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(apartments, townhomes, etc.). Also, include a list of each unit type, total tenant paid utilities, contract <br />rent, and gross rent. <br />Letter of Intent to Produce a Cooperatively Developed Housing Plan*: <br />For developments proposing some form of non project -based rental assistance, such as Section 8, portable <br />tenant based, formal recommendation for McKinney Vento funding, HUD operating subsidy or other similar <br />rent assistance programs approved by Minnesota Housing, submit a letter of intent to produce a <br />cooperatively developed housing plan/agreement which is signed by the applicant and the Local Housing <br />Authority or other similar entity along with the completed Agreement to Utilize Public Housing and Section <br />8 Waiting Lists. <br />Commitment for Project Based Rental Assistance*: (submit electronically) <br />For proposals including project -based rental assistance, at time of application the applicant must submit a <br />fully executed binding commitment* for the project -based assistance (*binding Resolution/Letter of <br />Approval from the governing body). As a condition of Carryover or 8609, the applicant must submit a fully <br />executed copy of the contract for the project -based assistance to be included in the development. Various <br />combinations of contract terms may apply. It is important that applicants also refer to the self -scoring <br />worksheet for additional details/requirements. <br />Regulatory Cost Avoidance/Cost Reduction Documentation*: <br />Provide documentation of the terms and conditions of a regulatory cost avoidance/cost reduction measure <br />from the contributor of the assistance or authorized local official. The documentation shall be in the form of <br />a project specific letter of intent, city or council resolution, letter of approval, statement of agreement or <br />eligibility, memorandum of understanding, or in case of historic credits, a letter from Minnesota's State <br />Historic Preservation Office (SHPO). Also provide the calculation method and expected dollar amount of the <br />cost savings for this proposal. For tax credit developments using historic credits, there must be satisfactory <br />documentation that the resource will provide additional investment capital to the development that will <br />reduce the demands on the state and federal housing resources. <br />Preliminary Architectural/Construction Requirements for New Construction: (submit electronically) <br />For building schematics: <br />o Site Plan (generally no less than 1/32" per foot scale for the original, printable on no larger than 11X17 for <br />electronic submission) <br />o Building Plans (generally no less than 1/16" per foot scale and printable on no larger than 11X17 for <br />electronic submission) <br />o Typical dwelling unit plans (generally no less than 1/8" per foot scale and printable on no larger than <br />11X17 for electronic submission) <br />o Building elevations (generally no less than 1/16" per foot scale and printable on no larger than 11X17 for <br />electronic submission); and <br />o Building Section (generally no less than 1/16" per foot scale and printable on no larger than 11X17 for <br />electronic submission) <br />Scope of Work for Acquisition and/or Rehabilitation of Existing Building(s): (submit electronically) <br />A scope of work must be submitted for each building. Housing credit properties must provide a minimum of 15 <br />years, and often 30 years or more of affordable housing use. A capital needs assessment represents a qualified <br />professional's opinion of a property's current overall physical condition and identifies significant deferred <br />maintenance, existing deficiencies, and material building code violations that affect the property's use and its <br />structural and mechanical integrity. Selected applicants receiving tax credits for rehabilitation are strongly <br />encouraged to get a capital needs assessment by a competent third party, such as a licensed architect or <br />engineer. The assessment should include a site visit and physical inspection of the interior and exterior of units <br />and structures, as well as an interview with available on -site property management and maintenance personnel <br />to inquire about past repairs/improvements, pending repairs, and existing or chronic physical deficiencies. The <br />assessment should also consider the presence of hazardous materials on site. <br />If a current Capital Needs Assessment performed by a qualified individual is available at the time of <br />application, it must be submitted with the application package. If one is required for the proposal by <br />2012 Housing Tax Credit Procedural Manual I 36 <br />