RESOURCES MEAN IMPACT

Mutual Housing Association of Southwestern Connecticut, Inc. (“MHA”) has created A social investment program for individuals, corporations, and foundations to make safe, liquid investments directly in MHA to help fund its affordable housing and community development activities. The structure of MHA’s investment notes provides the safest, most liquid way for the private sector to invest in and support housing and community development while providing a reasonable, social investment return of 2% -3%.

Private Placement Memorandum

$12,000,000

Social Investment Notes

An “Equity-Equivalent” Investment Opportunity

The proceeds received by MHA from this offering of $12 million in MHA Series 1 Social Investment Notes (the “Offering”) will be used for the purpose of funding MHA’s broad range of housing and community development activities in Fairfield County — activities that address the region’s most entrenched problems of affordable housing and urban revitalization.  Private social investment in MHA can have a direct impact on low-income housing and community development in Fairfield County, thereby providing investors with high social investment returns.

This Offering consists of two different securities described in two private placement memorandums. This PPM is directed to financial institutions interested in making an “equity-equivalent” investment for purposes of the federal Community Reinvestment Act (“CRA”).  An investment by financial institutions in the Securities described in this PPM represents a low-cost way of achieving significant annual CRA credit and community impact with no reserve requirements and minimal transaction costs. A second PPM is directed to individuals, foundations, corporations and other entities, including financial institutions that wish to invest in debt instruments that do not have equity-equivalent characteristics.

For more information on MHA’s Social Investment Program, contact Larry Kluetsch, Executive Director at 2O3-359-6940, extension 20295.