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FOR IMMEDIATE RELEASE

November 2, 2009

RAYMOND JAMES TAX CREDIT FUNDS
SUPPLIES $10 MILLION FOR
CHICAGO LIHTC PROJECT

ST. PETERSBURG, Fla. – Raymond James Tax Credit Funds, a leader in the low-income housing tax credit market for more than 25 years, has partnered with JP Morgan Capital Corporation to provide more than $10 million in LIHTC equity for construction of a state-of-the-art senior housing facility in Chicago.

Wrightwood Senior Apartments, already under construction and scheduled for completion by August 2010, will have a total of 85 units, most of them for seniors aged 62 or older and who earn less than 60 percent of the area’s median income. The property will have an onsite library, lounge areas on each floor, a central laundry facility, exercise facilities, elevators and an outdoor picnic/patio area.

The closing of the deal marked the opening of a new fund between RJTCF and JP Morgan, Raymond James Housing Opportunities Fund 8, L.P. JP Morgan Capital Corporation has been a leading investor in unguaranteed affordable housing since 1994, investing approximately $7.8 billion in more than 5,300 properties in all 50 states.

About Raymond James Tax Credit Funds
A sponsor of affordable housing since 1969, Raymond James has raised more than $2.5 billion in equity for more than 1,200 tax credit projects in 43 states. Wrightwood Senior Apartments, developed in partnership with 79th Street Limited Partnership, 3 Diamond Development and the nonprofit NHS Redevelopment Corporation, marks Raymond James’ 46th tax credit fund, Raymond James Housing Opportunities Fund 8, L.P.

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For additional information, please contact Tammy Eitel at 727-567-2824.
Please visit the Raymond James Press Center at raymondjames.com/media.

For more information, visit rjtcf.com.