!!!!!!!!!!! Application Support Package for Employees of

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1 pplication Support ackage for Employees of

2 Live Downtown Employee Eligibility equirements pplicants must be regular employees of DE Energy. o Eligible applicants include both full-time and part-time employees (provided the employee works a minimum of 20 hours per week or 40 hours in a two-week pay period). ll regular full-time and part-time new hires are eligible to apply for housing incentive monies upon first day of employment. o his program is not open to individuals working in a temporary capacity, including individuals classified as consultants, contractors, co-ops, summer students, interns, or any other temporary classification. Eligible employees who take advantage of the home purchase program will be required to make a five-year commitment to remain employed with DE Energy and must maintain the home as their primary residence in order to take full advantage of the loan forgiveness provision. o Home purchase program loans are paid in a single lump sum payment of $20,000 and are forgiven on a pro-rated basis over a five-year period, as long as the participant is in compliance with the terms of the program. (efer to the ax Disclosure cknowledgement). o If the amount necessary for buying and closing on a home is less than $20,000, the employee will receive the extra money as cash paid directly to him/her. For example, if an employee only needs $15,000 to purchase and close on the home, the extra $5,000 will be paid directly to the employee and will be taxable immediately. he remaining monies remain taxable as described in the ax Disclosure cknowledgement. o If the participant has a separation of employment (either voluntary or involuntary), sells the home, no longer uses the home as their primary residence, forecloses, or the home is deemed uninhabitable, the participant must repay the total amount of the loan that has not yet been forgiven. rimary residency will be verified by Midtown Detroit, Inc. For rental properties, this will be on a quarterly basis before the rent payment is made to the landlord. he first rent subsidy will be paid at the beginning of the first full quarter which falls after the date on which the employee is approved for the program. For home purchases, this will be done on a yearly basis. o he employee must also make the property the primary address on file with DE Energy. For rental properties, this must be done before the first quarterly payment is made. For home purchases, this must be done within 60 days of the closing. Only one incentive amount is available per family, per house (renting, buying, or improving) in the program. o If a husband and wife both work at DE Energy, only one incentive option will be given to the family. he same provision applies to parent/child relationships where everyone is living in the same home. o he above mentioned limitation also applies to employees who have family members participating in other housing incentive programs. For example, if there is already someone in the household who has taken advantage of the Live Midtown program, then the household is not eligible to take place in the Live Downtown program. If an employee is found to be abusing the program and not living in the home as their primary residence, they are subject to disciplinary action, up to and including termination of employment.

3 Live Downtown DE Energy Employee Incentive Options and pplicable Income and ax Withholding OION MOUN ID O FEQUENCY INCOME ND X WIHHOLDING New enters Up to $3,500 First year = $2,500 Second year = $1,000 enters Lease enewal Home urchase Landlord Quarterly beginning 1 st week of 1 st full quarter after move in (Year 1 $625 a quarter and Year 2 $250 a quarter) $1,000 Landlord Quarterly beginning 1 st week of 1 st full quarter after move in ($250 a quarter) $20,000 Mortgage/itle Company aid at Closing Employee is deemed to receive income as quarterly payments are remitted to Landlord. ax is withheld from the employee s regular wages proportionately over the pay periods in that quarter. Employee is deemed to receive income as quarterly payments are remitted to Landlord. ax is withheld from the employee s regular wages proportionately over the pay periods in that quarter. Employee is deemed to receive income in the amount of the payment. ax is withheld from the employee s regular wages beginning in the year the home is purchased and extending for the period of the loan. Home enovations Up to $5,000 (50% of approved exterior improvement costs will be reimbursed.) Employee (after approved project is complete) On a per project basis until the $5,000 is exhausted Employee is deemed to receive income in the amount of the payment. ax is withheld from the payment within the year reimbursement is received. Notes: 1. Gross payment amounts are subject to federal, state, and local income and employment taxes. 2. For further details on the program, see the employee eligibility requirements fact sheet as well as the tax disclosure statement. 3. DE Energy cannot provide tax advice and this chart shall not be deemed to be tax advice. 4. Consult with your tax advisor for the tax impact relative to your specific tax situation.

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7 Live Downtown X DISCLOSUE CKNOWLEDGEMEN I, (print name), understand that participation in the Live Downtown rogram has certain income tax consequences. ny amounts paid to me or on my behalf pursuant to the Live Downtown rogram will be reported by my employer as income on my Form W-2 and will be subject to income and employment tax withholdings. I acknowledge that applicable federal, state and local income and employment taxes will be withheld from my paychecks during the period of the loan. I agree to be responsible for all tax consequences as a result of my participation in the Live Downtown rogram. I have been advised to consult my own tax advisor to determine how these benefits will affect my particular tax situation. DE Energy does not provide tax advice and this document is for illustrative purposes and shall not be considered tax advice. he Live Downtown rogram has three available options: (1) ental, (2) Home urchase, and (3) Exterior Home Improvements. ttached are illustrative examples of the program. pplicant Signature rogram Options: Section : ental Section B: Home-urchase Section C: Exterior Home Improvements

8 SECION entals 1. New ental greement: Employees who meet rogram eligibility requirements and enter into a new housing rental agreement will receive a $2,500 subsidy in the first rental year and $1,000 in the second rental year. ental subsidies are paid in quarterly installments directly to the landlord. 2. enewal of Existing ental greement: Employees who meet rogram eligibility requirements and renew an existing rental agreement will receive a $1,000 rental subsidy in the first year. ental subsidies are paid in quarterly installments directly to the landlord. he rental subsidies are additional income and are subject to applicable tax withholdings from regular wages when the subsidy payment is paid by DE Energy directly to the landlord because the employee is deemed to have constructive receipt of the rental subsidy under the Internal evenue Code. Example: If an employee entered in a new leasing agreement on January 1, 2012 and the total approximate tax rate is 37.40% (federal tax at 25%, state tax at 4.25%, Detroit city resident tax at 2.5% and employment taxes, including FIC, at 5.65%), which could vary by employee and is subject to change, then the following would apply: he employee would receive a $2,500 rental subsidy in the first year, payable in increments of $625/quarter for four quarters directly to the landlord. he first rental subsidy would be paid by DE Energy on pril 1, 2012, and the employee s first paycheck on or before pril 1, 2012 would have taxes withheld from that pay in an amount of $ ($625/quarter multiplied by 37.40%). his would also occur on July 1, 2012, October 1, 2012, and January 1, 2013, assuming the employee remains in compliance with the terms of the program. he second year of the rental program (2013) would result in quarterly rental subsidy payment by DE Energy of $250/quarter and $93.50 ($250/quarter multiplied by 37.40%) would be withheld in each quarter in an identical manner as those occurring in he total tax withholdings related to the rental subsidy payments would be reflected in the employee s Form W-2 in the calendar year in which the taxes are withheld. OION MOUN ID O FEQUENCY New Lease Up to $3,500 First year = $2,500 Second year = $1,000 Landlord Quarterly beginning 1 st week of 1 st full quarter after move in (Year 1 $625 per quarter and Year 2 enewal of existing lease $250 per quarter) First year = $1,000 Landlord Quarterly beginning 1 st week of 1 st full

9 SECION B Home urchase quarter after move in ($250 per quarter) Employees who meet rogram eligibility requirements and purchase a home will receive a $20,000 forgivable loan at the closing of the real estate transaction. he term of the forgivable loan is five years and the entire amount of the forgivable loan is subject to an interest rate of 3%. he forgivable loan and applicable interest are considered additional income and are subject to applicable tax withholdings from regular wages as the loan is forgiven by DE Energy at each of the 26 bi-weekly pay periods over the five year term. he amortization schedule attached shows the income associated with the $20,000 forgivable loan that is subject to tax withholdings at each pay period for year one only. If the employee ceases to meet the eligibility requirements during the period of the loan, the full amount of the loan that has not previously been forgiven will be immediately due and payable to DE Energy. Example 1: If an employee closes on the purchase of new home on January 1, 2012 and the total approximate tax rate is 37.40% (federal tax at 25%, state tax at 4.25%, Detroit city resident tax at 2.5% and local income and employment taxes, including FIC, at 5.65%), which could vary by employee and is subject to change, then the following would apply: he employee would receive a forgivable loan in the amount of $20,000 on January 1, er the above year one schedule, the employee would have taxes withheld from the first pay in the amount of $61.99 (total income at pay one multiplied by 37.40%). ax withholding in an identical manner would occur in each pay period over the five year term of the forgivable loan, assuming the employee remains in compliance with the eligibility terms of the program. Under this example, over the 5 year term of the forgivable loan, the employee will have had taxes withheld in the amount of approximately $8,000. Example 2: he facts are the same as in Example 1, except the employee terminates employment with DE Energy on January 1, 2014 when $12,000 of the loan remains to be forgiven. he $12,000 will be immediately due and payable to DE Energy. he total tax withholdings will be reflected in the employee s Form W-2 in the calendar year in which the taxes are withheld. n example of the first year of taxes withheld from each paycheck, along with year totals for each year after for five years is on the next page. full amortization schedule may be obtained from Midtown Detroit, Inc. OION MOUN ID O FEQUENCY Home urchase $20,000 Mortgage/itle aid at Closing Company

10 SECION C Exterior Home Improvements Employees who meet rogram eligibility requirements and perform exterior-home improvements will receive a reimbursement of 50% of approved expenses up to a maximum of $5,000. ny reimbursement is additional income and is subject to applicable tax withholdings from regular wages. Example: If an employee made exterior improvements in the amount of $10,000 January 2012 and the total approximate tax rate is 37.40% (federal tax as 25%, state tax at 4.25%, Detroit city resident tax at 2.5% and local income and employment taxes, including FIC, at 5.65%), which could vary by employee and is subject to change, then the following would apply: he employee would receive a reimbursement of $5,000 in their pay upon the administrative processing of that pay in 2012 and would have taxes withheld from that pay in an amount of $1,870 ($5,000 multiplied by 37.40%). Utilizing this example, the employee would effectively receive a reimbursement of $3,130 ($5,000 minus amount of tax withholding or $1,870). he total tax withholdings related to the exterior improvement reimbursement would be reflected in the employee s Form W-2 in 2012, the year in which the taxes were withheld. OION MOUN ID O FEQUENCY Home enovations Up to $5,000 (50% of approved exterior improvement costs will be reimbursed.) Employee (after approved project is complete) On a per project basis up to $5,000

11 rimary esidence urchase rogram pplication Employee Information Employer Blue Cross Blue Shield of Michigan Compuware DE Energy Name Strategic Staffing Solutions Quicken of Hire 1 Current ddress First Initial Last Employee Number Number Street Unit City State Zipcode Contact Employer Certification Daytime hone Evening hone ddress "##$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$#%&'()*#+,#-./0#$$$$$#12*#+)#$$$$$$$$$$$$$$"##34$$$#-.2-#-.&#25+6&#/,1/6/1<29#/0#2,# &9/:/59&#&879+*&&#+)#$$$$$$$$$$$$$$$$$$$$$$$#?.+#%<''&,-9*#'&0/1&0#2-#-.&#25+6&#211'&00#@# roperty re-pproval uthorizing Employer epresentative Signature *ttach Copy of MLS Listing ddress Number Street City State Zipcode 2 Housing ype Condo Single Family Duplex owhouse Beds Baths Garage y/n Square Footage Year Built Household Size Listing gent Buyer's gent Multi Listing Service Number "##$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$#%&'()*#+,#-./0#$$$$$#12*#+)#$$$$$$$$$$$$$$"##34$$$#-.2-#-.&#25+6&#1&0%'/5&1# 7'+7&'-*#8&&-0#&9/:/5/9/-*#'&;</'&8&,-0#)+'#-.&#=/6&#>+?,-+?,#7'+:'28@# uthorizing Midtown Detroit, Inc. Signature v

12 elease of Funds articipant s purchase of the roperty was partially incentivized with funding from the Live Downtown program. Under the regulations of the Live Downtown program, articipant s receipt of the funds are conditioned on articipant s agreement to restrictions on articipant s ability to sell or move from the roperty, for the purpose of ensuring that the funds are used only for the purchase of primary residence housing which is located within the Live Downtown program boundaries for at least five years from the closing date ( Forgiveness eriod ). $20,000 Lump Sum Single ayment ("Forgivable Loan") wenty thousand dollars ($20,000) will be made available prior to closing through wire transfer or certified check directly to the title company, closing attorney or other settlement agent for disbursal on behalf of the applicant. hese funds can be applied directly to the purchaser s closing costs and downpayment. Funds can be used to purchase mortgage discount points. Closing itle Company 3 1. articipant shall use the Live Downtown program proceeds to fund costs associated with the roperty. 2. For the forgivable loan program:. he amount of the Live Downtown forgivable loan shall be reduced on a pro-rated basis over a five year period so long as the articipant continues to be employed by employer and continues to own, reside in and maintain the roperty as their primary residence, commencing with the date of the loan. B. If articipant sells or vacates the roperty, articipant must repay to the Live Downtown rogram the outstanding balance of the Live Downtown forgivable loan. C. If articipant should separate their employment from the sponsoring institution, articipant must repay to the Live Downtown rogram the outstanding balance of the forgivable loan. 3. Live Downtown administrator must be notified of any sale of the roperty that occurs prior to the end of the five year compliance period. 4. Live Downtown administrator must be notified of any change of residence of the articipant that occurs prior to the end of the five year compliance period. 5. By signing below the applicant acknowledges prior reciept and review of the ax Disclosure cknowledgement form previously provided and signed. articipant Signature uthorizing Employer epresentative Signature uthorizing Midtown Detroit, Inc. Signature v

13 rimary esidence ental rogram pplication Employee Information Employer Blue Cross Blue Shield of Michigan Compuware DE Energy Name Strategic Staffing Solutions Quicken of Hire 1 Current ddress First Initial Last Employee Number Number Street Unit City State Zipcode Contact Employer Certification Daytime hone Evening hone ddress "##$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$#%&'()*#+,#-./0#$$$$$#12*#+)#$$$$$$$$$$$$$$"##34$$$#-.2-#-.&#25+6&#/,1/6/1728#/0#2,# &8/9/58&#&:;8+*&&#+)#$$$$$$$$$$$$$$$$$$$$$$$#<.+#%7''&,-8*#'&0/1&0#2-#-.&#25+6&#211'&00#=# roperty re-pproval uthorizing Employer epresentative Signature *ttach Copy of Draft Lease ddress Number Street Unit City State Zipcode Housing ype Single Family Duplex partment Loft 2 Beds Baths Lease ate Square Footage arking Spaces Household Size roperty Manager elephone "##$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$#%&'()*#+,#-./0#$$$$$#12*#+)#$$$$$$$$$$$$$$"##34$$$#-.2-#-.&#25+6&#1&0%'/5&1# ;'+;&'-*#:&&-0#&8/9/5/8/-*#'&>7/'&:&,-0#)+'#-.&#?/6&#@+<,-+<,#;'+9'2:=# uthorizing Midtown Detroit, Inc. Signature v

14 elease of Funds *ttached a Copy of Signed Lease articipant s rental of the roperty was partially incentivized with funding from the Live Downtown program. Under the regulations of the Live Downtown program, articipant s receipt of the funds are conditioned on articipant s agreement to restrictions on articipant s ability to move from the roperty, for the purpose of ensuring that the funds are conditioned on the rental of primary residence housing which is located within the Live Downtown program boundaries for the term of the agreement. First Year rogram ( copy of the signed lease must be attached) n annual total of two thousand five hundred dollars ($2,500) will be made available directly to the landlord upon the signing of a minimum one year lease. Funds will be distributed on the first business day of the first month of each quarter. Lease Leasing Office ddress: Second Year rogram Leasing gent Number Street City State Zipcode ( copy of the signed lease must be attached) n annual total of one thousand dollars ($1,000) will be made available directly to the landlord upon the signing of a minumum one year lease. Funds will be distributed on the first business day of the first month of each quarter. Lease Leasing Office ddress: enewing enter rogram Leasing gent Number Street City State Zipcode ( copy of the signed lease must be attached) 3 n annual total of one thousand dollars ($1,000) will be made available directly to the landlord upon the signing of a minumum one year lease. Funds will be distributed on the first business day of the first month of each quarter. Lease Leasing Office ddress: Leasing gent Number Street City State Zipcode 1. Live Downtown administrator must be notified of any change of residence of the articipant that occurs prior to the end of the agreement term. 2. If articipant relocates from the roperty, all future Live Downtown rogram payments will cease immediately. 3. If articipant should separate their employment from the sponsoring institution for any reason, all future Live Downtown rogram payments will cease immediately. 4. By signing below the applicant acknowledges prior reciept and review of the ax Disclosure cknowledgement form previously provided and signed. 5. I certify that I have not resided permanently in the Live Downtown program boundaries in the past 12 months. (First year program applicants only) articipant Signature uthorizing Employer epresentative Signature uthorizing Midtown Detroit, Inc. Signature v

15 Exterior Improvement rogram pplication Employee Information Employer Blue Cross Blue Shield of Michigan Compuware DE Energy Name Strategic Staffing Solutions Quicken of Hire 1 First Initial Last Employee Number Current ddress Number Street Unit City State Zipcode Contact Employer Certification Daytime hone Evening hone ddress "##$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$#%&'()*#+,#-./0#$$$$$#12*#+)#$$$$$$$$$$$$$$"##34$$$#-.2-#-.&#25+6&#/,1/6/1728#/0#2,#&8/9/58&# &:;8+*&&#+)#$$$$$$$$$$$$$$$$$$$$$$$#<.+#%7''&,-8*#'&0/1&0#2-#-.&#25+6&#211'&00#=# uthorizing Employer epresentative Signature roperty re-pproval ddress Housing ype Number Street Unit City State Zipcode Single Family Duplex owhouse 2 Beds Baths Garage y/n Square Footage Year Built Household Size "##$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$#%&'()*#+,#-./0#$$$$$#12*#+)#$$$$$$$$$$$$$$"##34$$$#-.2-#-.&#25+6&#1&0%'/5&1# ;'+;&'-*#:&&-0#&8/9/5/8/-*#'&>7/'&:&,-0#)+'#-.&#?/6&#@+<,-+<,#;'+9'2:=# uthorizing Midtown Detroit, Inc. Signature v

16 roject re-pproval *ttach Copies of Contractor roposals and a detailed scope of work for the project roposal #1 Contractor Name elephone Contract otal Start roposal #2 Contractor Name elephone 3 Contract otal Start pplicant must attach two detailed contractor bids for their project unless work is to be performed by the applicant. detailed written scope of work must also be attached. lease include pictures, sketches, paint swatches or other information as applicable. lease refer to the Live Downtown program guidelines for further information. Employee Signature "##$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$#%&'()*#+,#-./0#$$$$$#12*#+)#$$$$$$$$$$$$$$"##34$$$#-.2-#-.&#1&0%'/5&1#6+'7#8&&-0# &9/:/5/9/-*#'&;</'&8&,-0#)+'#-.&#=>?#@/1-+6,#'+:'28B# uthorizing Midtown Detroit, Inc. Signature elease of Funds *ttach a Copy of Final aid Invoice or Itemized eceipts articipant s exterior renovation of the roperty was partially incentivized with funding from the Live Downtown program. Under the regulations of the Live Downtown program, articipant s receipt of the funds are conditioned on articipant s agreement to restrictions of usage as authorized through the scope of work review. Maximum funds available are $5, By signing below, the articipant certifies that the information submitted in connection with this application was true and accurate and that the work was completed in accordance with all applicable laws and regulations. By signing below the applicant acknowledges prior reciept and review of the ax Disclosure cknowledgement form previously provided and signed. Final roject Cost roject Completion aid in Full 4 articipant Signature uthorizing Employer epresentative Signature uthorizing Midtown Detroit, Inc. Signature v