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I I . . I I I I I I I I I I I I I I II chicago Avenue - provided throJgh a Loan In the amount of $l,192.~OG from sale of construction notes issued by the !~lnneapolls Community Developmpnt Agency. The Loan vas Insured by the United States Department of Housing and Urban Developnent. At final closing, the Loan was repaid from the proceeds of a s~le of bonds issued by the Minneapolis connunity Development Agency. In addltion, the Partnersnip received a Loan from the Minneapolis Connunlty Developm~nt Agency in the aMount of $1,393,000 for the purchase and rehaoilltatlo~ of the real property. Can-American Realty corporation is the General Partner of the partnership. Can-Amerlcar Realty Corporation, Lount corporatlon and Can-Investment Corporation of Maryland ar~ General Partners of the Huntington Local partnership. Canadlan Financial Housing Corporation IS a General Partner of the chicago Avenue and Rlverbluff Local partnerships. ARNOLD LIMITED PARTNERSHIP $2,175,000 Llm1ted Partnership Interests offered 1n 30 Units of $72,500 each. Offering Date: Oct0ber 1982. Placement Agent: Merrill Lynch, Plerce, Fenner and Sm1th, Inc. PrInCipal Investment: The PdrtnershIp wa~ organized to own, develop ~nd operate COLLEGE PARKWAY PLACEt a 170-unlt garden apartment proJect in Arnoldt Maryland. Construction and PerManent Flnancin: prOVided through a Loan In the anount of 7,108,000 from the Maryldnd National Mortgage corporatIon. The CommunIty Development Admin1stratIon of the State of Maryland prOVIded 100% of the Loan funds to the Constructlon Lender under a Loan Ass1gnment Agreement. The Loan IS insured by the United Slates Department of HOUSIng and Urbar Development. At final clOSIng, the mortgage was purchaspd by the Government Nat10nal Mortgage Association. I canad1an Flnanc~al Houslng corporatIon, Canadian Investment corpo~atlon of Maryland and Lount CorporatIon are the General Partners of the partnership.