Bethesda Corp

Bethesda corporation (the "corporation") is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of indiana. The corporation was formed for the purpose of operating a 101 unit apartment project for the elderly, handicapped and low income persons located in terre haute, indiana. The project operated by the corporation is an elderly housing project known as juliet a. Peddle park. The project is financed with a mortgage that is insured by the department of housing and urban development ("hud"), pursuant to section 202 of the national housing act and is, therefore, regulated by hud with respect to rental charges and operating methods.