CALIFORNIA AFFORDABLE HOUSING ASSOCIATION

The general character of the business of the corporation is to identify, acquire, own, develop, construct, rehabilitate, renovate, improve, maintain, finance, manage, operate, lease, sell, convey, assign, mortgage or otherwise deal with real estate and other assets in order to develop and preserve decent, safe and affordable housing and rental housing for low-income individuals and tenants, to be a member, shareholder or partner (general or limited) of any entity engaged in the foregoing activities, to engage in any other business related or useful in connection therewith, and to otherwise engage in any lawful act or activity for which a domestic nonprofit public benefit corporation may be organized under the laws of the State of California.