Community Housing Inc.

“The organization together with its affiliated organizations entered into a memo of understanding with covia communities, april 1, 2008 whereas covia communities assigned covia affordable communities to provide certain administrative, accounting, fundraising and other general management services and employment of personnel on a shared basis.”

“Covia affordable communities, a california nonprofit public benefit corporation is the sole member of community housing, inc.”

“Covia affordable communities has the right to appoint and remove a majority directors of the community housing (ch) board, provided that covia affordable communities shall only make appointments to the ch board from the nominees of the ch nominating committee.”

“Community housing (ch) bylaws may only be amended upon (a) the approval of a majority of the ch board and (b) the approval of covia affordable communities, as ch's sole corporate member.”

“The cfo, management personnel, board of directors and finance committee of community housing, inc. Review the 990 information return before filing with the internal revenue service.”

“Officers and board members are asked on an annual basis if there are any activities and/or affiliations that would pose a conflict with their ability to serve on the board or items that they will need to recuse themselves from voting.”

“Compensation of all employees of community housing, inc. (chi) is paid by its parent corporation, covia affordable communities, and then allocated to chi and various other related organizations based on where work is performed. W2s/w3s are issued by covia affordable communities. Senior management employees listed in part vii are employees of covia communities, a related organization. They are paid and issued w-2s by covia communities; however, their compensation is allocated to various related organizations including community housing, inc. Based on where their work is performed. Covia communities uses an independent consultant who analyzes and reports on reasonability of compensation every two years. The consultant is independent of management and reports directly to the chairman of the board. The consultant reviews and provides a report on any issues with the compensation the ceo and/or the cfo receive including any issues around excess compensation. Additionally, all key executives compensation are reviewed by the consultant. This review includes total cash compensation and benefits including retirement plans. Every year, the vice president of human resource reviews the compensation for all management against market analysis guidelines and recommends changes. This review also includes a test of benefits against similar companies.”

“The governing documents, conflict of interest policy, and financial statements are available to the public upon request.”