a market conditions and project evaluation summary of - Georgia ...

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STATEMENT OF PROFESSIONAL QUALIFICATIONS MICHALENA M. SUKENIK I. Education Union College, Schenectady, New York Bachelor of Arts in Cultural Anthropology Union College Study Abroad, St. Lucy, Barbados II. Professional Experience Principal, Novogradac & Company LLP (Start date: September 2002 - present) Dallas / Fort Worth and Atlanta Research Manager, CoStar Group, Inc. Senior Research Analyst / Newswire Editor, CoStar Group, Inc. III. Professional Training and Continuing Education Member, National Council of Affordable Housing Market Analysts (NCAHMA) Attended HUD Community Development Block Grant (CDBG) 30 th Anniversary Conference, September 13-14, 2004, Washington, DC Successfully completed “Introduction to Commercial Real Estate Analysis” and “Financial Analysis for Commercial Real Estate Investment” IV. Real Estate Assignments A representative sample of Due Diligence, Consulting, or Valuation Engagements includes: • Conducted numerous market and feasibility studies for affordable housing. Properties are generally Section 42 Low Income Housing Tax Credit Properties. Local housing authorities, developers, syndicators and lenders have used these studies to assist in the financial underwriting and design of LIHTC properties. Analysis typically includes; unit mix determination, demand projections, rental rate analysis, competitive property surveying and overall market analysis. • Prepared a comprehensive city wide housing market analysis for the City of Biloxi, MS which included a housing needs assessment. • Prepared a comprehensive neighborhood housing market analysis for the New Orleans East neighborhood in New Orleans, LA for the Louisiana Housing and Finance Agency. The study focused on the housing and economic trends Pre- and Post- Hurricane Katrina and overall housing needs in that neighborhood. • Assisted in preparing an approved HUD Consolidated Plan for the City of Gainesville, GA; which included a housing and homeless needs assessment, market analysis, non-housing needs analysis, and a strategic plan, which conformed to 24CFR Part 91, Consolidated Plan Regulations for the ensuing five-year period (2004-2009). • Assisted in preparing a comprehensive senior housing study in Seattle, Washington for the Seattle Housing Authority. This study evaluated the Seattle Housing Authority’s affordable senior housing project for their position within the entire city’s senior housing market. The research involved analysis of the senior population by neighborhood, income, household size, racial composition, and tenure. • Conducted market studies for senior projects in Alabama, Alaska, Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, Washington, and Wisconsin. • Assisted in appraisals of proposed new construction and existing Low-Income Housing Tax Credit properties. • Assisted in the preparation of Rent Comparability Studies and HUD MAP Market Studies according to HUD guidelines.
STATEMENT OF PROFESSIONAL QUALIFICATIONS NICOLE KELLEY I. Education Auburn University, Auburn, Alabama Bachelor of Science in Business Administration Auburn University, Auburn, Alabama Mater of Business Administration II. Professional Experience Analyst, Novogradac & Company LLP (Start Date: May 2006 – Present) Intern, Bullock Mannelly Partners Graduate Assistant, Auburn University College of Business III. Research Assignments A representative sample of Due Diligence, Consulting, or Valuation Engagements includes: • Assisted with market studies of proposed new construction and existing Low- Income Housing Tax Credit (LIHTC) properties. Market analysis includes preliminary property screenings, market analysis, comparable rent surveys, and demand analysis. • Assisted in appraisals of proposed new construction and existing Low-Income Housing Tax Credit properties. • Assisted in the preparation of Rent Comparability Studies according to HUD guidelines.
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A MARKET CONDITIONS AND PROJECT EVA
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Mr. Douglas S. Faust Executive Dire
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author or the firm with which he or
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TABLE OF CONTENTS A. EXECUTIVE SUMM
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EXECUTIVE SUMMARY AND CONCLUSIONS A
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Allen Wilson Phase III, Decatur, GA
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B. PROJECT DESCRIPTION
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Comp # Subject Effective Rent Date
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C. SITE EVALUATION
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Novogradac & Company LLP 21 Allen W
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D. MARKET AREA
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Comparable Properties Allen Wilson
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F. EMPLOYMENT TRENDS
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PROJECT-SPECIFIC DEMAND ANALYSIS
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Novogradac & Company, LLP 61 Allen
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Allen Wilson III, Decatur, GA; Mark
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Comparable Rental Property Map Alle
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SUMMARY MATRIX Comp # Project Dista
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Effective Rent Date 5/23/2012 Locat
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Allen Wilson Phase I, continued Tre
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Auburn Glenn, continued Unit Mix (f
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Effective Rent Date 5/03/2012 Locat
Page 85 and 86: Columbia Village, continued Trend R
Page 87 and 88: Effective Rent Date 5/02/2012 Locat
Page 89 and 90: Retreat At Edgewood, continued Amen
Page 91 and 92: Robins Landing Apartments, continue
Page 95 and 96: Archstone Decatur Crossing (fka Gra
Page 97 and 98: Ice House Lofts, continued Amenitie
Page 101 and 102: Jackson Square, continued Trend Rep
Page 103 and 104: Villages Of East Lake I And II, con
Page 105 and 106: Villages Of East Lake I And II, con
Page 107 and 108: 2. The following information is pro
Page 109 and 110: Allen Wilson Phase III, Decatur, GA
Page 111 and 112: Allen Wilson Phase III Allen Wilson
Page 133 and 134: I. Education STATEMENT OF PROFESSIO
Page 135: H. Blair Kincer Qualifications Page
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