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Accomack Manor
Parksley, Virginia
Property Announcement Report
January 13, 2006

St. Petersburg, FL – Raymond James Tax Credit Funds, Inc. supplied $6,450,978 in LIHTC equity for the development of Accomack Manor located in Parksley, Virginia. This property is being developed in partnership with Accomack-Northampton Housing & Redevelopment Corporation. The property will consist of 92 garden style apartment units. The units are one and two bedrooms, and target elderly households earning fifty percent of the area median income. The property boasts a large community room, central laundry facility, and fitness center. Construction started in November 2005 and is on target to be completed by April 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