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<br />200810446 <br /> <br />Cost of acquisition, construction and rehabilitation: $5,641,560 <br /> <br />Qualilied Basis: $5,343.338 <br /> <br />TAX CREDIT INFORMATION. <br />Allocation of Low Income Housing Tax Credit Dollars: $446,788 <br /> <br />Nonprofit Set-Aside: No <br /> <br />Project Suhject to a Right of First Refusal: Yes <br /> <br />Income Election Set-aside for IRS purposes <br /> <br />Applicable Set-Aside Percentage(s): <br />Applicahle Income Percentage(s): <br /> <br />40% <br />60% <br /> <br />Targetcd Rent Levels <br /> <br />100% of the Qualificd Units (28 units) will have overall rents affordable at or he low 45.53% of the applicable area <br />median income, <br /> <br />Required Number of Y cars: Compliance Period: 30 years Extended Use period: 15 years (45 years total) <br />Qualified Contract Required Number of Years from Occupancy Datc: 30 ycars <br /> <br />Other conditions of targeting: Seniors 55+ and including but not limited to as sct forth in the L1HTC Application <br /> <br />Lcndcr(s): RiverHills Bank, N.A. <br />Midwest Housing Development Fund <br />Horizon Bank <br />