Download your 2009 Schedule K-1.
05/10/2010: Form10Q filing
04/21/2010: Public Offering of Shares
4/20/2010: ATAX Announces Public Offering of Shares Representing Assigned Limited Partnership Interests
| Record Date | Payable Date | Rate |
| 06/30/2010 | 07/30/2010 | $0.125 |
| 03/31/2010 | 04/30/2010 | $0.125 |
| 12/31/2009 | 01/29/2010 | $0.125 |
| 09/30/2009 | 10/30/2009 | $0.125 |
| 06/30/2009 | 07/31/2009 | $0.125 |
TERM SHEET
Tax-Exempt Bond - Direct Purchase Program
Fixed Rate - Unenhanced
Construction - Permanent
| Program Overview | America First Tax Exempt Investors provides developers with a cost effective solution for construction and permanent financing of affordable housing properties through the direct purchase of tax-exempt bonds. |
| Property Type | Multifamily, Student or Senior Housing properties; for new construction and rehabilitation. |
| Loan Amounts | $5,000,000 minimum (smaller deals considered) |
Interest Rate |
To Be Negotiated prior to Letter of Intent |
| Amortization | New construction: 38 - 40 years Rehabilitation: 33 - 35 years |
| Term | New construction: 40 years Rehabilitation: 35 years |
| Prepayment | Lockout for 10 years from placed-in-service date, thereafter, optional prepayment at par |
| Debt Service Coverage | Sr. Bonds 1.15 Sub. Bonds 1.05 (as defined by the investor) |
| Loan to Value | 90% of appraised value based on market rents and market cap rate |
| Recourse | Unconditional guaranty of construction completion and stabilization, non-recourse thereafter, excluding customary carve-outs |
| Origination Fee | 1.5% of loan amount |
| Application Fee | $20,000; to be applied to third party reports and Legal Expense |
| Contact | Chad Daffer Andy Grier |