MERCY SENIOR HOUSING OXNARD WAS ORGANIZED ON MARCH 23, 1995 AS A CALIFORNIA NONSTOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT CONSISTS OF 41 UNITS LOCATED IN OXNARD, CALIFORNIA AND IS CURRENTLY OPERATING UNDER THE NAME OF MERCY SENIOR HOUSING OXNARD.