Bacchus Development, 8801 Research Dr, Irvine, CA 92618, US

IRVINE, CALIFORNIA - We, at Global Premier Development, Inc ( GPD ), believe that the American Dream of homeownership is a significant stride on the economic ladder of success. However, many families throughout the Nation and particularly, California find homeownership an impossible reality. GPD and its Joint Venture Partners ( JVP's ) are dedicated to providing housing that can assist families in making the American Dream come true. GPD and its JVP's specialize in the development of Low Income Housing, under Section 42 of the Internal Revenue Code, Tax Exempt Bond financing. The participation of and endorsement by cities and counties allow us to provide lower than market rents to qualified tenants. By providing very affordable rents, residents are able to save their resources for a down payment on a home or to get a better education to improve their economic situation. Affordable housing communities often serve larger social needs as well, helping to stabilize and reinvigorate neighborhoods in decline, or creating "infill" housing opportunities in redevelopment areas. GPD and its JVP's strive to deliver an attractive product that is distinguishable from market-rate apartment complexes in the surrounding community. GPD is owned and operated by Andrew Hanna. At the end of the 21st century ( 1998 ), Andrew Hanna entered the real estate development industry, sculpting a new outlook on development. In 2004 GPD was incorporated, thus continuing the remarkable success of Andrew Hanna. Andrew Hanna was an instrumental player in planning and developing almost 1, 500 low income housing units throughout the state, and continues to pursue additional opportunities in markets in California, with project values amounting to nearly $185 million in tax credits ( See attached tax credit projects ). Andrew Hanna and GPD's management team have a combination of over 30 years of experience in the real estate development industry, and have collectively, planned and developed over 3, 400 low income and market rate units with values worth over $397, 900, 000 ( See attached market rate projects ). GPD and its JVP's have implemented high standards for our company, to set us apart from other development companies. When GPD was established, Andrew Hanna wanted to be different than other developers in the area, by our efforts in coordinating productive and long lasting partnerships, affiliations and syndications. As the housing market sprawled throughout California and multi-family residential complexes became more common, we noticed how developers would build, lease and leave the project. Thus, letting the project deteriorate and become a nuisance to the community. Thanks to its experience and resources, GPD and its JVP's have become a valued partner with local governments and the nonprofit housing community in their efforts to promote the acquisition, new construction, and acquisition/rehabilitation of permanent and transitional affordable rental housing for low-income households and seniors. GPD and its JVP's have the reputation of constructing neighborhood apartments that communities, cities and counties will be proud of. With GPD's and its JVP's past successes and dedicated staff, the future of GPD holds endless boundaries. With GPD and its JVP's extensive search for top property management subsidiaries, it helps to keep tax credits in place by ensuring longevity and full occupancy over the life of each community. Our apartments will demonstrate that affordable housing is for hard working low- and moderate-wage earners such as waiters, childcare workers, bus drivers and clerical workers, which will aim to dispel the myths of affordable housing, such as affordable housing developments decrease property values and increase crime. Our properties provide a safe environment enriched with community activities and educational programs for many deserving families. Our below-market rents help families save valuable resources that may be used toward achieving

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