B'NAI B'RITH SENIOR CITIZENS HOUSING COMMITTEE OF HOUSTON, INC. WAS ORGANIZED TO OWN AND OPERATE A 302 UNIT APARTMENT COMMUNITY IN HOUSTON, TEXAS, KNOWN AS GOLDBERG B'NAI B'RITH TOWERS I AND II. THE CORPORATION HAS ENTERED INTO AND IS GOVERNED BY A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE PROJECT, THROUGH A HOUSING ASSISTANCE PAYMENTS CONTRACT WITH HUD, PROVIDES A SAFE, ADEQUATE HOUSING FACILITY TO ELIGIBLE TENANTS.