NEW YORK, December 10, 2009 — BNY Mellon Corporate Trust has been appointed trustee and paying agent for the Utah Housing Corporation's $18.88 million bond issue. Utah Housing Corporation and Wasatch Advantage Group will use the proceeds of the issue, which is one of the largest uses of Tax Credit Assistance Program (TCAP) funds in Utah, to build Florentine Villas, the largest affordable housing development in Utah to begin construction using funds issued through the American Recovery and Reinvestment Act of 2009.

In its role, BNY Mellon Corporate Trust will provide a variety of services for the debt issue, including processing principal and interest payments and maintaining bondholder records.

"We have become the provider of choice for the growing number of issuers who are looking to take advantage of the tools created by the American Recovery and Reinvestment Act," said Troy Kilpatrick, managing director and head of the Corporate and Municipal Finance Group within BNY Mellon Corporate Trust. "Through our expertise and experience in administering a wide range of bond financings, we are well equipped to support the Utah Housing Corporation as it finances a project that will provide affordable housing and create jobs in the City of Midvale."

BNY Mellon Corporate Trust services nearly $12 trillion in outstanding debt from 58 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.

Corporate trust providers are appointed by debt issuers as well as fund and collateral management institutions to perform a variety of services related to debt and collateral administration, safekeeping, direct cash and investment management, portfolio and transparency analytics, reporting, and final asset disposition and distribution activities.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.1 trillion in assets under custody and administration and $966 billion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.