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July 10, 2008, Boston, MA – Boston Capital announced the closing of Boston Capital Tax
Credit Fund XXX, a nationally diversified portfolio of 27 affordable apartment properties in 15
states with total equity raised of $150 million. With this closing, Boston Capital has closed
$481 million in equity since December 2007.

"At a challenging time for the U.S. economy and the credit markets, we are very pleased to
close a fund consisting of high quality assets and strong investor interest in these assets," said
Jack Manning, president and CEO of Boston Capital. "The appetite for these investments is
reflective of the high standards inherent in our investment offerings. We will continue to
provide our developer partners and our investors the best finance and investment programs in
the business."

Fund XXX includes three developments for seniors, totaling 613 units. Six developments
located in Virginia are EarthCraft House certified. The EarthCraft House program is a voluntary
green building program for the southeastern region of the US that serves as a blueprint for
healthy, comfortable homes that reduce utility bills and protect the environment.

The properties acquired by Corporate Fund XXX will add an additional 3,281 apartment units to
Boston Capital’s holdings, which currently total over 168,000 apartments.

For the balance of 2008, Boston Capital will launch and close another multi-investor national
fund totaling $150 - $200 million by calendar year end. We will also continue to close business
with our proprietary fund relationships, which will account for a significantly larger portion of
our business this year than in years past.

About Boston Capital:

Boston Capital, headquartered in Boston, MA, is a real estate investment and advisory firm
specializing in tax advantaged investments for multifamily housing and equity investment in
market rate apartment communities. As of December 2007, Boston Capital’s holdings included
more than 2,800 multifamily apartment properties in 48 states and the District of Columbia,
constituting more than 168,000 apartments with a development cost in excess of $11.8 billion.
Boston Capital is the third largest owner/investor of apartment properties in the US and the 11th
largest owner of real estate in general.

For more information contact:

Allison E. Marino
Communications Associate
Corporate Communications
Boston Capital
One Boston Place
Boston, MA 02108-4406
(617) 624-8678