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                Tax Credit Funds Key Personnel

                Senior Management

                Steve Kropf

                Steven Kropf

                President and Chief Executive Officer
                Raymond James Tax Credit Funds
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                Rick Cargo

                Rick Cargo

                Chief Operating Officer
                Raymond James Tax Credit Funds
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                Sam Shupe

                Sam Shupe

                Senior Vice President, Director of Feasibility
                Raymond James Tax Credit Funds
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                Toni Matthews

                Toni Matthews

                Chief Financial Officer
                Raymond James Tax Credit Funds
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                James Horvick

                James Horvick

                Senior Vice President, Acquisitions and Institutional Investments
                Raymond James Tax Credit Funds
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                Brian Lynch

                Brian Lynch

                Senior Vice President, Portfolio Asset Management
                Raymond James Tax Credit Funds
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                Originations

                James Horvick

                James Horvick

                Senior Vice President, Acquisitions and Institutional Investments
                Raymond James Tax Credit Funds
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                Darryl Seavey

                Darryl J. Seavey

                Vice President and Managing Director of Acquisitions, Northeast
                Raymond James Tax Credit Funds
                Northeast
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                Kevin Kilbane

                Kevin Kilbane

                Vice President and Managing Director of Acquisitions, West
                Raymond James Tax Credit Funds
                West
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                Gary Robinson

                Gary Robinson

                Vice President and Managing Director of Acquisitions, Mid-South
                Raymond James Tax Credit Funds
                Mid-South
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                James Dunton

                James Dunton

                Vice President, Managing Director of Acquisitions, Midwest
                Raymond James Tax Credit Funds
                Midwest
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                John Colvin

                John Colvin

                Vice President, Managing Director of Acquisitions, Southeast
                Raymond James Tax Credit Funds
                Southeast
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                Sean Jones

                Sean Jones

                Vice President and Director of Acquisitions, Coastal
                Raymond James Tax Credit Funds
                Coastal
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                Dan Wendle

                Dan Wendle

                Vice President and Director of Acquisitions, West 
                Raymond James Tax Credit Funds
                West
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                Bryan Kilbane

                Bryan Kilbane

                Vice President and Director of Acquisitions, Great Lakes
                Raymond James Tax Credit Funds
                Great Lakes
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                Feasibility

                Sam Shupe

                Sam Shupe

                Senior Vice President, Director of Feasibility
                Raymond James Tax Credit Funds
                Read Bio

                Underwriting

                Rick Cargo

                Rick Cargo

                Chief Operating Officer
                Raymond James Tax Credit Funds
                Read Bio

                Institutional Investment

                Steve Kropf

                Steven Kropf

                President and Chief Executive Officer
                Raymond James Tax Credit Funds
                Read Bio
                James Horvick

                James Horvick

                Senior Vice President, Acquisitions and Institutional Investments
                Raymond James Tax Credit Funds
                Read Bio

                Asset Management

                Brian Lynch

                Brian Lynch

                Senior Vice President, Portfolio Asset Management
                Raymond James Tax Credit Funds
                Read Bio

                Investor Reporting

                Toni Matthews

                Toni Matthews

                Chief Financial Officer
                Raymond James Tax Credit Funds
                Read Bio
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