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Mr. Mike Morrison <br /> June 8, 2004 <br /> Page 2 of 4 <br /> Applicant's Mark S. Moorhouse <br /> Representative: Dominium Development &Acquisition, LLC <br /> 2355 Polaris Lane North, Suite 100 <br /> Plymouth, MN 55447 <br /> Phone: (763) 354-5613 <br /> Fax: (763) 354-5633 <br /> Email: mmoorhousena,dominiuminc.com <br /> Applicant's Jon L. Peterson <br /> Legal Counsel: Winthrop & Weinstine <br /> 225 South Sixth Street, Suite 3500 <br /> Minneapolis, MN 55402-4629 <br /> Phone: (612) 607-6736 <br /> Fax: (612) 604-6800 <br /> Email: ieterson(-,winthrop.com <br /> Applicant's Frank J. Hogan <br /> Bond Underwriter: Dougherty & Company LLC <br /> 90 South 7th Street, Suite 4400 <br /> Minneapolis, MN 55402-4115 <br /> Phone: (612) 376-4042 <br /> Fax: (612) 673-058400 <br /> Email: fhogan(c),doughertymarkets.com <br /> Affordable Housing Component <br /> 20% of the 260, or 52 apartment homes, will be affordable to individuals at or below 50% <br /> of the Area Median Income (AMI) published by the Department of Housing and Urban <br /> Development (HUD). Detailed below is a chart published by HUD that describes the <br /> maximum income limit based on the household size and the maximum rent based upon <br /> the size of the apartment allowable for apartments restricted to 50% of the AMI. <br /> Household Size Income Limit <br /> 1 Person $26,850 <br /> 2 Person 30,700 <br /> 3 Person 34,500 <br /> 4 Person 38,350 <br /> 5 Person 41,400 <br /> 2355 Polaris Lane North Suite 100 Minneapolis,MN 55447 Phone 763/354-5500 Fax 763/354-5650 <br /> Acquisition•Development•Construction•Management <br />