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CSG Advisors Incorporated January 28, 2015 <br />Proposal; Housing Financial Analytical and Advisory Services Page 10 of 25 <br />Transactions [n Last 5 Years. To show our annual level of activity in this area, following are <br />transactions by individual year since January 1, 2010. <br />Multi - Family Bond Transactions by Year: Last 5 Years <br />Year <br />2010 <br />California <br />Issues <br />18 <br />$ (millions) <br />240 <br />Total National <br />Issues <br />39 <br />$ (millions) <br />893 <br />2011 <br />12 <br />197 <br />36 <br />746 <br />2012 <br />19 <br />287 <br />35 <br />685 <br />2013 <br />20 <br />258 <br />38 <br />1,180 <br />2014 <br />27 <br />557 <br />66 <br />1,943 <br />Total <br />96 <br />$1.5 billion <br />214 <br />$5.4 billion <br />Our knowledge and understanding of current trends and details of multi - family bonds in California and <br />nationally enables to be extremely effective in handling the widest range of types and sizes of projects, <br />forms of credit enhancement, different resources and subsidies that Santa Ana might deal with. <br />Achievements. We have: <br />Prepared multifamily bond policies and criteria for Orange County, Los Angeles County, and <br />the cities of Anaheim, Hayward, Los Angeles, San Diego, San Francisco and many others. <br />Designed nationally innovative multifamily approaches, including the first local loans -to lenders <br />bond issues, the first Federal Home Loan Bank letter of credit- backed issues, the local taxable <br />multifamily bonds, and tax - exempt bonds for HUD expiring use projects. <br />Developed and implemented strategies for the redevelopment of public housing using HOPE <br />Vr, Capital Fund financings and low income housing tax credits. CSO has developed these <br />programs by working on 67 mixed - finance developments across the country for more than 20 <br />_major_ housing- a aharities,. including. _the _California horsing_ authorities. _of. Los Angeles, <br />Oakland, Richmond, and San Francisco. <br />Developed nationally innovative very low -crust standardized private placement programs, <br />including Washington State's Small Tax - Exempt Placement Program (STEP). <br />Have advised on over 300 projects involving FHA mortgage insurance and as a result of this <br />expertise served as HUD's national consultant for complex multi - family refunding requests to <br />determine their impact on FHA. <br />Helped structure over 100 FHA and Fannie Mae - backed issues and have worked on bank <br />placements or letters of credit with all the major banks active in California. <br />Structured over 200 multifamily variable rate demand bond issues, many with. interest Tate <br />hedges and swaps. <br />Served as the Resolution Trust Corporation's national financial advisor for all tax - exempt assets <br />from savings and loans, including over 800 multi- family bond issues, and designed FTC's <br />national bridge financing program for the sale of affordable housing projects to non - profits and <br />public agencies. <br />