SAVANNAH GARDENS SENIOR RESIDENCES, INC., A GEORGIA NON-PROFIT CORPORATION, WAS FORMED ON AUGUST 13, 2010 FOR THE PURPOSE OF DEVELOPING, OWNING, CONSTRUCTING, AND OPERATING A 40-UNITAPARTMENT COMPLEX OPERATING UNDER THE NAME OF SAVANNAH GARDENS SENIOR RESIDENCES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS LOCATED IN SAVANNAH, GEORGIA.