Piazza & Associates

1 Dear Applicant,On behalf of the developers and managers of The Whitney at Allendale and the Borough ofAllendale, in Bergen County, New Jersey, I want to thank you for your interest in our affordableprogram. There are 12 one-, two- and three- bedroom apartments at The Whitney that will be setaside with reduced rents for low- and moderate- income-qualified households during theupcoming months. If you are interested in applying for an affordable rental apartment at The Whitney, pleasecomplete the attached Preliminary Application as soon as possible and mail it directly to us, at: Piazza & Associates , Inc., 216 Rockingham Row, Princeton, NJ three weeks, you will receive a letter of determination with regard to your preliminaryeligibility for the program. Preliminary applications will be processed on first come, firstserved basis.

2 Once an apartment (of the size and type for which you were prequalified) becomesavailable, you will be notified in priority order. At that time, we will send you the finalApplication for Affordable Housing, which will require you to document your income andhousehold membership. Minimum and maximum income, credit standards and otherrequirements will apply. Availability is limited. Sincerely,Frank Piazza $78,344$72,941$67,538$60,784$45,73 7$1,120 ModerateThree$48,965$45,588$42,211$37,99 0$37,278$873 LowThree$67,538$60,784$54,030$39,585$978 ModerateTwo$42,211$37,990$33,769$32,224$ 763 LowTwo$42,211$37,990$33,769$22,987$494 Very LowTwo$54,030$47,276$32,970$820 ModerateOne$33,769$29,548$26,069$619 LowOne 6 Persons 5 Persons4 Persons3 Persons2 Persons1 PersonMinimum+IncomeMonthly *RentIncomeCategoryNumber ofBedroomsRental Rate and Income Limits are subject to error and change without notice.

3 * Rental rates do not include utilities. + Minimum Incomestandards generally do not apply to applicants with Section 8 Rental Assistance. ++ Household composition, household income and currentresidency requirements will apply. Applicants from Bergen, Hudson, Passaic and Sussex Counties will be given a priority pursuant to regulationsset forth by the New Jersey Department of Community Affairs and the Borough of Allendale. 06/16/2015 MAXIMUM INCOME BY HOUSEHOLD SIZEP iazza & AssociatesAffordable Housing Services216 Rockingham Row - Princeton Forrestal Village - Princeton, NJ 08540 Phone: (609) 786-1100 - Fax: (609) 786-1105 - E-mail: ApplicationforAffordable HousingBorough of Allendale Bergen County, New JerseyThis is a Preliminary Application only. Do not send supporting documentation at this will be notified as to the status of your preliminary eligibility based on the information thatyou provide in this application.

4 When an affordable home becomes available, eligible candidateswill be contacted. At that time, we will provide you with a list of documentation required tosupport and verify the information submitted in this application. We can not and do notguarantee housing based on the approval of this Preliminary Application. The Whitney atAllendale is a development of Allendale Whitney, LLC. Affordable Housing application servicesare provided by Piazza & Associates , Inc., an affordable housing services corporation. This is anEqual Housing Opportunity. This program is subject to municipal and state affordable housingregulations, but no guarantee can be made that these homes are affordable to all program is subject to availability. Prices, terms and conditions are subject to changewithout notice.

5 Household composition, income and current residency requirements will from Bergen, Hudson, Passaic and Sussex Counties will be given a priority pursuantto regulations set forth by the NJ Dept. of Community Affairs and the Borough of & Associates , Inc. Affordable Housing Services216 Rockingham Row Princeton Forrestal Village Princeton, NJ 08540 Telephone: 609-786-1100 Facsimile: 609-786-1105E-mail: HousingThe Whitney at AllendalePolicies and RequirementsBorough of Allendale, Bergen CountyFor All Applicants _____{It is unlawful to discriminate against any person making application to rent a home withregard to age, race, religion, national origin, sex, handicapped or familial status.{This affordable housing must be the intended primary residence of the applicant.{All household members who intend to reside at the affordable apartment must be listed in thePreliminary Application.}}}

6 If changes in household composition occur during the applicationprocess, or if there is a change of address, the applicant is required to notify Piazza & Associates , Inc. in writing, immediately. {Applications must be truthful, complete and accurate. Any false statement makes theapplication null and void, and subjects the applicant to penalties imposed by law.{Annual Income includes, but is not limited to, salary or wages, alimony, child support, socialsecurity benefits, unemployment benefits, pensions, business income, and actual or imputedearnings from assets (which include bank accounts, certificates of deposit, stocks, bonds, orother securities), and real estate.{If you own a home in which you are currently residing and which you intend to sell prior toliving in an affordable home, compute your income from this asset by taking the market valueof your home, subtracting any applicable broker fees AND the current principal of yourmortgage, and multiply the balance by the current HUD Passbook Rate.}}}

7 Income from other real estate holdings is determined by the actual income you receive from the asset (lessexpenses, but not less your mortgage payment).{If you own your current home and have no outstanding mortgage debt, the value of yourhome will be subject to a maximum appraised value limit, which, when exceeded, maydisqualify you form this affordable housing program.{Specific documentation to verify income and assets will be required at a later date, during thefinal portion of the application process, during which no changes will be allowed.{Please understand that the rental rates for this affordable housing are established and governedby State and / or municipal regulations. Although consideration is made for low- andmoderate- categories of household incomes, rental rates do not fluctuate on the basis of eachindividual applicant's income.}}}

8 Therefore, we can not and do not guarantee that any apartmentfor rent will be affordable to YOU or YOUR household.{The owners and managers of affordable apartments will set forth additional requirements,including, but not limited to an application fee, a lease agreement, security deposit andminimum credit standards.{Once leased, rents will NOT be adjusted to accommodate fluctuations in household rate increases may occur annually, but are subject to limitations.{If you need assistance completing this application, please contact us at 609-786-1100. DO NOT SEND SUPPORTING DOCUMENTATION WITH THIS mail your application to the address, below, or fax it to us at Rockingham Row - Princeton, NJ 08540 Piazza & Associates , Head of Household InformationB. Household Composition and Income (List ALL sources of income, including, but not limited to Salary,Dividends, Social Security, Child Support, Alimony & Pensions.)}}}

9 DO NOT include income from Assets listed inSection C.)$#6$#5$#4$#3$#2$Head of Household#1 Gross Annual IncomeSexDate of BirthRelation ToFull Name (First, Middle & Last)List everyone who will occupy the Assets (Bank Accounts, Cert. of Deposit, Mutual Funds, Real Estate, Etc. If you own thehome in which you live, clearly indicate BOTH the market value & your equity in the home Your equity equals the market value less any outstanding mortgage Principal.)%%%%InterestRateEstimatedAnnu al IncomeCurrent MarketValue of AssetType of AssetF. Important Information (Must be signed by everyone over the age of 17.) Preliminary ApplicationThe Whitney at Allendalefor Affordable HousingBorough of Allendale, Bergen Name: Name: Address: Box or Apt. No.: _____ : _____Soc. Sec. No: _____Home Phone: _____Work Phone: _____County: _____State: _____ ZIP: _____D.

10 Addition InformationDo you receive Section 8 Rental Assistance thatwill apply to theaffordable apt?:_____Do you PAY alimonyand/or child support tosomeone outside thehousehold? ____If you do, how much doyou pay per month?$_____No. of Bedrooms(limited by number inhousehold): One? Two? Three?Do you require ahandicap-accessiblehome?: _____E. PreferencesI(We) hereby authorize the Borough of Allendale, Allendale Whitney, LLC, and/orPiazza & Associates , Inc., their agents and/or employees to obtain informationregarding the status of my(our) credit, and to check the accuracy of any and allstatements and representations made in this application. I(We) certify that allinformation in this application is accurate, complete and true. I(We) understand that ifany statements made are willingly false, the application is null and void, and I(we) maybe subject to penalties imposed by law.