Massachusetts Development Finance Agency Meeting

The Bonds will be issued to provide for the financing and/or refinancing of, and the reimbursement of funds advanced by River Senior Limited Partnership, a Massachusetts limited partnership (the “Borrower,” which term includes for purposes of this Notice any parent, subsidiary or other affiliate thereof), with respect to certain property owned or to be owned and operated by the Borrower (including without limitation such financing, refinancing or reimbursement of bond reserves, capitalized interest, issuance costs and associated working capital expenditures), generally consisting of the financing of, and the refinancing of the construction, furnishing and equipping, on a 0.97 acre development site (with an 0.68 acre buildable area) located at 150 River Street, Mattapan, MA 02126, of (i) thirty (30) units of affordable rental housing (age restricted to households age sixty-two (62) plus), and (ii) functionally related and subordinate facilities (including without limitation a community room with a kitchen that can be used for events, resident services and community meetings by local organizations) (with the total square footage of such facilities being 29,200, and the net rentable square footage of such facilities being 15,855) (the “Project”). The Project is expected to be known as 150 River Street. At least forty percent (40%) of the apartment units at the Project are expected to be occupied by tenants with income not exceeding sixty percent (60%) of area median income.

The Bonds, which will constitute exempt facility bonds for a qualified residential project within the meaning of Sections 142(a)(7) and 142(d)(1) of the Code (namely, the Project), will not constitute a general obligation of, or a pledge of the faith and credit of the Issuer or a general obligation of, or a debt or pledge of the faith and credit of the Commonwealth.

Interested persons wishing to express their views on such Project and the proposed issuance of revenue bonds to finance and refinance the costs of such Project will be given the ME1 45935656v.3 - 2 - opportunity to do so at the public hearing or may, prior to the time of the public hearing, submit their views in writing to Massachusetts Development Finance Agency, 99 High Street, 11th Floor, Boston, Massachusetts 02110. Persons desiring to participate at the telephonic public hearing must make a written request at least 24 hours prior to the hearing by email to tefrahearinginfo@MassDevelopment.com or by mail to MassDevelopment, 99 High Street, Boston, MA 02110, Attn: TEFRA Hearings.

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY