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7;06 /yleit'7-- 3 MidPen I H O U S I N G Backgrounder/Fact Sheet April2011 MidPen Housing was founded in 1970 by a small but influential coalition of Silicon Valley entrepreneurs, Stanford University faculty and other community leaders who were concerned over the lack of affordable housing on the San Francisco Bay Area Peninsula. Since then, MidPen has greatly expanded its reach and is one of Northern California's leading non-profit developers and managers of affordable rental housing with a robust and diverse portfolio. Mission To provide safe, affordable housing of high quality to those in need;to establish stability and opportunity in the lives of residents;and to foster diverse communities that allow people from all ethnic, social and economic backgrounds to live in dignity, harmony and mutual respect. Organization MidPen operates through three distinct companies that work closely together, to manage corporate activities and partnerships: MidPen Housing Corporation drives all of the development efforts including property acquisition, planning, design, construction, historic renovation and existing property rehabilitation. It also serves as the corporate umbrella and houses all administrative functions: Finance, HR and IT. MidPen Property Management Corporation provides professional property management for all of our own developments as well as fee-based management for other non—profit affordable housing communities. MidPen Resident Services Corporation provides and coordinates onsite support programs to help our residents advance which include: computer and vocational training, tutoring and other afterschool programs, financial literacy classes, health and wellness programs and community referrals. , Key Facts > Developed or rehabbed more than 6,600 affordable homes > An additional 2,038 affordable homes are in construction.entitlement or predevelopment > Manage 87 properties with a total of nearly 5,400 units providing homes for more than 13,500 - r_- Northern California residents > Manage affordable real estate assets worth well over$1 billion 1 I > Invest$3 million annually in resident services and partner with over 300 service providers ri_ > 65%of our units house families;25%house seniors;6%house single adults(in SRO ` — •. u ,- v= -I housing)and 4%serve people with special needs . tica P F ous g)a p p p --:> ._ ,- > Work in 10 counties:Alameda,Contra Costa, Monterey, Napa,San Mateo,Santa Clara, " i Santa Cruz,Solano,Yuba and San Benito. Bit ilri ; A > Have received nearly 100 industry awards and honors for our work > Employ over 300 people