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Boston, MA, September 19, 2007 - Boston Capital Finance announced the closings of four
construction/permanent loans and one permanent-only loan in Louisiana and Mississippi. These
loans total over $7.2 million. Beau Maison, a to-be-built, 25-unit single family development
and Beau Soliel, a to-be-built, 24-unit duplex development are located in Lafayette, LA.
Orchard Height Homes is a to-be-built, 40-unit single family development in Ruston, LA; and
Northern Height Homes is a to-be-built, 40-unit single family development in Shreveport, LA.
Boston Capital Finance also closed one permanent-only loan, Bartlett Bayou, a 48-unit garden
style development in Pascagoula, MS.

"We are pleased to be aiding in the rebuilding effort in the Gulf Coast, providing new,
high quality multifamily housing units to residents of these hurricane-ravaged areas and
other communities in needof affordable housing," stated Jeff Goldstein, executive vice
president and director of real estate at Boston Capital. "Through our mortgage fund,
we are providing ourdeveloper partners the best in equity and debt financing for
acquisitions such as Bartlett Bayouand new affordable communities such as Beau Maison,
Beau Soleil, Orchard Height, and Northern Height Homes."

Boston Capital Finance manages the Boston Capital Affordable Housing Mortgage Fund which
originates construction, permanent and construction/permanent loans between $750,000 and
$10,000,000. The mortgage fund targets new construction or substantially rehabilitated LIHTC
(Section 42) properties in which Boston Capital is the equity investor.


Beau Maison Apartments
Situated on a 4.3-acre site in Lafayette, LA, Beau Maison Apartments will consist
of 25 singlefamily homes. Amenities will include a shared community building and a children’s
playground. The loan amount was $1,165,000 for Beau Maison.


Beau Soliel Apartments
Beau Soleil Apartments will consist of 24 duplex-style units contained in 12 buildings located
on a 3.97 acre-site in Lafayette, LA. Amenities will include a community building and a
children’s playground. The loan amount for Beau Soliel was $1,165,000.


Orchard Height Homes
Orchard Height Homes will consist of 40 single-family units situated on a five acre-site in
Ruston, LA. Amenities will include a children’s playground and a barbeque and picnic area.
The loan amount for Orchard Height Homes was $2,000,000.


Northern Height Homes
Northern Height Homes will consist of 40 single-family units situated on a 9.85 acre-site in
Shreveport, LA. Amenities will include a children’s playground and a barbeque and picnic
area. The loan amount for Northern Heights Homes was $2,000,000.


Bartlett Bayou Apartments
Bartlett Bayou Apartments is a 48-unit development contained in six buildings and situated on a
3.25 acre-site in Pascagoula, MS. Amenities will include a children’s playground. The loan was
a direct to permanent funding of $900,000.

About Boston Capital:

Boston Capital, headquartered in Boston, MA, is a real estate investment and advisory firm
specializing in real estate and tax advantaged investments for multifamily housing, equity
investment in market rate apartment communities and renewable energy developments. As of
June 2007, Boston Capital's holdings included over 2,700 multifamily apartment properties in
48 states and the District of Columbia, constituting nearly 158,000 apartments with a
development cost in excess of $11.5 billion. Boston Capital is the fourth largest owner/investor
of apartment properties in the country and the 11th largest owner of real estate property in
general.

For more information contact:

Bill Fazzano
Vice President
Boston Capital Finance
One Boston Place
Boston, MA 02108-4406
(617) 624-8711


David Gasson
Vice President
Director of Corporate Communications
Boston Capital
One Boston Place
Boston, MA 02108-4406
(617) 624-8896