HOUSING SOUTHWEST INCORPORATED

HOUSING SOUTHWEST, INC. IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE IDAHO NONPROFIT CORPORATION ACT. 124-EH004 AND CONCISTS OF 12 APRTMENTS IN PAYETTE, IDAHO. THIS PROJECT WAS CONSTRUCTED AND OPERATED IN ACCORDANCE WITH THE NATION HOUSING ACT. SUCH PROJECTS ARE REGULATED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS.