Mission
THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE TO PROMOTE LOW AND MODERATE INCOME HOUSING AND TO PROVIDE HOUSING OPPORTUNITIES FOR THE DISADVANTAGED, THE ELDERLY AND LOW INCOME FAMILIES; TO CONSULT WITH OTHER PERSONS AND CORPORATIONS TO ENCOURAGE SUCH GOALS, AND OTHER CHARITABLE GOALS TO SPONSOR PROJECTS, OR OTHER CHARITABLE 501(C)(3) ORGANIZATIONS WHERE APPROPRIATE, AND TO DEVELOP ENDOWMENT FUNDS AND GRANTS, OR CONTRIBUTIONS INCLUDING FOR SUCH PURPOSES, OR SPONSOR ORGANIZATIONS FOR THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. THE CORPORATION IS FORMED EXCLUSIVELY FOR THE PURPOSE OF ASSISTING AND ENGAGING IN ALL ACTIVITIES WHICH SERVE EDUCATIONAL, RELIGIOUS, CHARITABLE OR SCIENTIFIC PURPOSES, WHICH ARE PERMITTED BY THE ACT, AND WHICH ARE PERMITTED TO BE CARRIED ON BY AN ORGANIZATION EXEMPT FROM FEDERAL TAXATION UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE CODE.