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<br />200700324 <br /> <br />A tv\fN ~ /) <br />lo/~~\Olc <br /> <br />SUMMARY PAGE <br /> <br />Date: <br /> <br />THE OWNER - <br />Lclgal 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 />Name of Project: Walnut Housing <br />Project Address and Legal Description: (See Attached Exhibit A) <br />Total Number of Buildit1g&: 8 <br />Building Identification Number(s)lApplicable Fraction: <br /> <br />Total Number ofl)weUing Units: 88 <br />Total Number ofQualitied 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: $5,113.146 <br />TAX CREDIT INFORMATION ~ <br />Allocation of Low Income HoU.$ing Tax Credit Dollars: $403,669 <br />Occupancy Date: 10/28104 and 12130104 <br />Nonprofit Set-Aside: No <br />Project Sobjoct to a Right of First Refusal: Yes Trintcy United Medwdist CbllrCh <br />Income Election Set-aside for IRS DUrDOSes <br />Applicllhle Income Percentage(s): 60% <br />Applic;:able Set-Aside Pen:entage(s): 400.4 <br /> <br /> Appl <br />BJ.N. Fraction <br />03-01828 100% <br />03-01829 100% <br />03-01830 100% <br />03-01831 100% <br />03-01832 100% <br />OJ-01833 100"10 <br />03-01834 100% <br />03-01835 100% <br /> <br />Tqeted Rent Levels <br />100% of the Qualified Units (88 1IIlita) will have overall rents affordable at or below 41.61 lV. of tbe applicable area median income. <br />Required Number of Years From Occupancy Date. Compliance Period 30 years Extended Use Period 4S years <br />Qualified Contract Required Number of Years From OccupllIIcy Date: 30 years <br />Other conditions of targeting: as set forth in the tax credit Ilpplication <br />Lender or Lenden: Lincobl Federal Savings Bank <br />Trinity United Methodist Church <br /> <br />Kulak Rllck. Finn Ubrary-485 \-5125-6832.\ <br />