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'~ " 240907191 <br />SUMMARY PAGE <br />THE OWNER - <br />Legal Name of Owner: GI Venture, L.P. <br />NE 04-01885, NE 04-01886, NE 04-01887, NE 04-0 L 888 <br />Total Number of Units: 56 <br />Total Number of LIHTC Units: 56 <br />One unit is occupied by a resident manager: No <br />Cost of acquisition, construction and rehahilitation: $3,197,702 <br />Qualified Basis: $2,868,582 <br />TAX CREDIT INFORMATION - <br />Allocation of Housing Tax Credit Dollars: $195,676 <br />Occupancy Date: 1/1/2005 <br />Nonprotit Set-Aside: No <br />Project Subject to a Right of First Refusal: Yes <br />Income Election Set-aside for LRS purposes <br />Applicable Set-Aside Percentage(s): 40°~ <br />Applicable Income Percentage(s): 60% <br />Targeted Rent,Levels <br />100% of the LIHTC units (56 units) will have overall rents affordable at or below 45.52% of the applicable area <br />median income. <br />Required Number of Years From Occupancy Date: 40 years (25 year compliance period, plus 15 year extended use) <br />Date: <br />Type of Legal Organization: Limited Partnership <br />State of Organization: Nebraska <br />Business Address of Owner: 13057 West Center Road, Omaha, NE 68144-3790 <br />Contact Person: Bob Dean, 5eldin Company <br />Phone Number: (402) 333-7373 <br />Fax Number: (402) 333-4281 <br />E-mail address: bobd@seldin.com <br />THE PROJECT - <br />Name of Project: Colonial Square Apartments <br />Project Address and Legal Description; (See Attached Exhibit A) <br />Total Number of Buildings: 8 <br />Building Identification Number(s): NE 04-01881, NE 04-01882, NE 04-01883, NE U4-01884 <br />4833-1491-2772.1 4 <br />