NASDAQ, ATAX - Amer First Mf Inv
The Partnership was formed on April 2, 1998 under the Delaware Revised Uniform
Limited Partnership Act for the purpose of acquiring, holding, selling and
otherwise dealing with a portfolio of federally tax-exempt mortgage revenue
bonds which have been issued to provide construction and/or permanent financing
of multifamily residential properties. Interest on these bonds is excludable
from gross income for federal income tax purposes. As a result, most of the
income earned by the Partnership is exempt from federal income taxes. Our
general partner is America First Capital Associates Limited Partnership Two
(?AFCA 2?), whose general partner is The Burlington Capital Group LLC
(?Burlington?). Since 1984, Burlington has specialized in the management of
investment funds, many of which were formed to acquire real estate investments
such as tax-exempt mortgage revenue bonds, mortgage securities and multifamily
real estate properties. ...
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