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Crestmoor Park West
Burleson, Texas
Property Announcement Report
July 17, 2007

St. Petersburg, FL – Raymond James Tax Credit Funds, Inc. supplied $2,226,130 in LIHTC equity for the construction of Crestmoor Park West located in Burleson, TX. This project is being developed in partnership with Valcrest Investments, Inc. The property will consist of 60 garden style apartment units. The garden apartments are one and two bedrooms, and are targeting families who earn less than fifty or sixty percent of the area median income. The property boasts a community room, a playground and social services. All of the construction is on schedule to reach completion by January 2008. Raymond James has been a sponsor of affordable housing for more than 32 years and has been an active participant in the Tax Credit program since its inception in 1986. To date, Raymond James has risen over $1.8 billion in equity and sponsored 40 Tax Credit Funds, with investments in over 1,100 tax credit projects in 43 states.