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99 110475 <br /> SUMMARY PAGE <br /> Date: <br /> THE OWNER- <br /> Legal Name of Owner: Southlawn Aparhnents,L.L.C. <br /> Type of Legal Organization: limited liability company <br /> (e.g.,corporation,partnership) <br /> State of Organization:Nebraska <br /> Business Address of Owner: 404 Woodland Drive,Grand Island,Nebraska 68801 <br /> Contact Person: Jan Thayer <br /> THE PROJECT- <br /> Name of Project: South Lawn Apartments . <br /> Project Address and <br /> ,� <br /> Legal Description: (See Attached Exhibit A) <br /> Total Number of Buildings:9 <br /> Building Identification Number(s):97-01092 through 97-01100 <br /> Total Number of Units:36 <br /> Total Number of LIHTC Units:36 <br /> One unit is occupied by a resident manager. Yes_� No <br /> Cost of acquisition,construction and rehabilitation: $2,381,658 <br /> Qualified Basis: $2,316,012 <br /> TAX CREDIT INFORMATION- <br /> Allocation of Housing Tax Credit Dollars: $189,681 <br /> Occupancy Date: 12/9/98—1/26/99 <br /> Income Election Set-aside <br /> Applicable Set-Aside Percentage(s) 100 % <br /> Applicable Income Percentage(s): 60 % <br /> Tar¢eted Rent Levels <br /> 100%of the LIHTC units ( 36 units)have rents affordable at or below 46.10 %of the applicable area median <br /> income. <br /> Required Number of Years From Occupancy Date: 45 years <br /> Other conditions of targeting: Furnished community room, Washer Dryer hook-up in each unit, Dishwasher in each <br /> unit, Range& Refrigerator in each unit and Public telephone, Microwave, Covered park. Energy Requirements as specified in <br /> the application. <br /> Nonprofit Set-Aside: No <br /> The Lender or Lenders: Equitable Building&Loan Association of Grand Island <br /> 01-204659.01 <br />