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Harry L Senior Apartment
Johnson City, NY
Property Announcement
October 11, 2007

St. Petersburg, FL – Raymond James Tax Credit Funds, Inc. supplied $6,363,611 in LIHTC equity for the construction of Harry L Senior Apartment located in Johnson City, NY. This project is being developed in partnership with SEPP, Inc. The property will consist of 60 one bedroom apartment units, targeting seniors who earn less than 50% and 60% of the area median income. Half of the units will be targeted towards the frail elderly. The property boasts on-site laundry facilities, a clubhouse, and social services. All of the construction is on schedule to reach completion by October 2008. Raymond James has been a sponsor of affordable housing since 1969 and has been an active participant in the Tax Credit program since its inception in 1986. To date, Raymond James has raised over $1.9 billion in equity and sponsored 43 Tax Credit Funds, with investments in over 1,100 tax credit projects in 43 states.