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Income Election Set -aside for IRS purposes <br />Applicable Set -Aside Percentage(s): 40% <br />Applicable Income Percentage(s): 60% <br />Targeted Rent Levels <br />2015076:)9 <br />100% of the Qualified Units (20 units) will have overall rents affordable at or below 44.92% of the applicable area <br />median income. <br />Required Number of Years: Compliance Period: 30 years Extended Use period: 15 years (45 years total) <br />Qualified Contract Required Number of Years from Occupancy Date: 30 years <br />Other conditions of targeting: Including but not limited to as set forth in the LIHTC Application <br />Lender(s): Horizon Bank <br />Hall County Housing Authority <br />