Common use of Description of the Bonds Clause in Contracts

Description of the Bonds. Bonds: $3,600,665 Enhanced Custody Receipts, Series 2008 CDB-6E, relating to $4,074,764 Unenhanced Custody Receipts, Series 2008 CDB-6U, evidencing an interest in Multifamily Housing Revenue Bonds (Gardens of D▇▇▇▇▇▇▇▇ Apartments) Series 2007.4 Issuer: 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. 3094321, 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-6E, among Deutsche Bank Trust Company Americas, as custodian, Bank of America, N.A., as administrator.5 Principal Coverage Factor: 100% Credit Enhancement Stated Expiration Date: July 2, 2009 (subject to extension)

Description of the Bonds. Bonds: $3,600,665 5,431,500 Enhanced Custody Receipts, Series 2008 CDB-6ECDB-1E, relating to $4,074,764 6,005,174 Unenhanced Custody Receipts, Series 2008 CDB-6UCDB-1U, evidencing an interest in Multifamily Housing Revenue Bonds (Gardens of D▇▇▇▇▇▇▇▇ Bella Vista Apartments) Series 2007.4 20061 Issuer: Northwest Central 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. 30943213094316, 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-6ECDB-1E, among Deutsche Bank Trust Company Americas, as custodian, Bank of America, N.A., as administrator.5 administrator.2 Principal Coverage Factor: 100% Credit Enhancement Stated Expiration Date: July 2, 2009 (subject to extension)

Description of the Bonds. Bonds: $3,600,665 8,479,872 Enhanced Custody Receipts, Series 2008 CDB-6E, CDB-4E relating to $4,074,764 9,560,926 Unenhanced Custody Receipts, Series 2008 CDB-6UCDB-4U, evidencing an interest in Multifamily Housing Revenue Bonds (Gardens of D▇▇▇▇▇▇▇▇ ApartmentsRunnymede Apartments Project) Series 2007.4 2007A.9 Issuer: Northwest Central Texas Austin Housing Finance Corporation Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 30943213094319, 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-6ECDB-4E, among Deutsche Bank Trust Company Americas, as custodian, Bank of America, N.A., as administrator.5 administrator.10 Principal Coverage Factor: 100% Credit Enhancement Stated Expiration Date: July 2, 2009 (subject to extension)

Description of the Bonds. Bonds: $3,600,665 11,748,440 Enhanced Custody Receipts, Series 2008 CDB-6ECDB-8E, relating to $4,074,764 13,300,020 Unenhanced Custody Receipts, Series 2008 CDB-6UCDB-8U, evidencing an interest in Multifamily Housing Revenue Bonds (Gardens of D▇▇▇▇▇▇▇▇ Woodland Park Apartments) Series 2007.4 2007G-1.8 Issuer: Northwest Central Texas 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. 30943213094323, 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-6ECDB-8E, among Deutsche Bank Trust Company Americas, as custodian, Bank of America, N.A., as administrator.5 administrator.9 Principal Coverage Factor: 100% Credit Enhancement Stated Expiration Date: July 2, 2009 (subject to extension)