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SUMMARY PAGE <br />THE OWNER - <br />200111465 <br />Date: <br />Legal Name of Owner: KRS Enterprises, L.L.C. <br />Type of Legal Organization: limited liability company <br />(e.g., limited partnership, limited liability company) <br />State of Organization: Nebraska <br />Business Address of Owner: 404 Woodland Drive, Grand Island, Nebraska <br />Contact Person: Jodie Reeh /Excel Development Group <br />Phone Number: (308) 382 -1657 <br />Fax Number: (308) 381 -1863 <br />E -mail address: n/a <br />THE PROJECT - <br />Name of Project: Southlawn Apartments, III <br />Project Address and Legal Description: (See Attached Exhibit A) <br />Total Number of Buildings: 4 <br />Building Identification Number(s): 00- 01462, 00- 01463, 00- 01464, 00 -01465 <br />Total Number of Units: 20 <br />Total Number of LIHTC Units: 20 <br />One unit is occupied by a resident manager: No <br />Cost of acquisition, construction and rehabilitation: $1,517,095 <br />Qualified Basis: $1,414,248 <br />TAX CREDIT INFORMATION - <br />Allocation of Housing Tax Credit Dollars: $116,393 <br />Occupancy Date: 2/14/01, 3/6/01, 3/26/01, 4/19/01 <br />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 />100% of the LIHTC units (20 units) will have overall rents affordable at or below 38.92% of the applicable area <br />median income. (see attached for breakdown) <br />Required Number of Years From Occupancy Date: 45 years <br />Other conditions of targeting: See application <br />Nonprofit Set - Aside: No <br />The Lender or Lenders: Equitable Building & Loan <br />01-365469.01 <br />