SHASTA HOTEL CORPORATION

SHASTA HOTEL CORPORATION PROVISION OF LOW INCOME HOUSING - THE ORGANIZATION IS THE MANAGING MEMBER OF A SINGLE MEMBER LLC, SHASTA HOTEL HOUSING ASSOCIATES LLC (81-4006784). THE LLC IS DISREGARDED FOR FEDERAL INCOME TAX PURPOSES AND WAS FORMED FOR THE PURPOSE OF DEVELOPING LOW-INCOME HOUSING. THE LLC IS THE GENERAL PARTNER IN SHASTA HOTEL HOUSING ASSOCIATES (81-3588298) WHICH OPERATES SHASTA HOTEL IN SACRAMENTO. SHASTA HOTEL IS AN 80 UNIT PROPERTY WHICH MUST BE OCCUPIED BY RESIDENTS WHOSE ANNUAL INCOMES DO NOT EXCEED 60% OF THE AREA MEDIAN INCOME AS ESTABLISHED BY HUD.