Date of Release: 04/14/2008

Denver, CO - Monroe Group, Ltd. is pleased to announce the addition of Ron Lafollette to our team. Lafollette, Manager of the Colorado Housing and Finance Authority (CHFA) Tax Credit Allocation Team for the past ten years, will be joining the Monroe Group at the end of April to serve as Acquisitions Manager and help the company expand into consulting services for tax credit applications.

Lafollette comes to Monroe Group with extensive experience in the tax credit industry as a nationally recognized expert in the field. Prior to joining Monroe Group, Lafollette played an integral role at CHFA in creating a tax credit allocation process recognized as one of the most effective and developer friendly in the country. Further, as a recognized industry leader, Lafollette has spoken at several national affordable housing forums, has been active in the national trade organization, NCSHA, and has worked with tax credit equity investors and syndicators throughout the country.

Lafollette noted, “At CHFA, I had the opportunity to interact with the various parties involved in affordable housing transactions. I wanted to stay in the affordable housing field while expanding my base of knowledge on the developer side of the equation. I am excited about joining the Monroe Group, a highly respected and growing company, and having the opportunity to participate in a transaction from inception to closing.”

Lafollette joins Principals Chad Asarch, Hud Karshmer and Stuart Heller and Director of Operations Liz Smith, formerly the Private Activity Bond Manager for the State of Colorado. “We are thrilled to have Ron join us at Monroe Group,” Karshmer stated, “he will be a welcome addition to our expanding and dynamic team.” Asarch added, “We are building a very strong group of individuals with extensive and varied knowledge in the affordable housing field, the addition of Ron solidifies the foundation of our rapidly expanding team.” Other recent additions to the team include Construction Manager Jason Van Aernam, formerly the Vice President of Construction at Richmond American Homes, and most recently Sudy Kudva, who is leaving a position as Principal Consultant for Avaya to join Monroe Group as Director of Finance.

In his new role at Monroe Group, Lafollette will assist in the analysis of prospective affordable housing projects around the country and will oversee the closing of affordable transactions. “We wish to extend a warm welcome to Ron and sincerely look forward to him joining the Monroe Group” affirmed Principal Stuart Heller.

About Monroe Group Ltd.:
Monroe Group Ltd. is a leading real estate development firm specializing in affordable multi-family and senior/disabled housing. Monroe Group Ltd. manages an extensive multi-family portfolio with properties in Colorado, Texas, Missouri, North Carolina and Indiana. Its portfolio includes Project Based Section 8, Low Income Housing Tax Credit (LIHTC) and mixed-income developments in Colorado, Indiana, Texas, North Carolina and Missouri. Monroe Group believes that all people—regardless of their financial situation, age or abilities—deserve to live in clean, decent and safe homes and communities. Monroe Group is dedicated to improving communities by providing high quality affordable living alternatives.