Hall Commons Inc.

HALL COMMONS, INC. was organized as a non-profit corporation in the State of Connecticut on April 9, 2001. As a non-profit corporation, no part of HALL COMMONS, INC.'s income or loss may accrue to the benefit of any members, director, officer or private individual. HALL COMMONS, INC., is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code.HALL COMMONS, INC.'s purpose is to provide housing to low-income, eligible senior citizens. The Project was completed on December 31, 2006 and consists of a 41 unit apartment complex located in Bridgeport, Connecticut. Occupancy (rental of units) began on February 1, 2007. Construction of the facility was funded by a U.S. Department of Housing and Urban Development (HUD) capital advance under the provisions of Section 202 and a grant from the State of Connecticut Department of Economic and Community Development (DECD). In return for the funding, HUD and DECD require the organization to maintain the project as low-inco