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<br /> <br /> <br /> <br />Hillside Heights Apartments, Elk River, Minnesota <br /> <br />Market Analyst Professionals, LLC 81 April 24, 2020 <br />Addendum B <br />Minnesota Housing Market Study Certification <br />The undersigned certify that the following is true and correct: <br />1 That the Market Analyst is knowledgeable and experienced in the development of affordable <br />rental properties. <br />2 That the Market Analyst conducted and was the primary author of the attached low income <br />housing tax credit market study report (“Report”) for Hillside Heights Apartments (“Project”) for <br />Community Housing Development Corporation (Developer/owner name). <br />3 That the Report was completed on April 24, 2020. <br />4 That to the best of the Market Analyst knowledge, all data contained in the Report is accurate. <br />5 That the Market Analyst has made a physical inspection of the area in which the Project will be <br />located, reviewed all relevant data, and independently established the conclusions for the Report. <br />6 That all projections contained in the Report were based on current professionally accepted <br />methodology. <br />7 That the Market Analyst has no financial interest in the proposed Project. <br />8 That the Market Analyst ‘s fee for conducting the Report, and the findings and conclusions <br />contained therein , were not contingent upon the proposed Project being selected by the Minnesota <br />Housing Finance Agency. <br />9 That it is the Market Analyst’s unbiased and professional opinion that there is sufficient demand <br />for the Project as of the completion date of the Report. <br /> <br /> <br />By: ________________________________ <br />(Authorized Representative-Market Analyst) <br />Title: ___Founder_____________________ <br />Date: ___April 24, 2020________________ <br />