The Hilarita - Tiburon Ecumenical Association

THROUGH MARCH 24, 2019, THE CORPORATION OPERATED A 102-UNIT APARTMENT COMPLEX FOR LOW-INCOME FAMILIES, ELDERLY AND HANDICAPPED PERSONS IN TIBURON, CA FOR LOW-INCOME HOUSING REGULATED BY HUD UNDER SECTION 223(a)(7) OF THE NATIONAL HOUSING ACT AS TO RENT CHARGES, OPERATING METHODS AND OTHER MATTERS. ON MARCH 25, 2019, AT A PRICE BASED ON APPRAISED VALUE, THE APARTMENT COMPLEX WAS SOLD AT A LOSS OF $908,780 TO A LIMITED PARTNERSHIP THAT WILL REHABILITATE THE BUILDING FOR CONTINUED USE AS A LOW-INCOME HOUSING PROJECT.