Cda Housing Inc.

“Company accountant reviews the information on the 990 before it is submitted for e-filing.”

“Governing documents are made available upon request.”

“The corporation is organized exclusively for charitable, educational and scientific purposes, and exclusively to carry out the following purposes: 1. Provide decent, safe and sanitary housing and other assistance related to affordable low-income housing and basic human needs for decent shelter to those in need and the disadvantaged as well as to engage in any other lawful act or activity for which the corporation may be organized under the non-profit corporation law of the state of michigan. 2. Develop and maintain safe, affordable housing for low-income persons in the states of michigan, wisconsin and illinois. 3. Purchase, obtain donations of, and accept ownership of existing rental housing properties and, if applicable and appropriate, to assume existing mortgages and associated indebtedness of said properties and/or obtain other financing and operate said property as affordable low-income housing. 4. Provide such educational, supportive and referral services to low-income persons as may be necessary and appropriate to the accomplishment of the provision of affordable, low-income housing. 5. To do any and all lawful activities which may be necessary, useful or desirable for the furtherance, accomplishment, fostering or attainment of the foregoing purposes, either directly or indirectly, and either alone or in conjunction or cooperation with others, whether such others be persons or organizations of any kind or nature, such as corporations, firms, associations, trusts, institutions, foundations, or governmental bureaus, departments, or agencies.”

“Cda housing, inc. Is involved with the following projects as of december 31, 2021: 1)taft homes 4% was donated to cda housing, inc. From peoria housing auhtoirty for 0. Cda housing serves as the sponsor for an illinois affordable housing tax credit transaction for a 60-unit development in peoria, il, known as taft re-development - 4% lihtc. Cda housing then sold the property to taft 4 redevelopment, llc for fair market value and, in turn, received a seller note for 3,750,000, which payments is subject to available cash flow. 2)union court was donated to cda housing, inc. Cda housing then sold the property to union court mf, llc for fair market value and, in turn, received a seller note for 1,000,000, which payments is subject to available cash flow. 3)per the appraisal completed by novogradac, the current as-is value is 4,000,000 vs the original acquisition value of 1,465,000. Bear bargain sold its interest in the ownership entity (chase o'fallon, llc) for 1,465,000 to cda housing, inc. Which generated a donation of 2,535,0000. Illinois housing devleopment authority provides reservation and certifcation for donation tax credits equal to 50% of the donation's value or 1,267,500. The nfp (cda housing, inc) sold the property to the new owner entity (chevy rehabilitation, llc) for a combo of 1,465,000 cash and a seller note. The donation tax credit certificate was assigned to cda housing, who then transferred the certificate to us bank in exchange for 0.89 per credit. Cda then loaned the proceeds received from us bank to chevy rehabilitation, llc so that the funds can be used to rehabilitate the property.”

“CONTRIBUTIONS 822,768”