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
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                    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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