BAY INTERFAITH HOUSING SOLD THEIR SENIOR APARTMENT BUILDING TO A TAXABLE ENTITY TO OPERATE AS A QUALIFIED LOW-INCOME HOUSING PROJECT WITHIN THE MEANING OF SECTION 42 OF THE INTERNAL REVENUE CODE AND HAS BEEN RENOVATED AS A HISTORIC REHABILITATION PROJECT IN ACCORDANCE WITH SECTION 47 OF THE INTERNAL REVENUE CODE. THE ENTITY CONTINUES TO OWN A SMALL PERCENTAGE OF THE TAXABLE ENTITY AND HOLDS A NOTE RECEIVABLE FOR THE SELLER FINANCING PROVIDED.