COVID-19 IMPACT ON LIHTC PROJECTS Challenges in LIHTC Survey: 2020 Question Title 1. Which of the following categories best describes your organization? Developer (including those that own property management operation) Property manager Investor Lender Syndicator Other (Consultant, service provider, etc.) OK Question Title 2. Approximately how many housing tax credit projects do you currently have in construction (please enter a numeric value below)? OK Question Title 3. For projects that are in construction, how many are (please enter a numeric value below for each answer that applies? Number of on-time projects Number of projects experiencing a minor delay (less than 3 months) Number of projects experiencing a major delay (3-6 months) Number of projects experiencing a significant delay (6+ months) OK Question Title 4. For those that are experiencing construction delays, please check all the relevant reasons why: Construction moratorium Permitting delays Labor or materials shortages Complexity involving occupied rehabs Health and safety concerns Financing gap resulting from floating 4% credit rate that is at a historical low OK Question Title 5. For properties that are in the bidding process, have you experienced any pricing adjustment resulting from COVID-19 related uncertainty? No impact Yes: minor impact ($0.03 or less) Yes: major impact (More than $0.03) OK Question Title 6. Do you expect pricing to decrease more in 2020? Yes No Do not know / uncertain OK Question Title 7. Across your existing housing tax credit portfolio, what do you expect the average August-December 2020 rent collection rate (collected over gross potential rent) to be: More than 95% 92% - 95% 90% - 92% 85% - 90% Below 85% OK Question Title 8. Which of the following are you most concerned with? Pandemic related construction delays Longer term economic impact (rent collection, future AMI growth, etc.) Election uncertainty Investor demand uncertainty Other (please specify) OK DONE