The Plan Trustees, who serve without pay and must be active participants in the Plan, are listed below with information on the Administrators of the Plan:

Wayne East - Chair of the HART Board of Trustees. Wayne has served as Executive Director of the Greater Gadsden Housing Authority, Gadsden, Alabama since December 1991. Prior to his employment with the Gadsden Housing Authority, Wayne worked for the Department of Housing and Urban Development for 19 years as an Operational Accountant and in his last position served as the Georgia Director of Public Housing. He has served on the HART Board since February 1992.

Jim Coleman - Vice Chair of the HART Board of Trustees. Jim has served as Executive Director of the Camden Housing Authority, Camden, Arkansas for over 30 years. He has served as President of the Arkansas Chapter of NAHRO, President of Southwest NAHRO and on the NAHRO Board of Governors. He has served on the HART Board since June 1998.

Wavid C. Wray - Chief Financial Officer for the Louisville Metro Housing Authority, Louisville, Kentucky. Has served as Chief Financial Officer over 30 years, and prior to employment with the Louisville Housing Authority, worked in Corporate Finance for Chevron USA. He has served on the HART Board since August 1990.

Daniel W. Tiller - Senior Vice President/Chief Development Officer for the Knoxville Community Development Corporation (formerly Knoxville Housing Authority). He has been employed by the Corporation for more than 34 years, and held a number of different positions including Finance Officer for Urban Renewal, Redevelopment Director, Program Administrator, etc. He has served on numerous NAHRO committees, and is currently serving on the NAHRO Board of Governors. He has also held numerous offices within SERC-NAHRO, including president. He has served on the HART Board since September 2000.

Richard J. Franco - Executive Secretary of the Housing Authority of the City of Corpus Christi, Texas. He has served as Executive Director for over five years, and was formerly CEO of multi-entities – Denton, Frisco and Bridge Port Housing Authorities. He retired from the Senior Executive Service with HUD and is currently serving on the Board of Directors, including president, for the State of Texas National Association of Housing and Redevelopment Officials. He has served on the HART Board since April 2002.

Frank L. Wilcox - Executive Director of the Monroe Housing Authority, Monroe, Louisiana. He has served as Executive of the Authority since 1976, and, prior to becoming Executive Director of the Authority, Frank was employed as the Director of the Monroe Redevelopment Agency. He has served as President of the Louisiana Housing Council, was a charter member of the Louisiana Housing Finance Agency and is currently the Chairman and Trustee of the Louisiana Housing Council Insurance Program. He has served on the HART Board since June 2004.

Tina Akers Brown - Executive Director of the Greensboro Housing Authority, Greensboro, North Carolina. Tina also served as Executive Director of the Fairmont Morgantown, West Virginia Housing Authority and as President of the West Virginia Association of Housing Agencies. Tina has been in the affordable housing industry for over 23 years. She has held numerous offices within SERC-NAHRO, including president, served on the NAHRO Board of Governors and has served on numerous NAHRO committees. She has served on the HART Board since March 2005.

Mark S. Ulfers - Executive Director of the Dakota County Community Development Agency (CDA). He has served as Executive Director of the agency for over 21 years and has been active in the housing industry for over 30 years. Mark has served on numerous local and national boards, including NAHRO Transpire and is a past president of the National Association of Local Housing Finance Agencies (NALHFA) and Minnesota NAHRO. He has served on the HART Board since March 2007.

Executive Secretary

David L. Smotherman - Executive Secretary of the Housing Agency Retirement Trust (HART). He has served as Executive Secretary since August 1998, and was formerly the Executive Director of the Decatur-DeKalb Housing Authorities, Decatur, Georgia for 32 years. He worked in housing and redevelopment for 37 years. He served as President of the Georgia Association of Housing and Redevelopment Officials, President of SERC-NAHRO, as Vice President of NAHRO Member Services and on the NAHRO Board for eight years. He served on the HART Board for 16 years.

Administrators

Mercer - The Plan Administrator is Mercer. Mercer is the world's largest employee benefits, compensation and human resources consulting firm. Their sister company, Mercer Investment Consulting, Inc. is one of the largest and most respected purveyors of investment consulting services in the world. Mercer Investment Consulting provides consulting services to the Trustees relative to the fixed income investments. Since inception of the Plan, Mercer or one of their merging partners has served as the Plan Administrator and provided investment consulting services to HART. Mercer is a wholly owned subsidiary of Marsh and McLennan Companies, Inc., which was founded in 1887.

ADP Retirement Services - ADP was founded in 1949 as a payroll processing business. ADP has evolved into the leader in payroll processing, and, a multifaceted corporation, including global currency and securities trading. William M. Mercer and ADP formed an alliance over eight years ago, at which time ADP assumed the responsibilities of record keeping for HART and other benefit plans. The ADP employees that administer HART's plan have been involved in the record keeping for HART for 24+ years, and, are known for the personal service that is provided to HART's participants. Clients on 6 continents now use ADP services. ADP Broker-Dealer, Inc. provides guidance and service to the Trustees as an Investment Consultant and in accordance with the adopted “Statement of Policy.” They review the effectiveness of the current investment structure; provide a report semiannually as to the (1) performance for each investment fund, (2) narrative detailing how that performance was achieved; and (3) suggested action plans, as appropriate. The investment consultant conducts a search to (1) add an additional option to the portfolio, and/or (2) terminate one or more of the current investment options from use by HART. The consultant is also charged with bringing all pertinent investment-oriented information to the Trustees as it gains access to such information.