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EXHIBIT 1 <br />Rehabilitation for Use as Permanent Housing Facility <br />The Regina Residence facility would require little rehabilitation to transition to a permanent <br />housing facility. During the past year Mercy House made a number of major repairs to the unit <br />including flooring and foundational upgrades and repairs. Prior to lease up Mercy House will <br />inspect the units again for any necessary repairs and/or alterations in preparation for new low- <br />income tenants. It is not anticipated that these repairs would significantly delay project start- <br />up. <br />Photos depicting some of the upgrades to the inferior of the units; completed in 2018. <br />On -going Maintenance of the Facility <br />Mercy House has on staff Maintenance Managers who are in charge of regular maintenance <br />and repair of Mercy House's facilities including the Regina Residence facility. <br />Mercy House also allocates a percentage of funding as replacement reserves that may be <br />used for special projects to improve the facility and regular maintenance <br />Project Sustainability <br />The annual rental receipts anticipated through the proposed conversion will sustain both the <br />supportive services and maintenance provided to the property. <br />Page 1 13 <br />