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135259170v4 A-1 EXHIBIT A MULTI-FAMILY RENTAL HOUSING PROGRAM OF THE CITY OF LITTLE CANADA, MINNESOTA FOR RIDE APARTMENTS PROJECT November 13, 2024 Proposal; Authority. The City of Little Canada, Minnesota (the “City”), at the request of the Borrower (defined below), proposes to issue revenue notes, in one or more series, to assist in financing the acquisition and construction of a multi-family rental senior housing project described herein (this “Program”) pursuant to applicable authority conferred upon the City by the laws of the State of Minnesota, including without limitation Minnesota Statutes, Chapter 462C and Chapter 474A, as the same may be amended from time to time (collectively, the “Act”). Purposes. In creating this Program, the City is acting in furtherance of its findings that the preservation of the quality of life in the City is in part dependent upon the maintenance and provision of adequate, decent, safe, sanitary, and affordable housing stock; that accomplishing the goals of this Program is a public purpose and will benefit the residents of the City; that the need exists within the City to provide in a timely fashion additional affordable rental housing to and for the benefit of low and moderate income seniors and their families residing and expected to reside within the City; that there exist or are expected to exist seniors and their families within the City who are and will be able to benefit from and are in need of the Program; that the Program is necessary in view of the limited resources that may be available to such persons relative to the expenses involved in accomplishing the type of objectives outlined in this Program in the absence of one or more of the forms of assistance described herein or otherwise available pursuant to the Act; and that the City hereby finds that such forms of assistance are often necessary for the benefit of such persons and goals and that, furthermore, the successful implementation of the objectives of the kind described in this Program has been found to provide impetus for the development of other housing in the City, as well as the general development of the City, by other persons who are not the beneficiaries of such governmentally sponsored or assisted activities. Rental Housing Purposes. More particularly, the City finds that there exists a need for affordable multi-family rental housing for qualifying families, which need is not being filled by private enterprise alone due to a variety of factors, including that the cost of new construction of multi-family rental units may in many cases prove economically unfeasible, given the high costs of construction and prevailing area rental levels, and that, therefore, appropriate levels of public assistance may be helpful and necessary in bridging that gap. General Description of the Program. This Program consists of the financing of the acquisition and construction of an approximately 235,428 rentable square-foot housing apartment community that will consist of an approximately 160-unit multifamily housing development known as Ride Apartments (the “Project”). The owner of the Project pursuant to