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EXHIBIT B: INCOME COMPUTATION AND CERTIFICATION' <br /> NOTE TO APARTMENT OWNER: This form is designed to assist you in computing <br /> Annual Income in accordance with the method set forth in the Department of Housing and Urban <br /> Development ("HUD") Regulations (24 CFR Part 5). You should make certain that this form is <br /> at all times up to date with HUD Regulations. All capitalized terms used herein shall have the <br /> meanings set forth in (or incorporated by reference in) the Regulatory Agreement and <br /> Declaration of Restrictive Covenants, dated as of April 1, 2020, between MAH CEDAR GLEN, <br /> LP ("Cedar Glen Apartments") and the City of South Bend. <br /> Re: Cedar Glen Apartments <br /> South Bend, Indiana <br /> I/We, the undersigned, being first duly sworn, state that I/we have read and answered <br /> fully and truthfully each of the following questions for all persons who are to occupy the unit in <br /> the above apartment project for which application is made. Listed below are the names of all <br /> persons who intend to reside in the unit: <br /> 1. 2. 3. 4. 5. <br /> Name of Relationship to <br /> Members of the Head of Social Security Place of <br /> Household Household Age Number Employment <br /> HEAD <br /> SPOUSE <br /> 6. Total Anticipated Income. The total anticipated income, calculated in accordance <br /> with this paragraph 6, of all persons listed above for the 12-month period beginning the date that <br /> I/we plan to move into a unit(i.e., ) is $ <br /> Included in the total anticipated income listed above are: <br /> (a) the full amount, before payroll deductions, of wages and salaries, overtime <br /> pay, commissions, fees, tips and bonuses, and other compensation for personal services; <br /> (b) the net income from operation of a business or profession or net income <br /> from real or personal property (without deducting expenditures for business expansion or <br /> amortization or capital indebtedness); an allowance for depreciation of capital assets used <br /> in a business or profession may be deducted, based on straight line depreciation, as <br /> provided in Internal Revenue Service regulations; include any withdrawal of cash or <br /> assets from the operation of a business or profession, except to the extent the withdrawal <br /> is reimbursement of cash or assets invested in the operation by the above persons; <br /> t The form of Income Computation and Certification shall be conformed to any amendments made to 24 CFR Part 5, <br /> or any Regulatory Agreement promulgated in substitution therefore. <br /> B-1 <br />