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OWNERSHIP AND MAINTENANCE <br />The primary business of Sherman Associates, Inc. is urban revitalization through housing development, <br />property management and long-term ownership. The company has a long history of successes in <br />developing, financing, constructing, marketing, managing and selling affordable and market rate housing. <br />Sherman Associates has successfully completed over forty housing and commercial projects totaling over <br />$300 million. Sherman Associates has partnered well with state agencies, cities, counties and local <br />neighborhood organizations to create quality products using many different financing tools and programs <br />including several MHFA programs. <br />Sherman Associates, Inc. will own and manage the multifamily and senior rental buildings including <br />leasing of the commercial space and maintenance of the overall common space for the area. An <br />association will govern the for-sale townhomes. The association documents... and bylaws will stipulate <br />shared costs, easements and expectations for maintenance of private and shared areas. <br />• <br /> <br />