NYC NEIGHBORHOOD CAPITAL CORPORATION
ONE LIBERTY PLAZA, NEW YORK, NY 10006 edc.nyc

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Organizations Filed Purposes: THE PRIMARY MISSION OF THE CORPORATION IS TO CARRY OUT CHARITABLE OPERATIONS OF THE CITY OF NEW YORK. MORE SPECIFICALLY, THE CORPORATION IS ORGANIZED TO OPERATE AS A QUALIFIED COMMUNITY DEVELOPMENT ENTITY ("CDE") UNDER THE FEDERAL NEW MARKETS TAX CREDIT ("NMTC") PROGRAM, TO FORM AND MANAGE SUBSIDIARY LIMITED LIABILITY COMPANIES (WHICH ARE ALSO CERTIFIED AS CDES) TO RECEIVE EQUITY CONTRIBUTIONS THAT WILL BE UTILIZED PRIMARILY TO MAKE QUALIFIED LOW-INCOME COMMUNITY INVESTMENTS IN THE CORPORATION'S "SERVICE AREA" OF THE CITY OF NEW YORK, AND TO ENGAGE IN ACTIVITIES THAT WOULD FURTHER THE INTERESTS OF THE CITY OF NEW YORK.

THE CORPORATION HAS BEEN CERTIFIED AS A CDE AND HAS APPLIED AND WILL APPLY FOR ALLOCATION OF NMTCS. THE CORPORATION HAS FORMED SUBSIDIARY LIMITED LIABILITY COMPANIES IN WHICH THE CORPORATION WILL SERVE AS THE MANAGING MEMBER. THE CORPORATION WILL APPLY ON BEHALF OF SUCH SUBSIDIARIES FOR CERTIFICATION AS CDES AND WILL SUB-ALLOCATE ITS NMTCS TO ONE OR MORE SUBSIDIARY CDES IN ACCORDANCE WITH THE LAWS AND REGULATIONS GOVERNING THE NMTC PROGRAM FOR PURPOSES OF MAKING QUALIFIED LOW-INCOME COMMUNITY INVESTMENTS IN THE CITY OF NEW YORK.

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