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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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