Common use of Description of the Bonds Clause in Contracts

Description of the Bonds. Bonds: $8,479,872 Enhanced Custody Receipts, Series 2008 CDB-4E relating to $9,560,926 Unenhanced Custody Receipts, Series 2008 CDB-4U, evidencing an interest in Multifamily Housing Revenue Bonds (Runnymede Apartments Project) Series 2007A.9 Issuer: Austin Housing Finance Corporation Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094319, dated July 3, 2008. Custody Agreement: Enhancement Custodial Agreement, dated as of July 3, 2008, with respect to the Enhanced Custody Receipts, Series 2008 CDB-4E, among Deutsche Bank Trust Company Americas, as custodian, Bank of America, N.A., as administrator.10 Principal Coverage Factor: 100% Credit Enhancement Stated Expiration Date: July 2, 2009 (subject to extension)

Description of the Bonds. Bonds: $8,479,872 3,600,665 Enhanced Custody Receipts, Series 2008 CDB-4E CDB-6E, relating to $9,560,926 4,074,764 Unenhanced Custody Receipts, Series 2008 CDB-4UCDB-6U, evidencing an interest in Multifamily Housing Revenue Bonds (Runnymede Apartments ProjectGardens of D▇▇▇▇▇▇▇▇ Apartments) Series 2007A.9 2007.4 Issuer: Austin Northwest Central Texas Housing Finance Corporation Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 30943193094321, dated July 3, 2008. Custody Agreement: Enhancement Custodial Agreement, dated as of July 3, 2008, with respect to the Enhanced Custody Receipts, Series 2008 CDB-4ECDB-6E, among Deutsche Bank Trust Company Americas, as custodian, Bank of America, N.A., as administrator.10 administrator.5 Principal Coverage Factor: 100% Credit Enhancement Stated Expiration Date: July 2, 2009 (subject to extension)

Description of the Bonds. Bonds: $8,479,872 5,431,500 Enhanced Custody Receipts, Series 2008 CDB-4E CDB-1E, relating to $9,560,926 6,005,174 Unenhanced Custody Receipts, Series 2008 CDB-4UCDB-1U, evidencing an interest in Multifamily Housing Revenue Bonds (Runnymede Apartments ProjectBella Vista Apartments) Series 2007A.9 20061 Issuer: Austin Texas Department of Housing Finance Corporation and Community Affairs Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 30943193094316, dated July 3, 2008. Custody Agreement: Enhancement Custodial Agreement, dated as of July 3, 2008, with respect to the Enhanced Custody Receipts, Series 2008 CDB-4ECDB-1E, among Deutsche Bank Trust Company Americas, as custodian, Bank of America, N.A., as administrator.10 administrator.2 Principal Coverage Factor: 100% Credit Enhancement Stated Expiration Date: July 2, 2009 (subject to extension)

Description of the Bonds. Bonds: $8,479,872 11,748,440 Enhanced Custody Receipts, Series 2008 CDB-4E CDB-8E, relating to $9,560,926 13,300,020 Unenhanced Custody Receipts, Series 2008 CDB-4UCDB-8U, evidencing an interest in Multifamily Housing Revenue Bonds (Runnymede Apartments ProjectWoodland Park Apartments) Series 2007A.9 2007G-1.8 Issuer: Austin Housing Kansas Development Finance Corporation Authority Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 30943193094323, dated July 3, 2008. Custody Agreement: Enhancement Custodial Agreement, dated as of July 3, 2008, with respect to the Enhanced Custody Receipts, Series 2008 CDB-4ECDB-8E, among Deutsche Bank Trust Company Americas, as custodian, Bank of America, N.A., as administrator.10 administrator.9 Principal Coverage Factor: 100% Credit Enhancement Stated Expiration Date: July 2, 2009 (subject to extension)