RIDGE VIEW COMMONS - CONSTRUCTION LOAN

II. PURPOSES This corporation is a nonprofit public benefit corpo- ration and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law for charitable and public purposes. The charitable and public purposes for which the corporation is organized include, but are not limited to, the following: 1. To provide housing for low and moderate income families, or families displaced from urban renewal areas, or as a result of governmental action, or as a result of a major disaster, where no adequate housing exists for such groups, pursuant to Sections 221(d)(3) and (4) of the National Housing Act, as amended; 2. To qualify and act in the capacity of Rehabilitation Sales Mortgagor under the provisions of Section 221(h) of the National Housing Act, as amended; 3. To provide elderly and /or handicapped persons with housing facilities and services specially designated to meet their physical, social and psychological needs, and to promote their health, security, happiness and usefulness in longer living, the charges for such facilities and services to be predicated upon the provision, maintenance and operation thereof on a nonprofit basis pursuant to Section 202 of the Housing Act of 1959, as amended; 4. To purchase, construct, rehabilitate, develop and sell housing to low income individuals and families in Alameda County, California; 5. To provide technical, organizational and financial counselling to low income individuals and groups wishing to develop housing projects in Alameda County, Cali- fornia; 6. To encourage participation by private enter -, prise in development of housing for low income groups and individuals; 7. To promote cooperation among low income groups, public agencies and private industry in achieving decent housing for all those in need in Alameda County, California; and, 8. To undertake housing projects generally for low income individuals and families, under occupant ownership, -2-