Baltimore Affordable Housing Development Inc.

TO OWN, OPERATE, AND TAKE STEPS NECESSARY OR CONVENIENT TO DEVELOP OR OTHERWISE UNDERTAKE HOUSING PROJECTS IN THE AREA OF OPERATION OF THE HOUSING AUTHORITY OF BALTIMORE CITY; TO ENHANCE THE SUPPLY OF QUALITY AFFORDABLE HOUSING IN BALTIMORE CITY; TO LESSEN THE BURDENS OF GOVERNMENT, AND TO ENGAGE IN ANY OTHER ACTIVITIES WHICH ARE NOT INCONSISTENT WITH SECTION 501C3 OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW.