Eric J. Almquist

I am pleased to announce that Real Estate Developments, Incorporated has received its determination from the Internal Revenue Service that it is classified as a non-profit corporation under Section 501(C)3 of the Internal Revenue Code.  This means that our affordable housing program will be exempt from federal income taxes and can then pass this benefit along to the recipients of our low and affordable income housing program.  It also means that we will be able to obtain grants for this program.