AHA DEVELOPMENT CORPORATION

AHA DEVELOPMENT CORPORATION IS FORMED FOR THE PURPOSE OF CONDUCTING ACTIVITIES WHICH ARE EXCLUSIVELY CHARITABLE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954, AS MAY BE AMENDED FROM TIME TO TIME, INCLUDING RELIEF OF THE POOR, DISTRESSED AND UNDERPRIVILEGED, AND PROMOTION OF SOCIAL WELFARE TO LESSEN COMMUNITY TENSION, ELIMINATE PREJUDICE AND DISCRIMINATION, AND COMBAT COMMUNITY DETERIORATION, SPECIFICALLY, THE BUSINESS PURPOSE TO ACHIEVE THE PUBLIC OR QUASI-PUBLIC OBJECTIVE OF PROVIDING ON A NOT-FOR-PROFIT BASIS, DECENT, AFFORDABLE HOUSING AND RELATED COMMUNITY SERVICES AND FACILITIES SPECIFICALLY DESIGNED TO MEET THE NEEDS AND REQUIREMENTS OF LOW INCOME FAMILIES AND INDIVIDUALS, BY DEVELOPING, ACQUIRING, CONSTRUCTING, RENOVATING, OPERATING, MAINTAINING, AND IMPROVING RENTAL HOUSING AND HOME OWNERSHIP OPPORTUNITIES FOR LOW INCOME FAMILIES AND INDIVIDUALS.