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      <FootnoteTextInd>X</FootnoteTextInd>
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        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>HDC ADHERES TO THE PROVISIONS OF ASC 740, INCOME TAXES. ASC 740 ESTABLISHES RULES FOR RECOGNIZING AND MEASURING TAX POSITIONS TAKEN IN AN INCOME TAX RETURN, INCLUDING DISCLOSURES OF UNCERTAIN TAX POSITIONS (UTPS). ASC 740 MANDATES THAT COMPANIES EVALUATE ALL MATERIAL INCOME TAX POSITIONS FOR PERIODS THAT REMAIN OPEN UNDER APPLICABLE STATUTES OF LIMITATION, AS WELL AS POSITIONS EXPECTED TO BE TAKEN IN FUTURE RETURNS. THE UTP RULES THEN IMPOSE A RECOGNITION THRESHOLD ON EACH TAX POSITION. A COMPANY CAN RECOGNIZE AN INCOME TAX BENEFIT ONLY IF THE POSITION HAS A "MORE LIKELY THAN NOT" (I.E., MORE THAN 50 PERCENT) CHANCE OF BEING SUSTAINED ON THE TECHNICAL MERITS. FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024, HDC HAS TAKEN NO MATERIAL TAX POSITIONS ON ITS APPLICABLE TAX FILINGS THAT DO NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD. AS A RESULT, NO AMOUNT FOR UNCERTAIN TAX POSITIONS HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2022.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>ELECTION NOT TO BE TREATED AS EXEMPT ENTITY UNDER SECTION 168(H)(6)(F)(II)</FormAndLineReferenceDesc>
        <ExplanationTxt>BOND 5 GP, LLC - TAX I.D. #83-0989839 8 WEST KING STREET, SUITE 821 LANCASTER, PA 17603 PURSUANT TO IRC 168(H)(6)(F)(II), THE ABOVE LISTED ENTITY ELECTS TO NOT BE TREATED AS A TAX-EXEMPT ENTITY EFFECTIVE THE YEAR ENDED DECEMBER 31, 2025. THEIS ENTITY IS 100% OWNED BY THE FOLLOWING TAX-EXEMPT ENTITY: HOUSING DEVELOPMENT CORPORATION MIDATLANTIC - TAX I.D. 23-1861343 8 WEST KING STREET, SUITE 821 LANCASTER, PA 17603</ExplanationTxt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>SAM JORDAN</PersonNm>
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        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
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        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>3041</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>173230</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>1</ContributionCnt>
        <NoncashContributionsRptF990Amt>210000</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>LAND VALUE</MethodOfDeterminingRevenuesTxt>
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      <ReviewProcessUnusualNCGiftsInd>0</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>0</ThirdPartiesUsedInd>
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    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A COPY OF THE COMPLETED FORM 990 AND RELATED SCHEDULES IS REVIEWED BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE ALSO MEETS WITH A REPRESENTATIVE OF THE ACCOUNTING FIRM THAT PREPARED THE FORM 990 AND RELATED SCHEDULES TO DISCUSS THE CONTENT AND ANSWER ANY QUESTIONS OF THE AUDIT COMMITTEE. FINAL CHANGES, IF ANY, ARE THEN MADE TO THE FORM 990 AND RELATED SCHEDULES. THE AUDIT COMMITTEE APPROVES THE FINAL COPY OF THE IRS FORM 990 AND RELATED SCHEDULES AND THE FINAL COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL EMPLOYEES ARE GIVEN THE ANNUAL CONFLICT OF INTEREST STATEMENT WHERE THEY DISCLOSE ANY CONFLICT THEY MAY HAVE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>WAGE SURVEY, PERSONNEL COMMITTEE APPROVAL, BOARD OF DIRECTOR APPROVAL, AND EXECUTIVE COMMITTEE APPROVAL. A WAGE SURVEY IS PERFORMED EVERY THREE YEARS AND AN ANNUAL UPDATE WITH COMPENSATION CONSULTANT.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>UPON REQUEST</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>NET INCOME OF MAJORITY OWNED SUBSIDIARIES 134,553. DISCOUNT ON NOTES RECEIVABLE NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 1,202,005. ADJUSTMENT TO RECEIVABLES VALUATION ALLOWANCE -15,721,780.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.</ExplanationTxt>
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          <CityNm>LANCASTER</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>17603</ZIPCd>
        </USAddress>
        <EIN>233085236</EIN>
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        <PublicCharityStatusTxt>LINE 7</PublicCharityStatusTxt>
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          <BusinessNameLine1Txt>HOUSING DEVELOPMENT CORPORATION MIDATLANTIC</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>1</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>CLAYMONT STREET APARTMENTS LP</BusinessNameLine1Txt>
        </RelatedOrganizationName>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
          <CityNm>LANCASTER</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>17603</ZIPCd>
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        <EIN>800872534</EIN>
        <PrimaryActivitiesTxt>LOW INCOME HOUSING</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
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        <GeneralOrManagingPartnerInd>0</GeneralOrManagingPartnerInd>
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      <IdRelatedOrgTxblPartnershipGrp>
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          <BusinessNameLine1Txt>OAK BOTTOM VILLAGE ASSOCIATES</BusinessNameLine1Txt>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
          <CityNm>LANCASTER</CityNm>
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      <IdRelatedOrgTxblPartnershipGrp>
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      <IdRelatedOrgTxblPartnershipGrp>
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      <IdRelatedOrgTxblPartnershipGrp>
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          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>17603</ZIPCd>
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      <IdRelatedOrgTxblPartnershipGrp>
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      <IdRelatedOrgTxblPartnershipGrp>
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      <IdRelatedOrgTxblPartnershipGrp>
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          <BusinessNameLine1Txt>ST STANISLAUS ASSOCIATES LP</BusinessNameLine1Txt>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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          <StateAbbreviationCd>PA</StateAbbreviationCd>
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        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
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        <DisproportionateAllocationsInd>0</DisproportionateAllocationsInd>
        <GeneralOrManagingPartnerInd>0</GeneralOrManagingPartnerInd>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>SOUTH BETHLEHEM PARTNERSLP</BusinessNameLine1Txt>
        </RelatedOrganizationName>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
          <CityNm>LANCASTER</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>17603</ZIPCd>
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        <EIN>453516760</EIN>
        <PrimaryActivitiesTxt>LOW INCOME HOUSING</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
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        <DisproportionateAllocationsInd>0</DisproportionateAllocationsInd>
        <GeneralOrManagingPartnerInd>0</GeneralOrManagingPartnerInd>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>SAINT VINCENT APARTMENTS LP</BusinessNameLine1Txt>
        </RelatedOrganizationName>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
          <CityNm>LANCASTER</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
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          <AddressLine1Txt>504 PENN AVE</AddressLine1Txt>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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      <IdRelatedOrgTxblPartnershipGrp>
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        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
          <CityNm>LANCASTER</CityNm>
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      <IdRelatedOrgTxblPartnershipGrp>
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        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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      <IdRelatedOrgTxblPartnershipGrp>
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          <BusinessNameLine1Txt>LIHTC PRESERVATION PARTNERS</BusinessNameLine1Txt>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
          <CityNm>LANCASTER</CityNm>
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        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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      <IdRelatedOrgTxblPartnershipGrp>
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          <BusinessNameLine1Txt>MARKET SQUARE APARTMENTS PARTNERS</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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      <IdRelatedOrgTxblPartnershipGrp>
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          <BusinessNameLine1Txt>HENNER APARTMENTS ASSOCIATES LP</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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      <IdRelatedOrgTxblPartnershipGrp>
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        <USAddress>
          <AddressLine1Txt>2042-48 ARCH STREET SECOND FLOOR</AddressLine1Txt>
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      <IdRelatedOrgTxblPartnershipGrp>
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          <BusinessNameLine1Txt>EAST LAKE PARTNERS LP</BusinessNameLine1Txt>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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      <IdRelatedOrgTxblPartnershipGrp>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>HOUSING ASSOCIATES OF LANCASTER</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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      <IdRelatedOrgTxblPartnershipGrp>
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          <BusinessNameLine1Txt>BOND 5 LP</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
          <CityNm>LANCASTER</CityNm>
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      <IdRelatedOrgTxblPartnershipGrp>
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          <BusinessNameLine1Txt>DUKE MANOR PARTNERS</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>LANDISVILLE APARTMENTS ASSOCIATES</BusinessNameLine1Txt>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>LANDISVILLE II APARTMENT ASSOCIATES</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
          <CityNm>LANCASTER</CityNm>
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          <ZIPCd>17603</ZIPCd>
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      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>CATHOLIC SENIOR HOUSING PARTNERS LP</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>504 PENN AVE</AddressLine1Txt>
          <CityNm>SCRANTON</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
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      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>NFO PARTNERS</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
          <CityNm>LANCASTER</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>17603</ZIPCd>
        </USAddress>
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        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>BOND 2 GP LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>17603</ZIPCd>
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        <PrimaryActivitiesTxt>REAL ESTATE DEVELOPMENT</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
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          <BusinessNameLine1Txt>HOUSING DEVELOPMENT CORPORATION MIDATLANTIC</BusinessNameLine1Txt>
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        <RelatedOrganizationName>
          <BusinessNameLine1Txt>BOND 3 GP LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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          <StateAbbreviationCd>PA</StateAbbreviationCd>
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        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
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        <RelatedOrganizationName>
          <BusinessNameLine1Txt>BOND 5 GP LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
          <CityNm>LANCASTER</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
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        </USAddress>
        <EIN>830989839</EIN>
        <PrimaryActivitiesTxt>REAL ESTATE DEVELOPMENT</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>HOUSING DEVELOPMENT CORPORATION MIDATLANTIC</BusinessNameLine1Txt>
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        <RelatedOrganizationName>
          <BusinessNameLine1Txt>COLLEGE AVENUE 3 GP LLC</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
          <CityNm>LANCASTER</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>17603</ZIPCd>
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        <EIN>873969857</EIN>
        <PrimaryActivitiesTxt>REAL ESTATE DEVELOPMENT</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
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          <BusinessNameLine1Txt>HOUSING DEVELOPMENT CORPORATION MIDATLANTIC</BusinessNameLine1Txt>
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        <RelatedOrganizationName>
          <BusinessNameLine1Txt>HDC INVESTMENTS INC</BusinessNameLine1Txt>
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          <AddressLine1Txt>8 WEST KING STREET SUITE 821</AddressLine1Txt>
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          <BusinessNameLine1Txt>HOUSING DEVELOPMENT CORPORATION MIDATLANTIC</BusinessNameLine1Txt>
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      <LoansOrGuaranteesFromOthOrgInd>1</LoansOrGuaranteesFromOthOrgInd>
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      <TransferFromOtherOrgInd>1</TransferFromOtherOrgInd>
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  </ReturnData>
</Return>