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NEWLY CONSTRUCTED

APARTMENTS

FOR RENT IN WEST HARLEM

Genesis FSLM Partners LLC is pleased to announce that applications are now being accepted for 85 rental apartments now under construction at 311 West 141st Street, 203-205 West 119th Street, and 2078-2080 Frederick Douglass (112th Street) in the West Harlem Section of Manhattan. These buildings are being constructed through the Mixed Income Program of the City of New York's Department of Housing Preservation and Development (HPD) and the New Housing Opportunity Program (NewHOP) of the New York City Housing Development Corporation. The size, rent and targeted income distribution for the apartments are as follows:

Apartments at 311 West 141st Street ­ Ready for Occupancy Estimated Early Winter 2011 Apartment HH Monthly Total Minimum Total Maximum Annual Size Size* Rent** Annual Income Income *** 1 1 $872 $31,680 $53,800 Studio 1 1-2 $1,098 $39,463 $55,260 1 Bedroom 5 1-2 $1,098 $39,463 $61,400 1 Bedroom 1 1-2 $1,386 $49,337 $79,820 1 Bedroom 3 1 $1,322 $47,177 $55,260 2 Bedroom (i) 2 $1,322 $47,177 $62,190 3-4 $1,322 $47,177 $69,120 8 1 $1,668 $59,040 $79,820 2 Bedroom (i) 2 $1,668 $59,040 $89,830 3-4 $1,668 $59,040 $99,840 Apartments at 203-205 West 119th Street ­ Ready for Occupancy Estimated Early Winter 2011 Apartment HH Monthly Total Minimum Total Maximum Annual Size Size* Rent** Annual Income Income *** 7 1 $872 $31,680 $45,730 Studio 5 1 $1,448 $51,429 $94,150 Studio 1 1-2 $1,098 $39,463 $52,190 1 Bedroom 9 1-2 $1,818 $64,149 $107,450 1 Bedroom 1 1 $1,927 $67,920 $73,680 2 Bedroom (i) 2 $1,927 $67,920 $82,920 3-4 $1,927 $67,920 $92,160 13 1 $2,186 $76,800 $107,450 2 Bedroom (i) 2 $2,186 $76,800 $120,925 3-4 $2,186 $76,800 $134,400 2078-2080 Frederick Douglass Blvd/112th Street ­ Ready for Occupancy Estimated Early Winter 2011 Apartment HH Monthly Total Minimum Total Maximum Annual Size Size* Rent** Annual Income Income *** 4 1 $872 $31,680 $45,730 Studio 2 1 $1,448 $51,429 $94,150 Studio 2 1-2 $1,098 $39,463 $52,190 1 Bedroom 1 1-2 $1,602 $56,743 $73,680 1 Bedroom 14 1-2 $1,818 $64,149 $107,450 1 Bedroom 7 1 $2,186 $76,800 $107,450 2 Bedroom (i) 2 $2,186 $76,800 $120,925 3-4 $2,186 $76,800 $134,400

*Subject to occupancy criteria **Includes gas for heat, hot water and cooking ­ resident pays electricity ***Income guidelines subject to change (i) Priority for 2 bedroom units will be given to households with 2 or more members

Applicants will be required to meet income guidelines and additional selection criteria to qualify. Applications may be requested by regular mail to Genesis FSLM Partners LLC c/o PO BOX 666, Triborough Station, New York, NY 10035 or by visiting our website www.Genesisapts.com. Please be sure to include a self-addressed envelope with your request for an application. Completed applications must be returned by regular mail only to a post office box number that will be listed with the application, and must be postmarked by December 27, 2010. Applications postmarked after December 27, 2010 will be set aside for possible future consideration. Applicants will be selected by lottery. Applicants who submit more than one application will be disqualified. Disqualified applicants will not be accepted. Eligible applicants currently residing in Manhattan Community Board 10 will receive preference for 50% of the units. In addition, there will be a 5% preference for the Municipal Employees of the City of New York, 5% preference mobility impaired and 2% for the hearing/visually impaired. Applicants residing in New York City will receive a general preference over Non-City residents. Limit one application per household.

No Brokers Fee. No Application Fee. DAVID A. PATERSON ­ Governor MICHAEL R. BLOOMBERG, Mayor RAFAEL E. CESTERO, HPD -Commissioner MARC JAHR, NYCHDC ­ President www.nyc.gov/hpd www.genesisapts.com

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