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U.S. Bank’s Latest Partnerships with Habitat for Humanity Will Finance Construction of More Than 700 Homes in 18 States



  U.S. Bank’s Latest Partnerships with Habitat for Humanity Will Finance
  Construction of More Than 700 Homes in 18 States

Business Wire

MINNEAPOLIS -- December 19, 2012

The community development subsidiary of Minneapolis-based U.S. Bank and
Habitat for Humanity affiliates throughout the country are celebrating the
bank’s recent investments of nearly $19 million of tax credit equity made in
partnership with CEI Capital Management, LLC, Iowa Community Development,
Harbor Bankshares Corporation, and Smith NMTC Associates to help finance the
construction of 712 affordable homes in 18 states.

“We want all Americans to have access to quality, affordable housing,” said
Zack Boyers, chairman and chief executive officer of U.S. Bancorp Community
Development Corporation. “Working with partners like Smith NMTC, CCML, ICD,
Harbor Bank, and many others over the years to generate capital, leverage
sponsorship dollars raised by Habitat for Humanity affiliates, and increase
the affiliates’ building capacity is one important way that we are helping
make affordable housing available to more families.”

The investments are the latest in a series of similar funding commitments made
by U.S. Bank. Over the past five years, U.S. Bancorp Community Development
Corporation (USBCDC) has provided more than $80 million of New Markets Tax
Credit equity and leverage to support the development of Habitat for Humanity
homes in 30 states, working with St. Louis-based Smith NMTC Associates. Those
combined investments have helped finance a total of 2,975 homes across the
country. More detail about where those homes are located is provided below.

U.S. Bancorp, the parent company of U.S. Bank, has also supported Habitat for
Humanity through charitable contributions and low-interest loans, in addition
to the equity investments it makes through USBCDC. Since 2011, U.S. Bancorp
Foundation has contributed more than $650,000 to Habitat for Humanity
affiliates across the United States and provided another $23,000 in matching
gifts. During that same timeframe, the company provided nearly a dozen loans
to Habitat for Humanity affiliates worth more than $6 million.

U.S. Bancorp employees also regularly partner with Habitat for Humanity
affiliates to help build and rehabilitate properties that will provide safe
housing for families in need. Since January 2011, nearly 1,000 U.S. Bank
employees have volunteered 9,168 hours serving Habitat for Humanity affiliates
across the country. Recently, 65 U.S. Bank employees volunteered more than 500
hours working with Habitat for Humanity of Greater Los Angeles to help build
two new homes and rehabilitate properties that will provide safe housing for
families in the Greater Los Angeles area.

“U.S. Bancorp has been a valuable partner for Habitat for Humanity because
they not only recognized a need for decent and affordable shelter in this
country, they stepped up and are doing something to address it,” said Erin
Rank, President & CEO of Habitat for Humanity of Greater Los Angeles. “Thanks
to their efforts, our organization is able to help more hardworking families
purchase homes that are safe and affordable, and that will have a positive
impact on these families for generations to come.”

In October, U.S. Bancorp received the Financial Supporter of the Year award at
the Southern California Association of NonProfit Housing (SCANPH) conference
in Los Angeles, in part for its participation in the Greater Los Angeles
“Build Day.” U.S. Bancorp was honored for its support of organizations that
encourage the purchase, preservation, rehabilitation, and construction of
affordable housing through direct lending, tax credit investments, partnership
with investment lending programs, grants or volunteer support of affordable
housing nonprofits in Southern California, and particularly for its work in
Los Angeles.

Other Habitat for Humanity affiliates that have benefitted as a result of U.S.
Bancorp’s investment since 2008 include:

Alabama            Habitat for Humanity of Greater Birmingham, Inc. (AL) – 107
                   homes
                   Habitat for Humanity of Southwest Alabama (AL) – 44 homes
                    
Arizona            Habitat for Humanity Central Arizona (AZ) – 15 homes
                   Habitat for Humanity Tucson, Inc. (AZ) – 28 homes
                    
California         Habitat for Humanity Greater San Francisco, Inc. (CA) – 53
                   homes
                   Habitat for Humanity East Bay/Silicon Valley (CA) – 94
                   homes
                   Sacramento Habitat for Humanity, Inc. (CA) – 52 homes
                   Habitat for Humanity of Greater Los Angeles (CA) –14 homes
                   Habitat for Humanity of Orange County, Inc. (CA) – 30 homes
                    
Colorado           Habitat for Humanity of Metro Denver, Inc. (CO) – 67 homes
                    
Connecticut        Habitat for Humanity of Coastal Fairfield County (CT) – 14
                   homes
                   Hartford Area Habitat for Humanity (CT) – 24 homes
                   Habitat for Humanity of Greater New Haven, Inc. (CT) – 15
                   homes
                    
Delaware           Habitat for Humanity of New Castle County, Inc. (DE) – 41
                   homes
                    
Florida            Habitat for Humanity of Greater Miami, Inc. (FL) – 248
                   homes
                   Habitat for Humanity of Pinellas County, Inc. (FL) – 37
                   homes
                   Highlands County Habitat for Humanity Inc. (FL) – 124 homes
                   Indian River County Habitat for Humanity, Inc. (FL) – 92
                   homes
                    
Indiana            Habitat for Humanity of Evansville, Inc. (IN) – 48 homes
                    
Iowa               Cedar Valley Habitat for Humanity (IA) – 19 homes
                   Siouxland Habitat for Humanity (IA) – 24 homes
                   Greater Des Moines Habitat for Humanity, Inc. (IA) – 56
                   homes
                   Heartland Habitat for Humanity (IA) – 27 homes
                   Iowa Valley Habitat for Humanity (IA) – 9 homes
                    
Louisiana          Bayou Area Habitat for Humanity (LA) – 9 homes
                   Habitat for Humanity St. Tammany West (LA) – 42 homes
                    
Maryland           Chesapeake Habitat for Humanity (MD) – 82 homes
                   Habitat for Humanity of the Chesapeake, Inc. (MD) – 94
                   homes
                   Sandtown Habitat for Humanity (MD) – 16 homes
                    
Michigan           Habitat for Humanity Detroit (MI) – 20 homes
                   Habitat for Humanity of Kent County, Inc. (MI) – 23 homes
                    
Missouri           Habitat for Humanity Saint Louis (MO) – 77 homes
                    
Mississippi        Habitat for Humanity Metro Jackson, Inc. (MS) – 54 homes
                   Habitat for Humanity of the Mississippi Gulf Coast, Inc.
                   (MS) – 131 homes
                    
Nebraska           Habitat for Humanity of Omaha, Inc. (NE) – 65 homes
                    
New Jersey         Paterson Habitat for Humanity, Inc. (NJ) – 21 homes
                    
North Carolina     Chatham Habitat for Humanity (NC) – 20 homes
                   Habitat for Humanity of Durham, Inc. (NC) – 158 homes
                   Habitat for Humanity Wake County (NC) – 41 homes
                    
Ohio               Cincinnati Habitat for Humanity (OH) - 38 homes
                   Habitat for Humanity of Cleveland, Inc. (OH) – 31 homes
                    
Oklahoma           Central Oklahoma Habitat for Humanity, Inc. (OK) – 143
                   homes
                    
Oregon             Habitat for Humanity Portland/Metro East (OR) – 92 homes
                    
Pennsylvania       Habitat for Humanity Philadelphia, Inc. (PA) – 9 homes
                   Habitat for Humanity of Bucks County, Inc. (PA) –14 homes
                    
Tennessee          Habitat for Humanity of Greater Memphis, Inc. (TN) – 200
                   homes
                   Habitat for Humanity of Greater Nashville (TN) – 17 homes
                   Loudon County Habitat for Humanity, Inc. (TN) – 18 homes
                    
Texas              Austin Habitat for Humanity (TX) – 23 homes
                    
Virginia           Habitat for Humanity of Greater Charlottesville, Inc. (VA)
                   – 29 homes
                   Rockbridge Area Habitat for Humanity, Inc. (VA) – 7 homes
                    
West Virginia      Almost Heaven Habitat for Humanity, Inc. (WV) – 38 homes
                    
Washington, D.C.   Habitat for Humanity of Washington, D.C., Inc. (DC) – 17
                   homes
                    
Washington         Habitat for Humanity – Spokane (WA) –35 homes
                   Habitat for Humanity of East Jefferson County (WA) – 33
                   homes
                   Habitat for Humanity of Seattle/South King County (WA) – 17
                   homes
                   Tacoma/Pierce County Habitat for Humanity (WA) – 61 homes
                    
Wisconsin          Milwaukee Habitat for Humanity (WI) – 18 homes
                    

About U.S. Bancorp Community Development Corporation (USBCDC)
With more than $10.2 billion in assets, St. Louis-based USBCDC, a subsidiary
of U.S. Bank, provides innovative financing solutions for community
development projects across the country using state and federally sponsored
tax credit programs. USBCDC's commitments provide capital investment to areas
that need it the most and have contributed to the creation of new jobs, the
rehabilitation of historic buildings, the construction of needed affordable
and market-rate homes, the development of renewable energy facilities, and the
generation of commercial economic activity in underserved communities. Visit
USBCDC on the web at usbank.com/cdc.

About U.S. Bancorp
Minneapolis-based U.S. Bancorp (NYSE: USB), with $352 billion in assets as of
September 30, 2012, is the parent company of U.S. Bank National Association,
the 5th largest commercial bank in the United States. The Company operates
3,086 banking offices in 25 states and 5,080 ATMs and provides a comprehensive
line of banking, brokerage, insurance, investment, mortgage, trust and payment
services products to consumers, businesses and institutions. U.S. Bancorp and
its employees are dedicated to improving the communities they serve, for which
the company earned the 2011 Spirit of America Award, the highest honor
bestowed on a company by United Way. Visit U.S. Bancorp on the web at
usbank.com.

Contact:

U.S. Bancorp
Nicole Garrison-Sprenger, 612-303-0731
U.S. Bank Public Relations
nicole.sprenger@usbank.com
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