$95.2M in expenses

The primary purpose of the corporation is to foster low- and moderate-income housing ("affordable housing") by acquiring, owning,developing, constructing, sponsoring, managing, improving (through rehabiliation, new construction or otherwise) and making available rental and homeownership housing at an affordable cost to low- and moderate-income families and persons without discrimination on any basis that is prohibited under the constitution of the united states, and to stimulate, by example or otherwise, the renovation and improvement of properties, and generally to promote neighborhood improvement for the benefit of persons and families of low- and moderate-income, and for elderly, disabled, and other disadvantaged persons who desire to live and raise their families in safe, sanitary and attractive homes and neighborhoods, and to undertake such other programs related thereto as are consistent with the status of the corporation as an exclusively charitable organization, including thefollowing activities and programs:1)to research, discover and develop methods of financing, home improvement, rehabilitation and new construction which may be of assistance to low- and moderate- income families and persons, including without limitation, the planning and execution of demonstration orexperimental affordable housing projects;2)to engage in the development, construction and long-term management of affordable housing, mixed-income housing and community development projects;3)to help neighborhood leaders, residents and institutions in obtaining and utilizing (i)the financial backing of individuals, charitable trusts and institutions, (ii)the advice of experts in the real estate, banking and construction fields, and (iii) support from community leaders and government agencies and officials;4)to provide facilities, personnel and funds for studies, surveys and demonstration plans leading to effective housing improvements of the goals of the corporation to be carried out by private and public institutions and agencies;5)to make outright grants or loans of all or any part of its funds or property, with or without interest, in furtherance of or in connection with the objectives of the corporation;6)to engage in such other charitable, educational or scientific activities as the corporation may from time to time determine;7)to solicit, receive and acquire by purchase, gift, devise, bequest, lease or in any other many manner to own, hold, use, maintain, improve and operate, and to sell, lease, convey and otherwise dispose of any buildings, money or other property, real or personal, in furtherance of any of the foregoing charitable, educational or scientific purposes;8) to arrange financing for its own and other nonprofit sponsored affordable housing and community development projects by applying for and implementing loans, lines of credit, grants, investments and other private or governmental resources;9) to provide facilities, personnel and funds in support of programs and services that will help residents and neighborhoods to achieve improved educational, personal, social and economic outcomes essential to individual and household success and community wealth and well-being; and10)to do any and all things directly or indirectly related to any of the foregoing educational, scientific, or charitable purposes.