Mark-to-Market mortgage restructuring closed in May, 2001; subject to a Mark-to- Market Use Agreement through May, 2031, requiring that 20% of the units must be occupied by (and affordable to) Very Low Income (i.e. 50% of AMI) tenants Originally developed in 1979 utilizing HUD §221(d)(4) financing and an “Old Reg” HAP Contract 100% Project-Based Section 8 rent subsidy contract; 10-year, Option 3b, HAP Contract renewal in 2021 Located in a qualified Opportunity Zone (OZ) as designated by the US Treasury Department Property amenities include laundry facilities, potential for playground/basketball court Unit features include washer/dryer connection, walk-in closets and air conditioning sleeves April, 2025 Inspire Score: 74 Separately metered for gas (heat) and electric Excellent unit mix: 90% of the units are 2BR or 3BR apartments Over $40,000 of recent property improvements A 2021 fire at the property has destroyed 8 units