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Economic & Planning Systems, Inc.43 <br />DEVELOPER FEE CALCULATION <br />Developer Fee In QCT/ DDA Outside QCT/DDA <br /> <br />Unadjusted eligible basis $65,675,000 $65,675,000 <br />Maximum Percent 1 15% 15% <br />Maximum Developer Fee $9,851,250 $9,851,250 <br />Take Home Developer Fee 2 $2,500,000 $2,500,000 <br />Contributed/ Deferred Developer Fee $7,351,250 $7,351,250 <br /> <br />1 Reflects the assumed 4% LIHTC developer fee limit, calculated as 15 percent of unadjusted eligible basis. <br />2 Take-home developer fee is capped at $2.5 million. Any developer fee above this amount is assumed to be deferred <br />or contributed back to the project as equity. <br />