WAKELAND OPPORTUNITES FOR AFFORDABLE

THE CORPORATION IS ORGANIZED TO ASSIST AND SUPPORT ITS AFFORDABLE HOUSING ACTIVITIES, WITH AN EMPHASIS ON DEVELOPMENT, CONSTRUCTION AND OPERATION OF DECENT, SAFE AND SANITARY HOUSING AND RELATED SERVICES WHERE AN INADEQUATE SUPPLY OF HOUSING EXISTS FOR SUCH PERSONS AND ASSISTING LOW-INCOME AND MODERATE-INCOME HOUSEHOLDS BY PROVIDING OR FACILITATING SOCIAL, EDUCATIONAL AND OTHER SERVICES THAT IMPROVE THEIR QUALITY OF LIFE AND SELF-SUFFICIENCY. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED TO QUALIFY AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) UNDER THE CRANSTON-GONZALEZ NATIONAL AFFORDABLE HOUSE ACT OF 1990, AS AMENDED, AND AS DEFINED IN 24 CODE OF FEDERAL REGULATIONS SECTION 92.2.