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2019-227-E Housing - Community Home Trust lease
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2019-227-E Housing - Community Home Trust lease
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Last modified
4/18/2019 2:47:31 PM
Creation date
4/12/2019 3:05:16 PM
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Template:
Contract
Date
4/8/2019
Contract Starting Date
4/8/2019
Contract Document Type
Agreement
Amount
$60,000.00
Document Relationships
R 2019-227 Housing - Community Home Trust lease
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Path:
\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2019
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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 />
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