BAY AREA HOUSING CORPORATION

PROPERTY MANAGEMENT - IN COOPERATION WITH THE DEPARTMENT OF DEVELOPMENTAL SERVICES, SAN ANDREAS REGIONAL CENTER ("SARC") AND GOLDEN GATE REGIONAL CENTER ("GGRC"), BAHC HAS DEVELOPED A WELL-RESPECTED HOUSING ORGANIZATION WITH A FINANCIALLY SUSTAINABLE PORTFOLIO.BAHC CURRENTLY OWNS 53 SCATTERED SITE, SINGLE FAMILY HOMES IN THE BAY AREA. HOMES WILL PROVIDE PERMANENT HOUSING OPPORTUNITIES FOR A VULNERABLE AND OFTEN INVISIBLE PART OF ITS COMMUNITY. CURRENT CAPACITY PROVIDES SPECIALIZED HOUSING FOR UP TO 214 INDIVIDUALS AT ANY ONE TIME. OVER THE YEARS, BAHC'S HOMES HAVE BEEN A SAFE, SUPPORTIVE HOME FOR AN ESTIMATED 400 PEOPLE, AND WILL CONTINUE TO BE A COMMUNITY RESOURCE INTO THE FUTURE. (CONTINUED ON SCHEDULE O)CASA MILAGRO - IN 2007, BAHC FORMED A LIMITED LIABILITY COMPANY, CASA MILAGRO, LLC. THIS LLC HOLDS THE 32 HOMES ACQUIRED UNDER THE BAY AREA HOUSING PLAN, BETWEEN 2003 AND 2011. THESE PROPERTIES WERE REFINANCED WITH A 15-YEAR BOND ISSUED IN 2011.MAS MILAGROS - IN 2010, BAHC FORMED ANOTHER LIMITED LIABILITY COMPANY, MAS MILAGRO, LLC. THIS LLC HOLDS 4 PROPERTIES, ACQUIRED BETWEEN 2011 AND 2015. THESE PROPERTIES HAVE "FORGIVABLE" LOANS FROM CITY AND COUNTY OF SANTA CLARA, AND ARE ENCUMBERED BY RESTRICTIVE COVENANTS. SIMPLE INTEREST IS ACCRUED. ANNUAL PAYMENTS AGAINST INTEREST ARE MADE IN ACCORDANCE WITH TERMS.COMMUNITY PLACEMENT PLAN ("CPP") PROPERTIES - CPP HOLDS 17 PROPERTIES ACQUIRED UNDER THE COMMUNITY PLACEMENT PLAN, BETWEEN FISCAL 2016 AND 2025. THESE PROPERTIES ARE FINANCED WITH A COMBINATION OF GRANTS FROM THE STATE OF CALIFORNIA AND COMMERCIAL LOANS. IN FISCAL 2024-25, BAHC ACQUIRED A MULTI-UNIT PROPERTY IN SAN JOSE, FULFILLING A CPP CONTRACT FOR SAN ANDREAS REGIONAL CENTER. RENOVATIONS ARE IN PROGRESS AT YEAR END.BAHC, CASA MILAGRO, MAS MILAGRO AND CPP PROPERTIES ARE COLLECTIVELY REFERRED AS THE ORGANIZATION".

PROJECT DEVELOPMENT - BAHC IS ACTIVE IN SEEKING NEW PROPERTIES TO ADD TO ITS PORTFOLIO TO EXPAND ITS MISSION IN PROVIDING SPECIAL NEEDS HOUSING FOR THOSE WITH DEVELOPMENTAL DISABILITIES. BAHC IS ACTIVE IN SECURING CONTRACTS TO UTILIZE ITS EXPERTISE IN PROJECT DEVELOPMENT AND MANAGEMENT.