SA HOGAR INC
PO BOX 10278, SAN ANTONIO, TX 78210

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Organizations Filed Purposes: TO PROVIDE HOMES FOR THE ELDERLY AND/OR HANDICAPPED PERSONS, TO PROMOTE THE SOCIAL WELL-BEING OF SAID PEOPLE ON A TOTALLY NON-DISCRIMINATORY BASIS, ACCORDING TO NEED, AND WITH RESPECT FOR DIGNITY, TO PROVIDE ADEQUATE HOUSINGS FOR LOW AND MODERATE INCOME FAMILIES.

THE CORPORATION IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF TEXAS, FOR THE PURPOSE OF DEVELOPING AND OPERATING AN APARTMENT COMPLEX OF 48 UNITS IN SAN ANTONIO, TEXAS. THE CORPORATION WILL OPERATE UNDER THE PROVISIONS OF SECTION 207/223(F) OF THE NATIONAL AFFORDABLE HOUSING ACT AND BE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 8 HOUSING ASSISTANCE PAYMENTS AND SECTION 207/223(F) DIRECT LOAN. THE PROJECT HAS EXECUTED A MORTGAGE AGREEMENT WITH U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), WHICH REQUIRES THE UTILIZATION OF THE PROJECT PURSUANT TO SECTION 207/223(F) FOR A MINIMUM OF 40 YEARS. THE PROJECT ENTERED INTO A RENTAL ASSISTANCE CONTRACT WITH HUD PURSUANT TO SECTION 8. UNDER THIS AGREEMENT, HOUSING ASSISTANCE PAYMENTS ARE MADE ON BEHALF OF ELIGIBLE FAMILIES.

THE CORPORATION OPERATED AN APARTMENT COMPLEX OF 48 UNITS IN SAN ANTONIO, TEXAS. THE CORPORATION OPERATED UNDER THE PROVISIONS OF SECTION 207/223(F) OF THE NATIONAL AFFORDABLE HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT ALSO IS SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS AGREEMENTS WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.

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