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2oloos2a.J <br />Income Election Set-aside for IRS ~ury~oses <br />Applicable Set-Aside Percentage(s): 40% <br />Applicable Income Percentage(s): 60°~0 <br />Targeted Rent 1,evels <br />100~1~ of the Qualified Units (lS units) will have overall rents affordable at or below 45.66% of the applicable area <br />median income. <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 />Other conditions of targeting: Eldery 55+ and including but not limited to as set forth in [he LIHTC Application <br />Lender(s): Horizon Bank <br />