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201008600
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201008600
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Last modified
1/11/2011 2:29:49 PM
Creation date
11/18/2010 2:32:56 PM
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DEEDS
Inst Number
201008600
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2oioossoo <br />Nonprofit Set-Aside: No <br />Project Subject to a Right of First Refusal; Yes <br />Income Electipn Set-aside for IRS purposes <br />Applicable 5et-Aside Percentage(s): 40�Io <br />Applicable lncome Percentage(s): 60�0 <br />Tar�±eted Rent Levels <br />100�Io of the Qualified Units (26 units) will have overall rents affordable at or below 45.74�Io of the applicable area <br />median income. <br />Required Number of Years: Compliance Period: 30 years �xtended Use period: 15 years (45 years total) <br />Qualitied 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 the LIHTC Application <br />Lender(s): Horizon Bank <br />
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