Exhibit B

Capital Area Housing Finance Corporation
Residential Development Financing Questionnaire

Article I.          Information Relating To The Applicant

              1.     Owner / Applicant Information:

 Full Legal Name                                                                                                                    

 Mailing Address (street)                                                                                                        

 City                                                      State                            Zip                                         

 Phone                                                               Fax                                                                

 Soc. Sec. # or Fed. I.D. #                                                                                                      

              2.     (a) Form of organization of the Applicant (Attach organizational documents).

_____ For Profit Corporation

_____ Limited Liability Company

_____ Limited Partnership

_____ General Partnership

_____ Sole Proprietorship

_____ 501 (c) (3) Corporation

_____ Governmental Entity

           (b)     If the Applicant is a 501(c)(3) corporation, please attach a copy of the IRS exemption letter for such corporation, the application to the IRS requesting an exemption letter and the articles of incorporation and bylaws of the Applicant.

              3.     Indicate the state under whose laws the Applicant is organized and the date of organization.

              4.     If the Applicant is a corporation or limited liability company identify its officers and directors and indicate their titles. If the Applicant is a partnership, identify all of its general partners.  Please provide the social security numbers for each officer, director and/or partner.

             5.     Name and address of all persons who own a 10% or greater interest in the Applicant.  Please provide the social security numbers for all such persons.

              6.     Name, address and telephone number of the representative of the Applicant with whom the Corporation should communicate.

              7.     Development Team Information:

(a)  Tax Credit Investor (Firm)                                                                          

      Contact Person                                                                                            

      Address                                                                                                       

      Phone                                               Fax                                                     

(b)  Tax Credit Investor Counsel (Firm)                                                            

      Contact Person                                                                                            

      Address                                                                                                       

      Phone                                               Fax                                                     

(c)  Owner’s Attorney (Firm)                                                                            

      Contact Person                                                                                            

      Address                                                                                                       

      Phone                                               Fax                                                     

(d) Contractor (Firm)                                                                                        

      Contact Person                                                                                            

      Address                                                                                                       

      Phone                                               Fax                                                     

(e)  Architect (Firm)                                                                                          

      Contact Person                                                                                            

      Address                                                                                                       

      Phone                                               Fax                                                     

(f)  Management Entity (Firm)                                                                            

Contact Person                                                                                               

Address                                                                                                          

Phone                                                   Fax                                                    

Attach Resume and/or Financial Statements (if applicable) of each team member (firm) identified above

             8.     Summarize prior development, ownership and management experience of the Applicant or its principals, indicating date of project, type of project, location of project and method of financing.

             9.     Does the Applicant anticipate entering into a profits participation or joint venture agreement with a financial institution or other party with regard to the Project?  If so, explain and attach any agreements between the parties.

           10.     Does the Applicant intend to apply for property tax abatement in connection with the Project?

Article II.         Information Relating To The Project

             1.     Street address and description of exact location of the Project site.  Please attach a legal description of the boundaries of the Project site and a map of the area with the Project site highlighted.

             2.     Describe any existing improvements or structures presently located on the Project site.  If none, please write “none.”

             3.     Indicate the approximate size (in acres or square feet) of the Project site.

             4.     Does the Applicant now own the Project site?

                        (   ) Yes                       (   ) No

             5.     If the Applicant presently owns the Project or Project site, indicate:

Purchase Date:                                                                       

Purchase Price:                                                                       

Balance of Existing Mortgage:                                              

Holder of Existing Mortgage:                                                

             6.     If the Applicant presently holds an option to purchase the Project or Project site, indicate:

Present Owner:                                                          

Date of Option Agreement:                                       

Purchase Price:                                                           

Expiration Date of Option Agreement:                     

             7.     If the Applicant has executed a contract to purchase the Project or Project site, indicate:

Present Owner:                                                          

Date of Contract:                                                       

Purchase Price:                                                           

Settlement Date:                                                        

             8.     If the Applicant does not presently own the Project or Project site, please describe any relationship which exists by virtue of common control or ownership between the Applicant and the present owner of the Project or Project site.  If none, please write “none.” 

             9.     What is the present number and general description of residential units on the Project site.  If none.  Please write “none”.

           10.     Does the Project consist of additions to and/or renovation and rehabilitation of existing units?

_____ Yes       _____ No

                     If yes, answer the following questions:  (Attach separate sheets as necessary.)

              (a)      Age of units:

              (b)      Describe the proposed additions and improvements to be made.  Include a description of the type of improvements and amount to be spent per unit and for common areas.  (See Article II.E. for reference to Internal revenue Service regulations applicable to rehabilitation.)

              (c)      Provide data on present vacancy rates and rents by unit size.

             (d)      Attach recent photos of the Project.

              (e)      List a breakdown for total project improvements by cast and category.

           11.     Indicate the number, type (number of bedrooms and bathrooms), approximate size (square footage), and projected monthly rents of the dwelling units included or to be included in the Project.

           12.     Describe any additional facilities included or to be included in the Project, such as parking, laundry, office or recreational facilities.  If any of such facilities are expected to generate income, indicate projected amount of such income.

           13.     Describe the overall style of the Project (e.g., garden apartments, multi‑level, high‑rise), exterior construction materials, energy conservation considerations and landscaping design.  Attach a site sketch showing proposed location of the units on the Project site and an architect’s rendering if available.

           14.     Provide a pro forma cash flow statement for the Project’s first three years of occupancy after the requested financing and attach same as Exhibit “__” to this Application.  Include assumptions and, specifically, administrative, operating and maintenance costs, taxes, and cash flow available for debt service for each of the three years.

           15.     Indicate the percentage of the Project costs for which the Applicant desires financing and the amount of equity investment in the Project which the Applicant proposes to make.

           16.     Indicate the type and amount of costs expended (including orders for any Project equipment or furnishings) with respect to the Project to the current date.  If none, please write “none.”

           17.     Management Information:  Attach as Exhibit “__” information concerning prior management experience including projects managed, number of units in each project and number of years of project management.  Estimate the fee to be paid to such managing agent.

           18.     Indicate number of residences or businesses displaced by construction or rehabilitation of the Project, if any.  (If none, please write “None.”)  Describe procedures to be used to minimize impact of any displacement.  If relocation is necessary attach Relocation Plan.

Article III.       Information Relating To Construction

             1.     Has construction of the Project begun?

_____ Yes                   _____ No

If yes, give date construction began:                                                 

If no, give estimated date for commencement of construction:                    

             2.     State estimated date of completion:                                         

             3.     State estimated date Project will be initially available for occupancy:                         

             4.     Contractor Information:  Attach information concerning projects previously completed by the contractor.  Include location, year of completion, number of units and approximate construction cost of each project.

             5.     Architect Information:  Attach information concerning projects designed by the architect.

Article IV.       Information Relating To The Financing

             1.     Indicate any other rent supplement, loan guarantee, grant or mortgage insurance for which the Applicant has made, or intends to make, application with respect to the Project.  If none, please write “none.”

             2.     Please describe all sources of financing for the Project.

             3.     Has any member of the identified Development Team filed/declared bankruptcy or reorganization under bankruptcy regulations?  If yes, please explain.