TELACU HOUSING-MONTEREY HILLS INC

TELACU HOUSING - MONTEREY HILLS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 100 UNIT COMMUNITY KNOWN AS TELACU VISTAS DEL SOL LOCATED IN THE CITY OF LOS ANGELES, CALIFORNIA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE PAYMENTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.