Item 1.01 Entry into a Material Definitive Agreement.

On June 26, 2009, the registrant executed a First Amendment of the Fourth Amended and Completely Restated Loan Agreement dated as of February 23, 2007 by and among Synovus Bank (formerly, United Bank and Trust), MMA Capital Corporation, MMA Mortgage Investment Corporation, MMA Construction Finance, LLC, Municipal Mortgage & Equity, LLC, MMA Financial Holdings, Inc. and MMA Financial, Inc. (formerly, MuniMae Investment Services Corporation)(the "Agreement"). Among other things, this First Amendment (i) reduces the credit limit under the Agreement from $100 million to $41,772,096 and permits no new borrowings by the registrant under the Agreement; (ii) extends the Maturity Date to November 30, 2010, and extends existing letters of credit through the Maturity Date; and (iii) eliminates the financial reporting covenants of the Agreement, and limits financial reporting to management-prepared unaudited annual financial statements.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

10.01 First Amendment dated June 26, 2009 of the Fourth Amended and Completely Restated Loan Agreement dated as of February 23, 2007 by and among Synovus Bank (formerly, United Bank and Trust), MMA Capital Corporation, MMA Mortgage Investment Corporation, MMA Construction Finance, LLC, Municipal Mortgage & Equity, LLC, MMA Financial Holdings, Inc. and MMA Financial, Inc. (formerly, MuniMae Investment Services Corporation).

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