Revenue Bond Coverage Rental Housing Statistical Section Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2000

GROSS RECEIPTS			NET REVENUE AVAILABLE FOR DEBT SERVICE
Revenue Bond Coverage
Rental Housing
Last Ten Fiscal Years
(Expressed in Thousands)

FOR THE YEAR ENDED JUNE 30,	USED FOR DEBT SERVICES (1)	DIRECT OPERATING EXPENSES (2)		DEBT SERVICE REQUIREMENTS

				PRINCIPAL	INTEREST	TOTAL	COVERAGE
1991	$18,113	$3,234	$14,879	$1,550	$11,360	$12,910	1.15
1992	10,071	1,267	8,804	1,550	8,562	10,112	0.87
1993	17,163	1,585	15,578	1,000	7,805	8,805	1.77
1994	16,102	-	16,102	2,038	12,991	15,029	1.07
1995	14,012	61	13,951	1,052	8,310	9,362	1.49
1996	10,225	1,329	8,896	2,305	7,856	10,161	0.88
1997	7,329	33	7,296	2,175	7,814	9,989	0.73
1998	8,204	512	7,692	5,101	7,566	12,667	0.61
1999	13,596	65	13,531	11,396	5,774	17,170	0.79
2000	8,494	20	8,474	10,070	5,627	15,697	0.54

(1) Includes Operating and Non-Operating Revenues and Principal Collections.
(2) Includes Operating Expenses Less Depreciation, Amortization, Interest Expenses, and Provision for
Loan Losses.

SOURCES: Combining Statement of Revenues, Expenses, and Changes in Retained Earnings
Combining Statement of Cash Flows