U.S. Bancorp Community Development Corporation Overview

U.S. Bancorp Community Development Corporation is dedicated to closing the gap between people and possibility through various programs like affordable housing, new markets tax credits, historic tax credits, and renewable energy tax credits. They offer key customer benefits such as industry expertise, reliable execution, and social and environmental impact, with a stable foundation from U.S. Bank. The leadership team at U.S. Bancorp is committed to driving positive change in underserved communities. Their focus areas include affordable housing and economic development, with significant investments made in various projects across the United States.

• Community Development
• U.S. Bancorp
• Affordable Housing
• Tax Credits
• Economic Development

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1. U.S. Bancorp Community Development Corporation Overview September 30, 2019

2. Closing the gap between people and possibility 2 U.S. BANK |

3. Our platform Federal State x x Low Income Housing Tax Credits and Lending Affordable housing for those who need it the most x x New Markets Tax Credits Economic development in underserved communities x x Historic Tax Credits Preserving our historic structures x Renewable Energy Tax Credits Powering our nation s communities x x Tax Credit Syndications Generating new sources of capital Community Finance Solutions Helping customers meet their goals 3 U.S. BANK |

4. Key customer benefits Industry expertise Reliable execution Social and environmental impact U.S. Bank stability and support 4 U.S. BANK |

5. Our leadership Jillian Guenther Strategy and Employee Experience Bill Bayer Ziad Amra Chief Administrative Officer Zack Boyers Chairman & CEO Tax Credit Syndications Kyle Hansen Community Finance Solutions Darren Van t Hof New Markets, Historic and Renewable Energy Tax Credits Beth Stohr Affordable Housing Sunil Rajpurohit Chief Financial Officer 5 U.S. BANK |

6. Our business areas 6 U.S. Bank

7. Affordable housing Creating opportunity for those who need it the most As of September 30, 2019 $3.2 billion in affordable housing lending 1,118 $11.5 67,900 affordable housing units billion invested projects and funds Iberville Housing, New Orleans, LA St. Michael s Veterans Center, Kansas City, MO North Park Senior Apartments, San Diego, CA 7 U.S. BANK |

8. New markets tax credits Economic development in underserved communities As of September 30, 2019 1,452 projects $6.20 223 community development entities billion invested $24 billion leveraged Stout Street Health Center, Denver, CO Washburn Center for Children, Minneapolis, MN Big Brothers Big Sisters of Miami, Florida 8 U.S. BANK |

9. Historic tax credits Preserving our historic structures As of September 30, 2019 565 projects $2.23 2000 USBCDC began investing in HTC billion invested 150 cities & towns Portland Center Stage at The Armory, Portland, OR The 9, Cleveland, OH Leather Trades Artist Lofts, St. Louis, MO 9 U.S. BANK |

10. Renewable energy Powering our nation s communities As of September 30, 2019 339 projects 12.8 $11.1 billion invested households outfitted 281,000 with solar panels megawatts financed Bishop Hill Wind, Henry County, IL Coronal Gulf Coast, Pensacola FL Scottsdale Unified School District, Phoenix, AZ 10 U.S. BANK |

11. Community Finance Solutions Helping customers meet their goals As of September 30, 2019 $1.5 billion in deposits Data tbd $783 million in loan commitments Poverello Center, Missoula, Montana La Kretz Innovation Campus, Los Angeles, CA Century Housing Corporation California 11 U.S. BANK |

12. Tax credit syndications Generating new sources of capital As of September 30, 2019 153 $7.9 total federal and state tax credits syndicated 146 federal funds billion total transactions 60 investors Olga Village, Milwaukee, WI Utility scale solar, Robeson Cty., North Carolina Macaroni Flats, Salt Lake City, Utah 12 U.S. BANK |

13. Visit us usbank.com/cdc 13 U.S. BANK |