1. RAD Overview December 12, 2013

2. RAD D EMAND—PROJECTED V. ACTUAL

3. RAD A PPLICATION V OLUME 3

4. A PPS, CHAP S & C LOSINGS S O F AR 4

5. A PPLICATIONS G EOGRAPHY 5 16% 59% 8%

6. I NITIAL R EHAB A VERAGES 6 Level of Rehab (~$47k PU – not including proposed new construction )

7. RAD P ARTICIPANT P ROFILE 7 Top 10 Applicants by PHA 1. Chicago, IL – 10,927 units 2. El Paso, TX – 6,346 units 3. Baltimore, MD – 4,583 units 4. San Francisco, CA – 4,575 units 5. Mobile, AL – 3,410 units 6. Tampa, FL – 3,065 units 7. Greensboro, NC – 2,195 units 8. Cambridge, MA – 2,076 units 9. Durham, NC – 1,869 units 10. City of Yonkers, NY – 1,769 units

8. L OCATIONS 8

9. S IZE OF PHA 9

10. T YPES OF P ROPERTIES 10

11. S ECTION 8 C ONVERSION C HOICES 11

12. O VERALL S OURCES OF F INANCING 12

13. T YPE O F P ERMANENT F INANCING 13 Type of 1st Mortgage Financing (without Tax Credits)

14. T YPE O F P ERMANENT F INANCING 14 Type of 1st Mortgage Financing (with Tax Credits)

15. T YPE OF LIHTC S 15

16. Indicated PHA Objectives Modernize aging family & elderly properties Sub rehab of deteriorated properties Thin densities/mix-incomes via PBVs & transfer authority Demolish/replace severely distressed/obsolete properties Portfolio streamlining A DDRESSING R ANGE OF C HALLENGES 16

17. RAD 2 ND C OMPONENT —RS & RAP G EOGRAPHY 17

18. 2 ND C OMPONENT U PDATE 18 Current Status Program-TypeClosed* Not Closed- Funded** Not Closed- Not Funded*** Not Yet Approved TOTAL Mod Rehab Projects20103 Units30002050505 RAP Projects510 0 6 Units6492500674 SUP Projects37415056 Units4351324193006605 SUP - Retro Projects420 17 Units28010022312 RAP - Retro Projects210 0 3 Units715100122 GRAND TOTALProjects50816175 GRAND TOTALUnits56514102135228218 *Closed = Executed PBV HAP Contract **Not Closed-Funded = TPV funding has been issued as voucher budget authority to the PHA for the PBV contract, owner and PHA are going through final steps before executing HAP ***Not Closed-Not Funded: These projects are approved but won't move forward until TPV funding becomes available

19. 2 ND C OMPONENT OF RAD U PDATE 19 Remaining Rent Supp and RAP Stock by FY Expiration