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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. THROUGH THE PURCHASE OF DEFAULTING MORTGAGE NOTES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABILIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY. |
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