3915 Olive Street, St. Louis, MO 63108

3915 Olive Street, St. Louis, MO 63108

314-531-8844 Fax 314-531-9577

Dear Applicant:

Thank you for your interest in McCormack House at Westminster Place. McCormack House at Westminster Place is an affordable 96- unit retirement apartment community for seniors. This attractive building is located at 3915 Olive, St. Louis, MO 63108, at the corners of Olive and Vandeventer. It is located in the Central West End area close to universities, hospitals and shopping. We offer a single entry building with a 24-hour non-medical on-site staff, guest log in and planned activities. Optional services include an optional evening meal plan in the dining room professionally catered, on-site beauty shop and personal care services through Nurses to Go or an agency of your choice. We provide a equal housing opportunity and are handicap accessible .

Our application package is designed to ensure that we consistently screen all applicants to provide the best possible home for our current and potential residents. This information packet provides an overview of McCormack House at Westminster Place, the optional services offered and the eligibility screening criteria.

Thanks again for considering McCormack House at Westminster Place.

1  05/14/2010

I. APPLICATION PACKAGE INCLUDES:

Application Form (requires signature)

In order to avoid a delay in application processing, please return this completed and signed application along with a money order or cashiers check for the application fee of $40.00.

Release of Information Form (requires signature)

This authorization form allows us to verify the information you provide in your application. You must sign the form so that we can proceed with the verifications.

Options for Applicants with Disabilities and Handicaps Form (requires sig.)

The attached notice explains our responsibility to accommodate persons with permanent disabilities or handicaps. Please complete and sign this form if the provisions apply to your circumstances. Please sign the form in the space provided if these options do not apply.

Rent Guidelines

This form shows the rent schedule, income needed to qualify and maximum incomes allowed where applicable.

2  05/14/2010

II. THE SCREENING PROCESS

Our application screening process is designed to ensure compliance with the lease agreement. We will verify the information provided on your application and will gather information required for processing via the methods listed below:

1.  General credit check

2.  Public records and criminal records checked

3.  Current and previous landlord references

4.  Must pass a home visit inspection by management

III. ELIGIBILITY, SCREENING AND REJECTION

Eligibility Criteria

5.  Age: All residents must be 62 years of age.

6.  Income: Minimum incomes must be met by each household member before the screening criteria is applied. This is clarified on the enclosed Rent Schedule Information Form.

7.  Occupancy: Not more than two persons per unit.

Screening Criteria

1.  Credit in good standing:

2.  No negative information from a landlord, property owner or mortgagee, which is without remedy.

3.  No debt write- off within 2 years of application, including bankruptcy.

4.  No debts placed in collection.

Criminal Activity Screening Criteria

Police record check revealing no record of past criminal activity, as allowed under the law, as follows:

1.  No record of conviction for drug related charges.

2.  No record of a felony conviction for a crime against a person within the last 5 years.

3.  No record of a conviction for a crime against property with the last 5 years.

3 05/14/2010

Home Visit

Satisfactory rating on inspection of current applicant’s home to evaluate cleanliness and general living standards. A manager or leasing agent, using a standard checklist will conduct this inspection after the application has been processed, but prior to the lease signing.

Reasons for Rejection of Application

1.  Applicant does not meet the basic eligibility criteria.

2.  Applicant does not meet the screening criteria.

3.  Does not pass home inspection.

IV. DEPOSIT INFORMATION

Before an apartment will be taken off the market and the application is processed, the applicant must pay the application fee and holding deposit of $100.00 which will be applied to the security deposit for the unit which they are applying. This deposit will hold the apartment you are interested in for a period of two weeks. The applicant has three business days to cancel the application and a full refund less the application fee will be returned. Upon signing the lease, the holding deposit will be transferred to your security deposit.

05/14/2010 4

1 Occupant 2 Occupants Rent

1 Bedroom / May not exceed $24,200 a year / May not exceed $27,700 a year / 50%
$531
1 Bedroom / May not exceed $29,040 a year / May not exceed $33,240 a year / 60%
$642
1 Bedroom / No income restrictions / No income restrictions / $742-$861
2 Bedroom / No income restrictions / No income restrictions / $1,003

RESIDENT ELIGIBILITY:

Age 62 or older with birth certificate or other proof of age

Income must be at least 2 times the rent and acceptable credit history.

Ability and willingness to care for the apartments and abide by the lease term.

For additional information please call: 314-531-8844

AN EQUAL HOUSING OPPORTUNITY COMMUNITY

05/14/2010

Professionally managed by McCormack Baron Management Services, Inc.