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<br />200809714 <br /> <br />Project Subject to a Right of First Refusal: Yes <br /> <br />Income Election Set-aside for IRS Durooses <br /> <br />Applicable Sct-Aside Percentage(s): <br />Applicable Income Percemage(s): <br /> <br />40% <br />60% <br /> <br />Targeted Rent Levels <br /> <br />100% of the Qualified Units (28 units) will have overall rents atIordable at or below 43.41 % of the applicable area <br />median income. <br /> <br />Required Number of Years: Compliance Period: 30 years Extended Use period: 15 years (45 years total) <br />Qualified Contract Required Number of Years from Occupancy Date: 30 years <br /> <br />Other conditions of targeting: Seniors 55+ and including but not limited to as set forth in the LlHTC Application <br /> <br />Lender(s): Horizon Bank <br />Midwest Housing Initiatives, Inc. <br />