COMPREHENSIVE HOUSING ASSISTANCE INC

SENIOR HOUSING: CHAI DESIGNS AND DEVELOPS SENIOR LIVING COMMUNITIES TO PROVIDE SAFE, SECURE, AND SERVICE- ENRICHED AFFORDABLE HOUSING FOR LOW-INCOME OLDER ADULTS. THIS HOUSING PROMOTES A SOCIAL AND COMMUNITY-ORIENTED ENVIRONMENT FOR SENIORS WHO ARE ABLE TO LIVE INDEPENDENTLY IN ADDITION TO HELPING MEET THE DEMAND FOR THIS TYPE OF HOUSING IN THE COMMUNITY AND BEYOND. CHAI IS ONE OF THE PREMIER DEVELOPERS OF SUCH HOUSING IN MARYLAND. SINCE 1994, CHAI, AS A DEVELOPER, IS ESTIMATED TO HAVE COMPLETED A TOTAL OF 1,789 UNITS IN 19 BUILDINGS, ONCE CONSTRUCTION IS COMPLETED ON THE NEW ENTITIES. SEVEN OF THESE PROJECTS ARE INDEPENDENT LIVING UNITS THAT WERE FINANCED PRIMARILY THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") SECTION 202 PROGRAM AND RECEIVE RENTAL SUBSIDY UNDER PROJECT RENTAL ASSISTANCE CONTRACTS. THEY ARE: O THE HARRY AND JEANETTE WEINBERG GARDENS AT BEDFORD, INC. ("WEINBERG GARDENS") (84 UNITS) O THE HARRY AND JEANETTE WEINBERG HOUSE, INC. ("WEINBERG HOUSE") (116 UNITS) O THE HARRY AND JEANETTE WEINBERG TERRACE, INC. ("WEINBERG TERRACE") (87 UNITS) O THE HARRY AND JEANETTE WEINBERG WOODS, INC. ("WEINBERG WOODS") (72 UNITS) O THE HARRY AND JEANETTE WEINBERG VILLAGE I, INC. ("VILLAGE I") (75 UNITS) O THE HARRY AND JEANETTE WEINBERG VILLAGE III, INC. ("VILLAGE III") (100 UNITS) O RENAISSANCE GARDENS, INC. ("RENAISSANCE GARDENS") (60 UNITS) ADDITIONALLY, THE HARRY AND JEANETTE WEINBERG PLACE, INC. ("WEINBERG PLACE") WAS ORIGINALLY FINANCED PRIMARILY THROUGH THE HUD SECTION 202 PROGRAM WITH A RENTAL ASSISTANCE CONTRACT. ON MAY 12, 2022, WEINBERG PLACE WAS SOLD TO NEW WEINBERG PLACE, LP ("NEW WEINBERG PLACE"), A RELATED PARTY, FOR A PURCHASE PRICE OF $19,200,000. THE PURCHASE PRICE WAS SATISFIED BY CASH AND THE PARTNERSHIP ENTERING INTO A SELLER NOTE PAYABLE TOTALING $16,690,000. ALL SEVEN OF THE REMAINING HUD-202 PROGRAM PROJECTS ARE OWNED BY SEPARATE NONPROFIT CORPORATIONS, BUT THE MAJORITY OF THEIR BOARD MEMBERS MUST ALSO BE MEMBERS OF CHAI'S BOARD OF DIRECTORS AND ALL ARE APPOINTED TO SERVE BY THE PRESIDENT OF CHAI. TEN PROJECTS WERE OR WILL BE FUNDED PRIMARILY THROUGH THE FEDERAL LOW-INCOME TAX CREDIT ("LIHTC") PROGRAM. THEY ARE: O THE HARRY AND JEANETTE WEINBERG VILLAGE II LIMITED PARTNERSHIP ("VILLAGE II") (85 UNITS) O THE HARRY AND JEANETTE WEINBERG VILLAGE IV LIMITED PARTNERSHIP ("VILLAGE IV") (100 UNITS) O THE HARRY AND JEANETTE WEINBERG VILLAGE V ("VILLAGE V") (86 UNITS) O THE MANHATTAN PARK APARTMENTS LIMITED PARTNERSHIP ("MANHATTAN PARK") (123 UNITS) O MANOR EAST LIMITED PARTNERSHIP ("MANOR EAST") (186 UNITS) O MANOR WEST LIMITED PARTNERSHIP ("MANOR WEST") (108 UNITS) O MANOR SOUTH LIMITED PARTNERSHIP ("MANOR SOUTH") (90 UNITS) O NEW WEINBERG PLACE (227 UNITS) O WOODLAND GARDENS II LIMITED PARTNERSHIP ("WOODLAND GARDENS II") (75 UNITS) O WOODLAND GARDENS I LIMITED PARTNERSHIP ("WOODLAND GARDENS I") (ESTIMATED 63 UNITS WHEN COMPLETED) THE EIGHTEENTH BUILDING, WEINBERG PARK ASSISTED LIVING (36 UNITS), PROVIDED ASSISTED LIVING UNITS THAT WERE FUNDED PRIMARILY WITH A LOAN FROM THE MARYLAND DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT AND DID NOT RECEIVE ANY GOVERNMENT OPERATING SUBSIDY. ON AUGUST 20, 2021, WEINBERG PARK WAS SOLD TO AN UNRELATED PURCHASER FOR $2,500,000, WHICH WAS USED TO REPAY THE PROJECT'S MORTGAGE, AND TO ESTABLISH A $900,000 ESCROW TO BE USED FOR SUBSIDIZING THE TRANSFERRING TENANTS UNDER THE NEW OWNERSHIP. THE NINETEENTH PROJECT, CHAI FALLSTAFF APARTMENTS, WAS A 13-UNIT MARKET RATE FACILITY, WHICH CHAI REDEVELOPED INTO A 16-UNIT AFFORDABLE FAMILY HOUSING RENTAL PROPERTY THAT PRIMARILY SERVES RESIDENTS WITH INCOMES AT OR BELOW 60% OF AREA MEDIAN INCOME ("AMI"). FOUR OF THE 16 UNITS ARE FOR SPECIAL NEEDS POPULATIONS, SERVING RESIDENTS AT OR BELOW 30% AMI. CHAI ESTABLISHED THE HOPED PROGRAM TO PROVIDE AFFORDABLE HOUSING FOR PEOPLE WITH CHRONIC MENTAL ILLNESS WHO EARN LESS THAN 60% OF THE AMI. THE RESIDENTS HAVE PROVEN THEIR ABILITY TO LIVE INDEPENDENTLY THROUGH CASE MANAGEMENT WORK, PREVIOUS INDEPENDENT LIVING, AND REFERRALS FROM A DOCTOR, THERAPIST OR CASE MANAGER. CHAI OWNS SIX HOUSES SERVING 20 RESIDENTS.

SENIOR HOME REPAIR AND BENEFITS PROMOTES INDEPENDENT LIVING BY PROVIDING HOME REPAIR AND SAFETY MODIFICATIONS TO OLDER HOMEOWNERS WHO LACK THE RESOURCES TO DO SO, WHILE SIMULTANEOUSLY PRESERVING THE QUALITY OF THE HOUSING STOCK IN NORTHWEST BALTIMORE CITY AND COUNTY. BENEFITS COUNSELORS PROVIDE HOME SAFETY ASSESSMENTS, CONNECT CLIENTS TO RESOURCES AND ASSIST WITH BENEFITS APPLICATIONS, ADVOCACY AND REFERRALS TO VARIOUS RESOURCES. CHAI MANAGES AND OPERATES EDWARD A. MYERBERG SENIOR CENTER, INC. ("THE MYERBERG CENTER"). THE MYERBERG CENTER OFFERS SOCIAL AND EDUCATIONAL PROGRAMMING TO ACTIVE OLDER ADULTS, BOTH ONSITE AND IN THE VIRTUAL CENTER. ON JULY 1, 2020, CHAI ASSUMED GOVERNANCE OF THE MYERBERG CENTER THROUGH ITS CONTROL OF THE COMPREHENSIVE HOUSING ASSISTANCE, INC. MYERBERG CENTER COMMITTEE ("CMC"), AND WORKS CLOSELY WITH THE MYERBERG CENTER BOARD OF DIRECTORS ON FINANCIAL MANAGEMENT, BUILDING OPERATIONS AND STRATEGIC PLANNING FOR THE CENTER. NORTHWEST NEIGHBORS CONNECTING ("NNC") IS A "VILLAGE" OF INTERDEPENDENT, DIVERSE, CARING INDIVIDUALS WHO COME TOGETHER TO CREATE A SUPPORTIVE COMMUNITY. NNC HAS APPROXIMATELY 120 DUES-PAYING MEMBERS. CHAI OFFERS BOTH GROUP AND INDIVIDUAL TRANSPORTATION OPTIONS FOR QUALIFYING OLDER ADULTS IN OUR SERVICE AREA AND TO RESIDENTS OF CHAI'S SENIOR LIVING COMMUNITIES. THE NORTHWEST SENIOR SHUTTLE PROVIDES FREE GROUP TRANSPORTATION, WHILE THE NEWLY RELAUNCHED CHAIWAY (OTG) TRANSPORTATION PROGRAM OFFERS PARTICIPANTS DISCOUNTED UBER AND LYFT RIDES. NORTHWEST SENIOR SHUTTLE: THE NEED FOR AFFORDABLE AND RELIABLE TRANSPORTATION INCREASES AS SENIORS AGE AND THE SKILLS AND ABILITIES ASSOCIATED WITH DRIVING DIMINISH. IN ADDITION, MANY OF THOSE WHO CAN STILL SAFELY OPERATE A VEHICLE ARE LOW-INCOME, LIVING ON FIXED INCOMES AND ARE UNABLE TO SUPPORT THE COSTS OF OWNING THEIR OWN VEHICLES. TO FILL THIS NEED, CHAI, IN PARTNERSHIP WITH ACTION IN MATURITY ("AIM"), A NONPROFIT ORGANIZATION LOCATED IN BALTIMORE CITY, OPERATES THE NORTHWEST SENIOR SHUTTLE ("NWSS"). NWSS IS AVAILABLE TO OVER 1,200 LOW-INCOME RESIDENTS OF CHAI'S SENIOR LIVING COMMUNITIES (BOTH SENIORS AND THE NONELDERLY DISABLED), AND 3,000 LOW- INCOME AND MODERATE INCOME SENIOR RESIDENTS WHO LIVE ALONG THE NORTHERN PARK HEIGHTS CORRIDOR ROUTE.