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Ethics Board Docket No. 2006-439 <br /> Page 4 of 7 <br /> Allocation Plan for tax credits through the Gulf Opportunity Zone Tax Credit Program. <br /> 6. <br /> The Louisiana Housing Finance Agency, after competitively evaluating Mr. Tucker's bids, <br /> along with over 100 other bids by various developers, conditionally reserved low-income housing <br /> tax credits for the rehabilitation of Jackson's Landing Apartments and Chateau Thierry Apartments. <br /> 7. <br /> On October 12, 2006 Jim Tucker executed a "Housing Credit Percentage Commitment <br /> Agreement"with the Louisiana Housing Finance Agency containing certain conditions as set forth <br /> therein. <br /> 8. <br /> On May 25,2007,Mr.Tucker submitted correspondence on behalf of Garden Oaks Holdings, <br /> P g <br /> LLC and Hayne Boulevard Investments #1, LLC returning the reserved low-income housing tax <br /> credits. <br /> 9. <br /> A formal Act of Cancellation of the Housing Credit Percentage Commitment Agreement <br /> between the Louisiana Housing Finance Agency and Garden Oaks Holdings,LLC was recorded in <br /> Orleans Parish. A formal Act of Cancellation of the Housing Credit Percentage Commitment <br /> Agreement between the Louisiana Housing Finance Agency and Hayne Boulevard Investments#1, <br /> LLC and has been recorded in Orleans Parish. <br /> II. <br /> • APPLICABLE LAW <br />