Orange County NC Website
DocuSign E,nvelre ID: 5C622784- 3DD9- 4F2B- 8D53- D3D3E1 D35BD4 <br />■ Exhibit J: INVESTMENT BASIS <br />p111 Ul�II ��II�V1I�IIIIIIIIIIIIIIIIIIIiN@ <br />The Investment Basis represents the amount of equity that the Lessee has invested in the <br />leasehold estate. It is calculated subtracting the total amount of the Lessee's subsidies and grants <br />from the sales price. <br />Lessee's Investment Basis <br />List Price <br />Minus <br />Minus <br />Minus <br />Minus <br />Equals <br />Lessee's signature: <br />Lessee's signature: <br />Amount Purpose / Source <br />Sales Price of Home <br />Amount of NCHFA Loan <br />Amount of FHLB Loan <br />Amount of CHT Funding Provided <br />other subsidy or grant to Lessee <br />Lessee's Investment Basis <br />Date: <br />Date: <br />Home Trust Representative: Date: <br />Please note: If homeowner has owned the home more than 30 years at the time of sale, the <br />amount of NCHFA funds provided to the homeowner for purchase should be ADDED BACK to <br />the investment basis prior to calculating earned appreciation. This step is consistent with the <br />conversion of the NCHFA funds to a monthly note payable after 30 years of homeownership <br />according to current NCHFA guidelines. <br />