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<br />200512530 <br /> <br />SUMMARY PAGE <br /> <br />Date: .61 ~ ik (. J()() Cj <br /> <br />THE OWNER- <br /> <br />Legal Name of Owner: Walnut Housing, Ltd. <br />Type of Legal Organization: limited partnership <br />State of Organization: Nebraska <br />Business Address of Owner: <br />Contact Person: Ward Hoppe <br />Phone Number: 402-328-8100 <br />Fax Number: 402-328-8104 <br />E-mail address:fred@hoppehamer.com <br />THE PROJECT - <br /> <br />Name of Project: Walnut Housing <br />Project Address and Legal Detilcription: (See Attached Exhibit A) <br />Total Number of Buildings: 8 <br />Building Identification Number(s)/Applicable Fraction: <br /> <br /> Appl <br />B.I.N. . Fraction <br />03-01828 100% <br />03-01829 100% <br />03-01830 100% <br />03-01831 100% <br />03-01832 100% <br />03-01833 100% <br />03-01834 100% <br />03-01835 100% <br /> <br />Total Number of Dwelling Units: 88 <br />Total Number of Qualified Units: 88 <br />One unit is occupied by a resident manager: Yes <br />Cost of acquisition, construction and rehabilitation: $6,930,000 <br />Qualified Basis: $5,113,146 <br />TAX CREDIT INFORMATION - <br /> <br />Allocation of Low Income Housing Tax Credit Dollars: $403,669 <br />Occupancy Date: 10/28/04 and 12/30/04 <br />Nonprofit Set-Aside: No <br />Project Subject to a Right of First Refutilal: Yes Trinity United Methodist Church <br />Income Election Set~aside for IRS ourooses <br /> <br />Applicable Income Pcrcentage(s): <br />Applicable Set-Aside Percentage(s): <br /> <br />40% <br /> <br />60% <br /> <br />T arQeted Rent Levels <br />100% of the Qualified Units (88 units) will have overall rents affordable at or below 41.61 % of the applicable area medi,m income. <br />Required Number of Years From Occupancy Date. Cornpliance Period 30 years Extended Use Period 45 years <br />Qualified Contrdct Required Number of Years From Occupancy Date: 30 years <br />Other conditions of targeting: as set tl)rth in the tax credit application <br />Lender or Lenders: Lincoln Federal Savings Bank <br />Trinity United Methodbt Church <br /> <br />Kulllk Rock ~ Finn Library-4851-S12S-6832.1 <br />