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' PART 1V.. PROJECT DEVELOPMENT COSTS DESCRIPTION l 2 3 <br /> TOTAL COSTS 30%PV 70%PV 9 <br /> ELIGIBLE BASIS ELIGIBLE BASIS <br /> I. Purchase of Building(s)(Rehab) <br /> 2. Demolition <br /> 3. On-Site Improvements <br /> 4. Rehabilitation <br /> 5. Construction of New Buildings(s) <br /> 6. Accessory Building(s) <br /> 7. General Requirements (Max. 6%of lines 2 thru 6) <br /> 8. Contractor Overhead (Max.2%of lines 2 thru 7) • <br /> 9. Contractor Profit (Max. 8%of lines 2 thru 7;6%if identity of interest) <br /> 10. Construction Contingency <br /> It. Architect's Fee-Design <br /> 12. Architect's Fee-Inspection <br /> 13. Construction Insurance (Prorate) <br /> 14. Construction Loan Ori ination Fee Prorate <br /> 15. Construction Loan Interest (Prorate) <br /> 16. Construction Loan Credit Enhancement (Prorate) <br /> 17. Construction Period Taxes <br /> anx.• e. i ri ....... <br /> 18. Bond Premium .w :.. ........'•�,E#z<:::>:>;:..�.:�:�.:«,;;.;:,,,.:.;:�.:<.:; :a>::�::: <br /> 19. Credit Report <br /> 20. Survey <br /> 21. Property Appraisal (Feasibility) <br /> 22. Environmental Report <br /> 23. Market Stud <br /> 24. Permanent Loan Origination Fee ;. . ``x?}' <br /> ..a .:•::s:: <br /> 25. Permanent Loan Credit Enhancement <br /> 26. Cost of Issuance .......... •..•� ;Y::s <br /> 27. Title and Recording <br /> 28. Real Estate Attorney <br /> 29. Other Attorney's Fees <br /> 30. Organizational (Partnership) <br /> 31. Tax Credit Application Fee 5%x Annual Credits <br /> 111 W <br /> 32. Tax Credit Monitoring Fee (5375 x it of Units) ''"'`"` <br /> 33. Cost Certification <br /> 34. Fumishings and Equipment <br /> 35. Consultant <br /> 36. Other <br /> 37. Developer's Fee (Max 15%of fines 2 thru 36, less lines 8 do 9) • <br /> 38. Placement Fee "' <br /> 39. Tax Opinion <br /> 40. Rcnt-Up Expenses <br /> ................ ..' ... ... k< <br /> 4l. Rent-Up Reserve al ::s:.w::.::. <br /> 42. Operating Reserve < <br /> 43. Relocation Expenses <br /> 44. DEVELOPMENT COST Sum of lines I thru 43 <br /> 45. Less Federal Financing (Other than CDBG) <br /> 46. Less Disproportionate Standard <br /> 47. Less Non qualified Nonrecourse Financing <br /> 48. Less Historic Tax Credit (Residential Portions <br /> 49. TOTAL ELIGIBLE BASIS (Line 44 less lines 45 thty 48 <br /> 50. Applicable Fraction %of units occupied by low-income occupants) % % <br /> 51. TOTAL QUALIFIED BASIS (Line 49 multiplied by line 50 <br /> 52. Tax Credit Rate % % <br /> 53. AMOUNT OF TAX CREDITS Line 51 multiplied by line 52 <br /> 54. TOTAL AMOUNT OF TAX CREDITS REQUESTED <br /> 55. Cost of Land • See Allocation Plan <br /> 56. TOTAL REPLACEMENT COST Line 44+55 Shaded items are excluded from Eligible Basis. <br /> (11)-Part A,Page 9 of 12 0126/96 <br />