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• The Mortgage Deed will be/is Held In What Name (s): (Indicate name (s) exactly as it appears or will appear on deed) HTG Vero Shores, LLC, Single Purpose Entity Affiliate of Housing Trust Group, LLC (That will be created for the sole purpose of developing and owning this development, and the Purchase and Sale Agreement included herein will be assigned to this entity prior to submitting the application for funding to Florida Housing Finance Corporation). • Number of Multi -family Units proposed: 79 • Unit data: Type of apartment Number of units Sq. ft of living area for unit Year built or to be built Rent per unit Efficiency • Very low-income households (up to 50% 4% • Low-income households One bedroom 39 700 2024 $9001$495 Two bedroom 40 900 2024 $10801$594 Three bedroom Four bedroom Total number of units 79 63,300 2024 Varies II. SPECIFIC PROJECT AND EXPERIENCE INFORMATION Number of affordable units to be built * ELI percentage for Indian River County was 33% per Florida Housing Finance Corporation RFA 2021-201 for developments located in Medium Counties. Once FHFC updates this figure for this year we will commit to what that ELI amount is determined. 2. Funding Summary FUNDING # OF UNITS % OF TOTAL • Extremely low-income households (up to 40% M *33°/ 8 10% • Very low-income households (up to 50% 4% • Low-income households (up to 80% 71 90% • Total number of units to be built 1 79 100% * ELI percentage for Indian River County was 33% per Florida Housing Finance Corporation RFA 2021-201 for developments located in Medium Counties. Once FHFC updates this figure for this year we will commit to what that ELI amount is determined. 2. Funding Summary FUNDING AMOUNT ($) % OF TOTAL Total project cost $23,129,567 100 Contribution by applicant $929,536 4% Amount of loan from bank $4,484,000 19.4% Amount of funds requested from Federal and/or State program $17,376,031 75.6% Funds requested for LGAO Indian river $340,000 1 % Experience and ability to proceed with the project (provide attachments as needed) • Funding Sources (please identify what funding is committed and what is applied for or will be applied for)? The financial contribution obtained from the County will allow us to apply for the 9% Low Income Housing Tax Credits needed to move forward with this community. Senior communities like this provide quality of life to households that depend on fixed incomes and allow them more flexibility through increased disposable income. With the rent increases experienced through- out Florida, the need for these units is more exacerbated than ever before.This will be applied for in December 21.