New Hope Construction, Inc.

Standard Real Estate Purchasing and Financing Costs
($509.62 Monthly Mortgage Payment + down payment)

SAH Single Unit House (General) Appraised Value                        $85,000.00

Interest on $85,000.00 @ 6% Interest for 30 years                         $98,462.46

Originating Fee or Points                                                                  $850.00

Attorney & Closing Fees                                                                 $2500.00

                                                    TOTAL MORTGAGE              $186,812.46

SAH Program Purchasing & Financing Costs
($56.81 to $183.33 Monthly Mortgage Payment + No Down Payment)

SAH Single Unit House (General) Appraised Value                        $85,000.00

25% Volunteer Labor Discount (Forgivable 2nd mortgage)             ($21,250.00)

30 Year 0 (zero) Interest Loan                                                              $0.00

Originating Fee or Points                                                                     $0.00

Attorney & Closing Fees (included in mortgage)                               $2500.00              

                                                     TOTAL MORTGAGE              $66,250.00
TOTAL SAH PROGRAM SAVINGS           $120,562.46

SAH Overview

                First House completed and Mortgage Closed                 March 17, 2007

                Total Down Payments                                                  $0.00

                Originating Fees or Points Collected                              $0.00

                Number of Houses Completed & Closed in 2007               8

                Number of Houses Completed & Closed in 2008               6

                Number of Houses Completed & Closed in 2009               18

                Number of Houses Completed & Closed in 2010                7

                Number of Houses under Construction as of 6/1/2010        3
                                                                                                    TOTAL # Units      42

                Number of families qualified for “Homebuyers Tax Credit”    29 of 42 families
                      Total dollar amount received by the 29 Families.                      $230,500.00

New Hope Construction Funding Summary
                Federal Home Loan Bank (Combined 2006, 2008 & 2009)         $1,661,405.20
                THDA Trust Fund Chattanooga (2008)                                        $247,500.00
                                                                                                           TOTAL Funds   $1,908,905.20