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1 Page 1 of 30 Oct 1, 2017 thru Dec 31, 2017 Performance Report Grant Number: B-09-NN-MA-0003 Grantee Name:, Inc. LOCCS Authorized : $78,617, Estimated PI/RL Funds: $100,000, Obligati Date: Award Date: Ctract End Date: Reviewed By HUD: Reviewed and Approved Budget: $178,617, Grant Status: Active QPR Ctact: Njeri Santana Disasters: Declarati Number NSP Executive Summary: (TCB) NSP2 Program is designed to house families whose incomes are at or below 120 % of AMI, 25% of these funds are to be allocated to households whose income is below 50% of AMI. To this end TCB intends to work in at least 8 states and the District of Columbia. These states are Massachusetts, New York, Pennsylvania, Ohio, Virginia, Illinois, Indiana, North Carolina. TCB will purchase/rehabilitate 540 units of aband/foreclosed properties spending approximately $33,750,000. In additi TCB will demolish 90 units of blighted structures for $1,080,000 and redevelop demolished/vacant properties as housing for $35,925,868. At least 50% of the funds will be drawn by February 2012 and 100% will be drawn by February Target Geography: The target Geography is the eight states of Masachusetts, New York, Pennsylvania, Virginia, North Carolina, Ohio, Indiana, Illinois and the District of Columbia. State Allocatis to those area will be fully expended. Additial states will be added if opportunities arise and the funding is available. Program Approach: TCB is targetting multifamily structures which are in foreclosure or abanded in communities with high foreclosure and/or vacancy rates. These multifamily properties will drag down the value, safety and desirability of the single family structures if not addressed. The philosophy is to utilize NSP2 funds for acquisiti and rehabilitati, demoliti and/or new cstructi to move projects through the pipeline in an expedited time frame. The expectat is that the permanent financing will be a multi layered financing structure utilizing typical multifamily funding such as tax credits, first mortgages, bds, risk sharing, soft secd and third loans etc. These funds will be utilized to take out the NSP2 funding. The repaid NSP2 dollars will be recommitted to fund additial projects thereby leveraging the NSP2 funding to the greatest extent feasible. Csortium Members: How to Get Additial Informati: Check the TCBinc.org website and check under NSP2 Call D. Morgan Wils, Program Manager Supporting Documents Overall To Date Projected Budget from All Sources N/A 197,489, Budget 732, ,468, Obligated $732, $169,915, Funds Drawdown $1,497, $153,987, Program Funds Drawdown $0.00 $78,617, Program Income Drawdown $1,497, $75,370, Program Income Received $544, $80,170, Funds Expended $2,052, $155,524,057.94

2 Page 2 of 30 Most Impacted and Distressed Expended $0.00 $0.00 Match Ctributed $0.00 $98,713, Progress Toward Required Numeric Targets Requirement Target Actual Overall Benefit Percentage (Projected): 0% Overall Benefit Percentage (Actual): 0% Minimum N-Federal Match $0 $99,760,696 Limit Public Services $0 $0 Limit Admin/Planning $7,861, $13,167, Limit State Admin $0 $13,167, Most Impacted and Distressed Threshold (Projected): $0.00 $0.00 Overall Progress Narrative: In preparati for the Closeout of our NSP2 Grant, we have worked with the Technical Assistant and NSP2 staff assigned to our grant to receive initial feedback our acti plan and process for updating DRGR. Our current estimate, based several variables, is that the earliest TCB could be ready for Grant Closeout is the middle of calendar year To advance towards closeout and provide clear reporting in DRGR, we revised vouchers to reflect the expenditures the general ledger, completed performance metric reporting, updated activity completi dates and activity and locati descriptis for 21 activities this quarter. Additially, the edits made this quarter incorporated feedback received our acti plan from HUD NSP2 staff. TCB has created a plan for making similar edits to the remaining activities and respding to the flags in DRGR. Based feedback from our technical advisor and HUD NSP2 staff it was advised that we wait to mark activities complete until all edits are complete in DRGR. Only e activity has not been completed, but it was funded out of program income, therefore does not impede closeout. Project Summary Project#, Project Title To Date Program Funds Drawdown Project Funds Budgeted Program Funds Drawdown AA, Administrative Costs 3,500 15,141, ,751, B, Purchase/rehab aband/foreclosed properties for< 0 58,800,000 19,565, LMI 120. B-2, Purchase/rehab aband/foreclosed properties LH 0 34,180, ,344, D, Demolish Blighted Structures 0 3,000, , E, Redevelop demolished/vacant properties as housing 0 54,556,752 17,112, E-2, Redevelop demolished/vacant properties as housing -3,500 11,945, ,665, LH 25 Z, Cincinnati Housing Improvement Fund Project/Activity Index: Project # Project Title Grantee Activity # Activity Title AA Administrative Costs AN Administrati and Overhead B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP Mashpee Village Rehab B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP100048B Mashpee Village Activity Delivery B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP West Village B B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP Mecklenberg Mills B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP St Stephen's B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP B St Stephen's Program Delivery B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP200489B Cohoes Falls Program Delivery B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP Cornerste Rehab B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP B Cornerste Activity Delivery B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP FNMA Cincinnati Portfolio B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP H TCB Cincinnati MF H WH Estates B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP J TCB Cincinnati MF J WH Scattered Sites B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP K TCB Cincinnati MF K Chapel Sq. B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP L TCB Cincinnati MF L Lexingt B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP M TCB Cincinnati MF M Saints Rest B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP N TCB Cincinnati MF N Raffel B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP Q TCB Cincinnati MF Q Eatdale North B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP R TCB Cincinnati MF R Eatdale B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP S TCB Cincinnati MF S Woodside B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP Avdale Housing II LP B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP B Avdale Housing II LP Rehab Activity Delivery

3 Page 3 of 30 B Purchase/rehab aband/foreclosed properties for< LMI 120. NSP Thornwood - B B-2 Purchase/rehab aband/foreclosed properties LH 25 NSP West Village B-2 Purchase/rehab aband/foreclosed properties LH 25 NSP B West Village project delivery B-2 Purchase/rehab aband/foreclosed properties LH 25 NSP Cohoes Falls B-2 Purchase/rehab aband/foreclosed properties LH 25 NSP Depot Crossing B-2 Purchase/rehab aband/foreclosed properties LH 25 NSP B Depot Crossing Program Delivery B-2 Purchase/rehab aband/foreclosed properties LH 25 NSP B FNMA Cincinnati Portfolio Activity Delivery B-2 Purchase/rehab aband/foreclosed properties LH 25 NSP Avdale I B-2 Purchase/rehab aband/foreclosed properties LH 25 NSP Avdale II Rehab B-2 B-2 Purchase/rehab aband/foreclosed properties LH 25 NSP Thornwood B-2 Purchase/rehab aband/foreclosed properties LH 25 NSP B Thornwood Program Delivery D Demolish Blighted Structures NSP F TCB Cincinnati MF F Hale Apts D Demolish Blighted Structures NSP G TCB Cincinnati MF G Shiloh Manor E Redevelop demolished/vacant properties as housing NSP East Liberty E Redevelop demolished/vacant properties as housing NSP B East Liberty Program Delivery E Redevelop demolished/vacant properties as housing NSP B The Mills Program Delivery E Redevelop demolished/vacant properties as housing NSP Ptiac Square Phase I E Redevelop demolished/vacant properties as housing NSP Nicetown Courts E Redevelop demolished/vacant properties as housing NSP B Nicetown Courts Program Delivery E Redevelop demolished/vacant properties as housing NSP Hillcrest Senior Residences E Redevelop demolished/vacant properties as housing NSP B Hillcrest Activity Delivery E Redevelop demolished/vacant properties as housing NSP B 47th Street Lofts Program Delivery E Redevelop demolished/vacant properties as housing nsp Northtown Village Senior E Redevelop demolished/vacant properties as housing NSP B Northtown Village Program Delivery E Redevelop demolished/vacant properties as housing NSP Grand Street E Redevelop demolished/vacant properties as housing NSP B 93 Grand Activity Delivery E Redevelop demolished/vacant properties as housing NSP Noda Mills E Redevelop demolished/vacant properties as housing NSP E Cornerste New Cstructi E Redevelop demolished/vacant properties as housing NSP Public School 6 E Redevelop demolished/vacant properties as housing NSP B Public School 6 Activity Delivery E Redevelop demolished/vacant properties as housing NSP Hillside View E Redevelop demolished/vacant properties as housing NSP B Hillside View Activity Delivery E Redevelop demolished/vacant properties as housing NSP Warburt E Redevelop demolished/vacant properties as housing NSP B 188 Warburt Activity Delivery E Redevelop demolished/vacant properties as housing NSP Walnut Hills Revitalizati E Redevelop demolished/vacant properties as housing NSP B Walnut Hills Revitalizati Activity Delivery E Redevelop demolished/vacant properties as housing NSP E Avdale Housing II LP New Cst E Redevelop demolished/vacant properties as housing NSP Broad Creek V E Redevelop demolished/vacant properties as housing NSP B Broad Creek V Activity Delivery E Redevelop demolished/vacant properties as housing NSP Aurora Scattered Sites E Redevelop demolished/vacant properties as housing NSP Grand St. E Redevelop demolished/vacant properties as housing NSP Province Landing E Redevelop demolished/vacant properties as housing NSP B Province Landing Program Delivery E Redevelop demolished/vacant properties as housing nsp th Street Lofts E-2 Redevelop demolished/vacant properties as housing LH 25 NSP Nicetown Courts E-2 E-2 Redevelop demolished/vacant properties as housing LH 25 NSP Northtown Village Senior E-2 E-2 Redevelop demolished/vacant properties as housing LH 25 NSP E-2 Avdale II New Cstructi E-2 E-2 Redevelop demolished/vacant properties as housing LH 25 NSP Province Landing E-2 Z Cincinnati Housing Improvement Fund NSP20CHIF Cincinnati Housing Improvement Fund Activities

4 Page 4 of 30 Project # / AA / Administrative Costs AN Administrati AA 02/11/2010 N/A Administrati and Overhead Administrative Costs 12/30/2018 Projected Budget from All Sources: N/A $15,141, Budget: $0.00 $15,141, Obligated: $0.00 $15,141, Funds Drawdown $3, $13,167, Program Funds Drawdown: $3, $8,751, Program Income Drawdown: $0.00 $4,415, Program Income Received: $0.00 $198, Funds Expended: $3, $13,167, $3, $13,167, Match Ctributed: $0.00 $0.00 Staff time for grantee administrati, overhead, and prospecting sites. The administrati budget has been increased to accomodate the additial Program Income taken in. Locati Descripti: The administrati is mostly being performed in the Bost MA corporate offices although some of the activities cover staff time in the regial offices in Chicago, Illinois and Washingt, DC. No new A&O costs were drawn this quarter. The expenditures reported this quarter reflect voucher revisis moving a cost that was incorrectly recorded an activity. A&O expenditures as of 12/31/2017 were $13,167, and within the 10% cap. Activity Locati: No Activity Locatis Found No Found

5 Page 5 of 30 Project # / B / Purchase/rehab aband/foreclosed properties for< LMI 120. NSP Rehabilitati/recstructi of residential structures B 03/01/2012 Cornerste Rehab Purchase/rehab aband/foreclosed properties for< LMI /15/ /15/2015 Projected Budget from All Sources: N/A $1,576, Budget: ($23,839.35) $1,576, Obligated: ($23,839.35) $1,576, Funds Drawdown $0.00 $1,576, Program Funds Drawdown: $0.00 $7, Program Income Drawdown: $0.00 $1,568, Program Income Received: $0.00 $1,372, Funds Expended: $7, $1,576, $7, $1,576, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected # of Properties 2 2/2 #Units with bus/rail access 45 45/45 #Units exceeding Energy Star 45 45/45 #Sites re-used 2 2/2 Cumulative Actual / Expected # of Housing Units 45 45/45 # of Multifamily Units 45 45/45 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /12 11/0 35/ # Renter Households /12 11/0 35/ Cumulative Race Cumulative Actual Owner Renter Households Owner Renter Households Direct Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Benefit (Households) White Black/African American Households Female Unknown

6 Page 6 of 30 Cornerste is a ctinuati of the redevelopment of the Southside neighborhood of Chicago. It is partially located within the 49th / St. Lawrence TIF District, and it is within the same area as two of Chicago s major HOPE VI developments. Recent targeted investment and engagement by the University of Chicago and the Illinois Institute of Technology in neighborhood educatial institutis algside housing redevelopment performed by the City, TCB, and other groups have begun to reverse the area s lg decline, but the market is still fragile. This project csists of two apartment buildings, e with 21 family units and the other with 24 family units, which are approximatley 100 years old and renovated with LIHTC in the late 1990s, were acquired and renovated with LIHTC, NSP, and perm debt. This project is combined with new cstructi vacant land tracked under activity NSP E. Of the 45 units that have been renovated 12 are restricted to low-income with 33 units restricted to middle income. All of the units are restricted with a Land Use Restricti Agreement that is recorded and runs with the land. TCB owns and manages the units. Leases are for e year, and rents are set according to the lowest program set aside for the unit. For the NSP2 program the low HOME rents are used. Locati Descripti: Address: 50th Street and Champlian, Chicago, IL 60615, Census tract: Cornerste was occupied in early The activity has been updated, beneficiaries and performance metrics added, and the expenditures accurately reflect the general ledger. Activity Locati: No Activity Locatis Found No Found NSP B Rehabilitati/recstructi of residential structures B 06/01/2011 Cornerste Activity Delivery Purchase/rehab aband/foreclosed properties for< LMI /15/ /15/2015 Projected Budget from All Sources: N/A $63, Budget: ($36,943.79) $63, Obligated: ($36,943.79) $63, Funds Drawdown $0.00 $63, Program Funds Drawdown: $0.00 $31, Program Income Drawdown: $0.00 $31, Funds Expended: ($2,831.55) $63, ($2,831.55) $63,056.21

7 Page 7 of 30 Match Ctributed: $0.00 $0.00 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /0 0/0 0/0 0 # Renter Households /0 0/0 0/0 0 Cumulative Race Cumulative Actual Owner Renter Households Owner Renter Households Direct Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Benefit (Households) White Households Female This account funds staff costs and overhead related to the Cornerste development. All the performance metrics will be tracked under the related activities NSP and NSP E. Locati Descripti: The activity is complete and the expenditures were updated to reflect the GL. Any performance metrics will be recorded under the activity delivering the natial objective (Cornerste Rehab and Cornerste New Cstructi). Activity Locati: No Activity Locatis Found No Found NSP Rehabilitati/recstructi of residential structures B 12/01/2012 Avdale Housing II LP Purchase/rehab aband/foreclosed properties for< LMI /29/ /30/2017

8 Page 8 of 30 Projected Budget from All Sources: N/A $7,378, Budget: $0.00 $7,378, Obligated: $0.00 $7,378, Funds Drawdown $99, $5,428, Program Funds Drawdown: $0.00 $46, Program Income Drawdown: $99, $5,382, Funds Expended: $99, $5,428, $99, $5,428, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected # of Properties 0 5/4 #Replaced thermostats 0 47/47 #Replaced hot water heaters 0 47/47 #Refrigerators replaced 0 47/47 #Low flow toilets 0 47/47 #Low flow showerheads 0 47/47 #Units exceeding Energy Star 0 0/0 #Sites re-used 0 5/4 Cumulative Actual / Expected # of Housing Units 0 47/47 # of Multifamily Units 0 47/47 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /0 0/35 0/47 0 # Renter Households /0 0/35 0/47 0 Cumulative Race Cumulative Actual Owner Renter Households Owner Renter Households Direct Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Benefit (Households) White Households Female Avdale II is e phase of a multi-phase, scattered redevelpoment of highly-distressed housing in the Avdale neighborhood. It will be combined with the Avdale I NSP2 Activity. Avdale II is broken into a rehab and new cstructi compent. This Activity will be combine dwith the housing development porti of the FY12 Avdale Choice grant. Phase II involves the rehab of 59 units acquired from FNMA plus the renovati/new cstructi of 60 additial units. This phase will be undertaken using 4% LIHTC and HTC Credits to leverage the Choice Neighborhood funding. This project is paired with Avdale Redevelopment Phase I ( ), a 9% LIHTC phase that will rehab 81 assisted units from the Cincinnati MF portfolio. Locati Descripti: These properties are located in Cincinnait's Avdale neighborhood, also the target area for TCB's FY12 Choice Neighborhoods Implementati Grant Reading Road, Cincinnati, OH; census tract: Gholst Ave, Cincnnati, OH; census tract: Reading Road, Cincinnati, OH; census tract: Maple Ave, Cincinnati, OH; census tract: Maple Ave, Cincinnati, OH; census tract: Blair Ave, Cincinnati, OH; census tract: Reading Road, Cincinnati, OH; census tract:

9 Page 9 of 30 The activity completed cstructi at the end of August. Expenditures this quarter were related to finishing up cstructi. Activity Locati: No Activity Locatis Found No Found NSP B Rehabilitati/recstructi of residential structures B 04/18/2014 Avdale Housing II LP Rehab Activity Delivery Purchase/rehab aband/foreclosed properties for< LMI /01/ /30/2017 Projected Budget from All Sources: N/A $40, Budget: $0.00 $40, Obligated: $0.00 $40, Funds Drawdown $0.00 $8, Program Funds Drawdown: $0.00 $0.00 Program Income Drawdown: $0.00 $8, Funds Expended: ($2,303.42) $8, ($2,303.42) $8, Match Ctributed: $0.00 $0.00 This is the Activity Delivery for the associated Avdale Housing II LP Activity. Locati Descripti: The reducti in expenditures refect the amount draw. Activity Locati:

10 Page 10 of 30 No Activity Locatis Found No Found Project # / B-2 / Purchase/rehab aband/foreclosed properties LH 25 NSP B Rehabilitati/recstructi of residential structures B-2 01/10/2011 NSP Only - LH - 25% Set-Aside Depot Crossing Program Delivery Completed Purchase/rehab aband/foreclosed properties LH 25 02/12/ /25/2012 Projected Budget from All Sources: N/A $29, Budget: ($22,830.01) $29, Obligated: ($22,830.01) $29, Funds Drawdown $0.00 $29, Program Funds Drawdown: $0.00 $26, Program Income Drawdown: $0.00 $3, Funds Expended: $0.00 $29, $0.00 $29, Match Ctributed: $0.00 $0.00 Activity delivery for Depot Crossing. Expenditures cover legal fees for grantee. Unit delivery is reported under the Depot Crossing activity (NSP ). Locati Descripti: the project is located in Wareham, MA census tract The activity is complete, and the performance metrics are reported under the activity that is delivering the natial objective (Depot Crossing). This quarter the budget was reduced to reflect the expenditures. Activity Locati:

11 Page 11 of 30 No Activity Locatis Found No Found NSP Rehabilitati/recstructi of residential structures B-2 10/31/2014 NSP Only - LH - 25% Set-Aside Avdale II Rehab B-2 Purchase/rehab aband/foreclosed properties LH 25 06/15/ /30/2017 Projected Budget from All Sources: N/A $3,640, Budget: $0.00 $3,640, Obligated: $0.00 $3,640, Funds Drawdown $164, $687, Program Funds Drawdown: $0.00 $76, Program Income Drawdown: $164, $611, Funds Expended: $164, $687, $164, $687, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected # of Properties 0 5/5 #Replaced thermostats 0 54/54 #Replaced hot water heaters 0 54/54 #Low flow toilets 0 54/54 #Low flow showerheads 0 54/54 #Sites re-used 0 5/5 Cumulative Actual / Expected # of Housing Units 0 54/54 # of Multifamily Units 0 54/54

12 Page 12 of 30 Avdale II is e phase of a multi-phase, scattered redevelopment of highly-distressed housing in the Avdale neighborhood. It will be combined with the Avdale I NSP2 Activity. Avdale II is broken into a rehab and new cstructi compent. This Activity will be combine with the housing development porti of the FY12 Avdale Choice grant. Phase II involves the rehab of 59 units acquired from FNMA plus the renovati/new cstructi of 60 additial units. This phase will be undertaken using 4% LIHTC and HTC Credits to leverage the Choice Neighborhood funding. Locati Descripti: These properties are located in Cincinnait's Avdale neighborhood, also the target area for TCB's FY12 Choice Neighborhoods Implementati Grant Reading Road, Cincinnati, OH; census tract: Gholst Ave, Cincnnati, OH; census tract: Reading Road, Cincinnati, OH; census tract: Maple Ave, Cincinnati, OH; census tract: Maple Ave, Cincinnati, OH; census tract: Blair Ave, Cincinnati, OH; census tract: Reading Road, Cincinnati, OH; census tract: The activity completed cstructi at the end of August. Expenditures this quarter were related to finishing up cstructi. Activity Locati: No Activity Locatis Found No Found Project # / D / Demolish Blighted Structures NSP F Clearance and Demoliti D 11/12/2016 TCB Cincinnati MF F Hale Apts Demolish Blighted Structures 02/01/ /01/2017 Area ( Census ) Projected Budget from All Sources: N/A $1,768, Budget: ($231,736.64) $1,768,263.36

13 Page 13 of 30 Obligated: ($231,736.64) $1,768, Funds Drawdown $0.00 $944, Program Funds Drawdown: $0.00 $112, Program Income Drawdown: $0.00 $832, Funds Expended: $0.00 $944, $0.00 $944, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected # of Properties 1 1/1 LMI%: Hale apartments was purchased as part of a larger portfolio by TCB Cincinnati MF LLC from FNMA, subsequent to FNMA s foreclosure the portfolio. After significant effort to maintain the building as affordable housing, the developer, the City of Cincinnati, and HUD Multi-Family have come to the cclusi that the best result for the neighborhood would be to port the HAP Ctract, relocate the residents, and demolish the building. The demoliti of this building will remove blight in an area where more than 51% of the residents are at or below 120% AMI, therefore meeting the area benefit natial objective. Locati Descripti: Hale Apartments, census tract: , address: 518 Hale Avenue, Cincinnati, OH in between Hallwood Place and Harvey Ave. The property was demolished in February of There are additial vouchers to be moved, but the budget was reduced to reflect the total expenditures that will be transferred through voucher revisis from the Cincinnati MF activity. Activity Locati: No Activity Locatis Found No Found NSP G Clearance and Demoliti D 11/12/2016 TCB Cincinnati MF G Shiloh Manor Demolish Blighted Structures 02/01/ /01/2017 Area ( Census )

14 Page 14 of 30 Projected Budget from All Sources: N/A $938, Budget: ($61,165.70) $938, Obligated: ($61,165.70) $938, Funds Drawdown $0.00 $466, Program Funds Drawdown: $0.00 $65, Program Income Drawdown: $0.00 $400, Funds Expended: $0.00 $466, $0.00 $466, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected # of Properties 1 1/1 LMI%: Shiloh Manor was purchased as part of a larger portfolio by TCB Cincinnati MF LLC from FNMA, subsequent to FNMA s foreclosure the portfolio. After significant effort to maintain the building as affordable housing, the developer, the City of Cincinnati, and HUD Multi-Family have come to the cclusi that the best result for the neighborhood would be to port the HAP Ctract, relocate the residents, and demolish the building. The demoliti of this building will remove blight in an area where more than 51% of the residents are at or below 120% AMI, therefore meeting the area benefit natial objective. Locati Descripti: Shiloh Manor, census tract: , address: 758 Ridgeway Avenue, Cincinnati, OH in between Reading Road and Perkins Ave The property was demolished in February of There are additial vouchers to be moved, but the budget was reduced to reflect the total expenditures that will be transferred through voucher revisis from the Cincinnati MF activity. Activity Locati: No Activity Locatis Found No Found Project # / E / Redevelop demolished/vacant properties as housing NSP Cstructi of new housing E Hillcrest Senior Residences Redevelop demolished/vacant properties as housing

15 Page 15 of 30 08/01/ /31/ /31/2017 Projected Budget from All Sources: N/A $2,241, Budget: $11, $2,241, Obligated: $11, $2,241, Funds Drawdown $116, $2,240, Program Funds Drawdown: $0.00 $795, Program Income Drawdown: $116, $1,444, Program Income Received: $0.00 $78, Funds Expended: $153, $2,240, $153, $2,240, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected #Units with bus/rail access 0 56/56 #Units exceeding Energy Star 0 56/56 #Sites re-used 0 1/1 # ELI Households (0-30% AMI) 0 7/0 Cumulative Actual / Expected # of Housing Units 0 56/56 # of Multifamily Units 0 56/56 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /40 10/16 46/ # Renter Households /40 10/16 46/ Cumulative Race Cumulative Actual Owner Renter Households Owner Renter Households Direct Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Benefit (Households) White Black/African American Households Female Unknown Hillcrest will include the new cstructi of 66 units of senior housing cveniently located near neighborhood amenities and transportati. 56 of the units were funded with NSP2 of which are restricted with a Land Use Restricti Agreement that is recorded and runs with the land. TCB owns and manages the property. Leases are for e year and rents are set according to the lowest program set aside for the unit. For the NSP2 program low HOME rents are used. The project exceeds energy star ratings. In additi to providing quality, affordable and cvenient homes for seniors, Hillcrest will remove a source of blight from Carrick s central commercial corridor. Locati Descripti: The Hillcrest Senior Residences was built the site of a lg-abanded Giant Eagle grocery store in the Carrick neighborhood of Pittsburgh. Carrick is an older low to moderate income neighborhood Pittsburgh s south side, located between the suburbs of the South Hills and downtown Pittsburgh. Brownsville Road is the central commercial corridor of the neighborhood. This old inner suburban Pittsburgh neighborhood has been hard hit by residential and commercial vacancies, of which the Giant Eagle site is a highly visible symbol at the gateway to the neighborhood. The address is 2948 Brownsville Road, Pittsburgh, PA 15227, located in census tract:

16 Page 16 of 30 Hillcrest has completed cstructi and is occupied. Expenditures this quarter reflect the final draw and an update to reflect the expenditures the general ledger. Beneficiaries have been reported and expenditures match the GL. Activity Locati: No Activity Locatis Found No Found NSP B Cstructi of new housing E 08/01/2012 Hillcrest Activity Delivery Redevelop demolished/vacant properties as housing 08/01/ /31/2017 Projected Budget from All Sources: N/A $40, Budget: ($59,608.02) $40, Obligated: ($59,608.02) $40, Funds Drawdown ($1,039.97) $39, Program Funds Drawdown: $0.00 $4, Program Income Drawdown: ($1,039.97) $34, Funds Expended: ($1,039.97) $39, ($1,039.97) $39, Match Ctributed: $0.00 $0.00 This activity pays for staff and overhead costs related to development of the Hillcrest Senior Residences. Locati Descripti: This activity records the activity delivery costs for Hillcrest NSP All performance metrics are tracked under the Hillcrest activity which where the natial objective is delivered.

17 Page 17 of 30 Activity Locati: No Activity Locatis Found No Found NSP E Cstructi of new housing E 06/01/2011 Cornerste New Cstructi Redevelop demolished/vacant properties as housing 12/15/ /15/2015 Projected Budget from All Sources: N/A $936, Budget: ($63,898.63) $936, Obligated: ($63,898.63) $936, Funds Drawdown $0.00 $936, Program Funds Drawdown: $0.00 $4, Program Income Drawdown: $0.00 $931, Program Income Received: $0.00 $4, Funds Expended: $2, $936, $2, $936, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected #Units with bus/rail access 14 14/14 #Units exceeding Energy Star 14 14/14 #Sites re-used 4 4/4 Cumulative Actual / Expected # of Housing Units 14 14/14 # of Multifamily Units 14 14/14 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod%

18 Page 18 of 30 # of Households /0 5/0 14/ # Renter Households /0 5/0 14/ Cumulative Race Cumulative Actual Owner Renter Households Owner Renter Households Direct Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Benefit (Households) Black/African American Households Female The project csists of four lots within a block of foreclosed buildings. The site will be redeveloped into 14 units using typical South Side architectural forms. Recent targeted investment and engagement by the University of Chicago and the Illinois Institute of Technology in neighborhood educatial institutis algside housing redevelopment performed by the City, TCB, and other groups have begun to reverse the area s lg decline, but the market is still fragile. The fourteen units are restricted to middle income households and are part of the larger Cornerste development tracked under activity NSP All of the units are restricted with a Land Use Restricti Agreement that is recorded and runs with the land. TCB owns and manages the units. Leases are for e year, and rents are set according to the lowest program set aside for the unit. For the NSP2 program the low HOME rents are used. Locati Descripti: Address: 50th Street and Champlain, Chicago, IL Census Tract: Cornerste is a ctinuati of the redevelopment of the Southside neighborhood of Chicago. It is partially located within the 49th / St. Lawrence TIF District, and it is within the same area as two of Chicago s major HOPE VI developments. The activity is complete and beneficiaries have been reported. Expenditures reported this quarter reflect total amount drawn in DRGR. Activity Locati: No Activity Locatis Found Subtotal 0 Neighborhood Stabilizati Program 2 450,000 NSP Rehabilitati/recstructi of residential structures E 05/01/2015 Hillside View Redevelop demolished/vacant properties as housing 03/15/2018

19 Page 19 of 30 Projected Budget from All Sources: N/A $1,750, Budget: $0.00 $1,750, Obligated: $0.00 $1,750, Funds Drawdown $0.00 $1,750, Program Funds Drawdown: $0.00 $0.00 Program Income Drawdown: $0.00 $1,750, Funds Expended: $0.00 $1,750, Match Ctributed: $0.00 $0.00 This project will result in 60 units of housing across 9 buildings, including a mix of substantial rehab and new cstructi. 15% of the units will target veteran households, and 25 units will be dedicated for seniors. Two of the buildings, 602 and 400 Craig Street, are historic schools. Complementing the school cversis, TCB will address the blighting effect of abanded houses alg Stanley and Emmett Streets. Three of the existing 2-family houses will be rehabilitated, while others will be demolished and replaced with new structures. TCB will develop site management offices and improve side lots with playgrounds and gardens. Locati Descripti: This project is located in the Hamilt Hill neighborhood of Schenectady, NY. Activity Locati: No Activity Locatis Found No Found NSP Cstructi of new housing E 03/13/ Warburt Redevelop demolished/vacant properties as housing 05/23/ /23/2016

20 Page 20 of 30 Projected Budget from All Sources: N/A $1,726, Budget: ($13,175.00) $1,726, Obligated: ($13,175.00) $1,726, Funds Drawdown $0.00 $1,726, Program Funds Drawdown: $0.00 $0.00 Program Income Drawdown: $0.00 $1,726, Funds Expended: $506, $1,726, $506, $1,726, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected #Low flow toilets 0 59/59 #Low flow showerheads 0 57/57 #Units exceeding Energy Star 0 51/51 #Sites re-used 0 2/1 # ELI Households (0-30% AMI) 0 12/12 Cumulative Actual / Expected # of Housing Units 0 51/51 # of Multifamily Units 0 51/51 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /25 26/26 38/ # Renter Households /25 26/26 38/ Cumulative Race Cumulative Actual Owner Renter Households Owner Renter Households Direct Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Benefit (Households) White Black/African American Black/African American and White Other multiracial Households Female Unknown The project includes acquisiti of a vacant lot adjacent to two buildings at Cottage Place Gardens, combining the lots into a single tax parcel, demolishing the two existing buildings and cstructing an affordable development csisting of a single 4+ story, 45,000 sq.ft., 51 unit family building with 79 parking spaces. Twenty-five of the units are restricted to low-income while the remaining 26 are restricted to moderate income. All of the units are restricted with a Land Use Restricti Agreement that is recorded and runs with the land. TCB owns and manages the property. Leases are for e year, and rents are set according to the lowest program set aside for the unit. For the NSP2 program the low HOME rents are used. Locati Descripti: 188 Warburt is the first -site phase of the Cottage Place Gardens redevelopment and will provide family housing a 0.99 acre site in southwest Ykers. The address is 188 Warburt Ave, Ykers, NY 10701, located in census tract: The activity is complete. Beneficiaries and performance metrics have been reported. Expenditures reported this quarter match total amount drawn according to DRGR.

21 Page 21 of 30 Activity Locati: No Activity Locatis Found No Found NSP Cstructi of new housing E 11/05/2013 Walnut Hills Revitalizati Redevelop demolished/vacant properties as housing 05/15/2016 Projected Budget from All Sources: N/A $1,303, Budget: $0.00 $1,303, Obligated: $0.00 $1,303, Funds Drawdown $0.00 $1,302, Program Funds Drawdown: $0.00 $0.00 Program Income Drawdown: $0.00 $1,302, Program Income Received: $328, $328, Funds Expended: $0.00 $1,147, $0.00 $1,147, Match Ctributed: $0.00 $0.00 The activity is the first phase of a mixed-use, new cstructi family housing development. It will provide 49 rehab/replacement units from the FNMA portfolio and leverage 12 additial unassisted units, as well as community and commercial space. Locati Descripti: Walnut Hills Phase I includes two properties in Cincinnati s Walnut Hills neighborhood: the 2926 Gilbert block and 926 Chapel. Both properties are located in the zip code. The 2926 Gilbert block, bounded by Gilbert Ave to the west, Foraker Ave to the north, Mfort St to the east, and Lincoln Ave to the south, is in Census tract Chapel, the northwest corner of Chapel St and Mfort St, is in Census tract 37. This activity was terminated. The receipt recorded this quarter reflects the sale of the property, and the NSP2 repaid. The remaining NSP2 invested in the activity will be redistributed to A&O as failed project costs. The activity descripti and performance metrics will be revised in a future quarter to reflect the terminati of the activity.

22 Page 22 of 30 Activity Locati: No Activity Locatis Found No Found NSP E Rehabilitati/recstructi of residential structures E 05/15/2013 Avdale Housing II LP New Cst Redevelop demolished/vacant properties as housing 02/15/ /30/2017 Projected Budget from All Sources: N/A $1,000, Budget: $0.00 $1,000, Obligated: $0.00 $1,000, Funds Drawdown $20, $507, Program Funds Drawdown: $0.00 $9, Program Income Drawdown: $20, $498, Funds Expended: $20, $507, $20, $507, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected # of Properties 0 1/1 #Replaced thermostats 0 8/8 #Replaced hot water heaters 0 8/8 #Refrigerators replaced 0 8/8 #Low flow toilets 0 8/8 #Low flow showerheads 0 8/8 #Sites re-used 0 1/1 Cumulative Actual / Expected # of Housing Units 0 8/8 # of Multifamily Units 0 8/8

23 Page 23 of 30 This Activity will provide 8 middle-income NSP2 units. Together with the other Avdale II Activities, they will produce 119 units of new or redeveloped housing in the Avdale neighborhood. Locati Descripti: These properties are located in Cincinnait's Avdale neighborhood, also the target area for TCB's FY12 Choice Neighborhoods Implementati Grant Reading Road, Cincinnati, OH; census tract: Gholst Ave, Cincnnati, OH; census tract: Reading Road, Cincinnati, OH; census tract: Maple Ave, Cincinnati, OH; census tract: Maple Ave, Cincinnati, OH; census tract: Blair Ave, Cincinnati, OH; census tract: Reading Road, Cincinnati, OH; census tract: The activity completed cstructi at the end of August. Expenditures this quarter were related to finishing up cstructi. Activity Locati: No Activity Locatis Found No Found NSP Cstructi of new housing E 06/09/2014 Broad Creek V Completed Redevelop demolished/vacant properties as housing 11/08/ /06/2016 Projected Budget from All Sources: N/A $1,742, Budget: ($130.49) $1,742, Obligated: ($130.49) $1,742, Funds Drawdown $0.00 $1,742, Program Funds Drawdown: $0.00 $0.00

24 Page 24 of 30 Program Income Drawdown: $0.00 $1,742, Funds Expended: $0.00 $1,742, $0.00 $1,742, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected #Low flow toilets 0 50/50 #Low flow showerheads 0 50/50 #Units with bus/rail access 0 50/50 #Units exceeding Energy Star 0 50/0 Cumulative Actual / Expected # of Housing Units 0 50/50 # of Multifamily Units 0 50/50 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /40 10/10 49/ # Renter Households /40 10/10 49/ Cumulative Race Cumulative Actual Owner Renter Households Owner Renter Households Direct Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Benefit (Households) White Black/African American Households Female The Activity project is a follow-up to the highly successful Broad Creek HOPE VI collaboratati between TCB and the Norfolk Housing & Redevelopment Authority (NRHA). The Activity will develop 50 units of replacement housing for former Mot Circle public housing residents. All of the units are restricted with a Land Use Restricti Agreement (LURA) that is recorded and runs with the land. TCB owns and manages the property. Leases are for e year, and rents are set according to the lowest program set aside for the unit. For the NSP2 program the low HOME rents are used. Locati Descripti: The Activity will take place two census tracts. Census tract number and The address is Joe Austin Drive, Norfolk, VA The project completed cstructi in November All beneficiaries and performance metrics have been reported and the total expenditures match the GL. Activity Locati: No Activity Locatis Found Subtotal 0 LIHTC State 5,114,489

25 Page 25 of 30 NSP B Cstructi of new housing E 07/01/2014 Broad Creek V Activity Delivery Completed Redevelop demolished/vacant properties as housing 11/08/ /08/2016 Projected Budget from All Sources: N/A $24, Budget: ($15,743.87) $24, Obligated: ($15,743.87) $24, Funds Drawdown $0.00 $24, Program Funds Drawdown: $0.00 $0.00 Program Income Drawdown: $0.00 $24, Funds Expended: $6, $24, $6, $24, Match Ctributed: $0.00 $0.00 This activity is Activity Delivery for the associated Broad Creek V activity. Performance metrics reported under the Broad Creek V activity. Locati Descripti: This activity is complete. The performance metrics and beneficiaries are tracked under the activity delivering the natial objective NSP Broad Creek V. The expenditures reported this quarter reflect the activity delivery expenses that have been drawn in previous quarter. Activity Locati: No Activity Locatis Found No Found

26 Page 26 of 30 NSP Rehabilitati/recstructi of residential structures E 11/06/2017 Aurora Scattered Sites Planned Redevelop demolished/vacant properties as housing 12/28/2018 Projected Budget from All Sources: N/A $1,250, Budget: $1,250, $1,250, Obligated: $1,250, $1,250, Funds Drawdown $1,071, $1,071, Program Funds Drawdown: $0.00 $0.00 Program Income Drawdown: $1,071, $1,071, Funds Expended: $1,071, $1,071, $1,071, $1,071, Match Ctributed: $0.00 $0.00 The 38 new apartments the upper floors of the Aurora Arts Centre will provide the opportunity for residents to live in the heart of the Fox Valley Regi s greatest and growing arts district. We expect these apartments to attract working artists from throughout Chicagoland in search of a supportive atmosphere and affordable rents. All the units will be restricted to moderate income households using a Land Use Restricti Agreement that is recorded and runs with the land., Inc will own and manage the property. Leases are for e year, and rents are set according to the lowest program set aside for the unit. For the NSP2 program the low HOME rents are used. Locati Descripti: The project address is: 5 E. Galena Boulevard, Aurora, IL in census tract: The project closed the financing this quarter and has begun cstructi. Activity Locati: No Activity Locatis Found No Found

27 Page 27 of 30 Project # / E-2 / Redevelop demolished/vacant properties as housing LH 25 NSP Cstructi of new housing E-2 05/01/2011 NSP Only - LH - 25% Set-Aside Nicetown Courts E-2 Redevelop demolished/vacant properties as housing LH 25 09/30/ /30/2013 Projected Budget from All Sources: N/A $1,571, Budget: $0.00 $1,571, Obligated: $0.00 $1,571, Funds Drawdown ($3,500.00) $1,496, Program Funds Drawdown: ($3,500.00) $216, Program Income Drawdown: $0.00 $1,279, Funds Expended: ($3,500.00) $1,496, ($3,500.00) $1,496, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected #Low flow showerheads 0 26/26 #Units with bus/rail access 0 26/26 #Units exceeding Energy Star 0 26/26 Cumulative Actual / Expected # of Housing Units 0 26/26 # of Multifamily Units 0 26/26 Beneficiaries Performance Measures Cumulative Actual / Expected Low Mod Low Mod Low/Mod% # of Households /26 0/0 26/ # Renter Households /26 0/0 26/ Cumulative Race Cumulative Actual Owner Renter Households Owner Renter Households Direct Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Hispanic/Latino Benefit (Households) White Black/African American Households Female Nicetown Court II is a 50 unit new cstructi property with approximately 6,000 sq.ft. of commercial space in the Nicetown neighborhood both sides of Germantown Avenue near the SEPTA Wayne Juncti railroad stati. The project is comprised of 27 2BR, 19 3BR, and 4 4BR units. The General Partner has 3

28 Page 28 of 30 managing members, (33%), Universal Cos.(33%) and Nicetown CDC (34%). the property is managed by, Inc. Twenty-six of these units are restricted to 50% AMI-households and are tracked under this E-2 Activity. The remaining 24 units are tracked under a separate E Activity. All of the units are restriced with a Land Use Restricti Agreement that is recorded and runs with the land. Leases are for e year, and rents are set according to the lowest program set aside for the unit. For the NSP2 program low HOME rents are used. Locati Descripti: Nicetown Courts is located at & Germantown Ave. and 4428 & 4430 N. Uber Philadelphia, PA in census tract numbers and This activity is complete, performance metrics and beneficiaries have been reported and vouchers match the general ledger. The reducti in expenditures this quarter is due to a voucher revisi. Activity Locati: No Activity Locatis Found No Found NSP E-2 Cstructi of new housing E-2 05/15/2013 NSP Only - LH - 25% Set-Aside Avdale II New Cstructi E-2 Redevelop demolished/vacant properties as housing LH 25 06/15/ /30/2017 Projected Budget from All Sources: N/A $336, Budget: $0.00 $336, Obligated: $0.00 $333, Funds Drawdown $26, $109, Program Funds Drawdown: $0.00 $12, Program Income Drawdown: $26, $97, Funds Expended: $26, $109, $26, $109, Match Ctributed: $0.00 $0.00 Accomplishments Performance Measures Cumulative Actual / Expected

29 Page 29 of 30 #Low flow toilets 0 10/10 #Units with bus/rail access 0 10/10 #Sites re-used 0 1/1 Cumulative Actual / Expected # of Housing Units 0 10/10 # of Multifamily Units 0 10/10 This Activity will provide 10 low-income NSP2 units. Together with the other Avdale II Activities, they will produce 119 units of new or redeveloped housing in the Avdale neighborhood. Locati Descripti: These properties are located in Cincinnait's Avdale neighborhood, also the target area for TCB's FY12 Choice Neighborhoods Implementati Grant Reading Road, Cincinnati, OH; census tract: Gholst Ave, Cincnnati, OH; census tract: Reading Road, Cincinnati, OH; census tract: Maple Ave, Cincinnati, OH; census tract: Maple Ave, Cincinnati, OH; census tract: Blair Ave, Cincinnati, OH; census tract: Reading Road, Cincinnati, OH; census tract: The activity completed cstructi at the end of August. Expenditures this quarter were related to finishing up cstructi. Activity Locati: No Activity Locatis Found No Found Project # / Z / Cincinnati Housing Improvement Fund NSP20CHIF Administrati Z 01/03/2018 Cincinnati Housing Improvement Fund Cincinnati Housing Improvement Fund 02/28/2018