Paco Community Development Corporation

PACO COMMUNITY DEVELOPMENT CORPORATION, A NJ NONPROFIT CORPORATION (THE ORGANIZATION) WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. THE ORGANIZATION WILL LOOK TO FINANCE AND PURCHASE UNDER-DEVELOPED PROPERTIES THAT CAN PROVIDE AFFORDABLE HOUSING AND ATTRACT HOMEOWNERS INTO DETERIORATING NEIGHBORHOODS AND PROVIDE HELP TO LOCAL COMMUNITIES IN NEED. THEY WILL COOPERATE WITH GOVERNMENT AGENCIES AND COMMUNITY GROUPS TO ATTRACT NEW BUSINESSES TO THE AREA AND TO PROVIDE STABLE SOURCES OF DECENT AFFORDABLE HOUSING IN THE AREA.