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        <PersonNm>JAMES RIZZO</PersonNm>
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        <PersonNm>EILEEN RAMAGE</PersonNm>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>NHC'S PERSONNEL ARE EMPLOYED BY THE NATIONAL ASSOCIATION OF HOME BUILDERS OF THE UNITED STATES (NAHB), A RELATED 501(C)(6) EXEMPT ORGANIZATION. THAT ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR NHC'S CEO: COMPENSATION COMMITTEE; INDEPENDENT COMPENSATION CONSULTANT; WRITTEN EMPLOYMENT CONTRACT; COMPENSATION SURVEY OR STUDY; APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PLEASE SEE THE FORM 990 FOR NAHB FOR ADDITIONAL INFORMATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART V, LINE 3B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CORPORATION, A 501(C)(2) TITLE HOLDING COMPANY, FILES A CONSOLIDATED 990-T WITH THE NATIONAL ASSOCIATION OF HOME BUILDERS, ITS SOLE MEMBER.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE NATIONAL ASSOCIATION OF HOME BUILDERS OF THE UNITED STATES (NAHB) IS THE SOLE MEMBER OF THE NATIONAL HOUSING CENTER CORPORATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS IS COMPOSED OF THE CHAIRMAN, THE FIRST VICE-CHAIRMAN, THE SECOND VICE-CHAIRMAN, THE THIRD VICE-CHAIRMAN, AND THE IMMEDIATE PAST CHAIRMAN OF THE BOARD OF NAHB.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>SOME ACTIONS MAY NOT BE TAKEN BY THE CORPORATION'S BOARD OF DIRECTORS EXCEPT UPON THE APPROVAL OF ITS SOLE MEMBER, THE NATIONAL ASSOCIATION OF HOME BUILDERS: 1. LOANS, LOAN GUARANTEES, OR PLEDGES OF ASSETS 2. INITIATE ANY AFFILIATED BUSINESS VENTURES 3. ANY ACTIONS THAT MAY BE RESERVED TO THE MEMBER BY OPERATION OF LAW</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 8B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CORPORATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF ITS GOVERNING BODY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>NHCC'S FORM 990 IS REVIEWED BY ITS CEO, ITS CFO, AND TOP MANAGEMENT BEFORE IT IS FILED. COPIES OF THE 990 ARE MADE AVAILABLE TO THE NHCC BOARD BEFORE THE RETURN IS FILED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE NATIONAL ASSOCIATION OF HOME BUILDERS, THE EMPLOYER OF THE CORPORATION'S TOP MANAGEMENT OFFICIAL, USES THE FOLLOWING IN DETERMINING THE COMPENSATION OF THAT INDIVIDUAL: ANALYSIS AND REVIEW BY AN INDEPENDENT CONSULTANT WHO UTILIZES COMPARABILITY DATA AS PART OF HIS STUDY AND REVIEW. THE COMPENSATION COMMITTEE THEN DELIBERATES ON COMPENSATION AND INCREASES, AND KEEPS A CONTEMPORANEOUS RECORD OF ITS DELIBERATIONS. THE SAME PROCEDURE IS FOLLOWED FOR OTHER OFFICERS AND KEY EMPLOYEES, UTILIZING THE SAME REVIEW AND COMPARABILITY DATA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION DOES NOT TYPICALLY MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINES 12-14:</FormAndLineReferenceDesc>
        <ExplanationTxt>NATIONAL HOUSING CENTER IS THE TITLE HOLDING COMPANY AFFILIATE OF THE NATIONAL ASSOCIATION OF HOME BUILDERS (NAHB). AS SUCH, IT DOES NOT HAVE ANY CONFLICT OF INTEREST, WHISTLEBLOWER, OR DOCUMENT DESTRUCTION POLICIES OF ITS OWN. HOWEVER, IT FOLLOWS NAHB'S POLICIES AND PRACTICES IN THIS REGARD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>CONTRACT SERVICES 344,633. CONTRACT LABOR 547,665.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE AUDIT REVIEW PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
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          <CityNm>WASHINGTON</CityNm>
          <StateAbbreviationCd>DC</StateAbbreviationCd>
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        </USAddress>
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</Return>