THE D&F DEVELOPMENT GROUP - Key Persons

Job Titles:

• Certified Public Accountant
• Chief Financial Officer
• Vice President

Bruce R. Peterson, CPA, Vice President/Chief Financial Officer. As Chief Financial Officer, Mr. Peterson brings over 25 years of financial management experience and expertise to the D&F organization. Mr. Peterson's expertise ranges from auditing and financial statement presentation, to tax returns and budget preparation. As D&F's Vice President/Chief Financial Officer, he is in charge and responsible for the overall financial operations of the Development, Construction and Management Companies. At D&F, Mr. Peterson works with financial institutions to obtain Letters of Credit and Lines of Credit for future financing needs. He handles the financial oversight of the operating and construction budgets with analysis of variances. Mr. Peterson verifies the receipt of the monthly HUD Voucher's to ensure timely receipts of subsidy funds. He is well versed in the review of Partnership documents to ensure compliance with the appropriate agreements. Mr. Peterson has been a Certified Public Accountant in the real estate industry for over 20 years. Mr. Peterson received his BS Degree in Accounting from the Long Island University and is experienced in various accounting software packages.

Job Titles:

• Vice President / Director of Property Management

Leonard T. D'Amico determined to be a successful businessman like his father, his namesake, he made a decision in 1982 that changed his life. He decided to take a huge risk and enter the Real Estate Industry. During the next 22 years the industry presented many challenges but through hard work, innovation and perseverance it paid off. Then in 2004, after many successful Real Estate ventures, Len co-founded The D & F Development Group, LLC (D&F) and has been co-owner since then. As Co-CEO of D & F, Len's responsibilities include Senior Management oversight as well as Strategic Corporate and Financial Planning. In the last 10 years The D & F Development Group has developed projects with the combined total of over $500 million. D&F owns and manages over 2,600 residential units and employs over 200 persons in the NYC region. D&F is comprised of four operating units: The D & F Development Group, a real estate company; D & F Construction Group, which constructs predominantly mid-rise residential buildings as well as hospitality; Carlisle Senior Living Communities, an Assisted Living Care Company and LTD Management, a property management company which was founded by Len in 1984.

Job Titles:

• Director of Compliance

Linda Pardon, Director of Compliance has over 30 years of experience in the real estate industry. Her experience encompasses managing ownership, rental retail, low-income housing and rental market rate strategic planning. Ms. Pardon is primarily responsible for working with federal, state and local agencies, as well as, numerous syndicators to ensure the properties under management are in compliance with applicable rules and regulations. Ms. Pardon is also responsible for the management and quality control of initial Lease-Up and Move-In processes. Her credentials include the following certifications: Quadel's Tax Credit Compliance Systems (TaCC's) and Assisted Housing Manager, National Center for Housing Management (NCHM), Blended Occupancy, Spectrum's Certified Credit Compliance Professional (C3P), Fair Housing Training and Affordable Housing Training & Consulting.

Job Titles:

• Vice President / Director of Development Services

Nicole DeFreitas, Vice President/Director of Development Services. Ms. DeFreitas has 15 years of project management experience in real estate development. Ms. DeFreitas handles the day to day operations of the development department including bringing each project from predevelopment to Permanent Financing/Final 8609. Ms. DeFreitas handles/oversees: the preparation/submission of all request for proposals, zoning and funding applications to the various federal, state, city, town, local agencies, obtaining/coordinating the necessary due diligence items for the project's syndicators and private lenders. She has extensive experience working with Low-Income Housing Tax Credits (both 4% & 9%), State Low-Income Housing Tax Credits, Tax-Exempt Bonds, Housing Trust Fund Program, HOME Funds, Affordable Housing Program Funds and various Subordinate Financing types as well as Not-for-Profit Organizations, Special Needs Projects, the NEPA Process, Zone Changes/Variances, etc. During her time with D&F, she has prepared/overseen the successful submission of funding applications for over twenty (20) tax credit projects totaling well over $420M. Ms. DeFreitas graduated from the Katherine Gibbs School of New York where she studied Business Administration.