Paseo Property Manager and Chad Daffer

Paseo property manager: ATAX continues to work in cooperation with Paseo property manager and third party bistro operator to improve Paseo performance, according to Market Watch. Since June 30, 2015, the occupancy rate has increased by 61%, and is now 100% occupied for the Fall 2015 Semester. "After careful consideration of the highest and best use of our investment in Paseo, we determined that owning the property would allow us to create the best conditions to enhance value to our unitholders," said Chad Daffer, ATAX Fund Manager. "We will continue to monitor and evaluate the performance of Paseo for the long-term benefit of our unitholders." About America First Multifamily Investors, L.P. America First Multifamily Investors, L.P. was formed on April 2, 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, student housing, senior citizen residential properties, and commercial properties. Paseo is a 394 unit multifamily student housing residential property located near the campus of the San Diego State University. The Company is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis in order to increase the amount of interest available for distribution to our shareholders; reduce risk through asset diversification and interest rate hedging; and achieve economies of scale. The Company seeks to achieve its investment growth strategy by investing in additional mortgage revenue bonds and other investments as permitted by the Partnership Agreement, taking advantage of attractive financing structures available in the securities market, and entering into interest rate risk management instruments. The Company expects and believes the interest earned on these mortgage revenue bonds is excludable from gross income for federal income tax purposes. (news.financializer.com). As reported in the news.