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<br />PUBLIC NOTIFICATION <br /> <br />Bayforest Ranch, Ltd. is making an application for Housing Tax Credits with the Texas <br />Department of Housing and Community Affairs for Bayforest Ranch, 2600 SH 146 <br />South, La Porte, Harris County, TX 77571. This new to be built development will <br />consist of 100 single family homes for rental, including 80 low income units. 12% of the <br />units will target tenants with incomes less than 40% of the area's median income, 20% of <br />the units will target tenants with incomes less than 50% of the area's median income, and <br />48% of the units will target tenants with incomes less than 60% of the area's median <br />income. 20% of the units will be market rate units. <br /> <br />The number of units and proposed rents (less utility allowances for the subject property's <br />tax credit units) are: <br /> <br />"I <br />~ <br /> <br /> <br /> <br />48 4 Bedroom/2 Bath Homes for <br />20 4 Bedroom/2 Bath Homes for <br />12 4 Bedroom/2 Bath Homes for <br /> <br />$894 <br />$721 <br />$549 <br /> <br />fi;;b <br /> <br /> <br />'..". <br /> <br />The development will also offer market rate units to the general public. The number of <br />units and proposed rents for the subject property's market rate (non-tax credit program) <br />units are: <br /> <br />I- <br /> <br />20 4 Bedroom/2 Bath Homes for $950 <br /> <br />If awarded credits, this development is expected to be ready for occupancy by March of <br />2006. For more information on this notice, please notify Isaac Matthews, lYE Bayforest, <br />LLC, 5325 Katy Freeway, Suite One, Houston, Texas 77007, (713) 871-0063. <br /> <br />I'P-' <br />