LAURENTIAN HALL ASSOCIATES, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE COMMONWEALTH OF PENNSYLVANIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A PROPERTY CONSISTING OF 36 UNITS FOR LOW-INCOME, ELDERLY PERSONS LOCATED IN PITTSBURGH, PENNSYLVANIA, KNOWN AS LAURENTIAN HALL. THE PROPERTY OPERATES UNDER SECTION 212 PURSUANT TO SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT, AS AMENDED.