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Parkview Apartments of Metropolis
Metropolis, Illinois
Property Announcement Report
February 8, 2006

St. Petersburg, FL – Raymond James Tax Credit Funds, Inc. supplied $4,210,651 in LIHTC equity for the development of Parkview Apartments of Metropolis, located in Metropolis, Illinois. This property is being developed in partnership with Yost Management, LLC. The property will consist of 42 units that will vary between duplex and garden style apartments. The units are one, two, and three bedrooms, and target families earning less than sixty percent of the area median income. The property boasts a large community room, central laundry facility, and playground. Construction started in January 2006 and is on target to be completed by January 2007. Raymond James has been a sponsor of affordable housing for more than 31 years and has been an active participant in the Tax Credit program since its inception in 1986. To date, Raymond James has raised over $1.3 billion in equity and sponsored 32 Tax Credit Funds, with investments in over 1,000 tax credit projects in 43 states.

For additional information please contact Steve Kropf at 800-438-8088 or steve.kropf@raymondjames.com