JOSEPH M DASSERN HOUSING CORPORATION
1 ECHO HILLS, DOBBS FERRY, NY 10522

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Organizations Filed Purposes: THE JOSEPH M. D'ASSERN HOUSING CORP ("THE HOUSING CORP") APARTMENTS AT THE CHILDREN'S VILLAGE HAVE BEEN DEVELOPED AND ARE MAINTAINED FOR THE BENEFIT OF EMPLOYEES AND THEIR IMMEDIATE FAMILIES AND/OR INTERNS OF THE CHILDREN'S VILLAGE. THE HOUSING CORP UNDER THE AUSPICES OF THE CHILDREN'S VILLAGE AND NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL OVERSEE THE APARTMENTS BUILT IN 1969. THE HOUSING CORP IS A NON-STOCK, NON PROFIT HOUSING COMPANY DULY ORGANIZED AND EXISTING UNDER THE PROVISIONS OF ARTICLE II OF THE NEW YORK STATE PRIVATE HOUSING AND FINANCE LAW AND IS TAX EXEMPT UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE.

TO PROVIDE HOUSING TO EMPLOYEES OF THE CHILDREN'S VILLAGE.

THE JOSEPH M. D'ASSERN HOUSING APARTMENTS AT THE CHILDREN'S VILLAGE HAVE BEEN DEVELOPED AND ARE MAINTAINED FOR THE BENEFIT OF THE CHILDREN'S VILLAGE AS THE EMPLOYER AND THEIR IMMEDIATE FAMILIES. THE JOSEPH M. D'ASSERN HOUSING CORPORATION UNDER THE AUSPICES OF THE CHILDREN'S VILLAGE AND THE NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL OVERSEE THE APARTMENTS, BUILT IN 1969.THE DIRECTORS OF THE CHILDREN'S VILLAGE ASSIGN THE BOARD OF DIRECTORS OF THE HOUSING CORPORATION. THE APARTMENTS ARE MANAGED BY DESIGNEES OF THE BOARD. THERE ARE 112 APARTMENTS RANGING FROM 2 1/2 TO 5 1/2 ROOMS (STUDIO TO 3 BEDROOMS). EVERY EFFORT IS MADE BY MANAGEMENT TO MAINTAIN A SAFE, CLEAN AND CONGENIAL ATMOSPHERE IN AND AROUND THE APARTMENTS.THE D'ASSERN HOUSING CORPORATION WAS ESTABLISHED TO PROVIDE AFFORDABLE HOUSING TO EMPLOYEES OF THE CHILDREN'S VILLAGE. MANY YEARS AGO, EMPLOYEES WHO LEFT THEIR EMPLOYMENT AT THE VILLAGE AND EMPLOYEES OF OTHER NOT-FOR-PROFIT ENTITIES (INCLUDING GREENBURGH 11 UFSD) WERE PERMITTED TO LIVE AT D'ASSERN. THIS PRACTICE WAS DISCONTINUED IN JANUARY 1987. AT THAT TIME, TENANTS WHO HAD COME IN UNDER THE OLD RULES PRIOR TO 1983 WERE PERMITTED TO REMAIN. SINCE 1987, REGULAR FULL-TIME EMPLOYEES AND/OR INTERNS OF THE CHILDREN'S VILLAGE HAVE BEEN PERMITTED TO LIVE IN THE D'ASSERN HOUSING COMPLEX. IN THE EVENT THAT THERE ARE NO EMPLOYEES ELIGIBLE FOR AN APARTMENT (AND ON THE WAITING LIST), EMPLOYEES OF GREENBURGH 11 UFSD MAY BECOME TENANTS. THIS REGULATION, AUTHORIZED BY THE NEW YORK STATE DIVISION OF HOUSING, HAS BEEN STRICTLY ENFORCED.BECAUSE D'ASSERN HOUSING IS A STAFF HOUSING PROJECT AND NOT INTENDED TO BE UTILIZED AS A RETIREMENT COMMUNITY, THE HOUSING CORPORATION NO LONGER ALLOWS RETIRED EMPLOYEES TO RETAIN THEIR APARTMENTS. EFFECTIVE NOVEMBER 2006, ALL EMPLOYEES REGARDLESS OF TENURE AT CHILDREN'S VILLAGE MUST VACATE THE APARTMENT ONCE EMPLOYMENT ENDS.FULL TIME, REGULAR EMPLOYEES OF CHILDREN'S VILLAGE WHO RETIRE AFTER EMPLOYMENT IN EXCESS OF 20 YEARS AND HAVE BEEN TENANTS OF D'ASSERN HOUSING FOR A MINIMUM OF 10 YEARS WILL BE GIVEN UP TO 12 MONTHS FROM THE DATE OF RETIREMENT TO VACATE THEIR APARTMENT AND RELOCATE. AT ANY TIME VIOLATIONS OF ANY OF THE TERMS OF THE LEASE AGREEMENT WILL, HOWEVER, BE THE CAUSE FOR IMMEDIATE EVICTION.THE EMERGENCY APARTMENTS LEASED BY CHILDREN'S VILLAGE ARE THE ONLY DISCRETIONARY APARTMENTS. THE CHILDREN'S VILLAGE MANAGEMENT WILL USE ITS BEST JUDGMENT AS TO WHICH EMPLOYEES SHOULD HAVE USE OF THE APARTMENTS. A WAITING LIST FOR THE EMERGENCY APARTMENTS IS MAINTAINED. THE CHILDREN'S VILLAGE MANAGEMENT RESERVES THE RIGHT TO USE THE APARTMENTS IN A DISCRETIONARY MANNER TO RESPOND TO THE EMPLOYEE WITH THE MOST SERIOUS EMERGENCY OR TO ENABLE THE CHILDREN'S VILLAGE TO HIRE STAFF WHO MUST RELOCATE.AT MANAGEMENT'S DISCRETION, AND IN ORDER TO KEEP ABREAST OF CHANGING REGULATIONS, AN ANNUAL INCOME VERIFICATION AND FAMILY COMPOSITION VERIFICATION WILL BE REQUIRED. ALL TENANTS MUST FULLY COMPLY IN A TIMELY MANNER. THE CHILDREN'S VILLAGE MANAGEMENT WILL USE ITS BEST JUDGMENT AS TO WHICH EMPLOYEES SHOULD HAVE USE OF THE APARTMENTS.

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