Community Development Department & Housing & Community Revitalization Joint Venture Rental Program 310 West Martin Street, Raleigh, NC 27602

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1 CITY OF RALEIGH and WAKE COUNTY Community Development Department & Housing & Community Revitalization Joint Venture Rental Program 310 West Martin Street, Raleigh, NC Part I. General Project Information Project Name and Address Project Name Street Address Autumn Spring - A Congregate Care Community 3701 Eck Drive City Raleigh State rth Carolina Zip Code Raleigh City Limits - Scattered Site Priority Area Status Area 1 Area 2 Area 3 Area 4 Proposed Existing Applicant Information Sponsor or Developer Street Address Evergreen Construction Company 7706 Six Forks Road City Raleigh State NC Zip Code Contact Person Timothy G Morgan Telephone Title Vice President Facsimile tim@spectrum-evergreen.com Ownership Entity Owner/Borrower Street Address Autumn Spring Housing Associates, LLC 7706 Six Forks Road City Raleigh State NC Zip Code Taxpayer Identification To Be Formed General Partner Lyle D Gardner If In Raleigh City Limits Status of Entity For-Profit nprofit Other Entity Exists Entity to be Formed Low-Income Housing Type(s) Requested Building Information (Buildings) (Sq. Ft.) New Construction Accessory Buildings Acquisition/Substantial Rehabilitation Occupied Vacant Recreational Facilities Substantial Rehabilitation Only Occupied Vacant Residential Buildings 1 51,576 Distressed Federally Assisted Project Total 1 51,576 Project Receiving Federal Subsidies Occupancy (# of Units) Amenities Housing Type (Units) Family Range Townhouse Elderly 48 Refrigerator Garden 48 Individual Garbage Disposal Detached Single Family Total 48 Dishwasher Kitchen Exhaust Fan Detached Two Family Elevator* 1 Number of Units Air Conditioning Total 48 Market Rate Low-Income 48 Laundry Facilities Washer/Dryer Hookup * Number of stories: 2 Total 48 Low Income Occupancy Years Restricted Please indicate how this will be accomplished (deed restriction, land covenant, tax credit agreement, second lien, etc.): Deed Restriction/Tax Credit Agreement Joint Venture Rental Program Page 1

2 Site Information Total Area (Acres) 4.26 Total Area (Sq. Ft.) 185,566 Fee Simple Ownership Will the property be owned in fee simple (site and/or buildings)? Leasehold If the property is not owned in fee simple, will the property be leased? t Applicable Appraisal Does the applicant have an appraisal of the property less than one year old? Identity of Interest Does an identity of interest (direct or indirect) exist between the applicant, owner and/or seller of the property? Environmental Risk Factors Is the applicant aware of any environmental risk factors involving the property? Flood Plain Is the site located in a flood plain? Relocation For existing structures, are buildings currently occupied? Historic Structures Does the property contain any structures of historical significance? Zoning Information Current Zoning Classification R-6 Rezoning is necessary to permit multifamily housing (specify) Rezoning is not necessary; multifamily housing is a permitted use (specify) Multi-family permitted. Utility Availability Check if the capacity of the current system is adequate and utilities are available at the site Storm Sewer Water Sanitary Sewer Electric Type of Heat Type of Hot Water Type of Air Conditioning Gas Forced Air Gas Electric Window Electric Baseboard Electric Electric Forced Air Electric Heat Pump Development Schedule (Dates) Stage of Development Phase I Phase II Phase III Acquisition Construction Start Construction Completion Placed in Service Sustaining Occupancy 10/01/08 03/01/09 05/01/10 05/01/10 12/01/10 Joint Venture Rental Program Page 2

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20 CITY OF RALEIGH and WAKE COUNTY Community Development Department & Housing & Community Revitalization Joint Venture Rental Program 310 West Martin Street, Raleigh, NC Part I. General Project Information Project Name and Address Project Name Street Address Mingo Spring - A Senior Living Community Mingo Bluff Boulevard City Knightdale State rth Carolina Zip Code Raleigh City Limits - Scattered Site Priority Area Status Applicant Information Sponsor or Developer Street Address Evergreen Construction Company 7706 Six Forks Road City Raleigh State NC Zip Code Contact Person Timothy G Morgan Telephone Title Vice President Facsimile tim@spectrum-evergreen.com Ownership Entity Owner/Borrower Street Address Mingo Spring Housing Associates, LLC 7706 Six Forks Road City Raleigh State NC Zip Code Taxpayer Identification To be Formed General Partner Lyle D. Gardner If In Raleigh City Limits Status of Entity Low-Income Housing Type(s) Requested Building Information (Buildings) (Sq. Ft.) New Construction Accessory Buildings Acquisition/Substantial Rehabilitation Occupied Vacant Recreational Facilities Substantial Rehabilitation Only Occupied Vacant Residential Buildings 1 50,300 Distressed Federally Assisted Project Total 1 50,300 Project Receiving Federal Subsidies Occupancy (# of Units) Amenities Housing Type (Units) Family Range Townhouse Elderly 48 Refrigerator Garden 48 Individual Garbage Disposal Detached Single Family Total 48 Dishwasher Kitchen Exhaust Fan Detached Two Family Elevator* 1 Number of Units Air Conditioning Total 49 Market Rate Low-Income 48 Laundry Facilities Washer/Dryer Hookup * Number of stories: 2 Total 48 Low Income Occupancy Years Restricted Area 1 Area 2 Area 3 Area 4 Proposed For-Profit nprofit Other Entity Exists Entity to be Formed Please indicate how this will be accomplished (deed restriction, land covenant, tax credit agreement, second lien, etc.): Deed Restriction/Tax Credit Agreement Existing Joint Venture Rental Program Page 1

21 Site Information Total Area (Acres) 2.67 Total Area (Sq. Ft.) 116,305 Fee Simple Ownership Will the property be owned in fee simple (site and/or buildings)? Leasehold If the property is not owned in fee simple, will the property be leased? t Applicable Appraisal Does the applicant have an appraisal of the property less than one year old? Identity of Interest Does an identity of interest (direct or indirect) exist between the applicant, owner and/or seller of the property? Environmental Risk Factors Is the applicant aware of any environmental risk factors involving the property? Flood Plain Is the site located in a flood plain? Relocation For existing structures, are buildings currently occupied? Historic Structures Does the property contain any structures of historical significance? Zoning Information Current Zoning Classification RMX Rezoning is necessary to permit multifamily housing (specify) Rezoning is not necessary; multifamily housing is a permitted use (specify) Multi-Family is already permitted. Utility Availability Check if the capacity of the current system is adequate and utilities are available at the site Storm Sewer Water Sanitary Sewer Electric Type of Heat Type of Hot Water Type of Air Conditioning Gas Forced Air Gas Electric Window Electric Baseboard Electric Electric Forced Air Electric Heat Pump Development Schedule (Dates) Stage of Development Phase I Phase II Phase III Acquisition Construction Start Construction Completion Placed in Service Sustaining Occupancy 12/31/08 03/01/09 05/01/10 05/01/10 12/01/10 Joint Venture Rental Program Page 2

22 CITY OF RALEIGH and WAKE COUNTY Community Development Department & Housing & Community Revitalization Joint Venture Rental Program 310 West Martin Street, Raleigh, NC Part I. General Project Information Project Name and Address Project Name Street Address City Sandy Ridge Apartments 46 N. Selma Road Wendell State rth Carolina Zip Code Raleigh City Limits - Scattered Site Priority Area Status Applicant Information Sponsor or Developer Street Address Evergreen Construction Company 7706 Six Forks Road City Raleigh State NC Zip Code Contact Person Timothy G. Morgan Telephone Title Vice President Facsimile tim@spectrum-evergreen.com Ownership Entity Owner/Borrower Street Address Sandy Ridge Housing Associates, LLC 7706 Six Forks Road City Raleigh State NC Zip Code Taxpayer Identification To Be Formed General Partner Lyle D Gardner If In Raleigh City Limits Status of Entity Low-Income Housing Type(s) Requested Building Information (Buildings) (Sq. Ft.) New Construction Accessory Buildings 1 1,003 Acquisition/Substantial Rehabilitation Occupied Vacant Recreational Facilities Substantial Rehabilitation Only Occupied Vacant Residential Buildings 9 54,879 Distressed Federally Assisted Project Total 10 55,882 Project Receiving Federal Subsidies Occupancy (# of Units) Amenities Housing Type (Units) Family 45 Range Townhouse 37 Elderly Refrigerator Garden 8 Individual Garbage Disposal Detached Single Family Total 45 Dishwasher Kitchen Exhaust Fan Detached Two Family Elevator* Number of Units Air Conditioning Total 45 Market Rate Low-Income 45 Laundry Facilities Washer/Dryer Hookup * Number of stories: 2 Total 45 Low Income Occupancy Years Restricted Area 1 Area 2 Area 3 Area 4 Proposed For-Profit nprofit Other Entity Exists Entity to be Formed Please indicate how this will be accomplished (deed restriction, land covenant, tax credit agreement, second lien, etc.): Recorded Deed Restriction/tax credit agreement Existing Joint Venture Rental Program Page 1

23 Site Information Total Area (Acres) 4.58 Total Area (Sq. Ft.) 199,505 Fee Simple Ownership Will the property be owned in fee simple (site and/or buildings)? Leasehold If the property is not owned in fee simple, will the property be leased? t Applicable Appraisal Does the applicant have an appraisal of the property less than one year old? Identity of Interest Does an identity of interest (direct or indirect) exist between the applicant, owner and/or seller of the property? Environmental Risk Factors Is the applicant aware of any environmental risk factors involving the property? Flood Plain Is the site located in a flood plain? Relocation For existing structures, are buildings currently occupied? Historic Structures Does the property contain any structures of historical significance? Zoning Information Current Zoning Classification R-10 Rezoning is necessary to permit multifamily housing (specify) Rezoning is not necessary; multifamily housing is a permitted use (specify) Multi-family already permitted. Utility Availability Check if the capacity of the current system is adequate and utilities are available at the site Storm Sewer Water Sanitary Sewer Electric Type of Heat Type of Hot Water Type of Air Conditioning Gas Forced Air Gas Electric Window Electric Baseboard Electric Electric Forced Air Electric Heat Pump Development Schedule (Dates) Stage of Development Phase I Phase II Phase III Acquisition Construction Start Construction Completion Placed in Service Sustaining Occupancy 10/01/08 03/01/09 05/01/10 05/01/10 12/01/10 Joint Venture Rental Program Page 2