Thank you, Madam Chair. The purchase price of the units is based on an independent appraisal. First, the individual has to try to sell the unit
themselves. They have to prove that they have been trying to sell the unit and have not been successful. Then the guidelines provide for 90 percent of the first $80,000 of appraised value, and then 80 percent of the remaining value of the house up to a maximum of $180,000. Thank you.