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<br />,;.~(~' <br /> <br />200809274 <br />SUMMARY PAGE <br />Date: <br /> <br />21{0lo68 <br /> <br />THE OWNER- <br />Legal Name of Owner: Pedcor Investments-2005-LXXXII, L.P. <br /> <br />October 15, 2008 <br /> <br />Type of Legal Organization: Limited Partnership <br /> <br />State of Organization: Indiana <br /> <br />Business Address of Owner: 770 3'd Avenue, S.W. <br />Carmel, IN 46032 <br /> <br />Contact Person: Thomas G. Crowe <br /> <br />Phone Number: 317-587-0341 <br /> <br />Fax Number: 3 I 7-587-0340 <br /> <br />E-mail address:tgcrowe@pedoor.net <br /> <br />THE PROJECT - <br />Name of Project: Riverbend Apartments, Phase II <br /> <br />Project Address and Legal Description: (See Attached Exhibit A) <br />Total Number of Buildings: Six (6) <br />Building Identification Numbers(s): <br /> <br />BIN Applicable Fraction Occupancy Date <br />NE-06-02336 81.25% 1/15/2008 <br />NE-06-02337 87.50% 1/17/2008 <br />NE-06-02338 87,50% 12/12/2007 <br />NE-06-02339 81.25% 1/14/2008 <br />NE-06-02340 81.25% 10/23/2007 <br />NE-06-02341 87,50% 12/ 19/2007 <br /> <br />Total Number of Dwelling Units: 96 <br /> <br />Total Number of Qualified Units: 81 <br /> <br />One unit is occupied by a resident manager: No <br /> <br />Cost of acquisition, construction and rehabilitation: $9,281,330 <br /> <br />Qualified Basis: $9,049,575 <br /> <br />TAX CREDIT INFORMATION- <br />Allocation of Low Inoome Housing Tax Credit Dollars: $581,820 <br /> <br />Nonprofit Set-Aside: No <br /> <br />Project Subject to a Right of First Refusal: No <br /> <br />Income Election Set-aside for IRS purposes <br /> <br />Applicable Set-Aside Percentage(s): <br />Applicable Income Percentage(s): <br /> <br />40% <br />60% <br /> <br />Targeted Rent Levels <br /> <br />84.09% of the Qualified Units (81 units) will have overall rents affordable at or below 49.85% of the applicable area <br />median inoome. <br />