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�01209440 <br />Project Subject to a Right of First Refusal: Yes (Housing Development Corporation) <br />Income Election Set-aside for IRS purposes <br />Applicable Set-Aside Percentage(s): 40% <br />Applicable Income Percentage(s): 60% <br />Targ:eted Rent Levels <br />100% of the Qualified Units (24 units) will ha�e overall rents affordable at or below 48.12% of the applicable area <br />median income. <br />Required Number of Years: Compliance Period: 30 years Extended Use period: IS years (45 years total) <br />Qualified Contract Required Number of Years from Occupancy Date: 30 years <br />Other conditions of targeting: Elderly 55+ and including but not limited to as set forth in the LIHTC Application <br />Lender(s): Horizon Bank <br />Housing Development Corporation <br />