW V ir gin 79 B1 80A H Street Unirsity Yard 75A 41A Ha m ps G Street 102 B 101A K Street 102A A F ST NW Kogan Plaza 101A 102A 102 B F Street Unirsity Yard 103A 20th Street 56A Kogan Plaza 22nd Street 21st Street Washington Circle 39A 79 B3 77A 77 B2 101A H Street A3 55 HISTORIC PRESERVATION PLAN 77C 77D L Street 21st Street B1 aa 21st Street B3 77A 77 B2 41B sylv ani 20th Street 77C 77D 22nd Street 41A 23rd Street 22nd Street 56A I Street hir ea a A 75B I Street 75B B1 Pen n 75A 20th Street Av e m ps hir e Ha 55 Ne w Pen 54 nsy lvan i 75A 54 G Street 103A 80A F Street W PROJECT SITE: 2142, 2146, AND 2150 F STREET NW PROPOSED S PART OFHISTORIC LANDMARK AND DEVELOPMENT SITES APPROVED AS PART OF BOTTOM CAMPUS PLAN: AND. FOGGY ACCOMPANYING FIRST-STAGE PUD. HISTORIC PRESERVATION PLAN Foggy Bottom Campus Plan: s Plan: Foggy BottomFOGGY Campus Plan: BOTTOM CAMPUS May 2007 PLAN 2142 F ST NW May F ST NW 2150 F ST NW May 2007 SITE 75A: RENOVATION OF F STREET ROW HOUSES FOR AFFORDABLE HOUSING OCTOBER WASHINGTON, DC WASHINGTON, DC

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