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2o�los�o7 <br />Project Period must be retained for at least six (6) years beyond the due date (with <br />extensions) for filing the federal income tax return for the last year of the compliance <br />period of the building): <br />(i) the total number of Dwelling Units in each building (including the <br />number of bedrooms and the size in square feet of each residential rental unit); <br />(ii) the percentage of Dwelling Units in each building that are <br />Qualified Units; <br />(iii) the rent charged for each Dwelling Unit in the building, including <br />any utility allowances; <br />(iv) the number of occupants in each Qualified Unit and any changes in <br />the number of occupants in each Qualified Unit; <br />(v) the Qualified Unit vacancies in each building and information that <br />indicates when and to whom the next available units were rented to; <br />(vi) the annual income certification of each Qualified Tenant per <br />Qualif'ied Unit; <br />(vii) documentation to support each Qualified Tenant's annual income <br />certification (for example, a copy of the Qualified Tenant's federal income tax <br />return, Forms W-2, or verifications of income from third parties such as <br />employers or state agencies paying unemployment compensation). Tenant <br />income is to be calculated in a manner consistent with the determination of annual <br />income under Section 8 of the United States Housing Act of 1937 ("Section 8"), <br />and not in accordance with the determination of gross income for federal income <br />tax liability. In the case of a tenant receiving housing assistance payments under <br />Section 8, the documentation requirement of this subsection 4(d)(vii) is satisfied if <br />the public housing authority provides a statement to the Owner declaring that the <br />tenant's income does not exceed the applicable income limit under Code <br />Section 42(g); <br />(viii) the eligible basis and the Qualified Basis of each building at the <br />end of the first year of the Qualified Project Period; and <br />(ix) the character and use of the non-residential portion of each <br />building included in the eligible basis of the building under Section 42(d) of the <br />Code (e.g., tenant facilities that are available on a comparable basis to all tenants <br />and for which no separate fee is charged for use of the facilities, or facilities <br />reasonably required by the Project). <br />(e) The Authority shall have the right to perform an on-site inspection of the <br />Project throughout the Qualified Project Period. <br />4832-2986-0106.1 g <br />