HARRISON STREET SENIOR HOUSING CORP

THE SPECIFIC AND PRIMARY PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE TO (1) PROVIDE AFFORDABLE HOUSING FOR LOW INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS; (2) PROVIDE DECENT, SAFE AND SANITARY HOUSING FOR LOW INCOME PERSONS; (3) ASSIST LOW INCOME HOUSEHOLDS BY ENABLING THEM TO SECURE THE BASIC HUMAN NEED OF DECENT SHELTER; AND (4) PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR ECONOMIC, PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER INDEPENDENT LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS; AND (5) ACT AS THE GENERAL PARTNER OF A LIMITED PARTNERSHIP TO OWN ONE OR MORE AFFORDABLE HOUSING DEVELOPMENTS.