KC ESTATES INC

K.C. ESTATES, INC WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 9 UNIT APARTMENT COMMUNITY IN WICHITA, KANSAS, KNOWN AS KC ESTATES, PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT AND PROJECT RENTAL ASSISTANCE CONTRACT WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.