Orange County NC Website
DocuSign Envelope ID:66F168C2-3C54-4274-9428-4F16B3F1802A <br /> ■ Exhibit J: INVESTMENT BASIS <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 /> Amount Purpose/ Source <br /> List Price Sales Price of Home <br /> Minus Amount of NCHFA Loan <br /> Minus Amount of FHLB Loan <br /> Minus Amount of CHT Funding Provided <br /> Minus other subsidy or grant to Lessee <br /> Equals Lessee's Investment Basis <br /> Lessee's signature: Date: <br /> Lessee's signature: 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 />