This is to advise our mortgage lending clients that the Texas Department of Housing and Community Affairs published the following notice in the May 28, 2010 issue of the Texas Register regarding its new Mortgage Credit Certificate Program to assist eligible very low, low and moderate income first-time homebuyers with the purchase of a residence located within the State of Texas. Interested lenders should contact Cathy Gutierrez at the Texas Department of Housing and Community Affairs, 221 East 11th Street, Austin, Texas 78701-2410; telephone (512) 475-0277.

Notice to Public and to All Interested Mortgage Lenders

Mortgage Credit Certificate Program

The Texas Department of Housing and Community Affairs (the "Department") intends to implement a Mortgage Credit Certificate Program (the "Program") to assist eligible very low, low and moderate income first-time homebuyers with the purchase of a residence located within the State of Texas.

See attached for complete memorandum