Mission
MIRACLE MILE SENIOR CITIZEN HOUSING CORPORATION, A CALIFORNIA NONPROFIT CORPORATION, WAS FORMED TO OWN A 28-UNIT RENTAL HOUSING PROJECT FOR THE ELDERLY LOCATED IN LOS ANGELES, CALIFORNIA. THE OPERATIONS OF THE PROJECT BEGAN DECEMBER 1, 1994. THE CORPORATION IS OPERATED UNDER SECTION 202 OF THE HOUSING ACT OF 1959. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, WHICH GOVERNS THE OPERATION OF THE PROECT WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.