Board of Trustees
WHEREAS the Chicago Federation has organized a not-for-profit corporation, designated Chicago Federation, Union of American Hebrew Congregations Elderly Housing Corporation, for the purpose of obtaining a Section 202 loan from HUD to finance construction of a building with sixty government-subsidized apartments for the elderly; and
WHEREAS this project will not result in any financial liability for the Union of American Hebrew Congregations; and
WHEREAS this project is consistent with the purpose of the Union and its Department of Gerontology,
NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees that pursuant to Article XVI, paragraph (c) of the Bylaws, the Chicago Federation of the Union be authorized to proceed with its project for providing housing for the elderly.