Exhibit 10 (aaaaae)

                            UNITED STATES OF AMERICA
                              DISTRICT OF COLUMBIA

                   District of Columbia Housing Finance Agency
                        Multifamily Housing Revenue Bond
                       (Garfield Park Apartments Project),
                                   Series 1999

Number: A-1
Dated Date: August 31, 1999
Maturity Date: August 1, 2031
Registered Owner: Charter MAC Equity Issuer Trust
Principal Amount: $3,260,000
Interest Rate: 7.25%

      THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933
      (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OR OTHER
      JURISDICTION.

THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES TO TRANSFER SUCH
SECURITY ONLY (A) TO THE BORROWER, THE INITIAL MAJORITY OWNER OR A PERSON
CONTROLLED BY OR UNDER COMMON CONTROL OR MANAGEMENT WITH THE INITIAL MAJORITY
OWNER OR THE BORROWER, (B) TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED
INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT
PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL
BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE PURSUANT TO
TRANSFER RESTRICTIONS CONTAINED IN THE INDENTURE, OR (C) AN "ACCREDITED
INVESTOR" WITHIN THE MEANING OF REGULATION D PROMULGATED UNDER THE SECURITIES
ACT OF 1933, SUBJECT TO THE ISSUER'S AND THE TRUSTEE'S RIGHT PRIOR TO ANY SUCH
OFFER, SALE OR TRANSFER TO REQUIRE THE DELIVERY OF (i) AN INVESTOR LETTER SET
FORTH IN EXHIBIT B TO THE INDENTURE OR (ii) CERTIFICATIONS AND OTHER INFORMATION
SATISFACTORY TO EACH OF THEM.

      The District of Columbia Housing Finance Agency (the "Issuer"), a,
corporate body and instrumentality of the District of Columbia (the "District"),
hereby acknowledges itself indebted and for value received promises to pay to
the registered owner hereof stated above, or registered assigns, at the maturity
date stated above, but only from the sources and as hereinafter provided, upon
presentation and surrender of this Bond at the principal corporate trust office
of Norwest Bank Minnesota, N.A., a national banking association in Columbia,
Maryland, or its successor as trustee (the "Trustee"), under the Indenture
(described below), the principal amount stated above, and to pay interest on
said principal amount at the interest rate set forth above, from and including
the dated date hereof until the principal amount shall have been paid in
accordance with the terms of this Bond and the Indenture, as and when set forth
below, but only from the
<PAGE>

sources and as hereinafter provided, by wire transfer if there be one Owner of
all of the Bonds or otherwise by check of the Trustee mailed by first class mail
on the payment date to the record Owners of Bonds as the same appear upon the
books of registry to be maintained by the Trustee, registrar on the close of
business preceding such payment date.

      This Bond is one of a series of bonds (the "Bonds") issued pursuant to,
and is subject to, the Trust Indenture dated as of August 1, 1999 between the
Issuer and the Trustee (as amended and supplemented from time to time, the
"Indenture"), and District of Columbia the Housing Finance Agency Act (Chapter
21, Title 45 of the District of Columbia Code Annotated, as amended (the "Act").
Reference is made to the Indenture and the Act for a full statement of their
respective terms. Capitalized terms used herein and not otherwise defined herein
have the respective meanings accorded such terms in the Indenture, which are
hereby incorporated herein by reference. The Bonds issued under the Indenture
are expressly limited to $3,260,000 in aggregate principal amount at any time
Outstanding and are all of like tenor, except as to numbers and denominations,
and are issued for the purposes of providing construction and permanent
financing for qualified multifamily rental housing units in the District and of
paying certain expenses incidental thereto. Pursuant to a Loan Agreement dated
as of August 1, 1999, and a Promissory Note (the "Note") dated the date of
issuance of the Bonds, Garfield Park Preservation, L.L.C., a District of
Columbia limited liability company (the "Borrower"), has agreed to make payments
to the Issuer in amounts equal to amounts of principal of and premium, if any,
and interest on the Bonds.

      The Bonds shall be special and limited obligations of the Issuer payable
only from the sources provided in this Indenture and neither the District nor
any other political subdivision thereof shall be liable on the Bonds. THE
OBLIGATIONS OF THE ISSUER ON THIS BOND ARE EXPRESSLY LIMITED TO AND ARE PAYABLE
SOLELY FROM (I) THE PAYMENTS MADE PURSUANT TO THE LOAN AGREEMENT THEREFOR AND
THE NOTE BY THE BORROWER, AND THE SECURITY THEREFOR PROVIDED BY THE FIRST DEED
OF TRUST AND SECURITY AGREEMENT FROM THE BORROWER FOR THE BENEFIT OF THE ISSUER,
DATED AUGUST 31, 1999, AND THE ASSIGNMENT OF LEASES, RENTS AND OTHER INCOME FROM
THE BORROWER TO THE ISSUER, DATED AS OF AUGUST 1, 1999, ALL OF WHICH HAVE BEEN
ASSIGNED TO THE TRUSTEE PURSUANT TO THE INDENTURE, AND (II) ANY ADDITIONAL
SECURITY PROVIDED IN THE INDENTURE. Neither the District, nor any political
subdivision thereof shall in any event be liable for the payment of the
principal of or interest on any Bonds, or for the performance of any pledge,
deed of trust, obligation or agreement of any kind whatsoever that may be
undertaken by the Issuer, and none of the Bonds or any of its agreements or
obligations shall be construed to constitute a debt or a pledge of the faith and
credit of the District or any political subdivision thereof within the meaning
of any constitutional or statutory provision whatsoever, and shall not directly,
indirectly or contingently obligate the District or any of its political
subdivisions to levy or to pledge any form of taxation whatsoever therefor or to
make an appropriation for the payment thereof; nor shall any breach of any such
pledge, deed of trust, obligation or agreement impose any pecuniary liability
upon any member, officer, employee or agent of the Issuer, or any charge upon
the general credit of the Issuer, or any pecuniary liability upon the Issuer
payable from any moneys, revenues, payments and proceeds other than those first
above specified.
<PAGE>

      THE ISSUER IS NOT OBLIGATED TO PAY THE PRINCIPAL, PREMIUM, IF ANY, OR
INTEREST ON THIS BOND EXCEPT FROM THE REVENUES AND ASSETS SPECIFICALLY PLEDGED
THERETO PURSUANT TO THE INDENTURE, AND NEITHER THE FAITH AND CREDIT NOR THE
TAXING POWER OF THE DISTRICT OF COLUMBIA IS PLEDGED TO THE PAYMENT OF THE
PRINCIPAL OF, PREMIUM, IF ANY, OR INTEREST ON THIS BOND.

      Interest on the Bonds. The Bonds (including this Bond) shall bear interest
on the outstanding principal amount thereof from and including the dated date
hereof to the date of maturity or redemption or acceleration prior to maturity
at a rate of seven and one quarter percent (7.25%) computed based on a 360-day
year of twelve 30-day months. The interest payable on the Bonds as provided
above shall be payable on the first day of each month commencing October 1,
1999, and on each Bond Payment Date.

      Registration and Transfer. This Bond is transferable by the registered
owner hereof in person or by his attorney duly authorized in writing at the
office of the Trustee as registrar, but only in the manner, subject to the
limitations and upon payment of the charges provided in the Indenture, and upon
surrender and cancellation of this Bond. Upon such transfer a new registered
Bond or Bonds, of any authorized denomination or denominations, of the same
maturity and for the same aggregate principal amount will be issued to the
transferee in exchange herefor. The Bonds are issuable as fully registered Bonds
in Authorized Denominations as provided in the Indenture. The Issuer, the
Trustee, and any other person may treat the person in whose name this Bond is
registered on the books of registry as the Owner hereof for the purpose of
receiving payment as herein provided and for all other purposes, whether or not
this Bond be overdue, and no person shall be affected by notice to the contrary.

      Redemption of Bonds. The Bonds are subject to optional and mandatory
redemption by the Issuer and purchase in lieu of redemption by the Borrower
prior to maturity as a whole or in part at such time or times, under such
circumstances, at such redemption prices and in such manner as is set forth in
the Indenture.

      Enforcement. Only the Majority Owner shall have the right to direct the
Trustee to enforce the provisions of this Bond or the Indenture or to institute
any action to enforce the covenants herein or therein, or to take any action
with respect to any Event of Default under the Indenture, or to institute,
appear in or defend any suit or other proceedings with respect thereto, except
as provided in the Indenture. If an Event of Default occurs and is continuing,
the principal of all Bonds then outstanding may be declared due and payable by
the Majority Owner upon the conditions and in the manner and with the effect
provided in the Indenture. As provided in the Indenture, and to the extent
permitted by law, interest and a penalty rate of interest shall be payable on
unpaid amounts due hereon.

      Discharge. The Indenture prescribes the manner in which it may be
discharged and after which the Bonds shall be deemed to be paid and no longer be
secured by or entitled to the benefits of the Indenture, except for the purposes
of registration and exchange of Bonds and of such payment.
<PAGE>

      IN WITNESS WHEREOF, the Issuer has caused this Bond to be executed as of
the Dated Date stated above.

                                       DISTRICT OF COLUMBIA HOUSING
                                       FINANCE AGENCY


                                       By: /s/ Milton J. Bailey
                                           -------------------------------------
                                           Milton J. Bailey
                                           Executive Director

(SEAL)

ATTEST:

By: /s/ Thomas E. Redmond
    ---------------------------------
Name: Thomas E. Redmond
Title: Designee to the Secretary
<PAGE>

                      FORM OF CERTIFICATE OF AUTHENTICATION

      This Bond is one of the Bonds described in the within mentioned Indenture
and is one of the Multifamily Housing Revenue Bonds (Garfield Park Apartments
Project), Series 1999 of the District of Columbia Housing Finance Agency.

                                       NORWEST BANK MINNESOTA, N.A., as
                                       Trustee and Authenticating Agent


                                       By: /s/ Curtis Cliequennoi
                                           -------------------------------------
                                           Authorized Signatory

Date of Authentication: August 31, 1999
<PAGE>

                            Garfield Park Apartments
                                   Apartments

                                Payment Schedule

                                    Exhibit A

<TABLE>
<CAPTION>
                              Combined   Payment Amount  Interest Paid  Principal Paid
Payment Number Payment Date    Payment     CharterMac     CharterMac      CharterMac    Remaining Balance   Issuer Fee   Trustee Fee
<S>               <C>         <C>          <C>            <C>                     <C>     <C>               <C>            <C>
            1     10/1/99     $20,992.67   $19,695.83     $19,695.83              0       $3,260,200.00     $1,005.17      $291.67
            2     11/1/99     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
            2     12/1/99     $20,992.67   $19,695.83     $19,695.83              0       $3,260,O0O.O0     $1,005.17      $291.67
            4      1/1/00     $20,992.67   $19,695.83     $19,695.83              0       $3,260,00O.00     $1,005.17      $291.67
            5      2/1/00     $20,992.67   $19,695.33     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
            6      3/1/0O     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
            7      4/1/00     $20,992.67   $19,695 83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
            8      5/1/00     $20,992.67   $19,695.83     $19,695 83              0       $3,260,000.00     $1,005.17      $291.67
            9      6/1/00     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
           10      7/1/00     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
           11      8/1/00     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
           12      9/1/0O     $20,992.67   $19,695.83     $19,695 83              0       $3,260.000.00     $1,005.17      $291.67
           13     10/1/00     $20,992.67   $19,695.83     $19,695.83              0       $3,260.000.00     $1,005.17      $291.67
           14     11/1/00     $20,992.67   $19,695.83     $19,695.83              0       $3,260.000.00     $1,005.17      $291.67
           15     12/1/00     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
           16      1/1/01     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
           17      2/1/01     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
           18      3/1/01     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
           19      4/1/01     $20,992.67   $19,695.83     $19,695.83              0       $3,260,O0O.00     $1,005.17      $291.67
           20      5/1/01     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
           21      6/1/01     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
           22      7/1/01     $20,992.67   $19,695.83     $19,695.83              0       $3,260,000.00     $1,005.17      $291.67
           23      8/1/01     $23,535.00   $22,238.95     $19,695.83      $2,543.11       $3,257,456.89     $1,004.38      $291.67
           24      9/1/01     $23,534.21   $22,238.95     $19,680.47      $2,558.48       $3,254,898.41     $1,003.59      $291.67
           25     10/1/01     $23,533.42   $22,238.95     $19,665.01      $2.573.94       $3,252,324.47     $1,002.80      $291.67
           26     11/1/01     $23,532.62   $22,238.95     $19,649.46      $2,589.49       $3,249,734.99     $1,002.00      $291.67
           27     12/1/01     $23,531.82   $22,238.95     $19,633.82      $2,605.13       $3,247,129.86     $1,001.20      $291.67
           28      1/1/02     $23,531.01   $22,238.95     $19,618.08      $2,620.87       $3,244,508.98     $1,000.39      $291.67
           29      2/1/02     $23,530.19   $22,238.95     $19,602.24      $2,636.70       $3,241,872.28     $  999.58      $291.67
           30      3/1/02     $23,529.38   $22,238.95     $19,586.31      $2,652.64       $3,239,219.64     $  998.76      $291.67
           31      4/1/02     $23,528.55   $22,238.95     $19,570.29      $2,668.66       $3,236,550.98     $  997.94      $291.67
           32      5/1/02     $23,527.73   $22,238.95     $19,554.16      $2,684.78       $3,233,866.20     $  997.11      $291.67
           33      6/1/02     $23,526.89   $22,238.95     $19,537.94      $2,701.01       $3,231,165.19     $  996.28      $291.67
           34      7/1/02     $23,526.05   $22,238.95     $19,521.62      $2,717.32       $3,228,447.87     $  995.44      $291.67
           35      8/1/02     $23,525.21   $22,238.95     $19,505.21      $2,733.74       $3,225,714.13     $  994.60      $291.67
           36      9/1/02     $23,524.36   $22,238.95     $19,488.69      $2,750.26       $3,222,963.87     $  993.75      $291.67
           37     10/1/02     $23,523.51   $22,238.95     $19,472.07      $2,766.87       $3,220,197.00     $  992.89      $291.67
           38     11/1/02     $23,522.65   $22,238.95     $19,455.36      $2,783.59       $3,217,413.41     $  992.04      $291.67
           39     12/1/02     $23,521.79   $22,238.95     $19,438.54      $2,800.41       $3,214,613.00     $  991.17      $291.67
           40      1/1/03     $23,520.92   $22,238.95     $19,421.62      $2,817.33       $3,211,795.68     $  990.30      $291.67
           41      2/1/03     $23,520.05   $22,238.95     $19,404.60      $2,834.35       $3,208,961.33     $  989.43      $291.67
           42      3/1/03     $23,519.17   $22,238.95     $19,387.47      $2,851.47       $3,206,109.86     $  988.55      $291.67
           43      4/1/03     $23,518.28   $22,238.95     $19,370.25      $2,868.70       $3,203,241.16     $  987.67      $291.67
           44      5/1/03     $23,517.39   $22,238.95     $19,352.92      $2,886.03       $3,200,355.12     $  986.78      $291.67
           45      6/1/03     $23,516.50   $22,238.95     $19,335.48      $2,903.47       $3,197,451.66     $  985.88      $291.67
           46      7/1/03     $23,515.60   $22,238.95     $19,317.94      $2,921.01       $3,194,530.65     $  984.98      $291.67
           47      8/1/03     $23,514.69   $22,238.95     $19,300.29      $2,938.66       $3,191,591.99     $  984.07      $291.67
           48      9/1/03     $23,513.78   $22,238.95     $19,282.53      $2,956.41       $3,188,635.58     $  983.16      $291.67
           49     10/1/03     $23,512.86   $22,238.95     $19,264.67      $2,974.27       $3,185,661.30     $  982.25      $291.67
           50     11/1/03     $23,511.94   $22,238.95     $19,246.70      $2,992.24       $3,182,669.06     $  981.32      $291.67
           51     12/1/03     $23,511.01   $22,238.95     $19,228.63      $3,010.32       $3,179,658.74     $  980.39      $291.67
           52      1/1/04     $23,510.08   $22,238.95     $19,210.44      $3,028.51       $3,176,630.23     $  979.46      $291.67
           53      2/1/04     $23,509.14   $22,238.95     $19,192.14      $3,046.81       $3,173,583.43     $  978.52      $291.67
           54      3/1/04     $23,508.19   $22,238.95     $19,173.73      $3,065.21       $3,170,518.21     $  977.58      $291.67
           55      4/1/04     $23,507.24   $22,238.95     $19,155.21      $3,083.73       $3,167,434.48     $  976.63      $291.67
           56      5/1/04     $23,506.29   $22,238.95     $19,136.58      $3,102.36       $3,164,332.12     $  975.67      $291.67
           57      6/1/04     $23,505.32   $22,238.95     $19,117.84      $3,121.11       $3,161,211.01     $  974.71      $291.67
           58      7/1/04     $23,504.36   $22,238.95     $19,098.98      $3,139.96       $3,158,071.05     $  973.74      $291.67
           59      8/1/04     $23,503.38   $22,238.95     $19,080.01      $3,158.93       $3,154,912.11     $  972.76      $291.67
           60      9/1/04     $23,502.40   $22,238.95     $19,060.93      $3,178.02       $3,151,734.09     $  971.78      $291.67
           61     10/1/04     $23,501.42   $22,238.95     $19,041.73      $3,197.22       $3,148,536.87     $  970.80      $291.67
           62     11/1/04     $23,500.42   $22,238.95     $19,022.41      $3,216.54       $3,145,320.34     $  969.81      $291.67
           63     12/1/04     $23,499.43   $22,238.95     $19,002.98      $3,235.97       $3,142,084.37     $  968.81      $291.67
           64      1/1/05     $23,498.42   $22,238.95     $18,983.43      $3,255.52       $3,138,828.85     $  967.81      $291.67
</TABLE>
<PAGE>

                            Garfield Park Apartments
                                   Apartments

                                Payment Schedule

                                    Exhibit A

<TABLE>
<CAPTION>
                              Combined   Payment Amount  Interest Paid  Principal Paid
Payment Number Payment Date    Payment     CharterMac     CharterMac      CharterMac    Remaining Balance   Issuer Fee   Trustee Fee
<S>               <C>         <C>          <C>            <C>                     <C>     <C>               <C>            <C>
         65        2/1/05     $23,497.41   $22,238.95     $18,963.76      $3,275.19       $3,135,553.66      $966.80        $291.67
         66        3/1/05     $23.496.40   $22,238.95     $18,943.97      $3,294.98       $3,132,258.63      $965.78        $291.67
         67        4/1/05     $23,495.37   $22,238.95     $18,924.06      $3,314.38       $3,123,943.80      $964.76        $291.67
         68        5/1/05     $23,494.35   $22,238.95     $18,904.04      $3,334.91       $3,125,608.38      $963.73        $291.67
         69        6/1/05     $23,493.31   $22,238.95     $18,883.89      $3,355.06       $3,122,253.82      $962.69        $291.67
         70        7/1/05     $23,492.27   $22,238.95     $18,863.62      $3,375.33       $3,118,878.53      $961.65        $291.67
         71        8/1/05     $23,491.22   $22,238.95     $18,843.22      $3,395.72       $3,115,482.77      $960.61        $291.67
         72        9/1/05     $23,490.17   $22,238.95     $18,822.71      $3,416,24       $3,112,066.53      $959.55        $291.67
         73       10/1/05     $23,489.11   $22,238.95     $18,802.07      $3,436.88       $3,108,629.66      $958.49        $291.67
         74       11/1/05     $23,488.04   $22.238.95     $18,781.30      $3,457.64       $3,105,172.01      $957.43        $291.67
         75       12/1/05     $23,486.97   $22,238.95     $18,760.41      $3,478.53       $3,101,693.48      $956.36        $291.67
         76        1/1/06     $23,485.89   $22,238.95     $18,739.40      $3,499.55       $3,098,193.93      $955.28        $291.67
         77        2/1/06     $23,484.81   $22,238.95     $18,718.26      $3,520.69       $3,094,673.24      $954.19        $291.67
         78        3/1/06     $23,483.72   $22,238.95     $18,696.98      $3,541.96       $3,091,131.28      $953.10        $291.67
         79        4/1/06     $23,482.62   $22,238.95     $18,675.58      $3,563.36       $3,087,567.92      $952.00        $291.67
         80        5/1/06     $23,481.51   $22,238.95     $18,654.06      $3,584.89       $3,083,983.03      $950.89        $291.67
         81        6/1/06     $23,480.40   $22,238.95     $18,632.40      $3,606.55       $3,080,376.48      $949,78        $291.67
         82        7/1/06     $23,479.28   $22,238.95     $18,610.61      $3,628.34       $3,076,748.14      $948.66        $291.67
         83        8/1/06     $23,478.16   $22,238.95     $18,588.69      $3,650.26       $3,073,097.88      $947.54        $29l.67
         84        9/1/06     $23,477.02   $22,238.95     $18,566.63      $3,672.31       $3,069,425.56      $948.41        $291.67
         85       10/1/06     $23.475.88   $22,238.95     $18,544.45      $3,694.50       $3,065,731.06      $945.27        $291.67
         86       11/1/06     $23,474.74   $22,238.95     $18,522.13      $3,716.82       $3,062,014.24      $944.12        $291.67
         87       12/1/06     $23,473.58   $22,238.95     $18,499.67      $3,739.28       $3,058,274.96      $942.97        $291.67
         88        1/1/07     $23,472.42   $22,238.95     $18,477.08      $3,761.87       $3,054,513.10      $941.81        $291.67
         89        2/1/07     $23,471.26   $22,238.95     $18,454.35      $3,784.60       $3,050,728.50      $940.64        $291.67
         90        3/1/07     $23,470.08   $22,238.95     $18,431.48      $3,807.46       $3,046,921.04      $939.47        $291.67
         91        4/1/07     $23,468.90   $22,238.95     $18,408.48      $3,830.47       $3,043,090.57      $938.29        $291.67
         92        5/1/07     $23,467.71   $22,238.95     $18,385.34      $3,853.61       $3,039,236.96      $937.10        $291.67
         93        6/1/07     $23,466.52   $22,238.95     $18,362.06      $3,876.89       $3,035,360.07      $935.90        $291.67
         94        7/1/07     $23,465.32   $22,238.95     $18,338.63      $3,900.31       $3,031,459.76      $934.70        $291.67
         95        8/1/07     $23,464.11   $22,238.95     $18,315.07      $3,923.88       $3,027,535.88      $933.49        $291.67
         96        9/1/07     $23,462.89   $22,238.95     $18,291.36      $3,947.58       $3,023,588.30      $932.27        $291.67
         97       10/1/07     $23,461.67   $22,238.95     $18,267.51      $3,971.43       $3,019,616.86      $931.05        $291.67
         98       11/1/07     $23,460.43   $22,238.95     $18,243.52      $3,995.43       $3,015,621.44      $929.82        $291.67
         99       12/1/07     $23,459.19   $22,238.95     $18,219.38      $4,019.57       $3,011,601.87      $928.58        $291.67
        100        1/1/08     $23,457.95   $22,238.95     $18,195.09      $4,043.85       $3,007,558.02      $927.33        $291.67
        101        2/1/08     $23,456.69   $22,238.95     $18,170.66      $4,068.28       $3,003,489.73      $926.08        $291.67
        102        3/1/08     $23,455.43   $22,238.95     $18,146.08      $4,092.86       $2,999,396.87      $924.81        $291.67
        103        4/1/08     $23,454.16   $22,238.95     $18,121.36      $4,117.59       $2,995,279.28      $923.54        $291.67
        104        5/1/08     $23,452.88   $22,238.95     $18,096.48      $4,142.47       $2,991,136.81      $922.27        $291.67
        105        6/1/08     $23,451.60   $22,238.95     $18,071.45      $4,167.50       $2,986,969.32      $920.98        $291.67
        106        7/1/08     $23,450.31   $22,238.95     $18,046.27      $4,192.67       $2,982,776.64      $919.69        $291.67
        107        8/1/08     $23,449.01   $22,238.95     $18,020.94      $4,218.00       $2,978,558.64      $918.39        $291.67
        108        9/1/08     $23,447.70   $22,238.95     $17,995.46      $4,243.49       $2,974,315.15      $917.08        $291.67
        109       10/1/08     $23,446.38   $22,238.95     $17,969.82      $4,269.13       $2,970,046.02      $915.76        $291.67
        110       11/1/08     $23,445.06   $22,238.95     $17,944.03      $4,294.92       $2,965,751.11      $914.44        $291.67
        111       12/1/08     $23,443.72   $22,238.95     $17,918.08      $4,320.87       $2,961,430.24      $913.11        $291.67
        112        1/1/09     $23,442.38   $22,238.95     $17,891.97      $4,346.97       $2,957,083.27      $911.77        $291.67
        113        2/1/09     $23,441.04   $22,238.95     $17,865.71      $4,373.24       $2,952,710.03      $910.42        $291.67
        114        3/1/09     $23,439.68   $22,238.95     $17,839.29      $4,399.66       $2,948,310.37      $909.06        $291.67
        115        4/1/09     $23,438.31   $22,238.95     $17,812.71      $4,426.24       $2,943,884.14      $907.70        $291.67
        116        5/1/09     $23,436.94   $22,238.95     $17,785.97      $4,452.98       $2,939,431.16      $906.32        $291.67
        117        6/1/09     $23,435.56   $22,238.95     $17,759.06      $4,479.88       $2,934,951.27      $904.94        $291.67
        118        7/1/09     $23,434.17   $22,238.95     $17,732.00      $4,506.95       $2,930,444.32      $903.55        $291.67
        119        8/1/09     $23,432.77   $22,238.95     $17,704.77      $4,534.18       $2,925,910.14      $902.16        $291.67
        120        9/1/09     $23,431.37   $22,238.95     $17,677.37      $4,561.57       $2,921,348.57      $900.75        $291.67
        121       10/1/09     $23,429.95   $22,238.95     $17,649.81      $4,589.13       $2,916,759.44      $899.33        $291.67
        122       11/1/09     $23,428.53   $22,238.95     $17,622.09      $4,616.86       $2,912,142.58      $897.91        $291.67
        123       12/1/09     $23,427.10   $22,238.95     $17,594.19      $4,644.75       $2,907,497.83      $896.48        $291.67
        124        1/1/10     $23,425.65   $22,238.95     $17,566.13      $4,672.81       $2,902,825.01      $895.04        $291.67
        125        2/1/10     $23,424.20   $22,238.95     $17,537.90      $4,701.05       $2,898,123.97      $893.59        $291.67
        126        3/1/10     $23,422.75   $22,238.9S     $17,509.50      $4,729.45       $2,893,394.52      $892.13        $291.67
        127        4/1/10     $23,421.28   $22,238.95     $17,480.93      $4,758.02       $2,888,636.5O      $890.66        $291.67
        128        5/1/10     $23,419.80   $22,238.95     $17,452.18      $4,786.77       $2,883,849.73      $889.19        $291.67
</TABLE>
<PAGE>

                            Garfield Park Apartments
                                   Apartments

                                Payment Schedule

                                    Exhibit A

<TABLE>
<CAPTION>
                              Combined   Payment Amount  Interest Paid  Principal Paid
Payment Number Payment Date    Payment     CharterMac     CharterMac      CharterMac    Remaining Balance   Issuer Fee   Trustee Fee
<S>               <C>         <C>          <C>            <C>                     <C>     <C>               <C>            <C>
        129        6/1/10     $23,418.32   $22,238.95     $17,423.26      $4,815.69       $2,879,034.24      $387.70       $291.67
        130        7/1/10     $23,419.33   $22,238.95     $17,394.19      $4,844.73       $2,374,189.26      $886.21       $291.67
        131        8/1/10     $23.415.32   $22,238.95     $17,364.39      $4,874.05       $2,369,315.21      $884.71       $291.67
        132        9/1/10     $23,413.81   $22,238.95     $17,335.45      $4,903.50       $2,864,411.71      $883.19       $291 67
        133       10/1/10     $23,412.29   $22,238.95     $17,305.32      $4,923.13       $2,859,478.58      $881.67       $291.67
        134       11/1/10     $23,410.76   $22,238.95     $17,276.02      $4,962.93       $2,854,515.63      $880.14       $291.67
        135       12/1/10     $23,409.22   $22,238.95     $17,246.03      $4,992.91       $2,849,522.74      $878.60       $291.67
        136        1/1/11     $23,407.67   $22,238.95     $17,215.87      $5,023.28       32,844.499.66      $877.05       $291.67
        137        2/1/11     $23,406.11   $22,238.95     $17,185.52      $5,053.43       $2,839,446.23      $875.50       $291 67
        138        3/1/11     $23,404.55   $22,238.95     $17,154.99      $5,083.96       $2,834,362.27      $873.93       $291.67
        139        4/1/11     $23,402.97   $22,238.95     $17,124.27      $5,114.67       $2,829,247.59      $872.35       $291.67
        140        5/1/11     $23,401.38   $22,238.95     $17,093.37      $5,145.58       $2,824,102.02      $870.76       $291.67
        141        6/1/11     $23,399.79   $22,238.95     $17,062.28      $5,176.96       $2,818,925.35      $869.17       $291.67
        142        7/1/11     $23,398.18   $22,238.95     $17,031.01      $5,207.94       $2,813,717.41      $867.56       $291.67
        143        8/1/11     $23,396.55   $22,238.95     $16,999.54      $5,239.40       $2,808,478.01      $865.95       $291.67
        144        9/1/11     $23,394.94   $22,238.95     $16,967.89      $5,271.06       $2,803,206.95      $864.32       $291.67
        145       10/1/11     $23,393.30   $22,238.95     $16,936.04      $5,302.90       $2,797,904.05      $862.69       $291.67
        146       11/1/11     $23,391.66   $22,238.95     $16,904.00      $5,334.94       $2,792,569.10      $861.04       $291.67
        147       12/1/11     $23,390.00   $22,238.95     $16,871.77      $5,367.18       $2,787,201.93      $859.39       $291.67
        148        1/1/12     $23,388.34   $22,238.95     $16,839.34      $5,399.60       $2,781,802.33      $857.72       $291~67
        149        2/1/12     $23,386.66   $22,238.95     $16,806.72      $5,432.22       $2,776,370.10      $856.05       $291.67
        iSO        3/1/12     $23,384.98   $22,238.95     $16,773.90      $5,465.04       $2,770,905.06      $854.36       $291.67
        151        4/1/12     $23,383.28   $22,238.95     $16,740.88      $5,498.06       $2,765,407.00      $852.67       $291.67
        152        5/1/12     $23,381.58   $22,238.95     $16,707.67      $5,531.28       $2,759,875.72      $850.96       $291.67
        133        6/1/12     $23,379.86   $22,238.95     $16,674.25      $5,564.70       $2,754,311.02      $849.25       $291.67
        154        7/1/12     $23,378.14   $22,238.95     $16,640.63      $5,598.32       $2,748,712.70      $847.52       $291.67
        155        8/1/12     $23,376.40   $22,238.95     $16,606.81      $5,632.14       $2,743,080.56      $845.78       $291.67
        156        9/1/12     $23,374.65   $22,238.95     $16,572.78      $5,666.17       $2,737,414.39      $844.04       $291.67
        157       10/1/12     $23,372.90   $22,238.95     $16,538.55      $5,700.40       $2,731,713.99      $842.28       $291.67
        158       11/1/12     $23,371.13   $22,238.95     $16,504.11      $5,734.84       $2,725,979.15      $840.51       $291.67
        159       12/1/12     $23,369.35   $22,238.95     $16,469.46      $5,769.49       $2,720,209.66      $838.73       $291.67
        160        1/1/13     $23,367.56   $22,238.95     $16,434.60      $5,804.35       $2,714,405.31      $836.94       $291.67
        161        2/1/13     $23,365.76   $22,238.95     $16,399.53      $5,839.41       $2,708,565.90      $835.14       $291.67
        162        3/1/13     $23,363.95   $22,238.95     $16,364.25      $5,874.69       $2,702,691.21      $833.33       $291.67
        163        4/1/13     $23,362.12   $22,238.95     $16,328.76      $5,910.19       $2,696,781.02      $831.51       $291.67
        164        5/1/13     $23,360.29   $22,238.95     $16,293.05      $5,945.89       $2,690,835.12      $829.67       $291.67
        165        6/1/13     $23,358.45   $22,238.95     $16,257.13      $5,981.82       $2,684,853.31      $827.83       $291.67
        166        7/1/13     $23,356.59   $22,238.95     $16,220.99      $6,017.96       $2,678,835.35      $825.97       $291.67
        167        8/1/13     $23,354.72   $22,238.95     $16,184.63      $6,054.32       $2,672,781.03      $824.11       $291.67
        168        9/1/13     $23,352.85   $22,238.95     $16,148.05      $6,090.89       $2,666,690.14      $822.23       $291.67
        169       10/1/13     $23,350.96   $22,238.95     $16,111.25      $6,127.69       $2,660,562.44      $820.34       $291.67
        170       11/1/13     $23,349.06   $22,238.95     $16,074.23      $6,164.72       $2,654,397.73      $818.44       $291.67
        171       12/1/13     $23,347.14   $22,238.95     $16,036.99      $6,201.98       $2,648,195.77      $816.53       $291.67
        172        1/1/14     $23,345.22   $22,238.95     $15,999.52      $6,239.43       $2,641,956.34      $814.60       $291.67
        173        2/1/14     $23,343.28   $22,238.95     $15,961.82      $6,277.13       $2,635,679.21      $812.67       $291.67
        174        3/1/14     $23,341.34   $22,238.95     $15,923.90      $6,315.05       $2,629,364.16      $810.72       $291.67
        175        4/1/14     $23,339.38   $22,238.95     $15,885.74      $6,353.20       $2,623,010.95      $808.76       $291.67
        176        5/1/14     $23,337.41   $22,238.95     $15,847.36      $6,391.59       $2,616,619.36      $806.79       $291.67
        177        6/1/14     $23,335.43   $22,238.95     $15,808.74      $6,430.20       $2,610,189.16      $804.81       $291 67
        178        7/1/14     $23,333.43   $22,238.95     $15,769.89      $6,469.05       $2,603,720.10      $802.81       $291.67
        179        8/1/14     $23,331.42   $22,238.95     $15,730.81      $6,508.14       $2,597,211.97      $800.81       $291.67
        180        9/1/14     $23,329.40   $22,238.95     $15,691.49      $6,547.46       $2,590,664.51      $798.79       $291.67
        181       10/1/14     $23,327.37   $22,238.95     $15,651.93      $6,587.02       $2,584,077.49      $796.76       $291.67
        182       11/1/14     $23,325.33   $22,238.95     $15,612.13      $6,626.81       $2,577,450.68      $794.71       $291.67
        183       12/1/14     $23,323.28   $22,238.95     $15,572.10      $6,666.85       $2,570,783.83      $792.66       $291.67
        184        1/1/15     $23,321.21   $22.238.9S     $15,531.82      $6,707.13       $2,564,076.71      $790.59       $291.67
        185        2/1/1S     $23,319.13   $22,238.95     $15,491.30      $6,747.65       $2,557,329.06      $788.51       $291.67
        186        3/1/15     $23,317.03   $22,238.95     $15,450.53      $6,788.42       $2,550,540.64      $786.42       $291.67
        187        4/1/15     $23,314.93   $22,238.95     $15,409.52      $6,829.43       $2,543,711.21      $784.31       $291.67
        188        5/1/15     $23,312.81   $22,238.95     $15,368.26      $6,870.69       $2,536,840.52      $782.19       $291.67
        189        6/1/15     $23,310.68   $22,238.95     $15,326.74      $6,912.20       $2,529,928.31      $780.06       $291.67
        190        7/1/15     $23,308.53   $22,238.95     $15,284.98      $6,953.96       $2,522,974.35      $777.92       $291.67
        191        8/1/15     $23,306.38   $22,238.95     $15,242.97      $6,995.98       $2,515,978.37      $775.76       $291.67
        192        9/1/15     $23,304.21   $22,238.95     $15,200.70      $7,038.24       $2,508,940.13      $773.59       $291.67
</TABLE>
<PAGE>

                            Garfield Park Apartments
                                   Apartments

                                Payment Schedule

                                    Exhibit A

<TABLE>
<CAPTION>
                              Combined   Payment Amount  Interest Paid  Principal Paid
Payment Number Payment Date    Payment     CharterMac     CharterMac      CharterMac    Remaining Balance   Issuer Fee   Trustee Fee
<S>               <C>         <C>          <C>            <C>                     <C>     <C>               <C>            <C>
        193       10/1/15     $23,302.02   $22,238.95     $15,158.18       $7,080.77      $2,501,859.36      $771.41       $291.67
        194        11/1/5     $23,299.33   $22,238.95     $15,115.40       $7,123.55      $2,494,735.82      $769.21       $291.67
        195       12/1/15     $23,297.62   $22,238.95     $15,072.36       $7,166.58      $2,487,569.23      $767.00       $291.67
        196        1/1/16     $23,295.39   $22,238.95     $15,029.06       $7,209.88      $2,480,359.35      $764.78       $291.67
        197        2/1/16     $23,293.16   $22,238.95     $14,985.50       $7,253.44      $2,473,105.91      $762.54       $291.67
        198        3/1/16     $23,290.91   $22,238.95     $14,941.68       $7,297.27      $2,465,808.64      $760.29       $291.67
        199        4/1/16     $23,288.64   $22,238.95     $14,897 59       $7,341.35      $2,458,467.29      $758.03       $291.67
        200        5/1/16     $23,286.37   $22,238.95     $14,853.24       $7,385.71      $2,451,081.58      $755.75       $291.67
        201        6/1/16     $23,284.08   $22,238.95     $14,808.62       $7,430.33      $2,443,651.25      $753.46       $291.67
        202        7/1/16     $23,281.77   $22,238.95     $14,763.73       $7,475.22      $2,436,176.03      $751.15       $291.67
        203        8/1/16     $23.279.45   $22,238.95     $14,718.56       $7,520.38      $2,428,655.65      $748.84       $291.67
        204        9/1/16     $23,277.12   $22,238.95     $14,673.13       $7,565.82      $2,421,089.83      $746.50       $291.67
        205       10/1/16     $23,274.77   $22,238.95     $14,627.42       $7,611.53      $2,413,478.30      $744.16       $291.67
        206       11/1/16     $23,272.41   $22,238.95     $14,581.43       $7,657.52      $2,405,820.79      $741.79       $291.67
        207       12/1/16     $23,270.04   $22,238.95     $14,535.17       $7,703.78      $2,398,117.01      $739.42       $291.67
        208        1/1/17     $23,267.65   $22,238.95     $14,488.62       $7,750.32      $2,390,366.68      $737.03       $291.67
        209        2/1/17     $23,265.24   $22,238.95     $14,441.80       $7,797.15      $2,382,569.54      $734.63       $291.67
        210        3/1/17     $23,262.82   $22,238.95     $14,394.69       $7,844.26      $2,374,725.28      $732.21       $291.67
        211        4/1/17     $23,260.39   $22,238.95     $14,347.30       $7,891.65      $2,366,833.63      $729.77       $291.67
        212        5/1/17     $23,257.94   $22,238.95     $14,299.62       $7,939.33      $2,358,894.31      $727.33       $291.67
        213        6/1/17     $23,255.48   $22,238.95     $14,251.65       $7,987.29      $2,350,907.01      $724.86       $291.67
        214        7/1/17     $23,253.00   $22,238.95     $14,203.40       $8,035.55      $2,342,871.46      $722.39       $291.67
        215        8/1/17     $23,250.51   $22,238.95     $14,154.85       $8,084.10      $2,334,787.36      $719.89       $291.67
        216        9/1/17     $23,248.00   $22,238.95     $14,106.01       $8,132.94      $2,326,654.42      $717.39       $291.67
        217       10/1/17     $23,245.48   $22,238.95     $14,056.87       $8,182.08      $2,318,472.35      $714.86       $291.67
        218       11/1/17     $23,242.94   $22,238.95     $14,007.44       $8,231.51      $2,310,240.84      $712.32       $291.67
        219       12/1/17     $23,240.39   $22,238.95     $13,957.71       $8,281.24      $2,301,959.60      $709.77       $291.67
        220        1/1/18     $23,237.82   $22,238.95     $13,907.67       $8,331.27      $2,293,628.32      $707.20       $291.67
        221        2/1/18     $23,235.23   $22,238.95     $13,857.34       $8,381.61      $2,285,246.71      $704.62       $291.67
        222        3/1/18     $23,232.63   $22,238.95     $13,806.70       $8,432.25      $2,276,814.47      $702.02       $291.67
        223        4/1/18     $23,230.02   $22,238.95     $13,755.75       $8,483.19      $2,268,331.27      $699.40       $291.67
        224        5/1/18     $23,227.39   $22,238.95     $13,704.50       $8,534.45      $2,259,796.83      $696.77       $291.67
        225        6/1/18     $23,224.74   $22,238.95     $13,652.94       $8,586.01      $2,251,210.82      $694.12       $291.67
        226        7/1/18     $23,222.08   $22,238.95     $13,601.07       $8,637.88      $2,242,572.94      $691.46       $291.67
        227        8/1/18     $23,219.40   $22,238.95     $13,548.88       $8,690.07      $2,233,882.87      $688.78       $291.67
        228        9/1/18     $23,216.70   $22,238.95     $13,496.38       $8,742.57      $2,225,140.30      $686.08       $291.67
        229       10/1/18     $23,213.99   $22,238.95     $13,443.56       $8,795.39      $2,216,344.91      $683.37       $291.67
        230       11/1/18     $23,211.26   $22,238.95     $13,390.42       $8,848.53      $2,207,496.38      $680.64       $291.67
        231       12/1/18     $23,208.52   $22,238.95     $13,336.96       $8,901.99      $2,198,594.39      $677.90       $291.67
        232        1/1/19     $23,205.76   $22,238.95     $13,283.17       $8,955.77      $2,189,638.62      $675.14       $291.67
        233        2/1/19     $23,202.98   $22,238.95     $13,229.07       $9,009.88      $2,180,628.74      $672.36       $291.67
        234        3/1/19     $23,200.18   $22,238.95     $13,174.63       $9,064.31      $2,171,564.42      $669.57       $291.67
        235        4/1/19     $23,197.37   $22,238.95     $13,119.87       $9,119.08      $2,162,445.34      $666.75       $291.67
        236        5/1/19     $23,194.54   $22,238.95     $13,064.77       $9,174.27      $2,153,271.17      $663.93       $291.67
        237        6/1/19     $23,191.70   $22,238.95     $13,009.35       $9,229.60      $2,144,041.57      $661.08       $291.67
        238        7/1/19     $23,188.83   $22,238.95     $12,953.58       $9,285.36      $2,134,756.21      $658.22       $291.67
        239        8/1/19     $23,185.95   $22,238.95     $12,897.49       $9,341.46      $2,125,414.75      $655.34       $291.67
        240        9/1/19     $23,183.08   $22,238.95     $12,841.05       $9,397.90      $2,116,016.85      $652.44       $291.67
        241       10/1/19     $23,180.14   $22,238.95     $12,784.27       $9,454.68      $2,106,562.17      $649.52       $291.67
        242       11/1/19     $23,177.21   $22,238.95     $12,727.15       $9,511.80      $2,097,050.37      $646.59       $291.67
        243       12/2/19     $23,174.26   $22,238.95     $12,669.68       $9,569.27      $2,087,481.10      $643.64       $291.67
        244        1/1/20     $23,171.29   $22,238.95     $12,611.86       $9,627.08      $2,077,854.02      $640.67       $291.67
        245        2/1/20     $23,168.30   $22,238.95     $12,553.70       $9,685.25      $2,068,168.78      $637.69       $291.67
        246        3/1/20     $23,165.30   $22,238.95     $12,495.19       $9,743.76      $2,058,425.01      $634.68       $291.67
        247        4/1/20     $23,162.28   $22,238.95     $12,436.32       $9,802.63      $2,048,622.39      $631.66       $291.67
        248        5/1/20     $23,159.23   $22,238.95     $12,377.09       $9,861.85      $2,038,760.53      $628.62       $291.67
        249        6/1/20     $23,156.18   $22,238.95     $12,317.51       $9,921.44      $2,028,839.10      $625.56       $291.67
        250        7/1/20     $23,153.10   $22,238.95     $12,257.57       $9,981.38      $2,018,857.72      $622.48       $291.67
        251        8/1/20     $23,150.00   $22,238.95     $12,197.27      $10,041.68      $2,008,816.04      $619.38       $291.67
        252        9/1/20     $23,146.89   $22,238.95     $12,136.60      $10,102.35      $1,998,713.69      $616.27       $291.67
        253       10/1/20     $23,143.75   $22,238.95     $12,075.56      $10,163.38      $1,988,550.30      $613.14       $291.67
        254       11/1/20     $23,140.60   $22,238.95     $12,014.16      $10,224.79      $1,978,325.52      $609.98       $291.67
        255       12/1/20     $23,137.43   $22,238.95     $11,952.38      $10,286.56      $1,968,038.95      $606.81       $291.67
        256        1/1/21     $23,134.24   $22,238.95     $11,890.24      $10,348.71      $1,957,690.24      $603.62       $291.67
</TABLE>
<PAGE>

                            Garfield Park Apartments
                                   Apartments

                                Payment Schedule

                                    Exhibit A

<TABLE>
<CAPTION>
                              Combined   Payment Amount  Interest Paid  Principal Paid
Payment Number Payment Date    Payment     CharterMac     CharterMac      CharterMac    Remaining Balance   Issuer Fee   Trustee Fee
<S>               <C>         <C>          <C>            <C>                     <C>     <C>               <C>            <C>
        257        2/1/21     $23,131.03   $22,238.95   $11,827.71       $10,411.23       $1,947,279.01      $600.41       $291.67
        253        3/1/21     $23,127.80   $22,238.95   $11,764.31       $10,474.14       $1,936,804.87      $597.18       $291.67
        259        4/1/21     $23,124.55   $22,238.95   $11,701.53       $10,537.42       $1,926,267.45      $593.93       $291.67
        260        5/1/21     $23,121.28   $22,238.95   $11,637.87       $10,601.08       $1,915,666.37      $590.66       $291.67
        261        6/1/21     $23,117.99   $22,238.95   $11,573.82       $10,665.13       $1,905,001.24      $587.38       $291.67
        262        7/1/21     $23,114.63   $22,238.95   $11,509.38       $10,729.56       $1,894,271.68      $584.07       $291.67
        263        8/1/21     $23,111.36   $22,238.95   $11,444.56       $10,794.39       $1,883,477.29      $580.74       $291.67
        264        9/1/21     $23,108.01   $22,238.95   $21,379.34       $10,859.60       $1,872,617.69      $577.39       $291.67
        265       10/1/21     $23,104.64   $22,238.95   $11,313.73       $10,925.21       $1,861,692.47      $574.02       $291.67
        266       11/1/21     $23,101.25   $22,238.95   $11,247.73       $10,991.22       $1,850,701.25      $570.63       $291.67
        267       12/1/21     $23,097.84   $22,238,95   $11,181.32       $11,057.63       $1,839,643.62      $567.22       $291.67
        268        1/1/22     $23,094.41   $22,238.95   $11,114.51       $11,124.43       $1,828,519.19      $563.79       $291.67
        269        2/1/22     $23,090.96   $22,238.95   $11,047.30       $11,191.64       $1,817,327.55      $560.34       $291.67
        270        3/1/22     $23,087.49   $22,238.95   $10,979.69       $11,259.26       $1,806,068.29      $556.87       $291.67
        271        4/1/22     $23,084.0O   $22,238.95   $10,911.66       $11.327.28       $1,794,741.00      $553.38       $291.67
        272        5/1/22     $23,080.48   $22,238.95   $10,843.23       $11,395.72       $1,783,345.28      $549.86       $291.67
        273        6/1/22     $23,076.95   $22,238.95   $10,774.38       $11,464.57       $1,771,880.71      $546.33       $291.67
        274        7/1/22     $23,073.39   $22,238.95   $10,705.11       $11,533.83       $1,760,346.88      $542.77       $291.67
        275        8/1/22     $23,069.81   $22,238.95   $10,635.43       $11,603.52       $1,748,743.36      $539.20       $291.67
        276        9/1/22     $23,066.21   $22,238.95   $10,565.32       $11,673.62       $1,737,069.74      $535.60       $291.67
        277       10/1/22     $23,062.59   $22,238.95   $10,494.80       $11,744.15       $1,725,325.59      $531.98       $291.67
        278       11/1/22     $23,058.95   $22,238.95   $10,423.84       $11,815.10       $1,713,510.48      $528.33       $291.67
        279       12/1/22     $23,055.28   $22,238.95   $10,352.46       $11,886.49       $1,701,624.00      $524.67       $291.67
        280        1/1/23     $23,051.60   $22,238.95   $10,280.64       $11,958.30       $1,689,665.69      $520.98       $291.67
        281        2/1/23     $23,047.89   $22,238.95   $10,208.40       $12,030.55       $1,677,635.15      $517.27       $291.67
        232        3/1/23     $23,044.16   $22,238.95   $10,135.71       $12,103.23       $1,665,531.91      $513.54       $291.67
        283        4/1/23     $23,040.40   $22,238.95   $10,062.59       $12,176.36       $1,653,355.55      $509.78       $291.67
        284        5/1/23     $23,036.62   $22,238.95    $9,989.02       $12,249.92       $1,641,105.63      $506.01       $291.67
        285        6/1/23     $23,032.82   $22,238.95    $9,915.01       $12,323.93       $1,628,781.70      $502.21       $291.67
        286        7/1/23     $23,029.00   $22,238.95    $9,840.56       $12,398.39       $1,616,383.30      $498.38       $291.67
        287        8/1/23     $23,025.16   $22,238.95    $9,765.65       $12,473.30       $1,603,910.01      $494.54       $291.67
        288        9/1/23     $23,021.29   $22,238.95    $9,690.29       $12,548.66       $1,591,361.35      $490.67       $291.67
        289       10/1/23     $23,017.39   $22,238.95    $9,614.47       $12,624.47       $1,578,736.88      $486.78       $291.67
        290       11/1/23     $23,013.48   $22,238.95    $9,538.20       $12,700.74       $1,566,036.13      $482.86       $291.67
        291       12/1/23     $23,009.54   $22,238.95    $9,461.47       $12,777.48       $1,553,258.65      $478.92       $291.67
        292        1/1/24     $23,005.57   $22,238.95    $9,384.27       $12,854.68       $1,540,403.98      $474.96       $291.67
        293        2/1/24     $23,001.59   $22,238.95    $9,306.61       $12,932.34       $1,527,471.64      $470.97       $291.67
        294        3/1/24     $22,997.58   $22,238.95    $9,228.47       $13,010.47       $1,514,461.17      $466.98       $291.67
        295        4/1/24     $22,993.54   $22,238.95    $9,149.87       $13,089.08       $1,501,372.09      $462.92       $291.67
        296        5/1/24     $22,989.48   $22,238.95    $9,070.79       $23,168.16       $1,488,203.93      $458.86       $291.67
        297        6/1/24     $22,985.39   $22,238.95    $8,991.23       $13,247.71       $1,474,956.22      $454.78       $291.67
        298        7/1/24     $22,981.29   $22,238.95    $8,911.19       $13,327.75       $1,461,628.47      $450.67       $291.67
        299        8/1/24     $22,977.15   $22,238.95    $8,830.67       $13,408.27       $1,448,220.19      $446.53       $291.67
        300        9/1/24     $22,972.99   $22,238.95    $8,749.66       $13,489.28       $1,434,730.91      $442.38       $291.67
        301       10/1/24     $22,968.81   $22,238.95    $8,668.17       $13,570.78       $1,421,160.13      $438.19       $291.67
        302       11/1/24     $22,964.60   $22,238.95    $8,586.18       $13,652.77       $1,407,507.36      $433.98       $291.67
        303       12/1/24     $22,960.36   $22,238.95    $8,503.69       $13,735.26       $1,393,772.10      $429.75       $291.67
        304        1/1/25     $22,956.10   $22,238.95    $8,420.71       $13,818.24       $1,379,953.86      $425.49       $291.67
        305        2/1/25     $22,951.82   $22,238.95    $8,337.22       $13,901.73       $1,366,052.13      $421.20       $291.67
        306        3/1/25     $22,947.50   $22,238.95    $8,253.23       $13,985.72       $1,352,066.42      $416.89       $291.67
        307        4/1/25     $22,947.28   $22,238.95    $8,168.73       $14,070.21       $1,337,996.21      $416.67       $291.67
        308        5/1/25     $22,947.28   $22,238.95    $8,083.73       $14,155.22       $1,323,840.99      $416.67       $291.67
        309        6/1/25     $22,947.28   $22,238.95    $7,998.21       $14,240.74       $1,309,600.25      $416.67       $291.67
        310        7/1/25     $22,947.28   $22,238.95    $7,912.17       $14,326.78       $1,295,273.47      $416.67       $291.67
        311        8/1/25     $22,947.28   $22,238.95    $7,825.61       $14,413.34       $1,280,860.13      $416.67       $291.67
        312        9/1/25     $22,947.28   $22,238.95    $7,738.53       $14,500.42       $1,266,359.71      $416.67       $291.67
        313       10/1/25     $22,947.28   $22,238.95    $7,650.92       $14,588.02       $1,251,771.69      $416.67       $291.67
        314       11/1/25     $22,947.28   $22,238.95    $7,562.79       $14,676.16       $1,237,095.53      $416.67       $291.67
        315       12/1/25     $22,947.28   $22,238.95    $7,474.12       $14,764.83       $1,222,330.70      $416.67       $291.67
        316        1/1/26     $22,947.28   $22,238.95    $7,384.91       $14,854.03       $1,207,476.67      $416.67       $291.67
        317        2/1/26     $22,947.28   $22,238.95    $7,295.17       $14,943.78       $1,192,532.90      $416.67       $291.67
        318        3/1/26     $22,947.28   $22,238.95    $7,204.89       $15,034.06       $1,177,498.84      $416.67       $291.67
        319        4/1/26     $22,947.28   $22,238.95    $7,114.06       $15,124.89       $1,162,373.95      $416.67       $291.67
        320        5/1/26     $22,947.28   $22,238.95    $7,022.68       $15,216.27       $1,147,157.67      $416.67       $291.67
</TABLE>
<PAGE>

                            Garfield Park Apartments
                                   Apartments

                                Payment Schedule

                                    Exhibit A

<TABLE>
<CAPTION>
                              Combined   Payment Amount  Interest Paid  Principal Paid
Payment Number Payment Date    Payment     CharterMac     CharterMac      CharterMac    Remaining Balance   Issuer Fee   Trustee Fee
<S>               <C>         <C>          <C>            <C>                     <C>     <C>               <C>            <C>
        321        6/1/26     $22,947.28   $22,238.95      $6,930.74     $15,308.20       $1,131,849.47      $416.67       $291.67
        322        7/1/26     $22,947.28   $22,238.95      $6,838.26     $15,400.69       $1,116,448.78      $416.67       $291.67
        323        8/1/26     $22,947.28   $22,238.95      $6,745.21     $15,493.74       $1,100,955.05      $416.67       $291.67
        324        9/1/26     $22,947.28   $22,238.95      $6,651.60     $15,587.34       $1,085,367.70      $416.67       $291.67
        325       10/1/26     $22,947.28   $22,238.95      $6,557.43     $15,681.52       $1,069,686.19      $416.67       $291.67
        326       11/1/26     $22,947.28   $22,238.95      $6,462.69     $15,776.26       $1,053,909.93      $416,67       $291.67
        327       12/1/26     $22,947.28   $22,238.95      $6,367.37     $15,871.57       $1,038,038.35      $416.67       $291.67
        328        1/1/27     $22,947.28   $22,238.95      $6,271.48     $15,967.47       $1,022,070.89      $416.67       $291.67
        329        2/1/27     $22,947.28   $22,238.95      $6,175.01     $16,063.94       $1,006,006.95      $416.67       $291.67
        330        3/1/27     $22,947.28   $22,238.95      $6,077.96     $16,160.99         $989,845.97      $416.67       $291.67
        331        4/1/27     $22,947.28   $22,238.95      $5,980.32     $16,258.63         $973,587.34      $416.67       $291.67
        332        5/1/27     $22,947.28   $22,238.95      $5,882.09     $16,356.86         $957,230.48      $416.67       $291.67
        333        6/1/27     $22,947.28   $22,238.95      $5,783.27     $16,455.68         $940,774.80      $416.67       $291.67
        334        7/1/27     $22,947.28   $22,238.95      $5,683.85     $16,555.10         $924,219.70      $416.67       $291.67
        335        8/1/27     $22,947.28   $22,238.95      $5,583.83     $16,655.12         $907,564.58      $416.67       $291.67
        336        9/1/27     $22,947.28   $22,238.95      $5,483.20     $16,755.74         $890,808.84      $416.67       $291.67
        337       10/1/27     $22,947.28   $22,238.95      $5,381.97     $16,856.98         $873,951.86      $416.67       $291.67
        338       11/1/27     $22,947.28   $22,238.95      $5,280.13     $16,958,82         $856,993.04      $416.67       $291.67
        339       12/1/27     $22,947.28   $22,238.95      $5,177.67     $17,061.28         $839,931.76      $416.67       $291.67
        340        1/1/28     $22,947.28   $22,238.95      $5,074.59     $17,164.36         $822,767.40      $416.67       $291.67
        341        2/1/28     $22,947.28   $22,238.95      $4,970.89     $17,268.06         $805,499.34      $416.67       $291.67
        342        3/1/28     $22,947.28   $22,238.95      $4,866,56     $17,372.39         $788,126.95      $416.67       $291.67
        343        4/1/28     $22,947.28   $22,238.95      $4,761.60     $17,477.35         $770,649.61      $416.67       $291.67
        344        5/1/28     $22,947.28   $22,238.95      $4,656.01     $17,582.94         $753,066.67      $416.67       $291.67
        345        6/1/28     $22,947.28   $22,238.95      $4,549.78     $17,689.17         $735,377.50      $416.67       $291.67
        346        7/1/28     $22,947.28   $22,238.95      $4,442.91     $17,796.04         $717,581.46      $416.67       $291.67
        347        8/1/28     $22,947.28   $22,238.95      $4,335.39     $17,903.56         $699,677.90      $416.67       $291.67
        348        9/1/28     $22,947.28   $22,238.95      $4,227.22     $18,011.73         $681,666.17      $416.67       $291.67
        349       10/1/28     $22,947.28   $22,238.95      $4,118.40     $18,120.55         $663,545.63      $416.67       $291.67
        350       11/1/28     $22,947.28   $22,238.95      $4,008.92     $18,230.03         $645,315.60      $416.67       $291.67
        351       12/1/28     $22,947.28   $22,238.95      $3,898.78     $18,340.16         $626,975.44      $416.67       $291.67
        352        1/1/29     $22,947.28   $22,238.95      $3,787.98     $18,450.97         $608,524.47      $416.67       $291.67
        353        2/1/29     $22,947.28   $22,238.95      $3,676.50     $18,562.44         $589,962.02      $416.67       $291.67
        354        3/1/29     $22,947.28   $22,238.95      $3,564.35     $18,674.59         $571,287.43      $416.67       $291.67
        355        4/1/29     $22,947.28   $22,238.95      $3,451.53     $18,787.42         $552,500.01      $416.67       $291.67
        356        5/1/29     $22,947.28   $22,238.95      $3,338.02     $18,900.93         $533,599.09      $416.67       $291.67
        357        6/1/29     $22,947.28   $22,238.95      $3,223.83     $19,015.12         $514,583.97      $416.67       $291.67
        358        7/1/29     $22,947.28   $22,238.95      $3,108.94     $19,130.00         $495,453.96      $416.67       $291.67
        359        8/1/29     $22,947.28   $22,238.95      $2,993.37     $19,245.58         $476,208.39      $416.67       $291.67
        360        9/1/29     $22,947.28   $22,238.95      $2,877.09     $19,361.85         $456,846.53      $416.67       $291.67
        361       10/1/29     $22,947.28   $22,238.95      $2,760.11     $19,478.83         $437,367.70      $416.67       $291.67
        362       11/1/29     $22,947.28   $22,238.95      $2,642.43     $19,596.52         $417,771.18      $416.67       $291.67
        363       12/1/29     $22,947.28   $22,238.95      $2,524.03     $19,714.91         $398,056.27      $416.67       $291.67
        364        1/1/30     $22,947.28   $22,238.95      $2,404.92     $19,834.02         $378,222.25      $416.67       $291.67
        365        2/1/30     $22,947.28   $22,238.95      $2,285.09     $19,953.85         $358,268.39      $416.67       $291.67
        366        3/1/30     $22,947.28   $22,238.95      $2,164.54     $20,074.41         $338,193.98      $416.67       $291.67
        367        4/1/30     $22,947.28   $22,238.95      $2,043.26     $20,195.69         $317,998.29      $416.67       $291.67
        368        5/1/30     $22,947.28   $22,238.95      $1,921.24     $20,317.71         $297,680.58      $416.67       $291.67
        369        6/1/30     $22,947.28   $22,238.95      $1,798.49     $20,440.46         $277,240.12      $416.67       $291.67
        370        7/1/30     $22,947.28   $22,238.95      $1,674.99     $20,563.95         $256,676.17      $416.67       $291.67
        371        8/1/30     $22,947.28   $22,238.95      $1,550.75     $20,688.19         $235,987.98      $416.67       $291.67
        372        9/1/30     $22,947.28   $22,238.95      $1,425.76     $20,813.19         $215,174.79      $416.67       $291.67
        373       10/1/30     $22,947.28   $22,238.95      $1,300.01     $20,938.93         $194,235.86      $416.67       $291.67
        374       11/1/30     $22,947.28   $22,238.95      $1,173.51     $21,065.44         $173,170.42      $416.67       $291.67
        375       12/1/30     $22,947.28   $22,238.95      $1,046.24     $21,192.71         $151,977.71      $416.67       $291.67
        376        1/1/31     $22,947.28   $22,238.95        $918.20     $21,320.75         $130,656.96      $416.67       $291.67
        377        2/1/31     $22,947.28   $22,238.95        $789.39     $21,449.56         $109,207.40      $416.67       $291.67
        378        3/1/31     $22,947.28   $22,238.95        $659.79     $21,579.15          $87,628.25      $416.67       $291.67
        379        4/1/31     $22,947.28   $22,238.95        $529.42     $21,709.53          $65,918.72      $416.67       $291.67
        380        5/1/31     $22,947.28   $22,238.95        $398.26     $21,840.69          $44,078.04      $416.67       $291.67
        381        6/1/31     $22,947.28   $22,238.95        $266.30     $21,972.64          $22,105.39      $416.67       $291.67
        382        7/1/31     $22,947.28   $22,238.95        $133.55     $22,105.39               $0.00      $416.67       $291.67
</TABLE>