Piazza & Associates

1 Dear Applicant,On behalf of the developers and managers of Stone Bridge at Raritan in the Borough of Raritan, SomersetCounty, New Jersey, I want to thank you for your interest in our affordable housing program. A total of73 apartments, consisting of one-, two- and three- bedroom rental homes at Stone Bridge will be leasedwith reduced rents for low- and moderate- income-qualified households during the upcoming months. Upto 50% of the affordable apartments at may be set aside for qualified you are interested in applying for an affordable rental apartment at Stone Bridge, please complete theattached preliminary Application as soon as possible and mail it directly to us, at: Piazza & Associates ,Inc.

2 , 216 Rockingham Row, Princeton, NJ 08540. Within two weeks, you will receive a letter ofdetermination with regard to your preliminary eligibility for the program. A random selection process to determine the priority order of the applications will be held 2 to 3 monthsafter the start of the marketing process. Subsequent to the random selection applications will beprocessed on a first-come, first-served basis. When an apartment (of the size and type for which youwere prequalified) becomes available, you will be notified in priority At that time, we will sendyou the Final Application for Affordable Housing, which will require you to document your income andhousehold membership.

3 Minimum and maximum income, credit standards and other requirements willapply. Availability is limited! So don't delay! Return your application today! Sincerely,Frank Piazza $97,440$90,720$84,000$75,600$56,16 0$1,480 ModerateThree$60,900$56,700$52,500$47,25 0$46,800$1,207 LowThree$60,900$56,700$52,500$47,250$32, 743$797 Very LowThree$84,000$75,600$67,200$48,103$1,2 75 ModerateTwo$52,500$47,250$42,000$38,640$ 999 LowTwo$52,500$47,250$42,000$28,320$698 Very LowTwo$67,200$58,800$37,371$995 ModerateOne$42,000$36,750$32,880$864 LowOne$42,000$36,750$23,589$593 Very LowOne 6 Persons 5 Persons4 Persons3 Persons2 Persons1 PersonMinimum+IncomeMonthly *RentIncomeCategoryNumber ofBedroomsRental Rate and Income Limits are subject to error and change without notice.

4 * 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. Preference for very low units will be given to households who are below the minimum income for low 4/23/2014 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 HousingStone Bridge at RaritanBorough of Raritan Somerset County, New JerseyThis is a preliminary Application only.

5 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. 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. Stone Bridge atRaritan is a development of Bridge Walk, LLC.

6 Affordable Housing application services areprovided 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. Household composition, income and current residency requirements will to 50% of the affordable units may be set aside for qualified veterans. A regional preferencemay also & Associates , Inc.

7 Affordable Housing Services216 Rockingham Row Princeton Forrestal Village Princeton, NJ 08540 Telephone: 609-786-1100 Facsimile: 609-786-1105E-mail: HousingStone Bridge at RaritanPolicies and RequirementsBorough of Raritan, Somerset, All Applicants _____ This is an equal housing opportunity. Federal law prohibits discrimination against any personmaking application to buy or rent a home with regard to age, race, religion, national origin,sex, handicapped or familial status. State law prohibits discrimination on the basis of race,creed, color, national origin, ancestry, nationality, marital or domestic partnership or civilunion status, familial status, sex, gender identity or expression, affectional or sexualorientation, disability, source of lawful income or source of lawful rent payment.

8 This affordable housing must be the intended primary residence of the applicant. All household members who intend to reside at the affordable apartment and spouses must belisted in the preliminary Application. If changes in household composition occur during theapplication process, 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.

9 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 and multiplying the balance by 2%. Income from other real estate holdings isdetermined by the actual income you receive from the asset. If you own your current home and have no outstanding mortgage debt, the value of your homewill be subject to a maximum appraised value limit, which, when exceeded, may disqualifyyou form this affordable housing program. Qualified veterans must be income qualified AND be eligible under 54 ANDbe able to provide form DD214 to verify qualified service as set forth therein.

10 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. Rental rates for this affordable housing are established and governed by State and/ormunicipal regulations. Although consideration is made for low- and moderate- categories ofhousehold incomes, rental rates do not fluctuate on the basis of each individual applicant'sincome. Therefore, we can not and do not guarantee that any apartment for rent will beaffordable to YOU or YOUR household.